Wednesday, February 1, 2012
Facebook IPO filing details...
Some details on the big one. The number that stuck out to me was that FB made $1 billion last year. That seems a lot, but remember that the company is being pegged at a valuation of $100 billion. That implies a trailing PE of 100. Ouch - that's a sky high valuation for a huge company.
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FB seems to be a good company as of now as Orkut looked once upon a time. It may happen that it continue to be at this level for longer duration but it is not certainly long tern affair to invest in it. Buy IPO and then keep on booking profits at shorter intervals. Dont think this issue as 5-10-15 years affair.
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