Facebook Rebounds To $87.5 Billion Record High Value
Facebook's value has rebounded to the previous record high of $87.5 billion, based on the latest SharesPost auction.
Facebook’s value has rebounded to the previous record high of $87.5 billion, based on the latest SharesPost auction.
Yesterday, 100,000 shares of Facebook sold at a price of $35 per share. We’re assuming that the company still has 2.5 billion outstanding shares.
SharesPost is sustaining the increased frequency of Facebook share auctions we’d noticed after the last deal closed June 6. We don’t know whether this pace means more employees want to sell their stock or investors want to flip their holdings.
Clearly there’s plenty of demand among buyers and sellers alike, and the former would explain why the stock price rebounded to the previous high.
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