Still got a ways to go to be a reasonable value. When the financials were uncovered, a lot on the street said the stock should be in the $12 range. I don’t think that’s that far off. Especially when insiders get their opportunity to dump their shares.
It's not just financials. Facebook runs on advertising and became big on targeted advertising to the sheeple in the facebook universe. As more facebook users access via mobile devices the advertising is less effective due to small screen size. Thus facebook is less acceptable to advertisers and they will pay less to advertise
Mobile internet devices (iphones etc) are killing its business model.