And what do YOU think about it?
I'm not one to usually share something from the Huffington Post as some of their content has been found to be questionable; but, this particular article about FaceBook being a passing fad was interesting - if the numbers are accurate.
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- 100 billion? Really? REALLY? This all has the feel of a classic Wall Street "pump and dump". As Rupert Murdoch found to his chagrin to the tune of a 500 million loss with his MySpace acquisition, a hot Internet property can lose its "X factor" once the suits move in and start overtly trying to monetize it. Do Frosted Flakes and Windex REALLY want to me to "like" them on Facebook? Facebook has already become something of an embarrassment to many of its users as well. Consider this: who REALLY wants a Facebook.com email address? Or even admit they spend as much time as they do on FB? Now consider who really wants a Gmail account connected to a G+ account connected to Google search functions connected to Blogger and other tools? And who admit they like to spend time in Google Hangouts listening and participating in discussions with interesting people on every topic under the Sun? And the way Plussers talk about their feelings about G+ is not mirrored in any way by FBers discussing their belief in their site. All of these things give one pause for thought before handing over one's money for FB stock.May 16, 2012
- Yeah, I don't know how they came up with $100 billion... and likesaid - #facebook is worth more than Ford? In what world?!?!
I thought that bubble already exploded.May 16, 2012
- The timing is ominous of the announcement by General Motors that it is suspending its Facebook ads because there was no evidence that anyone was clicking on the ads AND buying any of their vehicles. And this on the eve of the IPO...May 16, 2012
- I think thatbrings up pretty good points about FB and its IPO. When there is a pressure to perform from the bgi financial institutions the changes that will happen there will not be pleasant. Is FB worth 100 billion dollars? Not on valuation in a sane world. As it is, it is a speculative investment with fairly high risk being that the stock as an inherent high multiple. At the end of the day, FB is just a bulletin board system.May 16, 2012
- Hard truth all economical surveys point it out,the giant with some clay feet is fading out ( collapsing ).May 17, 2012
- That's righta pretty fancy bulletin boardMay 17, 2012