Facebook heading down the pan already....?

[John Ashtone]

As revenues are only $1,Billion at present and any one with a brain is finding it hard to see how they are going to substantially improve on that.

But what do the owners care, they have reamed the now shareholders of $16 Billion which might be worth $1.6 billion tops, and my joke price of $160 million is looking more and more a likely figure.

This would value the whole company at about $1 Billion, not a particularly big number in present terms.