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Facebook now ranks third for U.S. Web companies

Having raged by Internet niche pioneers, Facebook took another significant leap forward when it reached a value greater than Ebay ( EBAY ), Bloomberg reports .

Trailing only Google ( GOOG ) and Amazon.com ( AMZN ) for U.S.-based Internet businesses, The Palo Alto, California-based company is now worth $41 billion after passing by Yahoo! ( YHOO ) and Expedia ( EXPE ).

"It has in fairly short order - just a couple of years - gone from being a very niche site to one where the majority of Americans spend a great deal of their online time," Augie Ray, Forrester Research Inc. in San Francisco analyst, told Bloomberg.

Facebook stock trades for $16 per share on a privately held companies' exchange, Bloomberg reports unnamed sources said. That value effectively makes the company worth $41 billion, pushing it past the $39.3 billion Ebay is worth on NASDAQ.

Facebook expects $1.4 billion in sales for 2010, an increase of the $800 million from last year.

"We understand there is a great deal of interest and curiosity in our past and potential financial performance," Facebook spokesman Jonathan Thaw told Bloomberg. "However, external attempts to forecast revenue or value the company are fundamentally speculative and should be treated as such."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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