Facebook might only provide a Like button on its site, but that hasn’t stopped people from hating on the company in the last few days. There is much glee over the dismal performance of the stock which is now about $10 below its IPO price from a week ago. People mock or dismiss Facebook for a variety of reasons: They don’t like it when the user interface is changed without their consent. Some find the whole social networking business beneath their intellect. So on. Fine, you are pissed and you are happy the stock is tanking. I sympathise.
But, really, enough with the pointers to the stock performance as some sort of rational consequence or symptom of your diagnosis of Facebook’s failings. This is the same market that currently values Apple at a P/E of 13.58 while Amazon and LinkedIn hold such potential that they trade at a P/E of 176.85 and 626.77 respectively.
Really convincing, that market. You are sure you want to hitch your logic wagon to it?