Report: Facebook worth $41b; third largest Internet company

Facebook may be the third largest Internet company in the United States, with an estimated value of $41 billion, according to Bloomberg.

Facebook's privately held shares are trading at $16 a share, which puts its estimate worth at about $41 billion, higher than eBay, which is currently worth $39.3 billion. Facebook is still trailing behind Amazon, worth $74.4 billion, while Google still maintains the top spot worth $192.9 billion.

However, analysts won't know exactly how much Facebook is worth until their shares are available in a public offering. Currently Facebook only trades on SecondMarket, which does not publicly release trade values, but one man who did not want to be identified said Facebook is trading at $16 a share, which is almost up 50% since last month.

The massive jump could be due to Facebook's big announcement, Project Titan, an email service offering from Facebook. The "Gmail killer" is expected to have a strong social network integration embedded in its email service, a serious threat to Microsoft, Yahoo and Google.

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19 Comments

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these sites that are getting so high in value just reak of the old internet boom and bubble.... it's amazing how something can get to be worth that much for what it does

neufuse said,
these sites that are getting so high in value just reak of the old internet boom and bubble.... it's amazing how something can get to be worth that much for what it does

It's not what it does which is worth that much. It's the name, the popularity, the user base, the database.

The important thing is the growth rate, at this rate it will soon surpass Amazon. If possible in 2 years it could come near Google.

Gaurav Agrawal said,
The important thing is the growth rate, at this rate it will soon surpass Amazon. If possible in 2 years it could come near Google.

I would be surprised if any current company bypasses google within the next 50 years.

Gaurav Agrawal said,
What about Microsoft Internet Services (MSN+Bing+Hotmail+OfficeAppz) ???

It would be good if all their services weren't fragmented. I like google cuz all thier services can be accessed through one website needing to only login once.

There's plenty of Google services that require you to jump around in order to find them, and don't get me started on the issues revolving around the separation of Google and Google App accounts. At least they are in the process of resolving that now by making Google App accounts work with more services but as it is, I can't use my Google Apps account currently to do things such as buy apps on my Android phone using Google Mobile Checkout.

I'd say Microsoft is much worse...but Google's implementation has its fair share of issues.

Smigit said,
There's plenty of Google services that require you to jump around in order to find them, and don't get me started on the issues revolving around the separation of Google and Google App accounts. At least they are in the process of resolving that now by making Google App accounts work with more services but as it is, I can't use my Google Apps account currently to do things such as buy apps on my Android phone using Google Mobile Checkout.

I'd say Microsoft is much worse...but Google's implementation has its fair share of issues.

Not to get too off topic, but I completely agree. When I first got my Nexus One, I expected to be able to use my Google Apps account but I could not because Google Talk did not work with Google Apps accounts. Now it does and it works but it is indeed a work in progress.

duhk said,

It would be good if all their services weren't fragmented. I like google cuz all thier services can be accessed through one website needing to only login once.


+1

Singh400 said,
Nit picking: [IMO] it should be $41bn not $41b. It "reads" better with the n.

with or without the 'n'.. this is a really amazing amount of money.. would be happy with 0.001% of that ^^