brotherhood of LAN
msg:4479243 | 9:45 pm on Jul 26, 2012 (gmt 0) |
Had you bought any?
The shares are not garbage IMO. If they were a dollar a share then they'd be a buy in most people's book.
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ebound
msg:4479257 | 10:24 pm on Jul 26, 2012 (gmt 0) |
I'm a buyer at $6 / share. They still have much to prove as far as monetization goes. But a market cap of 60-100B based on potential value is too 1998 for me.
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Automotive site
msg:4479267 | 11:05 pm on Jul 26, 2012 (gmt 0) |
Facebook does not have a captive audience or userbase. Most are young with limited spending power, not to mention very fickle who will likely move on to the next big thing. Facebook hasn't proved a platform for serious advertisers and marketers because Facebook users are not looking to spend, as many users of search engines are. People go on Facebook to mess around with friends and upload photos and what have you.
They may have 900 million users (supposedly) now, but do not be surprised if that figure is a couple hundred million in 3/4 years and declining.
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Automotive site
msg:4479268 | 11:08 pm on Jul 26, 2012 (gmt 0) |
I don't own shares in Facebook, nor will I ever.
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Essex_boy
msg:4480709 | 9:26 pm on Jul 31, 2012 (gmt 0) |
Automotive, I think your spot on.
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