Just two months ago Facebook was valued at $23 billion dollars by a private equity firm that was investing in the company. But now the social networking company is worth more like $33 billion, according to The Guardian. That number is based on the price that shares in Facebook, still privately held, are fetching between investors. The company is expected to go public sometime before 2012.
The most recent valuation does not factor in the decision by producers of The Social Network to keep bare breasts and cocaine in the film about Facebook founder Mark Zuckerberg’s college years. To quote the trailer: “A million dollars isn’t cool. You know what’s cool? A billion dollars.”
Earlier: The Facebook Effect on New York