Tag Archive: Facebook

A few thoughts on the Facebook IPO

Facebook. What a great way to waste ten minutes of your day. Turns out that it’s also a great way to waste money if you bought into the IPO with shares currently trading at $32 – 16% down on Friday’s launch price. Now there is investigations ongoing into alleged irregularities in the IPO and rumour that they are going to abandon the NASDAQ and move their listing to the NYSE. None of which gets away from the fact that the company is horribly over-valued. A quick look at the Wikipedia article on valuing a company suggests that there are many…
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