Saturday, January 29, 2011

Facebook Valuation Tops Amazon.com, Trailing Only Google on Web - Businessweek

Strange days indeed

Facebook Inc.’s valuation topped Amazon.com Inc., leaving the social-networking company behind only Google Inc. among U.S. Internet companies.

Facebook is valued at $82.9 billion on secondary exchange SharesPost Inc. and has jumped by more than 40 percent since mid-December. Amazon shares dropped 7.2 percent yesterday after a disappointing sales forecast, pushing its stock market value down to $77.2 billion.

Facebook Valuation Tops Amazon.com, Trailing Only Google on Web - Businessweek

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