Facebook is Worth Billions

Most people probably would not have a clue when it comes to assigning a monetary value to the giant social networking website Facebook.com. However, a Russian investment firm has offered to buy $100 million worth of Facebook shares at $14.77 per share, putting the value of the company at $6.5 billion minimum.
 
The same investment group, Digital Sky Technologies, bought $200 million worth of preferred Facebook shares back in May, which would mean that Facebook is worth $10 billion. This means that one could estimate Facebook’s open market value to be anywhere from $6.5 billion to $10 billion because of the …read more