We have heard plenty of rumored valuations of Facebook, some of which went as high as $100 billion. There is a more tangible number available as investment fund GSV Capital just bought 225,000 Facebook shares at an average price of $29.28 per share. Since Facebook currently has 2.4 billion outstanding shares, the purchase assumes a Facebook value of currently $70.3 billion. Not bad.
Back in January, Goldman Sachs invested about $500 million in Facebook based on a $50 billion valuation.
2DayBlog.com, Facebook Valued at $70 Billion
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