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And Now Facebook Is Only Twice The Price Of The Average Hot Tech Stock...

Business Insider
Wednesday, 8 August 2012

And Now Facebook Is Only Twice The Price Of The Average Hot Tech Stock...In case you needed further confirmation of how insensitive investors were to price when it came to getting in on the Facebook IPO...

Even after falling 45% from its IPO, Facebook stock is still trading at more than twice the price of the average hot tech stock on a price-earnings basis.

Specifically, at $21, Facebook is...
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