Facebook bubble bursting?

Facebook shares are sliding down in accelerating speed. Obviously investors decided not to wait 100 years to return back their investment. The real value of Facebook is no more than $5 billion - if calculated using real sales and profits. I.e. the true price of the shares must be about 20 times lower than that reached after the bombastic IPO. I think more than $2-3 per share is a waste of money :) In fact there is no advertising based business that can cost $100 billion. Facebook has a moderate advertising success and no other business model announced. So what to pay for...?

May 21st 2012

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