Tag Archives: SecondMarket
SecondMarket Lays Off 10% Of Employees
SecondMarket is a marketplace for the trading of company shares privately. SecondMarket built most of their business on the pre-IPO interest in Facebook equity. Now SecondMarket is laying off 10% of their staff, which is roughly about 15 people.
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Categories Facebook, SecondMarket
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Facebook Believed To Be Stopping Secondary-Market Trading This Week
This week Facebook is going to be stopping the trading of their shares on secondary markets as they prepare to file for an IPO in early May. Facebook representatives instructed companies that help investors buy and sell stock in closely held companies to stop trading its equities this week.
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Categories Facebook, SecondMarket, SharesPost, SharesPost Inc.
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SEC Investigating Second-Hand Private Company Stock Trading
Even though companies like Facebook, LinkedIn, Twitter, and Zynga are private, you can still buy stock in them. The U.S. Securities and Exchange Commission (SEC) is now investigating the background of this private stock trading and is conducting investigations. The SEC sent out requests for information from the companies that facilitate the private company stock trading.
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Facebook Traded At $50 Billion Valuation In Secondary Markets
In a SecondMarket share auction that took place last week, the end price per share was $20.76 for Facebook. Facebook has about 2.5 billion shares outstanding after a 5-1 stock split earlier this year. Based on the price per share and the outstanding shares, this puts Facebook’s valuation at about $50 billion. This means that Facebook is worth more than Yahoo! and eBay and their value is about 1/4th of Google and Microsoft. Below is an e-mail sent out to buyers on SecondMarket:
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Categories Facebook, SecondMarket
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