Thanks to Facebook's (FB -4%) selloff, the price tag for the Instagram acquisition is now only...

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

Thanks to Facebook's (FB -4%) selloff, the price tag for the Instagram acquisition is now only $758M. But as for Facebook itself, its market cap is understated by most sites, which fail to use its fully diluted share count. After today's drop, Facebook is still worth $54.9B. Short selling has much to do with Facebook's decline - FactSet reports 13.4% of the company's float is now shorted. The shorts have their arguments: Facebook still trades at nearly 26x estimated 2013 EPS  (exc. cash). (earlier)