Facebook no longer '800-pound gorilla'

Quote of the day: 'I guess that the 800-pound gorilla has gone on a diet' says Scott Sweet, senior managing partner of research firm IPO Boutique.

by
Last Updated: 09 Oct 2013

Sweet bought Facebook shares on Friday, and says the massive share sell-off since renews questions about Facebook's lofty $93bn market capitalization. 

Source: Los Angeles Times

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Subscribe

Get your essential reading delivered. Subscribe to Management Today