Facebook and Value


I created and published the cartoon above in May, just before Facebook went public at $38 per share.  Today the stock dropped to a new low of $18.14 (and even lower in after hours trading), a 52 percent fall-off in just a few weeks.  I don’t pretend to know where the stock is headed (and I have no interest in it and advise no clients with an interest in it), but the problems I highlighted then still exist (and more).  Facebook is hardly the “next Google.”


1 thought on “Facebook and Value

  1. Pingback: Earnings Report Translated | Above the Market

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s