Buying Facebook Is Like Buying a Lottery Ticket: Analyst

Thursday, 17 May 2012 | 5:30 AM ET

Max Wolff, senior analyst at GreenCrest Capital, told CNBC, "Facebook is very hard to value as it is a one of a kind asset. About two weeks ago this stopped being about valuation and equity market offering and it became a media and cultural phenomenon and in our experience it is very hard to value a media and cultural phenomenon."