Arquivo para 5 junho, 2010

Facebook’s Market Cap On SecondMarket Is Now $25 Billion (Bigger Than Yahoo’s)

junho 5, 2010

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by Erick Schonfeld on Jun 4, 2010

If Facebook were a publicly traded company, its market value would rival Yahoo’s and be ten times bigger than AOL’s, if demand for its private shares are any indication. Shares of Facebook on private-company stock market SecondMarket are going through the roof right now. This week, Facebook shares traded on SecondMarket passed $50, giving Facebook a total market value of $25 billion, according to sources with access to the market. (SecondMarket itself does not disclose pricing or valuation of the private stocks it trades). In comparison, Yahoo’s market cap on the publicly traded stock market is currently $21 billion, while AOL’s is $2.3 billion.

These aren’t apples-to-apples comparisons because SecondMarket is a private stock market with thinly traded shares where demand often outstrips supply. (By definition, private stock sales trade in an illiquid market). But it is a real market with buyers and sellers, and right now that market is putting a $25 billion value on Facebook. The last time we checked in on how Facebook’s shares were doing on SecondMarket was in January, 2010 when the company was valued at $14 billion (which was up from $11 billion the month before).

Back in August, 2009, DST was buying back common shares at a $6.5 billion valuation, so that’s been an incredible rise in value over the past year. Even Microsoft’s $15 billion valuation (albeit for preferred shares) does not seem so crazy anymore in light of what investors are paying on SecondMarket.

Last week at TechCrunch Disrupt, SecondMarket’s chief strategy officer Jeremy Smith explained how the market works to Beet.TV, and that so far a total of about $100 million worth of Facebook stock has been traded through SecondMarket (watch the video).

Facebook image
Website: facebook.com
Location: Palo Alto, California, United States
Founded: February 1, 2004
Funding: $716M

Facebook is the world’s largest social network, with over 400 million users.

Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard… Learn More

SecondMarket image
Website: SecondMarket.com
Location: New York, New York, United States
Founded: 2004
Funding: $15M

Founded in 2004, New York-based SecondMarket is the largest marketplace for illiquid assets, including private company securities, limited partnership interests, auction-rate securities, bankruptcy claims, structured products, warrants/restricted… Learn More

Google’s iTunes Competitor Will Likely Be Called Google Music

junho 5, 2010

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Google’s iTunes Competitor Will Likely Be Called Google Music

by Leena Rao on Jun 4, 2010

At Google I/O a few weeks ago, Google teased the audience with a glimpse of a web-based iTunes competitor that would be a new section of the Android Market. Details were sparse during that time, but we may have found the name of the service through a new logo that is hosted on Google’s domain: Google Music. You can tweak that url to see more product logos, including Android and Docs.

While the name is unsurprising, the idea behind Google Music, if that is what it in fact it will be called, is pretty compelling. You would go to the Market on the web, find a song you like, click the download button, and just like with apps, the song would start to download over the air onto your Android devices. Google also announced the acquisition of Simplify Media. Using Simplify’s technology, Google will offer a desktop app that will give you access to all DRM-free media on Android devices remotely.

This new market wouldn’t be Google’s first foray into music. Last fall, Google announced Music Onebox, new kind of Google search result that lets you instantly stream songs directly from Google’s results page; and Google Discover Music, a search engine to find songs on the web.

Google Music had better launch soon. Apple is rumored to be prepping a cloud-based version of iTunes this summer, which could steal the thunder from whatever Google has in store for its music market.

Thanks Logan R. for the tip.


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