I would like to believe that. It's a good story. It may turn out to be true. But something tells me Facebook's future remains no more guaranteed than it ever was. It's almost as easy to change apps as it would be to click from one Web site into another. Reputation still matters a great deal, and what was found can quickly be lost.
I still want to be from Missouri here. I still want to see Facebook's numbers at the end of this month. It's possible that, as
Techcrunch notes, the company's price is being held up by
As earnings hype rises, Facebook shares are selling at a PE near that of Amazon.com. I think Amazon is overpriced, too, but I trust its numbers and track record. Facebook's track record is very brief and very spotty by comparison.
So we'll see.At the time of publication the author had positions in AAPL and GOOG. Follow @DanaBlankenhorn This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV