Facebook Valued At $52 Billion Following Kleiner Perkins Investment

The Wall Street Journal:

VentureWire reports today that Kleiner is taking a small stake in Facebook by buying as much as $38 million of stock from other shareholders at a valuation of $52 billion - a bit higher than the $50 billion price tag that Goldman Sachs and DST Global set when they recently invested $1.5 billion.

Read the whole story: The Wall Street Journal

Comments

[lilylee86]

10:12 PM on 02/15/2011

Facebook is so popular...
---Joyfax Server---

[El Chingaso]

08:33 PM on 02/15/2011

This whole thing is so silly. Imagination is the only evaluation. FB is just hyped-up e-mail -- that, unfortunately, comes with a high price security-wise.

[TheNitewatch]

06:43 AM on 02/15/2011

What a house of cards. Why is everyone still falling all over themselves to give this slime money? It's simply a data repository disguised as a social media site. Your information will be sold/stolen to anybody with a check.

[AlteSoldier]

06:03 AM on 02/15/2011

I just cannot believe FB has that much value. Where do they think the revenue will come from in the long run? Advertisement?

[poster1122]

10:12 PM on 02/15/2011

If you assume they can do $3 billion/year in advertising revenue (Google's was $28B in 2010), $52 billion wouldn't be that much. We're talking just a 20-to-1 PE value. Currently, it's revenue is around $800M, so it's closer to 60 to 1, but does anyone really believe that it'll just stay at $800M?

[jabailo]

11:53 PM on 02/14/2011

Oooo....de serving roast beef at the dinner for schmucks now!!

[Arts4u]

10:18 PM on 02/14/2011

SUCKERS... wait until they get taken to the cleaners....

[SDH283]

09:57 PM on 02/14/2011

If anyone wasn't sure that we live in RIDICULOUS TIMES ... this story should remove all doubt...

[Jill Kennedy]

07:49 PM on 02/14/2011

Well, that's going to come down fast right after Manka Bros. launches its Facebook killer - code named: Caligula...

http://mankabros.com/chairmans-blog/2010/11/manka-bros-to-launch-facebook.html

[ecrichert12]

07:45 PM on 02/14/2011

I guess this is the point when you'll all complain that Goldman Sachs is evil because it's helping a company grow by connecting it with investors after the VC and angel investing phase has run its course?

[jabailo]

11:53 PM on 02/14/2011

No, that comes after your relatives all buy the stock at $50 and it sinks slowly over the next decade...

[atila]

06:41 PM on 02/14/2011

I know where these guys go,I'm pretty sure a lot of little fishies are going to bite the bait when facebook go public and in the beggining they're going to sell those stocks at even 200 dollars,but once the dust settles will witness the biggest tech bubble ever.