I'm Sick of Facebook - Real Time Insight
May 15 2012 - 7:19AM
Zacks
Facebook, Facebook, Facebook.
Are you as sick of hearing about the Facebook IPO
as me?
Breaking news: Zuckerberg wore a hoodie on the IPO
road show.
Can you believe it? What does this mean for the
company? What does this mean for the stock price? Let's analyze it,
shall we?
Yes, it's the biggest Internet IPO ever. I get it
that many people are eager to buy in. It's an exciting event. Good
for Facebook and all its employees. Silicon Valley has gotten its
mojo back.
Facebook has some impressive numbers. 900
million users are now on Facebook. They spend an average of 405
minutes a month on the site, the highest of all the social media
sites.
It is expected to raise about $12 billion on the
IPO.
But do I really need to see ANOTHER article about
how the Ferrari dealers in Silicon Valley have brought in extra
inventory in anticipation of all the new millionaires? Or how Menlo
Park and Palo Alto housing prices, which were already sky-high, are
soaring even higher from all the new money?
I can't wait for this week to be over so we can
talk about some other companies.
How's Apple looking lately?
APPLE INC (AAPL): Free Stock Analysis Report
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