Facebook value slips in private trading

Filed under: AM Roundup |

Facebook’s implied value slipped about 5 percent to $98 billion in private trading, Bloomberg said.

Sharespost managed a  Feb. 14 auction of 200,000 fund units, each equivalent to one Facebook share, at a price of $42 apiece. Earlier auctions sold the fund units at $42 each.

Read more at Bloomberg.