Monday, November 15, 2010

Facebook Worth $41 Billion (Report)

Facebook Worth $41 Billion (Report): "Facebook Worth $41 Billion (Report)
By Sarah Perez / November 15, 2010 6:44 AM / 1 Comments
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Facebook is now the third largest U.S. Internet business, behind Amazon and Google, according to a new Bloomberg report released this morning. Based on trading on secondary markets - Facebook is not yet a public company - the site's stock is now at $16, which would put its valuation at $41 billion. That's more than eBay ($39.3 billion), but less than Amazon's $74.4 billion and Google's $192.9 billion.

Of course, none of this really matters until Facebook goes public."