Facebook is worth $52 billion

Dec, 2010

Facebook is now worth $52.1 billion, according to AllFacebook.com, up from $50 billion two weeks ago when someone bought a large chunk of its shares on SecondMarket, an online exchange for privately held stocks.

At $52 billion, Facebook is worth more than eBay, Time Warner and News Corp. It’s worth two Yahoos, and worth nearly a third of Google’s $191 billion valuation. Which may not seem unrealistic, until you recall that Google’s revenue will top $20 billion this year, or ten times Facebook’s estimate.

And Facebook may end the week being worth substantially more, because another secondary exchange, SharesPost, is holding an auction with a minimum bidding price of $23 per Facebook share. That values Facebook at $52.1 billion, and demand for the auction is almost certain to push the winning bid higher than that. http://blogs.reuters.com/mediafile/2010/12/14/facebook-is-worth-52-billion-and-thats-not-a-good-thing/

facebook is greate site.
I stay 2 year in facebook

Wow, facebook has really grown into a massive business hasn't it. I cannot believe that a college project could turn into a global phenomenon and brand. Though, the recent privacy issues imposed upon it is pretty alarming as they are said to release some information to third party tools for marketing. We should remember that personal information should be kept away from the internet

Its a huge amount he spend it and the people are really enjoy with the friends and relatives thank you Facebook