I shorted this with both hands. It's dropping on two upgrades. 277B inflated market cap. However I am looking to make even more on the side if one of you morons wants to bet $5k with me that this will collapse after earnings. Who is up for the challenge?
Market Cap is already $266B. So a tiny 8% increase in the price of the stock qould be equal to the entire market cap of twitter or $25 Billion. How much new business do you have to make to justify that. This is madness.
You are all saying it will go to $100. Let me put it this way. A 10% jump on the stock (to reach $100) represents a $25.3 Billion dollar addition to its market cap. More than the entire market cap of Twitter. This garbage is overvalued. How much business will facebook have to justify adding $25B to its valuation?. The answer is: A TON yet, this keeps going up as if it was a micro cap. Some people will be very sorry soon.