[alex_marchant]

I think many people misinterpret the IPO crash. It's not that the market thinks Facebook is a weak company, or in a weak position. I don't think there are many financial analysts that would say Facebook as a business is on the decline (a la RIM). The return was simply not worth the price at the previous valuation.

[philwelch]

Agreed. It's bullish on Facebook to value it at half of, say, Amazon. It's absolutely ridiculous to value it equivalently to Amazon.