Face book has soiled all its competitors by grabbing the top slot. The young CEO of Face book Mark Zuckerberg has another reason to celebrate. Face book is now a $33 billion entity. Yahoo and e-bay are kept at bay when it comes to stock market worth.
Yahoo values 30.1 billion dollars and e-bay values 18.3 billion dollars respectively.
Facebook stands as a concrete wall for all its competitors. Even technology biggies have been put to shame by this social networking site with 76 dollars per share rate. The Financial Times gauged the market value of Facebook confirming the membership of 500million users on it. Social networking sites like Facebook, Twitter, LinkedIn and Zynga, are delaying their IPOs because of perceived weak appetite on the public markets.
Facebook is currently financed through a mixture of investment firms and venture capital companies. Analysts have also said that there is a possibility that Facebook would float by 2011.
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