Re: Shareholders Sue Facebook & Morgan Stanley-Stock Slumps
Another bubble. One could wonder where the common sense is?
They talk about a value of $100 billion.
Now, assume that Facebook does indeed make $2 billion in "earnings," as the Wall Street Journal estimated in May. At a buying price of $100 billion it would take 50 years (or maybe just 30 if growth remained brisk!) to get make your money back in cash.
Talking about a long term bad investment.
I just read that 83% of the Facebook users, don't look at the ad's. GM pulled out and more companies will follow, and use other media for their advertising, after hearing about this.
Another rich quick scheme by some US banks. These people can't even use a calculator.
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