Investors seem to think so:
Zuckerberg Loses $3 Billion in a Week as Tech Titans Fall
Considering the Market Cap of Facebook is over $150 billion, it seems like a bit of an overreaction unless you think it's going to become a pattern for Facebook to fritter away its money on speculative acquisitions like this which may or may not pan out.
Is Wall Street telling Facebook they're being stupid?
The article does point out that Facebook wasn't the only tech company to lose ground this week: Google and Amazon were also down, and maker of Candy Crush had an underwhelming IPO. So maybe it's not all on this acquisition of the VR company, but probably much of it is.
FWIW, Nintendo tried something like this in the 1990s with out much success.
Zuckerberg Loses $3 Billion in a Week as Tech Titans Fall
Quote:
The world’s largest social network plummeted 11 percent after the company announced it would buy virtual-reality firm Oculus VR Inc. for at least $2 billion. |
Considering the Market Cap of Facebook is over $150 billion, it seems like a bit of an overreaction unless you think it's going to become a pattern for Facebook to fritter away its money on speculative acquisitions like this which may or may not pan out.
Is Wall Street telling Facebook they're being stupid?
The article does point out that Facebook wasn't the only tech company to lose ground this week: Google and Amazon were also down, and maker of Candy Crush had an underwhelming IPO. So maybe it's not all on this acquisition of the VR company, but probably much of it is.
FWIW, Nintendo tried something like this in the 1990s with out much success.
via JREF Forum http://ift.tt/1md8Fcl
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