Wow. Just… Wow: Facebook Hits Record $75 Billion Valuation On Secondmarket

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
  • YouTube launches pay channels with campy flicksYouTube launches pay channels with campy flicks
    Roger Corman's campy B movies, children's shows like "Sesame Street" and "Inspector Gadget," and inspirational monologues by celebrities — these are among the 30 channels that will require a paid monthly subscription on YouTube coming soon. More
BING NEWS:
  • Apple earnings expected to ‘wow’
    ‘Wow’ is what many market watchers are expecting to say once Apple Inc. reports earnings for the third quarter of its 2011 fiscal year after markets close on Tuesday. Consensus estimates of US$24.79-billion ... 2011 and set a record during the previous ...
    07/18/2011 - 9:33 am | View Link
  • Wow. Just… Wow: Facebook Hits Record $75 Billion Valuation On SecondMarket
    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. I thought my prediction might be a little too optimistic give that it was at a “mere” $70 billion ...
    03/3/2011 - 7:00 pm | View Link
  • WOW Guys Prefer Hotties to Fatties
    In another visionary study of spelling out the abundantly obvious under the guise of “developing psychological theory”, scientists in Edinburgh, Scotland, have come to the astonishing conclusion that given the choice, guys will choose hot women over ...
    04/18/2010 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Lefora
    Lefora is a universe of free social networking communities united by people and their passions. Create a free social networking forum instantly or join one of the ...
    10/30/2014 - 5:43 am | View Website
  • Welcome to Facebook
    Facebook helps you connect and share with the people in your life.
    10/30/2014 - 5:00 am | View Website
  • How Many People use Facebook, Pinterest, Twitter, Gmail ...
    Ever wondered how many people use your favorite social network, app or digital service? You’re in luck. In my agency days, I often found when writing proposal ...
    10/30/2014 - 4:32 am | View Website
  • Valleywag
    Sorry to disrupt. ... When a small group of disgruntled Facebook users decamped to Ello four weeks ago, a million more people followed looking for The Next Big Thing ...
    10/30/2014 - 2:59 am | View Website
  • Badoo: 'Like Facebook but for sex' social network hits ...
    Badoo, the social network built for sex, hits 130M users worldwide - and 1M in the UK. 30 per cent of UK users admit using site for sex 'The world's largest network ...
    10/29/2014 - 4:22 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