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>Aside from higher expenses and a lower operating margin, it’s hard to find a metric by which Facebook is worse off than it was a year ago. And yet we the marke
by tedsanders 13y ago
>Aside from higher expenses and a lower operating margin, it’s hard to find a metric by which Facebook is worse off than it was a year ago. And yet we the market public value the firm at $24 billion less than on its first day.
How is this surprising? Growth is always priced in. Stock prices move because expectations change, not because a company changes.
- rtpg 13y agoAlso, the simple point that it was simply grossly overvalued when it initially went out. It's probably stabilized at a "more reasonable" price.