Friday, January 17, 2014
Facebook is Overvalued says Marc Faber
"It's to a large extent a fad," Marc Faber said. Most users put their pictures on Facebook, and the only people who look at these pictures are themselves, Faber says.
"They all want to be stars. It's a very distractive kind of occupation. I can't imagine that this would have a lot of value."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.