Alright, I confess : I watched CNBC-That-Wall-Street-Cheerleader-Channel for coverage of the Facebook open and for the close. The close turned out to be more exciting than the open. It would have been bad if the stock price had not stayed above its initial offering price of $38 on its very first day .. but then again, that $38 share price is stratospherically expensive.
Here are the rounded price-per-sales ratios for
Facebook Google Microsoft Apple
25 5 3.5 3.5
Yikes. So now the 8 year-old Facebook public company is worth $105 billion. CEO Mark Zuckerberg’s share of that is $19 billion.
