Facebook Valued at $82.9B Topping Amazon (AMZN), Trails Only Google (GOOG)
Tweet
Share
E-mail
Get Alerts AMZN Hot Sheet
Join SI Premium – FREE
According to secondary exchange SharesPost Inc., the value of Facebook Inc. has jumped 40 percent since $82.9 billion, making the social-networking company the second-largest Internet company in U.S.
The value of Facebook jumped past Amazon.com Inc. (NASDAQ: AMZN), which saw shares drop as much as 9.5 percent on Friday after disappointing quarterly sales, dropping the value of the online retailer down to $75.2 billion.
Facebook is still eclipsed by Google Inc. (NASDAQ: GOOG), which is the largest Internet search company and valued at $192 billion.
Shares of Facebook have sold for as much as $60 apiece on SharesPost this month, which at this level would be valued at $136 billion.
The value of Facebook jumped past Amazon.com Inc. (NASDAQ: AMZN), which saw shares drop as much as 9.5 percent on Friday after disappointing quarterly sales, dropping the value of the online retailer down to $75.2 billion.
Facebook is still eclipsed by Google Inc. (NASDAQ: GOOG), which is the largest Internet search company and valued at $192 billion.
Shares of Facebook have sold for as much as $60 apiece on SharesPost this month, which at this level would be valued at $136 billion.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Google execs convened 'all-hands' meeting last week to address AI unit reorganizations amid staff concerns - Reuters
- Bank of America to acquire up to 49.9% stake in Jio Credit for ~$1.9B
- HII wins $2.2B contract for SOUTHCOM surveillance operations
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
