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Re:Report: Facebook Revenue Was $777 Million In 2009, Net In... by grasshoper on Thursday January 06, 2011 @02:21AM (#2074446)
You're comparing their 2010 year-end valuation with their 2009 year-end net income...

In December 2009, Facebook repurchased shares at $25 for an implied valuation of $11 billion. That's a 55 P/E.

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