Could be a lot worst but right now the only thing keeping this from sinking to the 10's is HOPE. Too many fools bought in at $40 and are going to wait hoping this goes up and be sure that even if their quarterly comes out stinking like shit, the banks will try to positively spin it like they are doing okay, but once this starts sinking and the selloff happens see it go to single digits. I bet you right now Zukerberg is telling all of his jewfriends that sold for a billion of more on opening day to dump the money back to him so he can put in as profit for the first quarter.
The bottom line is not that Facebook is "worthless" as someone else posted... but it's not worth THAT MUCH.
It's worth 10 bucks a share... tops right now.
If it's revenue would take in twice as much, it would be worth 20 bucks and so on... Google's revenue is RIDICULOUS based upon ads alone... So yes, Google is worth a shit ton. They make over 100 times the revenue of Facebook, so that's worth 100 times more.
Actually, in thinking in those terms, Facebook is worth about 6 bucks a share.