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FX.co ★ Facebook investors to sell shares worth billiard!

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Forex Humor:::2011-05-10T14:29:00

Facebook investors to sell shares worth billiard!

The group of Facebook investors is intended to sell a stock of shares for about a billiard of US dollars, Reuters informs.
The shareholders have been waiting for the deal to be approved by Facebook CEO Mark Zuckerberg and Facebook CFO David Ebersman. The top representatives of Facebook administration refused to give any comments.
According to estimations by experts, the deal is going to be the largest for the whole history of the company and the value of Facebook will soar to USD 70 bln. The shareholders have been driving the stock of shares lower. The first variant of placing shares boosted the value of the company by USD 65 bln. Several months earlier Goldman Sachs investment bank of America assessed the social network at USD 50 bln. Additionally, Russian bank Otkritiye put its price forward which is the highest so far – USD 76.4 bln.
Facebook is the largest social network in the world having about 600 million accounts registered in it.

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