Facebook Reaches New High Of $87.5 Billion
Facebook stock closed at $35 in an auction on SharesPost yesterday. That means the company's value has reached a new high of $87.5 billion, assuming the company still has 2.5 billion outstanding shares.
Facebook stock closed at $35 in an auction on SharesPost yesterday. That means the company’s value has reached a new high of $87.5 billion, assuming the company still has 2.5 billion outstanding shares.
This closing price marks a $3 rise in the stock since the last auction occurred in April. Reporting auction results late in the afternoon before a three-day holiday weekend seems like a recipe for going unnoticed, so it will be interesting to see how long it takes for other stock watchers to notice that Facebook’s value just hit a new high.
Nonetheless,
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