A Daily news digest by Jasper van Santen

Facebook IPO: Prices hit $70 – pre trading in Frankfurt.

In News, Really?!? on May 18, 2012 at 11:16

 

Facebook IPO: social network floats on the stock exchange

Facebook shares reported to be trading in Frankfurt at $70 ahead of market opening – giving Facebook a potential market capitalisation of nearly $192bn.

With 800 million active users… this means that each account is valued at $240. That is absurd.

 

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