An Interest In:
Web News this Week
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
- March 22, 2024
May 28, 2011 06:54 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YNAJxvBEWcg/
LinkedIn Halo Effect? Facebook Shares Surge To New High In SecondMarket
Facebook shares on SecondMarket spiked briefly in March to $34 - an $85 billion valuation. But they settled down to around $31.50 after that and have mostly stayed around that level since then. But something caused the shares to surge past that old record to a solid $35 per share in this week's auction. Our guess is that newly public LinkedIn's somewhat impressive P/E ratio of 2,500 may have something to do with it.$35 per share values Facebook at roughly $87.5 billion. Which is a steal compared to the way the public markets are valuing LinkedIn.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YNAJxvBEWcg/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch