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I have very little sympathy for those people that lost money on this stock. For months, there were articles about the overvaluation of FB ($100 billion number w
by macspoofing 14y ago
I have very little sympathy for those people that lost money on this stock. For months, there were articles about the overvaluation of FB ($100 billion number was thrown around quite often). Here in the office, we had discussions around that, and though everyone agreed FB is a valuable company, 100$ billion was an insane number, considering their revenues were more or less public for a while. And then the IPO happened, at 100$ billion and ... they dropped.
So, where's the surprise?!
- verelo 14y agoCompletely agree, the revenue figures just do not backup the valuation. Having said that, its getting close to a realistic number right now. Good company, great idea, amazing traction...just show better revenue and the valuation will follow. Good on them for having a successful IPO though, a lot of fuss has been made about it but i'm sure deep down inside they know they got the better end of the deal.
- ryguytilidie 14y agoAnd the crazy thing is that you certainly don't buy stock if you dont expect the value to rise. Did these people really think that we would decide fb is REALLY worth 200b they were going to 2x their investment? The opinions were either: way too high or ehhh, I guess it could be right. That doesn't make me feel like a stock is undervalued and I will make money from it. No idea what these people were doing beyond buying a ticket on the hype rollercoaster.