SharesPost, which auctions private shares of companies that have not yet gone public says Facebook shares have fallen from their peak in August at $33 per share to $30 today.
On August 16th, 100,000 shares were sold for $33 per share. On October 26th, 70,000 shares were sold at $32. Yesterday, a large block of 75,000 shares sold for $30 per share, implying a 9.1 percent drop in value in just 2 months.
Facebook is set to go public next year, with a market value of over $70 billion, making it a top tech firm.
Recently, companies like LinkedIn, Groupon and Yelp have gone public and commanded large premiums due to their social networking nature.
Written by: Andre Yoskowitz @ 17 Nov 2011 17:05