Facebook had updated their IPO price range from $28-$35 per share to $34-$38 per share.
Many articles out there had estimated the PE to be about 100x.
A quick comparison to the 2 most popular tech stocks:
1) Apple: PE (TTM) = 13.5x
2) Google: PE (TTM) = 18.5x
This makes facebook quick overpriced, given that it is still trying to monetize their business model. As stated in the earlier post, it only makes for speculative trading.
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