Facebook Soars To New Record High Of $85 Billion
Facebook stock has reached a new high closing price on SharesPost, $34 per share, bringing the social network to a record $85 billion valuation.
Facebook stock has reached a new high closing price on SharesPost at $34 per share, according to an email sent by the company that’s reproduced below this post.
That brings the social network’s total implied valuation to a record $85 billion, assuming Facebook still has 2.5 billion shares outstanding — we haven’t seen nor heard anything to the contrary of that.
This news also explains why just a couple of hours ago, rumor had it that one of the original co-founders of Facebook, Eduardo Saverin, sold about $500 million in stock.
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