Facebook Still Seems to be in “Trouble” Stock-Wise.
Here’s an interesteing story…
New York – Facebook’s stock took a hit on Monday after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering.
Though Facebook’s stock has plunged since its May IPO, Andrew Bary at Barron’s said the stock trades at “high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows”.
Read More: Facebook Slammed as Stock Falls
by Sapa-AP