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LOL at the people that say it or the company will crash. While $38 was aggressive, FB isn't going anywhere.
In 2010 they had $2 billing EBITA and a $600 million profit (these numbers may be a little off, but close enough)
In 2011 that jumped to $3.7 billion and $1 billion in profits
So in one year they almost doubled their revenue and profit. Keep in mind, their user base was tapping out at that point. They got good at growing revenue and profit.
Their credits system also has nowhere to go but up. 2010 saw $106 million while 2011 jumped to $557 million.
Zuck knows he has to make mobile work. They've done zero to monetize mobile despite it becoming a huge part of their traffic. They will now focus on mobile ... and we all know how lucrative mobile can be.
You're supposed to invest in the stock market for long term. You cannot judge a company by what it stock does from day one to day two. The richest men in the world take long positions in everything for a reason.
There are plenty of investors that aren't sweating right now because they see long term value. The people that view the stock market as short-term gambling are the one's that are sweating.
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