TimmyH
For Sale: Facebook going for a song
July 3rd 2008 01:04
What is Facebook worth? In recent months Facebook was valued by some observers as being over $15 billion. Folly. A federal court ruling in the Us has revealed that the company might be worth less than a third of the valuation given it at the end of last year during Microsoft buy-out speculation.
Renowned industry specialist Mike Arrington has reported that Bill Dagley a Californian Money Manager, is repping a seller of stock who is asking for a price which puts the company somewhere in the $3 to $4 billion range.
This falls well short of the $15 billion that the company demanded from Microsoft in late 2007 and seems far more plausible. SAI commentator “Stone” has been saying similar things for some time now and this week confirmed that the value of the stock was “less than $4 billion for sure.”
It has also emerged that in April, a 0.25% stock owner was offered a price of $12.5 million, putting the overall price at just $5 billion. This proposed transaction was reportedly to be between several Facebook employees.
It seems that Facebook stock holders are now expecting to unload stock for less than two thirds of last year’s valuation. It could be a tough year for Facebook, with MySpace recently launching its new homepage and other region-specific social networking sites becoming increasingly popular. If shareholders start trying to sell, expect the price to fall even further.
Renowned industry specialist Mike Arrington has reported that Bill Dagley a Californian Money Manager, is repping a seller of stock who is asking for a price which puts the company somewhere in the $3 to $4 billion range.
This falls well short of the $15 billion that the company demanded from Microsoft in late 2007 and seems far more plausible. SAI commentator “Stone” has been saying similar things for some time now and this week confirmed that the value of the stock was “less than $4 billion for sure.”
It has also emerged that in April, a 0.25% stock owner was offered a price of $12.5 million, putting the overall price at just $5 billion. This proposed transaction was reportedly to be between several Facebook employees.
It seems that Facebook stock holders are now expecting to unload stock for less than two thirds of last year’s valuation. It could be a tough year for Facebook, with MySpace recently launching its new homepage and other region-specific social networking sites becoming increasingly popular. If shareholders start trying to sell, expect the price to fall even further.
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