Why do people go long a stock with a dotcom multiple? Is it primarily mutual funds buying FB so they can stuff portfolios and capture fees?
I don't know but it looks strong given today's action. I'm wishing I bought early today. The gap down early was judged unwarranted.
So if everyone and their brother have a Facebook account (worldwide!!) and the greedy pigs are working every angle of profitability, why do fundamentals matter? Isn't the game market share anyways??? You guys are overthinking this one. Certainly it's as worthy a buy and hold as any....