The Atlantic Wire - It looks like Facebook's market valuation does have a limit after all. Early-stage investors and employees of the social network giant are trying to unload $1 billion of Facebook shares citing concerns that the site's growth can't keep up with its sky high valuations, Reuters reports. The news service cites five sources "with direct knowledge of the situation" who say the group had tried unloading its shares at a $90 billion valuation but there weren't any takers so they're now willing to settle for $70 billion. The article also gets some notable investors on the record saying the rising valuations have gotten out of hand. "At the current valuation where it is, it is really hard to justify the investment," says Sumeet Jain of CMEA Capital who passed on investing in Facebook. "It's hard to imagine it will turn into a $270 billion company in the next few years."
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