Facebook shares are currently being horse traded at around $76, more than double that of Yahoo, valuing the company at more than $33bn. Mark Zuckerberg likes this.
The trading has hotted up ahead of the initial public offering (IPO) which is likely to take place shortly, and will be the biggest since Google did the same six years ago. Anyone who took Bodog’s longer odds of 11/10 on the IPO will be laughing at those who thought the billionth user would come first. Seems even the presence of a rogue dislike button can’t dampen the spirits over at Facebook towers. Read more.