Low Latency No. 24: Buyer's remorse
Has Facebook's valuation misled the masses?
(Credit:
Blake Stevenson)
We're no economists here at Low Latency (and quite frankly we don't really understand the stock market), but if we could afford to invest in Facebook we'd certainly be upset about its 18-percent drop on day one. It's been falling steadily for a few days and the talk of Facebook's valuation being totally out of whack is now commonplace.
How ironic is it that a site that lets people mislead others about who they really are has its own identity crisis on Wall Street?
Low Latency is a weekly comic on CNET's Crave blog written by CNET editor and podcast host Jeff Bakalar and illustrated by Blake Stevenson. Be sure to check Crave every Thursday at 8 a.m. PT for new panels! Want more? Here's every Low Latency comic so far.
