Lenon’s main business news

November 20, 2009

Facebook valuation now $9.5 billion

Filed under: money — Tags: , — Moon @ 12:48 pm

Facebook Inc. stock's price on private exchanges has jumped up to 42 percent in the past four months as membership of the social networking site topped 300 million and the company turned cash flow positive, according to Bloomberg News.

Facebook shares are currently selling for about $21 each at SecondMarket, up from $14 .77 in July.

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