Facebook's Growth Justifies $100 Billion Valuation: WSJ
Facebook is on track to earn more than US$2 billion after taxes in 2011, which could bump its valuation to US$100 billion or more when it goes public, reports The Wall Street Journal, citing people familiar with the company.
Earlier this year, Facebook was valued at US$50 billion after investments from Goldman Sachs and a Russian investment firm.
If the new valuation holds true, it would make Facebook “one of the largest technology companies”, leaving established names like Amazon and Cisco behind, the Journal said.
However, the Journal’s sources say there is a challenge in assessing Facebook’s value as “much depends on market sentiment and the overall economic mood at the time of a public offering”.
The social network is expected to rake in US$4.05 billion in ad revenue this year, its highest yet, according to eMarketer.
[via WSJ]
Earlier this year, Facebook was valued at US$50 billion after investments from Goldman Sachs and a Russian investment firm.
If the new valuation holds true, it would make Facebook “one of the largest technology companies”, leaving established names like Amazon and Cisco behind, the Journal said.
However, the Journal’s sources say there is a challenge in assessing Facebook’s value as “much depends on market sentiment and the overall economic mood at the time of a public offering”.
The social network is expected to rake in US$4.05 billion in ad revenue this year, its highest yet, according to eMarketer.
[via WSJ]
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