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Last week, in our weekly report on the insanely hot Facebook stock trading going on behind the scenes on SecondMarket, I wrote the following: "Do I hear $75 billion next week?" I was sort of kidding.
Senh: A lot of people will be losing money. It's way overvalued. That's 75 times annual revenue.
Sorting through all kinds of filings and other technical gobbledygook, the guys at the Private Equity Data Center say their new best guess for Facebook's internal valuation is $35 billion.
AOL won't officially become an independently traded company again until December 10 when CEO Tim Armstrong is scheduled to ring the bell on the floor of the New York Stock Exchange.
Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer rival Las Vegas Sands, which plans a listing later this year.
Twitter is about to raise a boatload of cash. Last week we broke the news that Twitter is raising another round of funding at a $1 billion valuation and that one of the new investors in that round is Insight Venture Partners.