Monthly Archives: May 2012

A company with declining earnings and slowing revenue growth sold a small portion of itself to the public today for $18 billion. The underwriters for the offering priced the company at about 100 times its last 12 months' earnings. By comparison, Apple and Oracle are selling at around 13 times earnings; industrial bellwether GE can be bought at about 16. If Facebook's earnings rise enough to result in a P/E ratio similar ...

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