Facebook Value Rises Above $33B, Zuckerberg Laughing All The Way To The Bank
August 25, 2010
(ChattahBox) – The Financial Times has estimated the worth of social networking giant Facebook at more than $33 billion, a staggering amount that puts it above the annual earnings of both eBay and Yahoo.
The inflation of their stock on the market has been big news in the business sector, and it has driven the cost per share in the website to $76, and their popularity and value just keep on rising. Facebook is now estimated to be worth around $33.7 billion.
“While Facebook and other successful Silicon Valley companies, such as Twitter, LinkedIn and Zynga, are delaying their IPOs because of perceived weak appetite on the public markets, some investors are not content to wait. They are acquiring stakes in technology companies while they are still private, hoping that their eventual IPOs will send share prices even higher,” David Gelles explained.
“Common stock in Facebook is trading as high as $76 a share as investors scramble to get a piece of the company before it files for an initial public offering, which analysts say could be the biggest technology IPO since Google’s $1.67bn flotation in 2004.”
So, what does that mean? Basically that Facebook is bigger than ever, and expected to keep going. With the new services being launched regularly, even the privacy scandals that have rocked them have been unable to offer a real hit.