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Facebook said this week that it expects to be valued at up to $96bn when it floats later this month.
That valuation for a company that made $205m of profits in the first quarter has prompted some to warn that investors are risking getting carried away with internet hype just as they did in the late 1990s.
However, Mr Buffett said: "It is not a bubble... this is not what we were seeing in late 1999 all the way into 2001. We aren't in any bubble phase of anything."
The Telegraph
Originally posted by Wrabbit2000
Well.. I'll tell ya, what Google IPO'ed at under $100. It flew by hundreds in a blink, crossed $600 in 2007 and is now sitting around $450.
If Buffet isn't going for the Facebook IPO, I guess he figures profit at this level is beneath him. Anyone who HAS the money to risk on the outside chance something goes horribly wrong..and doesn't try on this is crazy. Who cares for long term...but this IPO is vound to double/triple almost right away if past ones are anything to go by.
WHAT'S HAPPENING
President Barack Obama will hold a special "Facebook Live" townhall to connect with Americans across the country.
Originally posted by sonnny1
Maybe he knows something about the internet,that we don't know........
Originally posted by syrinx high priest
story just breaking that morgan stanley (lead underwriter of ipo)had a negative view of facebook and shared it with clients
ouch
Did Facebook Executives Privately Tell Institutional Investors to Lower Their Estimates on the IPO? Did Facebook Feed Inside Information to the Big Boys … While Leaving the Individual Investor In the Dark?