LinkedIn Halo Effect? Facebook Shares Surge To New High In SharesPost

Facebook shares on private secondary markets like SecondMarket and SharesPost spiked briefly in March to $34 - an $85 billion valuation. But they settled down to around $31.50 after that and have mostly stayed around that level since then. But something caused the shares to surge past that old record to a solid $35 per share in this week's auction. Our guess is that newly public LinkedIn's somewhat impressive P/E ratio of 2,500 may have something to do with it. $35 per share values Facebook at roughly $87.5 billion. Which is a steal compared to the way the public markets are valuing LinkedIn.

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