Facebook stock sale would value company at $70B

By on Apr 28, 2011 at 1:18 PM
Business April 28, 2011

That’s not a typo in the title, that’s seventy billion dollars… with a “b”. Reuters is reporting that a group of private investors is looking to offload nearly $1 billion worth of shares they hold in social networking company Facebook. The price per share puts Facebook’s valuation at nearly $70 billion. “The current deal, which includes stock held by Facebook employees, is awaiting approval from top Facebook executives including Chief Executive Mark Zuckerberg and Chief Financial Officer David Ebersman,” writes Reuters. “The sellers have lowered their price after previously trying to offload shares at a price that valued the company at $90 billion, which would make Facebook more valuable than Time Warner Inc and News Corp combined.” Facebook declined to comment on the report.

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  • http://pulse.yahoo.com/_GP2WYAHXS6CRUREISWBGPUSUGE Michael

    Let me check my pocket to see if i have a “give a crap”..

    Nope fresh out of them…..

    • SlimySam

      none here either.. crap

  • http://profiles.google.com/makoto2588 Matthew Akoto

    geezus

  • Anonymous

    Good, Mark Zuckerberg will be worth more than Bill Gates and Steve BJobz, combined!! Serves those two iTw@ts well.

    • SlimySam

      Steve BJobz.. lol

    • Anonymous

      But nowhere near our lords page and brin!!!!

    • Douche

      That would mean that Mark would own the whole company, which he doesn’t – dumb ass.

    • Anonymous

      Mark B is worth $14 B as stated in February. He owns like 24-27% of the company.

  • Anonymous

    It’s amazing. I remember using this back in when it was basic and limited only to my friends at my college. My mom got on the site because she was going for her Doctorate. Blew people’s minds at the time.

    Now, everyone is on there. I mean EVERYONE. And now they’re worth $70 BILLION? My God… What a Juggernaut!

    The Winklevii must be breaking stuff right now at this news: “IT’S WORTH $70 BILLION AND WE ONLY GOT 63 MILLION?!?!”

  • http://twitter.com/UrbanEnigma Yves

    You know what’s cooler than a billion dollars? A hundred billion dollars.

    • Yes_iHave_a_iPhone

      You know whats cooler than a hundred billion dollars? A thousand billion dollars..

      • http://profiles.google.com/roadofthegypsy Michael Hodges

        You mean “a trillion”…

  • MaxPayne79

    lol…facebook. What year is it?

  • http://www.twitter.com/danielhle DannyDefinit

    GM is valued at $50 billion, and they were too big to fail. So maybe Facebook won’t end up like MySpace after all.

    • http://twitter.com/tn678 Tony

      GM was too big to fail because they affect so many different parts of our economy. Facebook could disappear and within a year, nobody would even notice anymore.

      • Sarcasm

        Hello!! I don’t believe we have met..My name is sarcasm! Nice to meet you Tony..

  • Sburhani

    Wow. I wish I was Zuckerberg. Or Ebersman. Or one of the people trying to offload $1 BILLION in shares.

  • Generatione

    Is this 2001 all over again??

  • http://twitter.com/tn678 Tony

    My ASS on 70b! No way is it worth that much money. Facebook ads don’t even work. What happens when they run out of people to buy the space? Their only other source of income is apps like Farmville and others. What happens when people get tired of playing the same crap over and over?

  • http://twitter.com/clientsfromhell Clients From Hell

    $70billion? I would’nt even get out of bed for that much.

  • RH

    This is the same crap that around before the dotcom bubble blew up. “Everybody” had to have a website…why? Because everyone else had one. Now, everyone is on facebook. Why? Because everyone else is one facebook. I check it about once a day, at most. The only thing facebook is, is a server full of crap. They don’t “produce” anything. It’s all about marketing. Same thing will eventually happen to facebook, as did AOL, myspace etc….people have the attention span of a 6 month old puppy, and will move on, to pee on something else.

    • Sefiroh

      yep!! i would be looking to unload before it collapses. quit now and you still set for life. and maybe the afterlife as well.

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