June 27th, 2011

GSV Capital Buys Facebook Stock At $70 Billion Valuation; Its Own Stock Pops 21 Percent

Everyone is trying to get pre-IPO Facebook shares any way they can. Some investors purchase shares on secondary markets like SecondMarket and SharesPost. Others broker private sales. Today, GSV Capital, a publicly traded investment management company, announced that it has purchased a small number of shares (225,000) at a price ($29.28) which would give Facebook an implied $70 billion… → Read More