Facebook is now the 5th most valuable internet property

Following the news that Microsoft was investing $240 million for a 1.6 percent stake in Facebook, the total value of Facebook can be determined. TechCrunch found that its current valuation, Facebook is the 5th most valuable U.S. internet company, below Amazon, and ahead of Barry Diller’s IAC and Salesforce and Monster. Facebook is extremely hot right now, but I wonder if the WSJ wasn’t right with Is Facebook the Geocities of today?

Facebook grew up on college campuses, but will users still find it as valuable when they move into their 30s with family and career demands. That’s the risk of the investment Microsoft is making.

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