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Only thing keeping this afloat are the underwriters at this point. This will go red next week. And I have the champagne ready once it does. Don’t get me wrong, I do not hate FB. I hate the hype, the overvalued price and the bubble this is causing. I use FB myself but clearly this is not worth so much money at all.
8 days ago on Tracking Facebook's first day of trading: a small rise, then a stumble 2 recommends
FB has the data of 900mil people. That is worth a lot as well. No 100B USD though. More like 10B.. This is one big bubble.
8 days ago on Tracking Facebook's first day of trading: a small rise, then a stumble 2 replies