FB Off Almost 10% on Barron’s Negative Cover
Yes, it’s the Barron’s effect: Shares of Facebook (FB) are down $2.20, or 9.6%, at $20.66, after my colleague Andrew Bary penned this week’s Barron’s print magazine’s cover story, claiming Facebook shares are worth only $15 dollars. Andrew’s point is the stock is very expensive, and would be pricey even at $15, while the broad [...]
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