paidcontent: Appraisal Set Facebook Value At $3.7 Billion

"A Facebook appraisal discussed in court last summer put the value of the social network at $3.7 billion, a far cry from the $15 billion valuation based on Microsoft’s 2007 investment. The info comes from the Associated Press in a report that explains how it cracked the electronic versions of blacked-out court documents. According to AP, the appraisal, which was used to set the value of employee stock options, came up during a closed court hearing in a lawsuit by former classmates of Mark Zuckerberg’s who claimed he stole their idea."