Facebook Inc.’s value topped Amazon.com Inc., leaving the social-networking company behind only Google Inc. among U.S. Internet companies.
Facebook is valued at $82.9 billion on secondary exchange SharesPost Inc. and has jumped by more than 40 percent since mid-December. Amazon shares dropped as much as 9.5 percent today after a disappointing sales forecast, pushing its stock market value down to $75.2 billion.
Facebook’s estimated worth surpassed that of EBay Inc., owner of the largest e-commerce market, late last year. It is still dwarfed by Google, the world’s biggest Internet search engine, which is worth $192 billion.
At $82.9 billion, Facebook’s value has jumped more than sevenfold since March, when SharesPost introduced its Venture- Backed Index, featuring seven companies. Facebook is over $77 billion more valuable than the second-biggest member, Zynga Game Network Inc., valued at $5.7 billion.
Still, Amazon is 17 times the size of Facebook in terms of revenue. With $34.2 billion in sales last year, Amazon trades for 2.2 times revenue. Facebook, said to have 2010 revenue of $2 billion, has a price-to-sales ratio of 41.5.
Amazon fell $14.85, or 8.1 percent, to $169.60 at 2:43 p.m. New York time, giving it a value of $76.5 billion.
