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Thanks. Should FB have to justify their pre-IPO valuation(s) or should that be the responsibility of the investment firms and individual investors who have set

• viscanti 15y ago
  FB doesn't need to justify their valuation. They didn't set it. It's unfortunate that it's so high. I think their valuation is a weight around their necks. They're expected to "figure it out", and eventually justify it, and it's a lot of extra noise they'd probably be better off without. What they're looking to do (and what they have the potential to do) is very ambitious. Extra expectations make it even more difficult.