Why? Goog PE is 18. Aapl 13. Facebook... 122. 10-times fold!!

Don't get me wrong: Facebook is making profits, but the majority of stockholders will keep on looking at PE. Until it remains in such absurd range, you will keep on seeing it in red.

This stock belongs in less than 10 dollars space. Then when its get there at $6, buy it for a +$2 pop.

That P/E is especially worrying because of the scale FB already works in. They just don't have all that many people left to grow with, especially people that are in any way attractive to advertisers. The growth is going to have to be with better monitizing their existing users while trying to keep down expenses, not typical for a very high P/E company.