The Facebook-Apple Dynamic
The biggest benefactor of Facebook going public (outside of Facebook employees and early investors) is Apple (AAPL). I know Apple has loyalty and great products and innovation and growth and earnings and ... well you get the point. But the chatter about Apple's valuation has never been greater than when Facebook started floating the idea of a $100 billion valuation.
There sits Apple at the time with a paltry valuation just in the mid-$300 billion range. Apple is too cheap, it is just too cheap. There is no way Apple should be this cheap if Facebook is worth $100 billion. Apparently, there has been no truer statement uttered. George Washington, synonymous with telling the truth, can't measure up to that statement. Thank goodness he only cut down a cherry tree, for if it was an apple tree no doubt his place in history would be rather diminished by now....326 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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