The price of Facebook shares continue to fall. It was listed at $38 (USD) a share and has now dropped to $18. Read this.
I believe that a fair price is $10, giving it a high multiple of 25 times of earnings. There is still some way to go down, but it can happen quite fast. It seemed to be a one way street now.
I hope that people will learn from the lesson of Facebook and know that this will also apply to other assets with inflated values - such as property prices in Singapore.
I believe that a fair price is $10, giving it a high multiple of 25 times of earnings. There is still some way to go down, but it can happen quite fast. It seemed to be a one way street now.
I hope that people will learn from the lesson of Facebook and know that this will also apply to other assets with inflated values - such as property prices in Singapore.
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