Credit cards at the ready – Facebook valued at £22 BILLION

Facebook, Tech Digest news

facebook-small-logo.pngEver wondered how much it’d cost to snap up Facebook, the world’s biggest social networking site? Well how does £22 BILLION sound? Pocket money!

As a privately held company it can be a little difficult to pinpoint an exact figure, but the Financial Times has given it a go. By looking at secondary market transactions such as the stake sale prices of initial investors, they’ve valued Zuckerberg’s empire at a sweet $33.7 billion, dwarfing the likes of eBay and Yahoo which are valued at $30.1 billion and $18.3 billion respectively. In comparison, MySpace was bought for just $580 million in 2005.

Facebook still has a long way to go however if it’s to rival the big three of the PC world. Google’s current values is is estimated at around $143.9 billion, Microsoft $197 billion and Apple a huge £200 billion.

Via: Financial Times

Gerald Lynch
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