The Moon Phase

[umiak]

i ask myself, ultimately what p/e will the market give for a lg advertising income based internet biz? yhoo= 17 p/e -- goog= 22 p/e
fb= 68 p/e ***yhoo and fb both have around 5B in revenue.

clearly the above only scratches the surface of the financials, however, we can begin to see an argument on the fundamental side for a lower pps on fb.