Is Facebook overvalued at $50 billion?

ONLY the other week we were wondering if another dotcom bubble might be forming. Now, Goldman Sachs is investing hundreds of millions of dollars in Facebook, and inviting its clients to invest further sizeable sums, at a price implying that the unquoted social-media company is worth $50 billion. That would make the firm, just seven years old and employing only around 2,000 people, worth about the same as Boeing, a 95-year-old aircraft giant with 160,000 workers.

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