More on Facebook: Henry Blodget points out that even if Facebook grows profits at a 50% clip in...

|About: Facebook (FB)|By:, SA News Editor

More on Facebook: Henry Blodget points out that even if Facebook grows profits at a 50% clip in 2012 and 2013 (could be tough given slowing growth and soaring capex), it will trade at over 40x 2013 EPS. Apple, by contrast, trades at 11x its expected 2013 EPS. Back in February, Michael Comeau noted how Google's multiples compressed in the years following its IPO. And Google was both growing faster and sporting lower multiples at the time of its IPO than Facebook currently is.