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Re:Facebook is not worth $33 billion by zacker on Thursday September 23, 2010 @12:22PM (#1720187)
Google IPO'd with a market cap around $23.1B which went up to $33B very quickly: http://www.google-ipo.com/

Google's revenue in 2004 was $3.1B: http://bit.ly/bOQZeZ

Facebook's revenue for 2010 is rumored between $1.2B and $2B: http://techcrunch.com/2010/03/03/facebook-revenue-2010/

VC investment rounds and secondary market transactions are probably not the best way to price a company, but they seem to be in the ballpark.

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