FACEPLANT

" . . . from the same people who brought us President Obama"

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.

 

Check out the share price of Google vs. Facebook at the original asking price;

 

• 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.

 

To the 20-something crowd it must have seemed like they were getting in on the ground floor. They got taken for a ride all right. Check out the P/E (price divided by earnings) ratio for both stocks at the same price levels:

 

• 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.

 

This is basic Investing 101. For the sin of failing to do their homework, the wet-behind-the-ears college kid crowd stuck us with President Obama. Nice going, dweebs. At least this time around the jokes on them.

 

 

For the record: I do not now, nor have I ever, "liked" anybody -or done anything else- on Facebook . . . STORMBRINGER SENDS