Facebook Stock Multiplying Like a Crazed Amoeba
Who knows what a share of Facebook stock would go for if the company went public, but in the bustling back alleys of the secondary market, demand keeps pushing the price inconveniently high–upwards of $75 recently, giving the company a valuation of more than $33 billion. So, to keep the individual share price from getting too daunting and out of whack with other private companies, Facebook is splitting its stock…again. There was a 4-for-1 split in 2006, another in 2007, and today, the company announced a 5-for-1 split. Major shareholders are advised to bring their own wheelbarrows.
