Registered: Mar 2007
08-04-12 04:03 PM
Quote from blackjack007:
FB isn't going to single digits pretty soon. their book value is over $7 per share ($13B in equity), virtually all as cash. Throw in a few years of projected earnings, and the floor on their stock is $10-12.
Read a balance sheet before you make silly predictions
Regardless, I think at this point Zynga should have the decency to rename Farmville Suckerberg. Both because of Facebook's IPO and theirs. Between the two of them a very large chunk of money went straight down a black hole.