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Buying Facebook Is Like Buying a Lottery Ticket: Analyst

Thu 17 May 12 | 05:30 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."
 
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