3 ms·
Probably for the best. FB just doesn't justify the $100 billion valuation so many people wanted. It does justify the valuation it has now though. A little cold
by staunch 14y ago
Probably for the best. FB just doesn't justify the $100 billion valuation so many people wanted. It does justify the valuation it has now though.
A little cold water getting splashed on Silicon Valley is just what the doctor ordered. The system is working.
- drgath 14y ago> It does justify the valuation it has now though. At $40bn, I dunno. FB's revenue & profits are pretty close to Yahoo's, whose market cap is at $20bn (though much of that is in assets). So, just guesstimating here, with no growth FB can probably justify a $15bn value. Anything on top of that is a bet that they'll find some other way to grow the company. Certainly possible.
- zeroonetwothree 14y agoDoesn't FB have like $15 billion in cash?
- mbesto 14y agohttp://finance.yahoo.com/q/ks?s=FB+Key+Statistics http://finance.yahoo.com/q/ks?s=FB+Key+Statistics $10.19B
- Jabbles 14y agoWhat proportion of that was raised by the IPO? I see 421 million shares @ $38 ~ $16 billion, but presumably some of those were investor stock, not company stock. http://en.wikipedia.org/wiki/Facebook_IPO http://en.wikipedia.org/wiki/Facebook_IPO
- quattrofan 14y agoNo it doesn't, between $5-10 share and it would be though.