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narcontis
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Even at $7 I think Facebook would be hugely overvalued. That would mean a market cap of around $15b for a co that made only $1b in profits last year. Just like AOL,fb is a fade, people get way to caught up in what is hot for the day instead of looking at the large picture. Technology and the way we use the internet is changing faster and fast; do you really think that in 15 yrs from now kids will be signing up for fb? No way imo, fb will be history and long forgotten just like another wall st darling in its day; AOL the fact that they did the IPO at valuation close to $100b is an insult to any sane rational investor. Even Google (which has 10 times the lasting potential into the future that fb does) went public well under $25b
