FB is now down to $32, giving it a market cap of around $68B according to the google finance numbers.
Good time to buy?
Also, valued only 6x higher than LNKD even though it has higher ratios, revenue, etc.
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I'm not touching FB till its $20.
I'll buy Facebook at $12 ... and that's just to cover the short.
Well guys, it will probably hit $20 by next week, so get ready to lose more money as it goes to $5. Let's all keep in mind earnings fell 12% last quarter. They just blew 1 billion dollars for an iPhone app. They are moving to mobile devices which will both cost money to develop and they will lose ad revenue. I honestly think the company is worthless.
Still looks better than LNKD, which has earnings of 16 cents a share but is trading at over $100..?
FB has earnings of 31 cents a share (double linkedin) and is trading at $30, which by comparison looks pretty solid.
Why people keep on insisting on looking at LinkedIn (still in middle of growth curve) on a P/E instead of a P/Sales is beyond me....social networks are inherently leverage-able and profitability scales. Since LI JUST became profitable, don't you think a better ratio to use would be Price to Revenue? If you look at that, FB is still trading at ~23x and LinkedIn is at ~16x.
So let me get this straight....a company that is in a very similar space to FB, but is more "professional" (more attractive to advertisers in long run), has a higher growth trajectory ahead of it AND sells their own premium services is trading at a huge discount to FB (even after FBs drop today and LNkD's rise)...I'll bet on LinkedIn to out perform FB all day here, even at these levels.
....just saying.
Disclosure: I'm Long LinkedIN, short FB until it hits high teens / low 20s...
Ever try to catch a falling knife?
Be my guest.
We gotta short Facebook til' Zuck's girl divorces him.
Let's team up and ruin him!!!
Bottles on me
I'm livin' life right now mane and this what i'm gon' do til it's ova
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