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.”
Above the Market 
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