Quote:
Originally Posted by SayOw
It will be interesting to me, but not unexpected, when I read about Facebook going bankrupt sometime in the future...
I am still baffled about how these companies with close to no tangible assets can be worth much of anything...but it is only a matter of time before they truly aren't.
I see that Facebook has already dropped to around $31 a share and some banks have lowered their forecasts and think Facebook should be valued at less than $15 a share right now.
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Shares of Facebook fell to $19 - half of it's IPO.
Story here.