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Sunday, February 03, 2008

Comments

Scott Rafer

High valuations accrue to the scarcer commodities, in this case innovation and growth.

Alex Tolley

Maybe neither, with Facebook just being absurd.

There seems to be some evidence of "social networking" fatigue has set in. (Even my daughter has reduced her time playing with MySpace. Maybe it will all be seen a fad in hindsight.

Yahoo looks more solid - arbitrage long Yahoo, short Facebook, but even here, there may be less of value than the markets think. Just because they are cheaper than they were, doesn't mean that they are cheap on an absolute basis.

ashkan karbasfrooshan

Interesting observation, but there's a simple answer:

To a value investor, YHOO.

To a growth investor, FACE.

Ash

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