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Facebook Valuation Reassessment Continues Apace

Posted By Barry Ritholtz On May 29, 2012 @ 3:30 pm In Investing,IPOs,Valuation | Comments Disabled

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The ongoing decline in Facebook stock is little more than a reassessment of the private market’s valuation — now recognized as somewhere between wildly optimistic and clinically insane.

Bloomberg [2] calls Facebook the “the worst-performing large initial public offering during the past decade” losing more than 20% in the 10 days since the IPO.

 


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URL to article: http://www.ritholtz.com/blog/2012/05/facebook-valuation-reassessment-continues-apace/

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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/05/FB-15-min-chart.png

[2] Bloomberg: http://www.bloomberg.com/news/2012-05-29/facebook-shares-slump-below-prior-low-of-30-94-a-week-after-ipo.html

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