Facebook vs. Everyone
Posted by Michael Bradley, CFA on February 15, 2011 ·
As Facebook’s valuation continues to grow, the primary question dogging the media is whether the company justifies its currently $70 billion or so valuation. Part of the reason we think it does is because we expect it will steal a great deal of business from other firms that have been slow to innovate and may have lost their opportunity. Namely, Yahoo and Google.
