TweakTown
Tech content trusted by users in North America and around the world
5,681 Reviews & Articles | 36,150 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Facebook now worth $50 billion?

Facebook now worth $50 billion - now worth more than eBay and Yahoo!

| Business, Financial & Legal News | Posted: Nov 30, 2010 4:11 am

In the words of the great Ron Burgundy, "Boy, that escalated quickly. I mean, that really got out of hand fast!" And by getting out of hand, I mean Facebook's value, $50 billion!!

 

TweakTown image news/1/7/17800_335.jpg

 

The last company valuation put them at $35 billion, at the moment there are 2.5 billion shares at around $20.76 a share.

 

Based on $50 billion, this puts them at a 1/4 the market capitalization of Google and close to 1/4 that of Microsoft. They're now worth more than eBay and Yahoo and are on the heels of Amazon's $80 billion worth of value.

 

Hit up the source for the email that was sent to all Facebook Market Participants.

 

NEWS SOURCE
Techcrunch.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below