Facebook Dominates Headlines In 2011

January 3, 2011

4:07 pm

It’s the first business day of 2011 and already Facebook dominates headlines:

Facebook passes Google as most visited site of 2010 – “For the first time ever, U.S. Web surfers visited the social networking site more than any other site in 2010, beating out Internet behemoth Google, according to a report from Hitwise, an Internet analytics firm.”

Facebook was the top search term in 2010 for second straight year – “This is the second year that the social networking website has been the top search term overall, accounting for 2.11 percent of all searches.1 Four variations of the term “facebook” were among the top 10 terms and accounted for 3.48 percent of searches overall.”

Facebook Now Worth More Than Yahoo And eBay – “At $50 billion, Facebook is now worth more than Yahoo (which has a $22 billion market cap) and eBay ($37 billion), and almost worth more than both of them combined—and that is before it has even gone public.”

Report says Facebook nets $500 million investment – “Social networking behemoth Facebook has raised $500 million from Goldman Sachs and a Russian investment firm in a deal that values the company at $50 billion, The New York Times reported.”

It’s no wonder that Mark Zuckerberg was named Time magazine’s Person on the Year. Not only is he one of the world’s youngest billionaires, but this most recent deal with Goldman Sach’s may actually double his net worth.

If you happen to be an institutional trader or high net-worth individual, you may be able to get in on the action too. According to the Washingtonpost.com, “Shares of privately held companies can be traded on private stock exchanges such as SecondMarket, based in New York, and SharesPost, based in San Bruno, California.” And apparently these shares are hot – going for about $25 a share, valuing the company at around $57 billion.

Happy New Year, Facebook, indeed.

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Jen Consalvo is the Cofounder and COO of Tech.Co. She previously worked in product development for almost 13 years at AOL for audiences of millions. Follow her on Twitter at: @noreaster.

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