NEW YORK ( TheStreet) -- I ruffled some feathers recently when I suggested that the larger-than-life event known as the highly anticipated IPO of social media giant Facebook (FB) has been embroidered in hysteria and blown entirely out of proportion. As popular as Facebook has become, the exaggerated valuation defies logic.Indeed Facebook is a good idea with a concept that is unequivocally successful. But not only does it have no business being compared to names such as Apple (AAPL) and Google (GOOG), the company has yet to prove that it has a business -- at least one that is sustainable.
Facebook's 33% Chance of Success
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