My disdain for Facebook’s valuation is (clearly) no longer an outlier perspective. When the cover of Barron’s declares FB to be worth “about $15,” it means that this has become fairly uncontroversial viewpoint.
5 Questions for Facebook Investors (January 12th, 2011)
Questions for Facebook IPO Investors (February 1st, 2012)
What Is Facebook Really Worth? (February 12th, 2012)
Less than meets the eye at Facebook (February 18th, 2012)
How Facebook Fucked Up Its Own IPO (May 22nd, 2012)
Still Too Pricey
Facebook has a business model in need of a radical change and a still-rich $61 billion market value. What’s not to “like”? Plenty.
Barron’s SEPTEMBER 22, 2012