Personally I'm GLAD Facebook floundered coz I'm sick of that annoying wet-behind-the-ears twerp Mark Zuckerberg with that idiot look on his face.
- Google went public back on August 25, 2004; a total of 19,605,052 shares were offered at a price of $85 per share.
- Facebook's initial public offering opened at $38 a share.
- At an offering price of $85 per share, Google was valued at $23 billion; a price-earnings ratio of 80.5, and a price-to-sales ratio of 8.5.
- At a $104 billion market value, Facebook debuted at a nosebleed P/E of 91.2, and 23.7 times sales.
For the record: I do not now, nor have I ever, "liked" anybody -or done anything else- on Facebook . . . STORMBRINGER SENDS