Facebook Shares Fall Off Plateau In Latest Auction
A three-month plateau in Facebook's valuation has ended, with the latest auction resulting in a $82.5 billion value for the company, down from a previous high of $87.5 billion.
A three-month plateau in Facebook’s stock price has ended, as the latest auction on SharesPost closed at $33 per share, down almost six percent from the $35 close of the prior three transactions.
Assuming Facebook still has 2.5 billion shares outstanding, the company has an implied value of $82.5 billion, down from a previous high of $87.5 billion.
An email from SharesPost explains that 100,000 shares changed hands in the latest auction that closed on August 16th — here’s the gist of it:
SharesPost’s affiliated broker-dealer completed its auction of 100,000 shares of the Class B Common Stock of Facebook, Inc.
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