Google IPOed into a growing market. It is not clear how FB's market or ARPU will grow from here. They left negative money on the table at the table at the IPO.

Google IPOed into a growing market. It is not clear how FB's market or ARPU will grow from here. They left negative money on the table at the table at the IPO. Good for them, and probably good for their long-term prospects (big buffer), but from a retail investor perspective, the business has a lot of catching up to do to meet the market. I actually agree with the $10-15 conclusion right now, but the business has a chance to make up some of that gap before the share price goes there. Probably. (not invested, and happily so)