Facebook Passes eBay in Value
It's now the web's third most valuable company
By Kevin Spak, Newser User
Posted Nov 15, 2010 8:20 AM CST
Facebook CEO Mark Zuckerberg, center, smiles with unidentified co-workers at Facebook headquarters in Palo Alto, Calif., Wednesday, Oct. 5, 2010.   (AP Photo/Paul Sakuma)

(Newser) – Facebook’s estimated market value has shot past eBay’s, making it the third most valuable web company. Shares of the privately held company are now trading at more than $16 on SecondMarket, sources tell Bloomberg, which would make the overall company worth $41 billion—behind only Amazon ($74.4 billion) and the big kid on the block, Google ($192.2 billion).

SecondMarket doesn’t publicly release trading data, but Bloomberg’s source said Facebook’s price has tripled over the past year. Another private exchange estimates Facebook’s value at $40.9 billion, and says it’s shot up nearly 50% in the past month alone. Those valuations might change drastically on the open market, however. “It could be a bargain at $41 billion,” says one IPO consultant. Then again, Facebook doesn’t disclose financial information, and a spokesman cautioned that all external value estimates are “fundamentally speculative.”

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Showing 3 of 3 comments
YogaNick
Nov 16, 2010 11:29 AM CST
That all depends on how you would measure value, of course. For example, there's nothing facebook could do that would make it more valuable then ebay to me, seeing as ebay is helping me not having to go to an actual store to purchase day to day items.
DeathRace2000
Nov 15, 2010 10:46 AM CST
Have they even made a dollar yet?
Dewser
Nov 15, 2010 8:24 AM CST
Not to be a negative Nancy, but its possible this could be another bubble that pops. Like oh so many things in the recent past.