# Prof. Aswath Damodaran on Facebook's stock price

1 Faculty News August 22, 2012 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://video.cnbc.com/gallery/?video=3000110855&play=1) -- "My estimate of value for Facebook is $24. About $3 less than I estimated the value to be four months ago, at the time of the IPO. I did lower my revenue growth estimates… I did bring down my margins but I still think what made the company an attractive company six months ago, it's incredible potential and capacity to monetize that potential, is still there."

[Watch the video](http://video.cnbc.com/gallery/?video=3000110855&play=1)

Additional coverage appeared on another [CNBC](http://www.cnbc.com/id/48752941) piece.