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Based solely on P/E vs. "top tier" tech companies like Apple and Google (12-15 P/E), Facebook's stock should be $7-9 per share. But, there's companies like LinkedIn that have been trading at between 600-1000 P/E for over a year now. Amazon has had a P/E of over 100 for almost 10 years now. Way to early to start shorting it.
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