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Facebook stock falls after Barron's says it's 'still too pricey'

Posted by fp on Sunday, September 30, 2012, In : Facebook Stock 
The Associated Press 
NEW YORK -- Facebook Inc.'s stock fell almost nine per cent Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.

Though Facebook's stock has plunged since its May IPO, Andrew Bary at Barron's said the stock trades at "high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows."

At issue is the shift of Facebook's massive user base to mo...


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