Is Facebook overvalued or do folks not understand the revenue potential of Social Media (Facebook specifically)?
Facebook shares dropped on Monday after financial weekly Barron’s questioned the social networking company’s value and priced its stock at just $15. Facebook’s shares slid 10 percent to $20.64 in mid-day trade on Nasdaq, about 46 percent off of its $38 IPO price in May. The decline shed most of its gains from the previous week, when shares were boosted by news that the company was testing a new mobile advertising network.