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:
  • Thriller from beyond grave: new Jackson songs wow critics
    Critics have already hailed "Xscape" a clear improvement on 2010's "Michael," the first album released after Jackson died of a drug overdose at age 50, as part of a multi-record deal with label giant Sony. "From the first, there was the voice .....Nearly ...
    05/12/2014 - 6:25 pm | View Link
  • Apple's iPhone 5 bigger, faster but lacks 'wow'
    "There is not a wow factor because everything you saw today is evolutionary ... Apple executives in the front row could be seen rocking their heads to "Times Like These" and other hits. For the iPhone 5, Apple has done away with the connectors used ...
    09/12/2012 - 7:19 am | View Link
  • 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 ...
    03/4/2011 - 10:34 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
  • Wow – The Top 10 Sports Video Games Ever
    Surfer, blogger and social media addict, Ree has definitely already seen that funny video you just posted on Facebook. He loves taking his kids on adventures (Instagram opportunities) and if his old body can take it, surfing the raging left-hand tubes of ...
    04/9/2009 - 1:00 pm | View Link
  • More
BING SEARCH:
  • How Many People Use Facebook, Pinterest, Twitter and 600 ...
    Here is my monthly, running tally of how many people are using some of the top social media, digital services and mobile apps updated for July 2014 (the best I could ...
    07/24/2014 - 7:35 pm | View Website
  • Facebook
    Facebook is a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep up with...
    07/24/2014 - 1:16 pm | View Website
  • Business Technology News and Commentary
    With the Internet of Things, sensors and telematics don't mean much if they're not helping disrupt traditional business models.
    07/24/2014 - 10:24 am | View Website
  • Valleywag
    Sorry to disrupt. ... In an ideal world, people would only make things that were good and that other people wanted to use.
    07/24/2014 - 1:20 am | View Website
  • Who OWNS Facebook? The Definitive Who's Who Guide to ...
    Selected TIME Magazine's "Person of the Year" in 2010, Mark Zuckerberg has been credited for connecting the world via Facebook.
    07/23/2014 - 2:22 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