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Saft Says: Facebook an act of cynicism across the board

Tuesday, May 29, 2012 - 01:44

May 29 - Reuters Columnist James Saft says no one really has faith in Facebook's valuation which will need revenues of 50% per year for five years to be an expensive stock.

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I'm James after Reuters columnist. Facebook's like yeah started is circular -- Looks to be turning into a flat out massacre. Reports that everyone's doing the same thing the same. Investors. From Wall Street to main street and learn well the lesson of the last fifty years and six. There is gonna do well it might be in Las Vegas on matters might be in dotcom shares at -- incessantly. And when it -- the Smart way is getting an -- and then -- it ordered all those. Human beings -- grueling pattern. There a lot less at working out what happens when everybody. And does the same thing seems. The answer ladies and gentlemen. It was an act. Cynicism. -- the war. No one really has faith in valuation. -- revenue by 50% a year for five years to be inexpensive stock and there's no assurances that. As for Morgan Stanley in the other rumors. And double it so clearly they got their clients out -- -- What's less clear who's gonna be there and -- and yeah. It may be that this pattern of boom bust is reached in and -- Stock. It went parabolic. And when I am almost --

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Saft Says: Facebook an act of cynicism across the board

Tuesday, May 29, 2012 - 01:44