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by clarky07 3275 days ago
That's what everyone said about facebook, but it's up 4x since IPO, and 8x from the post IPO dip it had.
2 comments

Compare that to the first 5 years of Amazon post-IPO.
Saving everyone a Google search: AMZN opened at (split adjusted) $1.49. 5 years later it was at $19.47. Over that span, it maxed at $106.69 (Dec 1999).
it went from $2 to $16 (split adjusted). The real difference is that it was much much smaller at IPO, meaning it's pretty much impossible for FB to continue generating outsized returns whereas Amazon actually did much better from 5-10 or 10-15 than FB possibly could.
The exception that proves the rule, eh?