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March 12, 2011 04:59 am GMT

New Facebook Valuation Record As Shares Surge 5% To $31.50

A little over $8 million changed hands in this week's SecondMarket Facebook shares auction. And the price surged $1.50 per share, or about 5%, over last week's record price of $30/share. 257,422 shares were bought and sold.That values Facebook, with roughly 2.5 billion shares outstanding, at $78.75 billion. Or, 17 Twitters and change.The confidential (lol) email and part of the attached report is below, and we'll soon be updating our Facebook valuation chart.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Nl4wez7ltDU/

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