Will Facebook stock become a good stock?

[justme]

Facebook stock is grossly overpriced. When it was floated there were a lot of fudged figures set up to give the impression it was worth a lot more than it actually was. That is why the price plummeted after the float. It floated at $38 and is now at about $28. It will go up and down for a while as commercial investors juggle to make a profit or minimize their losses. Facebook has not yet paid a dividend, and there is no indication yet about when, how much, or even no dividend. there is not even an accurate report on actual income/expenditure to indicate true profit. It's current P/E ratio is hovering on about 100. Good stock should only be between 10 and 30. The latest farce with Instagram photos is an indication of how desperate Facebook is to improve their income flow.