Comment Book value vs. Real Value (Score 2) 228
Aside from development I trade as a second-job.(I'd call it a hobby but hobbies cost money.) The net result of this valuation is marketing hype. Regardless who think what FB's eyeballs are worth, this is a point-in-time snapshot of FB's worth. Based on trading experience, if this was publicly traded right now I would be opening a vertical put spread.(i.e. be massively short) It feels and smells like an overrated athletic team.