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
  • Microsoft Develops Set-Top Box
    Microsoft has been developing designs for a simple set-top device for streaming video and other entertainment options. More
  • Amazon may be working on a smartphone with hologram-like 3DAmazon may be working on a smartphone with hologram-like 3D
    Amazon is reportedly developing a smartphone that sports a 3D screen that relies on retina-tracking technology to make images seem to float above the screen like a hologram. With the smartphone, users would be able to navigate through content by using their eyes alone, according to two unnamed people who discussed the phone with the Wall Street Journal. More
BING NEWS:
  • Nasdaq Composite Ends Above 5000 for First Time Since Dot-Com Era
    h4>WSJ on Facebook ... of $752 billion, almost as much as the Nos. 2 and 3 U.S. firms, Google and Exxon Mobil, combined. The Cupertino, Calif., consumer-electronics firm, which accounts for a 10th of the Nasdaq index, recently posted a record U.S ...
    03/2/2015 - 12:27 am | View Link
  • Facebook launches ‘Friends’ ad campaign in Toronto, Vancouver
    The future is one thing, but Facebook is currently on strong financial footing. In January, the company announced its revenue for 2014 was over $12 billion, an increase of ... said the campaign truly hits the right emotional buttons. And that’s important ...
    02/25/2015 - 3:36 pm | View Link
  • Recap: Alibaba’s Big Debut, Minute-By-Minute
    From our wire: Alibaba IPO Shares New Indicated Opening Range $92-$93 11:30 am Any Cost by Telis Demos Edit Add a Comment Wow ... 11:44 am Valuation by Steven Russolillo Edit Add a Comment At a $93 indicated open, Aibaba’s $229 billion market value ...
    09/19/2014 - 3:26 pm | View Link
  • The Twitter IPO: All You Need to Know
    If they price shares too high, the price falls when the stock hits the market. An oft-cited example of this was the Facebook IPO ... at least a $25 billion valuation without ever having achieved a profit, Twitter has no track record on profits.
    11/6/2013 - 7:00 pm | View Link
  • Tale of two tech giants: Facebook dives as Google hits record
    Facebook shares plunged nearly 11 per cent overnight after an influential markets publication slashed its valuation of the stock, but investors continued to embrace Google after its shares stepped higher to a new record ... of the $2.61 billion US mobile ...
    09/24/2012 - 9:06 am | View Link
  • More
BING SEARCH:
  • Valleywag
    Facebook, a dull and endlessly scrolling record of personal propaganda and content headlined in two or more sentences, isn't satisfied with the way its 1.4 billion ...
    03/29/2015 - 2:56 pm | View Website
  • Welcome to Facebook
    Connect with friends and the world around you on Facebook. See photos and updates from friends in News Feed. Share what's new in your life on your Timeline.
    03/28/2015 - 2:35 pm | View Website
  • Topics | ZDNet
    Latest trending topics being covered on ZDNet including Reviews, Tech Industry, Security, Hardware, Apple, and Windows
    03/28/2015 - 5:10 am | View Website
  • Facebook is dying. | Social Media Today
    Organizations should treat social media as they would any other electronically stored information and assume it is potentially discoverable. Und...
    03/27/2015 - 10:00 pm | View Website
  • WoW Insider
    Wow Search, enhanced by Google. Quick links to popular sites: Hotmail, eBay, Twitter, LinkedIn, Amazon, Yahoo!, Pinterest, Facebook and AOL.
    03/27/2015 - 6:40 pm | 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