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Facebook valued at $250 per share immediately after IPO would value them 800x earnings and $500B market cap (close to AAPL, 2x Wal-Mart,50% more than Exxon-Mobi
by theorique 14y ago
Facebook valued at $250 per share immediately after IPO would value them 800x earnings and $500B market cap (close to AAPL, 2x Wal-Mart,50% more than Exxon-Mobil).
In other words, total delusion on the part of anyone who thought that FB would pop 7x on the IPO.