Facebook might not have to disclose its finances to the public next April — if the Securities and Exchange Commission raises the maximum number of shareholders for nondisclosing companies.
SEC May Relax Policies Based On Facebook Trades
Posts Tagged ‘SecondMarket’
Facebook Allegedly Fires Employee For Insider Trading
Michael Brown has abruptly left his post as corporate development manager for Facebook amid talk that he engaged in a private marketplace equivalent of insider trading.
Facebook Soars To New Record High Of $85 Billion
Facebook stock has reached a new high closing price on SharesPost, $34 per share, bringing the social network to a record $85 billion valuation.
Facebook Co-Founder Saverin Rumored To Sell $500M
Henry Blodgett said he heard that Facebook Co-Founder Eduardo Saverin sold $500 million in Facebook stock.
Finra Warns About Facebook Pre-IPO Investments
A financial industry regulator has issued a warning about scams touting pre-IPO stock, unfortunately citing Facebook shares as an example.
SecondMarket Values Facebook Below SharesPost Highs
Facebook shares closed at $31.50 apiece in the latest auction on SecondMarket, lower than the $33 closing price on SharesPost this week.
Facebook Shares Close Near High At $82.5 Billion
Facebook stock closed at a price of $33 apiece in the latest auction on SharesPost, which sold 80,000 shares in an oversubscribed round of bidding. Assuming the social network still has 2.5 billion shares outstanding, the company now carries a value of $82.5 billion, the highest yet.
Facebook May Let Employees Sell $1 Billion In Shares
Facebook is reportedly considering whether to accept up to $1 billion from institutional investors seeking to purchase shares from employees of the social network, which would value the company at $60 billion.
Facebook Is Reportedly Worth $82.9 Billion
Facebook reportedly carries a value of $82.9 billion, based on the closing price of the company’s shares in the latest private market auction. The social network has a greater valuation than Amazon, which is worth $75.2 billion, and ranks as the second largest capitalized web company after Google, which is worth $192.28 billion.
Facebook Trades Dominate SecondMarket
Facebook accounted for 39 percent of completed trades during the last three months of 2010 on SecondMarket, doubling the previous quarter’s transaction on the online venue for trading shares of privately-held companies.
