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Bloomberg: Facebook Valued at US$41 Billion, Surpasses eBay
By Facebook / IO, 16 Nov 2010
Bloomberg’s Business Week is reporting that Facebook’s estimated worth has surpassed that of eBay’s to become the third-largest US internet business.
The social network is valued at US$41 billion, surpassing eBay’s US$39.3 valuation on NASDAQ, read the report. Figures from SecondMarket, an exchange for shares of privately held companies, were cited.
This means Mark Zuckerberg’s site is trailing only heavyweights Amazon (US$74.4 bn) and Google (US$192.9 bn)—a hefty deal considering that Facebook is just a single website while Amazon marshals an e-retail empire and Google has its own grip on all things search.
“It [Facebook] has in fairly short order—just a couple of years—gone from being a very niche site to one where the majority of Americans spend a great deal of their online time,” said Forrester analyst Augie Ray to Business Week.
Already this week, the social network has expanded its scope to include a new mode of online communication, one that integrates email, text messaging, instant chat and other popular models. This valuation is yet another feather in the cap—albeit a big one—for Zuckerberg and co.
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