Priced For Perfection—Facebook Proves This Time Is The Same But Worse

Facebook (FB) was priced for perfection. So it went down in flames last night—-shedding $130 billion of market cap after coughing-up some very un-fake news about its performance and outlook. We’ve been there before, of course, but last night’s faceplant is the all-time record by far—-and is more than reminiscent of the crash and burn of Intel and Microsoft at the […]
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