Facebook shares rose about nine percent in value in the last auction on SharesPost, to close at $33 apiece on Friday, compared to a previous $30.

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Facebook developer SNAP Interactive, best known for the Are You Interested dating application, posted its tenth consecutive quarter of revenue growth, although the third quarter of 2011 also brought a net loss to the company.

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Malaysian Tourism Minister Datuk Seri Dr Ng Yen Yen is facing a revolt — on Facebook, and over Facebook.
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How much money is your competition paying for its presence on Facebook?
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Facebook has made at least half a dozen people rich enough to land on the 2011 Forbes “World’s Billionaires” list.
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Facebook stock closed at a price of $33 apiece in the latest auction on SharesPost, which sold 80,000 shares in an oversubscribed round of bidding. Assuming the social network still has 2.5 billion shares outstanding, the company now carries a value of $82.5 billion.
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Facebook is reportedly considering whether to accept up to $1 billion from institutional investors seeking to purchase shares from employees of the social network.
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Facebook now carries a value of $82.9 billion, based on the closing price of the company’s shares in the latest private market auction, which occurred on SharesPost, according to Bloomberg BusinessWeek. The social network now has a greater valuation than Amazon, which is worth $75.2 billion, and ranks as the second largest capitalized web company after Google, which is worth $192.28 billion.
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Facebook’s on a trajectory to more than double in value annually, based on transactions in the company’s holdings on private markets.
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Facebook has a way of showing people who their real friends are whenever misfortune strikes. Read the rest of this entry »