NASDAQ Stocks - Facebook Inc in MARKETS - CMP: $27
Facebook Inc. operates a social networking website. The Company's website allows people to communicate with their family, friends, ...
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06-07-2012 03:06 PM
Facebook Inc
CMP: $27
Facebook Inc. operates a social networking website. The Company's website allows people to communicate with their family, friends, and coworkers. Facebook develops technologies that facilitate the sharing of information, photographs, website links, and videos. Facebook users have the ability to share and restrict information based on their own specific criteria.
Facebook is definitely the most loved social networking website. Yes, the IPO was overpriced and yes there are challenges out there for Facebook to get through. But, i would expect them to get through for a company that was by far the fastest to get to a 100 Billion. Mark Zuckerberg is still young and has a good 20 years ahead of him to thrust the company forward. Its currently trading at a P/E of 70. As the earnings grow in years to come, P/E will normalize. Buy and be ready to accumulate on dips.
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