No One Has the Foggiest Idea What Facebook is Actually Worth
Posted on Oct 27, 2008 @ 04:07PM
Remember when Microsoft paid $240 million to acquire a 1.6 percent share in Facebook, effectively valuing the company at a staggering $15 billion? No way Mark Zuckerberg's social-networking service is actually worth that much, right? Uh, right: according to Facebook's own internal valuation, the number is actually $3.75 billion, or one-quarter the software giant's valuation.
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