“Last week, I noted that most financial and market data sites are wrong about a key piece of information for Facebook: Its market capitalization,” Henry Blodgett writes today on Business Insider.
“These sites, which include Yahoo Finance and Google Finance, ignore the company’s outstanding “Restricted Stock Units,” stock options, and other share equivalents.
As a result, they’re showing market capitalizations for Facebook that are 10%-25% too low.
“In other words, Facebook is still valued far more highly by the market than most people think.
“In the prior post, I promised to dig up the details of how these market-data sites are undercounting Facebook’s fully diluted shares outstanding.
The rest of the article is here.
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