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Facebook now valued at $50 billion

By Emil ยท 12 replies
Nov 30, 2010
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  1. $40 million in Facebook shares were recently reshuffled in auctions on SecondMarket, leaving shares at $20.76 with 1.9 million shares traded. 2.5 billion shares were left outstanding (taking into account the 5-1 stock split earlier this year), placing Facebook's valuation at roughly $50 billion, according to All Facebook. This is the highest ever valuation for the private company, and frankly it's huge given that the social networking website is only six years old.

    Read the whole story
  2. TomSEA

    TomSEA TechSpot Chancellor Posts: 3,124   +1,617

    I don't know whether to be impressed or throw up....
  3. princeton

    princeton TS Addict Posts: 1,674

    $50 billion but they can't afford half decent servers. With all the money they have(I know the $50 billion isn't just cash) there's no reason why facebook goes down occasionally.

    P.S. No I don't use it. But it causes the BRANDON! THE INTERTHINGY IS BROKED!!!
  4. Leeky

    Leeky TS Evangelist Posts: 3,357   +116

    Funny that, the wife uses the much ruder equivalent when she can't get on her stupid-facebook-i'm a cook and farmer games with our 50mb internet connection.... She never listens to reason either!
  5. DSP8000

    DSP8000 TS Rookie

    "Wow, there's some fine print for ya!" Pretty big numbers here. Facebook is double edged sword. There are so many people out there that have no idea how to use it. And then, privacy goes everywhere. I think their privacy still sucks big time. The fact that there are number of new Facebook scams popping out every day, will just make it a VERY big target...
  6. Leeky

    Leeky TS Evangelist Posts: 3,357   +116

    I'd sell right now if I owned it, it can't be much more and it'll be on a downer again! :haha:
  7. DokkRokken

    DokkRokken TS Rookie Posts: 266

    I remember when Rupert Murdoch valued MySpace at six billion, and analysts pegged it at about ten billion back in around 2006/07. I wonder what the valuation of that place is nowadays, if it even really exists anymore.

    In a couple years, we're going to be searching for this TechSpot article when Zuckerman and his investors are busy trying to unload FB onto its newer, and better competitor in the hopes of making something, anything, to recoup their losses. :p
  8. Benny26

    Benny26 TechSpot Paladin Posts: 1,377   +67

    Thats just down right disgusting...It doesn't even work properly. Everytime they apply a "fix" to it, they make it worse (?)...I wish i understood the world sometimes. I wish i understood things like facebooks wealth, things like how a person can pay millions for a sheet of paper...Or the art world as it's known

    But then i suppose kudos to Zucabag (or what ever the hell his name is)...Beating Bill gates in the fortune for age catagory must feel nice...
  9. Anyone who wonders why the US (and world) economy is so screwed up - this is it!

    A company that doesn't actually produce or sell a product or add anything of real value to the world except a way to waste time can be valued like this? What a travesty and a shame. No wonder Obama got elected. People are friggin' morons.
  10. Cota

    Cota TS Enthusiast Posts: 512   +8

    wow 50 billions on people wasting time in nonsense talk?, they should pay you for using that crap lol
  11. 63Jax

    63Jax TS Enthusiast Posts: 85

    ...50000000000 for what? jessus...i wouldn't give 5 bucks for that piece of ****! only in USA is possible to do bunch of money without doing absolutely nothing, just like Oprah, she makes money for talking with people...
  12. While I agree with most of your post the last part if totally wrong.

    do you know what oprah owns? you know how long she has been running that show.

    Or that she even owns the production company.

    As much as I hate talkshows don't be dissing oprah bro she went from nothing to one of the riches women in the world and gets my respect and doesn't deserve your jealously. Why don't you actually read up about her and you will see she has done more for the world than this Facebook clown.
  13. He should sell for $30 Billion it while he is still ahead, move to Montana and live on a 100 acre ranch.

    But, he wont, instead, he will lose it all as the facebook value drops down in to the toilet. And that will be his biggest mistake he will ever make in his life.

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