Why Facebook Inc (FB) Could Be Trading Above $70 Within One Year

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Facebook Inc (NASDAQ:FB) is here to stay, and while the PE might be a bit scary, Mark Zuckerberg has set the company up for success by focusing on the right thing first – building the audience. Too many companies focus on profits first, and although profits are what all companies are in business for, profits should be the end result of a good plan focused on consumers externally, and operations and people internally.

I think that you will see Facebook continue to follow the path of LinkedIn, as shown in the chart below:



LNKD data by YCharts

The article Why Facebook Could Be Trading Above $70 Within One Year originally appeared on Fool.com and is written by Anthony Mitchell.

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