Originally Posted by
ebaines
So the big IPO of Facebook was yesterday, ajnd trading starts on the NASDAQ today. I'm curious whether people are going to buy or not? At $38/share that puts the company's valuation at $104 Billion, or over 100 times earnings. Will FB be able to sustain such a high valuation? I predict that the price will shoot up today as indivisduals jump in to buy a few shares just for fun, but in 3 months time the price will be below its initial offering price. What do you predict?