Who says the financial markets are efficient?
Boosted by a
recent stock surge, Facebook's (NASDAQ:FB) market capitalization has overtaken that of General
Electric (NYSE:GE). The social network's 26% climb this
year has brought its market value to $275B, compared to GE's $273B. Some are
expressing concerns: GE racked up $149B in sales last year and employed more
than 300,000 people. Facebook reported $12.5B in sales and employed roughly
9,200.
Something is a bit haywire.
I mentioned Apple the other day, worth more than all the auto companies in the world? Well, minus a few, but you get the idea. Is this an indicator of some sort of calamity? Hell, I don't know, but it might mean that when investing your savings, keep your eyes open and your wits about you.
Oh, and by the way, doesn't "sez" make more sense than "says"?
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