facebook is a cheap as chips, page-35

I think its over priced. Fair value IMO is about 20 bucks a share or a 50 bil market cap. I say that only because they should have about 23 odd bil in the bank from the IPO and previous deposits. How they use those funds will determine its future. Aside from the cash in the bank I see very little value in it as a business. Whereas they may have 800 mil users, google would have many billions of users to dump advertising on, so would ebay and amazon. If they use the money they wisely to purchase a genuine business I could see a future but if not I'd them a few years before going bust.