Why is no one talking about the huge cash position Facebook now enjoys. People are sniping about revenue streams etc; it would appear to me that the company has the cash position most would die for. Relax people the world is not falling. jmo
Yeah, large cash position. With Zuckerberg hiring like crazy all of these young "kids" with MBA's, the cash position will be sucked dry. The infrastructure is exploding, the revenue base is not. Over time, this POS will be exposed like the rest of them.
TEXTBOOK 101::: FB the most hyped, overvalued PIG EVER!!!!! $100B market cap, you can wipe your BUTT with this stock.
Facebook (Nasdaq: FB ) is taking this philosophy to a whole new level. The company raised $6.4 billion of cash after going public on Friday. Regulatory filings detailing its pro forma balance sheet shows Facebook now has $10.3 billion of total cash and cash equivalents. How does that stack up against Gates' principle? Accounting varies between companies, so it's hard to get an apples-to-apples comparison. But here goes: Facebook had total selling, general, and administrative expenses (SG&A) of $835 million in the 12 months ended March 31. With $10.3 billion of cash, that would pay its overhead expenses at headquarters for more than 12 years without a dime of revenue.