Today's Above Avalon daily update includes the following stories:
FTC’s Lawsuit Against Facebook Thrown Out
Facebook Joins Trillion Dollar Club
Valuing the Giants on Free Cash Flow
We kick off today’s update with my thoughts on the Federal Trade Commission having its antitrust lawsuit against Facebook dismissed before any pretrial proceedings. The discussion goes over why I think the development is a big deal. We then look at Facebook becoming the newest member of the trillion dollar market cap club. The update concludes with an examination of free cash flow yields for the tech giants. We look at which giants are trading at a premium to the others.
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If it is of interest to Apple, it is something I pay attention to.
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