Facebook (FB) Valuation Drops 4.6%; Zynga (ZNGA) Q4 Numbers Probably Didn't Help
Facebook (FB) is slipping in value, according to recent trading on the secondary market.
SharesPost reported the sale of 200,000 fund units at $42 per unit on February 14th. With 2.33 billion shares currently outstanding (including stock options), the new sale implies a value of $97.9 billion.
The last sale was on February 8th, when 150,000 shares of Facebook were sold at $44 per share, implying a value of $102.6 billion.
Speculation on the value of the company when it comes to market has been rampant since the IPO filing on February 1st. Many have valued the company at $100 billion, while some outliers are looking for a $200 billion valuation in the not-too-distant future.
Facebook might have dipped slightly following Zynga's (Nasdaq: ZNGA) fourth-quarter results, issued after the market closed Tuesday. Though Zynga posted strong results, investors concerns stemmed around its ties to Facebook and user growth potential.
Zynga shares ended Wednesday's session down just under 18 percent, marking the stock's lowest point since the start of February.
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SharesPost reported the sale of 200,000 fund units at $42 per unit on February 14th. With 2.33 billion shares currently outstanding (including stock options), the new sale implies a value of $97.9 billion.
The last sale was on February 8th, when 150,000 shares of Facebook were sold at $44 per share, implying a value of $102.6 billion.
Speculation on the value of the company when it comes to market has been rampant since the IPO filing on February 1st. Many have valued the company at $100 billion, while some outliers are looking for a $200 billion valuation in the not-too-distant future.
Facebook might have dipped slightly following Zynga's (Nasdaq: ZNGA) fourth-quarter results, issued after the market closed Tuesday. Though Zynga posted strong results, investors concerns stemmed around its ties to Facebook and user growth potential.
Zynga shares ended Wednesday's session down just under 18 percent, marking the stock's lowest point since the start of February.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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