Why Facebook still doesn't look cheap
If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.
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#3 May 25, 2012
The investors warned them. Flat out.
Yet, Faceflop thought they were bigger.
Who will win? Clearly undetermined...
But if history plays a role in this equation, look up the dot com boom and let me know.
All companies that went bankrupt had identical business models at best.
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