Facebook is now $33 billion entity

With shareholders paying $76 for a share in the top social networking site Facebook just after the greatly glorified launch of the establishment in the share market, Facebook has now come to be a company worth $33.7 billion.

Experts are of the opinion that with such a valuation, Facebook now tops even the biggies in the industry like yahoo whose present valuation is $18.3 billion and eBay which is currently valued at $30.1 billion.

It is also anticipated that the website could even be the largest technology IPO since the launch of $1.67 billion; worth Google in the year 2004.

Currently being bankrolled by a varied group of investors which includes some venture investment enterprises and investment corporations, Facebook has already enumerated its 500 millionth follower the previous month.

Though there have been signals that the flotation of the company will be sometime in the year of 2011, nothing specific has been disclosed while the IPOs have been also postponed. But still the investors are clamoring to get a hold of a share in such companies like Facebook, Twitter and LinkedIn.

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