FB will most likely be $32 by year end. $40 by end of 2014. Long term who knows. If they become the ad giant they want to be I see $100. If they lose momentum and make the wrong acquisitions they may also begin to decline in 2 yrs. I do like investing in companies who dominate their category and fb is dominant. Good luck.
Exactly. "High teens" were the one's who made Facebook what it was in the first place. Now it's mostly their parents and grandparents. Facebook is rapidly becoming the geriatric social network. I've fallen and can't get up.
The news a year ago was that Zucks was shouting over the phone at some weakling at Morgan Stanley to SELL more shares than planned. To remove or increase the electronic share quantity parameter. He wanted to sell as many shares at the upper bound that people were willing to buy. So, will Zucks retrace himself and move to reduce shares outstanding? Anyway, I think the guy that Zucks intimidated into increasing share supply was later fired for it.