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Almost two years back, we had written some points on facebook's secondmarket valuation, which we think is relevant to the discussion here -

http://statspotting.com/2011/03/the-truth-about-facebooks-va...




Your 4 points at the end are all true (and true in general), but Facebook's valuation on SecondMarket was not a stretch-- in the IPO they sold 425M shares at $38.




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