Facebook passes $38 IPO price for first time since troubled initial public offering

  • Article by: BARBARA ORTUTAY , AP Technology Writer
  • Updated: July 31, 2013 - 4:30 PM

NEW YORK — Facebook has found redemption in the form of a soaring stock price.

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kleindropperJul. 31, 1312:11 PM

Facebooks PE is around 169 right now. If Apple had a comparable present p/e, it's stock price would be $6,700 (currentl $451). If Google had a comparable present p/e it would be at $5,800. Now ask yourself which of these companies has the most growth potential for the future.

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