After a couple of weeks of trading, it's nice to sit down and work out how they are doing
The shares have taken quite a battering, and confidence is down.
There are 2.14 billion shares issued.
$38 per share, $81.32 billion market cap.
This was an incredible floation price, remember it is just a website people use for free, with advertisers try to target those people, and with Facebook every so often changing the privacy rules to try and make it more of a business proposition.
$27 per share, $57.58 billion market cap.
That is a loss of $23.74 billion, 30% of the flotation price. Maybe now things have found their true level, but I cannot see how this business can justify much more than a 10-20 billion value (and even that is pushing the imagination).
That would imply a share price of $9...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment