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Technology Stocks : Meta Platforms, Inc. (Facebook) -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (91)	2/17/2012 6:26:57 PM
From: Glenn Petersen	2 Recommendations Read Replies (2) \| Respond to of 3779

Peter Thiel reportedly invested $500,000 in Facebook at a $4.8 million valuation. An alternative version of the story has him lending $700,000 to Mark Zuckerberg and eventually converting it into a 7.5% position in Facebook. Regardless of which version is correct, at the time of the S-1 filing he owned a 2.5% position. Not a bad return. I have yet to find a clean valuation time line. This one is not bad: Another from November 2010: May 2005: Facebook raises $12.7 million in venture capital from Accel Partners, at a rumored valuation of $100 million. April 2006: Facebook raises $27.5 million from Greylock Partners and Meritech Capital, for a reported $525 million pre-money valuation. October 2007: Microsoft invests $240 million for a 1.6% stake in Facebook, valuing the company at $15 billion. May 2009: Digital Sky Technologies invests $200 million for a 1.96% stake, bringing Facebook's value to $10 billion, a drop of more than $5 billion from Microsoft's investment. January 2010: Offers to buy Facebook's private company stock on SecondMarket place Facebook's valuation at $14 billion. June 2010: A report by Elevation Partners pegged Facebook's value at $23 billion. July 2010: A report by Next Up Research pegged Facebook's value at $12 billion. August 2010: Shareholder trading values Facebook at more than $33 billion. November 15, 2010: Facebook's worth pegged at $41 billion. November 19, 2010: Facebook shares sold at a $34 billion valuation. November 22, 2010: Investors sell portion of stake in Facebook at a price valuing Facebook at $35 billion. November 30, 2010: Facebook reaches value of $50 billion based on private market transactions. fastcompany.com