Posts Tagged ‘Stock markets’

Shareholder trading values Facebook at more than $33bn

Wednesday, August 25th, 2010

I never would have dreamed that Facebook generated that much ad revenue … especially since Facebook allows you to delete ads that you don’t want to see.

With shares selling for up to $76, investors are calculating social networking site is worth nearly twice as much as Yahoo!

Facebook is now being valued at more than $33bn (£21.3bn) as investors try to secure a stake in the social networking site in anticipation of its flotation on the US stock market.