Quote:
Originally Posted by bronco67
Real quick, can someone tell me how the fuck Facebook is so highly valued?
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You got me, man. Stupid, greedy people maybe?
With a price to earnings ratio of 85 (the average forward PE of the S&P 500 is 12.8, going back to 1976), they better figure out a way to MULTIPLY their earnings in a hurry.
More likely, it's headed much further south.