Facebook Shares Fall, Valuing Company At $82.52 Billion
Facebook shares have cooled off, valuing the company at $82.52 billion, down from the record high of $87.5 billion.
An auction of Facebook shares ended yesterday with a closing price of $33.01 on SharesPost. That makes the social network worth $82.52 billion, assuming the total outstanding shares still equal 2.5 billion.
Usually auctions of the stock on private marketplaces occur on a monthly basis, but the last Facebook share sale was less than two weeks ago, on May 27, when the shares closed at $35 apiece, for a $87.5 billion value.
This is not the first time the shares have fallen in value, and like the last time they dropped, this appears to be a cooling off after a rally.
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