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After Insiders Can't Find Buyers, Impressive Facebook Financials Mysteriously Leak


Facebook Employees

The Wall Street Journal made a big deal out of reporting this morning that Facebook could generate about $2 billion of EBITDA in 2011. You saw those numbers here back in February.
We wonder if these figures being back in the news today has anything to with the reports last week that Facebook insiders are reportedly trying to move more than $1 billion Facebook stock at a $70 billion valuation, but can't find any buyers.
After Goldman Sachs announced in January that it would put $1.5 billion of its money and its clients money into Facebook at a $50 billion valuation, the social network's valuation began to soar like crazy as new investors followed suit. T.Rowe Price got in. So did JP Morgan, at $60 billion. Private investors started buying small amounts of Facebook stock at valuations well over $100 billion.
Now, suddenly, the fever for Facebook stock has cooled.


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