Posted: November 15th, 2010.
Facebook has technically overtaken eBay to become the third largest technology company in the United States. The company’s shares are now trading at $16 on SecondMarket – an exchange for shares of privately held companies. At this price, the valuation of the company stands at $41 billion that is a tad more than the $39.3 billion valuation that eBay holds at the NASDAQ stock market. Only Amazon – at $74.4 billion valuation and Google – with $192.9 billion value are above Facebook.
The revelation comes on the heels of speculation that Facebook is announcing a new email product to take on the likes of Gmail and Hotmail. An announcement in this regard is expected later today. The news is also likely to give a major impetus to anticipation about the social network’s IPO plans. Will Facebook open to the stock markets next year?