It turns out that it was, since Facebook values itself at somewhere around 3.7 billion dollars. We know this, because the Associated Press was able to retrieve some details from the transcript of a June court hearing held over a legal settlement between Facebook and ConnectU.
How the AP did that is interesting in itself; they copied and pasted the blacked-out portions of the document into another document. I'd be surprised, but here at Mashable we were also once able to retrieve information in a similar way, due to a sloppy conversion of a Joost-related Powerpoint presentation to a PDF document. It's hard to believe that things like this happen in multi-million dollar deals, but they obviously do.
The most interesting bit of information that AP was able to retrieve is Facebook's own assessment of its worth: $8.88 per share, which gives the company a market value of around $3.7 billion.