9:58 AM Facebook (FB -1.5%) underperforms after Barron's argues once again the social networking giant is overvalued. However, this time, they're suggesting a valuation of ~$25/share, whereas last September (when Facebook was near its lows), the paper argued $15/share. Slumping PC ad sales, heavy spending, ad quality issues, and a valuation of 50x 2013E EPS are some of its reasons. Whereas Google is trying to innovate, "Facebook seems more focused on barraging subscribers with ads to meet Street profit expectations," says Barron's. Mark Zuckerberg would likely beg to differ. Read comments
FB price at time of publication: $27.89. Check FB price now »
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Focus Articles on FB
- Is Facebook Worth The Price Of Admission? by Bill Maurer
- Is Facebook In Denial? by Stone Fox Capital
- Facebook: Following Bezos' Strategy To Sacrifice Short-Term Gain For Long-Term Potential by The Value Investor
Press Releases on FB
- Facebook Reports First Quarter 2013 Results (PR Newswire)
- Facebook to Announce First Quarter 2013 Results (PR Newswire)
- Susan Desmond-Hellmann Joins Facebook Board of Directors (PR Newswire)
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Transcripts on FB
- Facebook's CEO Discusses Q1 2013 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript
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