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. But it looks like the joke is on me! Sure enough, Facebook did hit a $75 billion valuation on SecondMarket this week, a new record.

Senh: A lot of people will be losing money. It's way overvalued. That's 75 times annual revenue.

Sections:  news   business   
RELATED ARTICLES
BING SEARCH:
  • Biotech, Clinical Research, Pharmaceutical News & Jobs
    Features industry and research center news. Also has a career center and a list of areas with a concentration of businesses in the field. Includes resource links.
    09/18/2017 - 4:06 am | View Website
  • Techmeme
    The essential tech news of the moment. Technology's news site of record. Not for dummies.
    09/17/2017 - 11:59 am | View Website
  • Today's Stock Market News and Analysis
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    09/17/2017 - 9:22 am | View Website
  • Hollywood Reporter | Entertainment News
    Film, music, broadcast, and entertainment business news, including independents and international information.
    09/17/2017 - 8:17 am | View Website
  • Facebook
    Facebook is an American for-profit corporation and an online social media and social networking service based in Menlo Park, California. The Facebook website was ...
    09/17/2017 - 1:58 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News