In three days of trading, Facebook's stock has dropped 18 percent from its $38 issue price...Oops?
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03-24-2014, 11:54 AM
Post: #3
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Anybody who used their heads and did a little research who've known facebook was overvalued and their advertising revenue is poor. Google profits are 5 times Facebooks per Dollar spend on shares.
The other thing is Facebook advertising produces poor results for advertisers, recently GM dropped $20 million dollars in marketing on Facebook stating "... Facebook dont give us any market impact ... ". I think Facebooks real value is about 40 billion dollars, the orginal $104 Billion valuation was always just fantasy. |
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In three days of trading, Facebook's stock has dropped 18 percent from its $38 issue price...Oops? - Pa - 03-24-2014, 11:41 AM
[] - Nigel Smith - 03-24-2014 11:54 AM
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