Silicon Valley News

Saturday, December 18, 2010

Facebook worth $60 billion on secondary market

The latest auction of private shares of Facebook values the social networking company near $60 billion, according to SharesPost. San Francsico-based SharesPost and its New York rival SecondMarket operate a secondary market for hot private companies such as Facebook, Twitter and Zynga. Facebook's secondary market value has soared 20 percent in the last couple weeks.