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Facebook Now Valued At $6.5 Billion
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by Rob Walker | July 14, 2009 at 06:04 am
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The purchase of $100 million worth of Facebook stock by a Russian firm has lifted the value of the company to $6.5 billion.
The new value is higher than Facebook's $5 billion market valuation, but is still much less than 2007's numbers of $15 billion after Microsoft's $240 million investment.
The Russian company, Digital Sky Technologies, purchased $100 million in stock from current and former Facebook employees.
Digital Sky Technologies' purchase of a new round of Facebook common stock at $14.77 appears to halt at least temporarily the slide of the stock price of the popular online social network. The new purchase by the Russian firm, reported this week, values Facebook at $6.5 billion -- higher than Facebook's $5 billion market valuation represented in recent secondary market valuations.
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at 06:15 on July 14th, 2009
That is more then many Countries GNP.
I am not sure what the real value may be though, since our stock market can be rather volatile and moody.
The real value is what counts in the end when push comes to shove.