Facebook Shares Hit $50 On SecondMarket

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facebooklogo2.gifFacebook shares just keep going up on SecondMarket, a platform for buying and selling private company stock. Sales are now being closed at $50/share, we’ve heard from a source (and we’ve confirmed that the best asking price is also $50/share). That values Facebook at around $22.5 billion.

That’s a 100% increase since January, just a couple of months ago.

Part of the quick increase may be due to tightening supply. Current Facebook employees are no longer allowed to sell stock, we’ve heard but have not confirmed, due to possible securities laws violations. If that’s accurate, and it makes sense, it can partially explain the bubble like price increase in Facebook stock.


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