Barron's slams Facebook, stock plunges

24.09.2012

"What are the shares worth? Perhaps only $15," according to Barron's.

Ezra Gottheil, an analyst with Technology Business Research, said he wouldn't be surprised if the Barron's article was behind today's turbulence.

"I'm sure anything could spook the market. It's like a herd of elephants. Eek, a mouse!" he said. "I know there was a lot of hysteria when it went public. I think people bought in a fever, and are having regrets. But the regrets may be as outsized as the enthusiasm."

Sharon Gaudin covers the Internet and Web 2.0, emerging technologies, and desktop and laptop chips for Computerworld. Follow Sharon on Twitter at , on or subscribe to . Her email address is .

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