News for hackers. Stuff that matters.
Re:FB down 8% at opening by dave1619 on Monday May 21, 2012 @11:33AM (#4003302)
You mean 1B in profit? FB makes 4b/yr in revenue and growing. It's just not growing fast enough to justify the market cap.
Re:FB down 8% at opening by duaneb on Tuesday May 22, 2012 @05:03AM (#4006974)
The market cap is for potential, not reality. It's a gamble, but IPO market caps are never about reality - they're always about getting money.