TheStreet – Facebook is in desperate need of a hedge fund spokesperson as the company’s shares remain mired well below a $100 billion valuation given to the social network in its May 2012 initial public offering.
For the ordinary investor, or even a burned buyer of Facebook’s IPO, the seeming lack of interest by big money investors is troubling. Buying among hedge funds in upcoming quarterly Securities and Exchange Commission filings or in large individual holdings, however, could be a sign Wall Street’s most influential investors finally see value in the billion-member social network’s shares.
