Facebook valued at $94 bn in auction of shares on private market

New York: Social networking site Facebook was the assessment of at least 94 billion dollars in the recent auction of its shares on the private market.

Yesterday, 100,000 shares are traded on private exchanges Facebook at $ 40 a piece, according to SharesPost, a company that meets the buyers and sellers of stocks closely held companies.

Price means that Facebook is worth about 94 billion dollars. This is a jump, when the shares were trading. Just two weeks ago, the second auction, Facebook, fetched 34 dollars per share, The New York Post reports.

The report shows that social networking is expected to increase to 10 billion dollars of its part of the tender evaluation is approaching $ 100 billion.

Facebook has recently submitted its IPO documents, which offers investors expect interest to pick up stocks before the opening of trading on the spike.

At the same time, existing Facebook to shareholders, including employees, are motivated to sell before the lock-up period is implemented by public debut.

According to the paper, Facebook 1000000000 3700000000 dollars in profit dollars in revenue last year.

At the 41 percent tax rate is also on Facebook, the U.S. corporate tax rate of 35 percent.

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