Facebook Is Reportedly Worth $82.9 Billion
Facebook reportedly carries a value of $82.9 billion, based on the closing price of the company's shares in the latest private market auction. The social network has a greater valuation than Amazon, which is worth $75.2 billion, and ranks as the second largest capitalized web company after Google, which is worth $192.28 billion.
Facebook now carries a value of $82.9 billion, based on the closing price of the company’s shares in the latest private market auction, which occurred on SharesPost, according to Bloomberg BusinessWeek. The social network now has a greater valuation than Amazon, which is worth $75.2 billion, and ranks as the second largest capitalized web company after Google, which is worth $192.28 billion.
The news comes a day after SecondMarket reported an auction of Facebook shares resulted in an implied value of $65.5
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in