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Facebook Now Valued at $85 Billion

Facebook's secondary stock just hit $35, which gives the company apparently a market valuation of about $85 billion. The valuation of the services has climbed by almost $7 billion in less than two weeks.  Given the pace of Facebook's stock, it appears reasonable to assume that the company will be valued at more than $100 billion before we enter the second half of the year.

SharePost just announced said that the most recent auction of Facebook stock closed with the second highest Facebook share price. 100,000 shares were sold for $34 per share. If you were among those who were upset that they did not get early enough AOL shares in the second half of the 1990s, you can now probably assume that you missed Facebook as well. However, given Facebook's traction, there is reason to believe that the company will touch $100 billion soon.

Slowly but surely, however, it may get more enticing for some to unload Facebook shares again. There is a rumor that Facebook co-founder Eduardo Saverin just sold a portion of his stock for $500 million.   

According to market research firm Socialbakers, Facebook's other data is growing as well. The site is now estimated to be the virtual home to 642.6 million people - 152 million of which are in the U.S., 35 million in Indonesia and 29 million in the UK.