Facebook’s Value Rebounds 9% In SharesPost Auction

Facebook’s Value Rebounds 9% In SharesPost AuctionFacebook shares rose about nine percent in value in the last auction on SharesPost, to close at $33 apiece on Friday, compared to a previous $30.

If the company still had 2.5 billion outstanding shares like we’d assumed, that would put Facebook’s valuation at $82.5 billion. However, SharesPost says lists an implied value of $77.7 billion which means either the private marketplace miscalculated or the number of outstanding shares is just over 2.35 billion.

Quite possibly the entirely unconfirmed rumors of an initial public offering explain for the nine percent rise in the price, but so would the change in the number of outstanding shares. However, we don’t know whether that figure changed between the time of the last two auctions or prior to that.

Einhorn Tells Investors: Tesla Is Gaming S&P 500 Index Committee

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThe Federal Reserve has poured unprecedented levels of stimulus into the U.S. economy to deal with the pandemic, and most experts agree that inflation is just around the corner. David Einhorn has positioned his Greenlight Capital to benefit from inflation when it arrives. Q2 2020 hedge fund letters, conferences and more SORRY! This content is Read More

Regardless, this latest round of trading brings the value of Facebook closer to its record high of $87.5 billion, which the shares haven’t had since early July of this year.

More on: http://www.allfacebook.com/facebooks-sharespost-2011-12