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Facebook Value Falls to $93 Billion in SharesPost Auction

Facebook Inc.’s implied value dropped 5 percent to about $93 billion in the auction of a fund that holds shares of the social-networking company’s stock.

The sale yesterday set a price of $40 apiece for 125,000 units of the fund, according to an e-mailed statement from SharesPost Inc., which managed the auction. A Feb. 14 fund auction valued Facebook at about $98 billion.