Judge's Ruling Reveals That Facebook Is Not Worth $15 Billion

Silicon Alley Insider:

Bad news for the Winklevoss brothers, who claim that Mark Zuckerberg stole Facebook from them when they were all back at Harvard: A Federal judge has told the twins that they'll have to live with the settlement they reached with Facebook earlier this year.

Potentially bad news for Microsoft and every other investor that bought into the company at the much-ballyhooed $15 billion valuation announced last fall -- the same Federal judge has confirmed that Facebook has actually placed a different valuation on its own shares. So how much does Facebok think it's really worth? The court won't disclose that, but it's presumably less than $15 billion, because the valuation discrepancy was one of the reasons the Winklevoss brothers were in court: They were arguing that whatever Facebook agreed to give them to go away wasn't worth what they thought it was.

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