Facebook Passes EBay In Value (EBAY)

Facebook has surpassed EBay EBAY in terms of value, and is now the number three web property in the U.S., according to an article from Bloomberg. Facebook's stock is trading above $16 per share on Second Market, which is an exchange that trades shares of privately listed companies. This values the company at $41 billion, which puts it behind only Amazon AMZN and Google GOOG among U.S. based-internet companies. Facebook is eventually going to go public, but speculation has run amuck on when that actually will happen. Some speculate it will happen as early as next year, while others believe it will not happen until 2012. Shares of EBAY are off 11 cents in early Monday trading to $30.03 on 5.6 million shares.