Damian Thompson writes today on the telegraph with data that appears to show that anyone who has bought into Goldman Sachs’ $50 billion valuation of Facebook, which is based on projections of revenue growth that seem ludicrously optimistic in the light of the data now available …
Here’s a chart showing year-on-year growth (again, click through). The overall picture could hardly be clearer: Facebook’s once phenomenal growth has pretty much stopped in Europe and America, and in France it’s now declining by 10 per cent year on year.
You can read the full article here.
Bottom line … right now looking at the data, I’d personally not be buying into the facebook bubble.