Thursday, May 24, 2012

More on Facebook

This is a long but interesting article on the story behind Facebook's IPO. His view is even more pessimistic than mine but the P/E analysis is quite interesting. Anyway, the stock is currently trading at $32 / share, almost 20% below the offer price.

FB may still surprise investors with a new source of explosive growth that nobody, but that is lot to count on to justify paying 60x multiples.

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