Journaling ideas since 2003
Advertise with us Subscribe to newsletter

Follow us

Share this

Bloomberg: Facebook Valued at US$41 Billion, Surpasses eBay



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.

If you have other interesting design and art finds, cool websites, or anything that might catch our eye, share it with us at news -at- hillscreativearts -dot- com!
Receive interesting stories like this one in your inbox
 
Subscribe to our email newsletter
Prefer RSS instead?
Advertise here

More news on

Also check out these recent news
Never miss our stories again! ×
Subscribe to our newsletter

Follow us on