The SecondMarket Facebook shares auctions are back on after a holiday break, and the valuation is up big time. The last auction prior to this one closed December 15 at $22.75/share. Today it hit $28.26 per share. With 2. 5 billion or so shares outstanding, that’s a $70.65 billionish valuation.
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Holy crap that is ridiculous.I thought the Microsoft and Apple surges in the 90s were record breaking but Facebook is the spear on the internet world right now
HOLY
S
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!
T
I smell a bubble getting ready to burst.