Accounting & Investing Info for San Antonio A & M
Wed Feb 1, 2012
Mark Hulbert interviews a Finance Professor on IPO history discovering that Facebook may be priced at 40x what it should be.
TMP has already suggested that a Facebook IPO will likely be a socionomic top for the market run from March 2009; it looks even more that way now.
Note a student's post that many of his friends are using Facebook a good deal less.
It’s being called the biggest IPO of the year and I’m eager to see what actually comes about versus the speculation. Many are comparing this to Google and Apple but like one article I read, it stated my thoughts exactly, “The primary difference is that Google is a service, while Facebook is a vice. People go to Google when they need to. They go to Facebook when they want to.” I really think these three can not be categorized in the same category but who knows? Maybe FaceBook will be 3x more exepensive than Google once it goes public. I’ll wait and see.
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** UPDATE ** Facebook files for $5 billion IPO **
And it beat Google’s 1.67 Billion from 2004.
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Can enthusiasm for social media be waning, Daisy’s post prompts me to post the latest prices of recent social media companies in a new post, thanks Daisy!
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Professor Elam 
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