Facebook's Private Trades Revealed

 When Facebook first sold shares in April of 2008 on SecondMarket, a place where private trades take place, the company was valued at $8.1 billion, according to CNBC, which looked at the private market for Facebook stocks ahead of the company’s initial public offering on Friday. Facebook will start trading stocks on the open market at 11 a.m. Friday, 90 minutes after the New York Stock Exchange opens, and a share will be traded at $38, giving the company a $104 billion valuation. But SecondMarket trades showed that in April 2009, about a year after Facebook's private shares began trading, the valuations plunged to just $2.6 billion, with shares worth just a little more than a dollar.