Is Facebook listed on NASDAQ

Want to Buy Facebook? 20 Bucks And It's Yours

By Adrianne Jeffries / September 15, 2010 4:55 PM / 7 Comments

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A Swedish couple has built a platform for virtually trading 21 of the hottest companies on the Web, including google, Twitter, Foursquare, Amazon and and Groupon.

Gigapie launched today, with Facebook priced at 200 credits, or $20. Flickr is 100 credits. AOL is 110 credits. Prices are based on demand for the company and the amount of traffic it gets. You can cash out via PayPal once you earn 500 credits.

The site combines elements of stock trading, predictions-based trading and fantasy football. It could be an interesting and useful site if it had been executed differently, but I don't see it catching on in its current incarnation.

The way it works is simple. You're trading whole companies, not shares, and owners have to sell to anyone who wants to buy. The price goes up 10% every time someone buys a company. That means the value goes up a dollar with every transaction, threatening to drive prices up too high, too quickly.