Wednesday, August 6, 2008

Facebook's Fire Sale

Facebook's Fire Sale: "Still, there are several reasons Facebook is probably worth less than the $15 billion trumpeted at the time of the Microsoft deal last year. For starters, the public equity markets have gotten crushed over the last year, driving down the value of companies from Google to Apple (AAPL). Skittish investors have also lost their appetite for IPOs, with only a few so far this year."

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