Both those stats SUCK!!!Anyone who bought at $38+ got ripped off. Wait until they get down to $20.00 a share before you buy. Look at Zygna, they were more than halved since IPO. Same thing will happen with FB.
Wait until earnings. The pps will be halved. They got no mobile presence at all. Nobody really reads the ads and nobody will read it on their phones for sure.
Morgan Stanley supported the stock at 38...at any other time that would be markey manipulation....in this case, the stock would have crumbled otherwise. I think FB is no better than a pink sheet stock...no more or less.
Google Finance shows P/E of 122.37See for yourself!!!http://www.google.com/finance?q=fb