FB at 44.00 per share and it hasnt even started to monetized Instagram... I upgrade FB to 88.00 pps in 12 months
Further, we continue to view Facebook as arguably the most under-levered name in the Internet sector – i.e. it’s the company that has pulled the least number of growth levers to date. One in particular that comes to mind is FB-owned Instagram, which now has 130MM MAUs, is growing faster than FB at similar scale, and is completely unmonetized.”
fb bought instagram because it was a mobile app that can be monetized. back then fb questioned its own ability to monetize mobile itself. fear overtook mark zuck. so he kinda overpaid for instagram back.
be realistic....now should they come out and say monetized instagram prior to earnings and opened china, well I think 60+ at earnings but don't think Zuck will say that prior to earnings, would be a nice pop tho.....