np2003 - 7:09 pm on Jun 19, 2011 (gmt 0)
Does anybody notice in their FB feeds a few people send all the messages.. and most of the posts are really really "stupid". Guess the 80/20 rule applies here... 80% junk.. 20% useful.
Some overblown investor said Facebook is valued at $100 billion. Is it the year 2000 again? Take $100 billion valution, divide that by FB's 700 million accounts and you have $142 per account. Someone is smoking crack again?
From ads I've run on FB.. just like Google, I've found that most international traffic from countries like Indonesia, China to be junk (e.g. they don't ever spend a penny).. Investors are valuing every FB user $142.. this includes people in 3rd world countries where wages are $2-3 per day....
FB is going to be a pump and dump stock.. The investors have spent billions getting the traffic/user and they will soon dump their shares to pension funds, public state funds as soon as it goes public.
Then theres the case of fake accounts. There are heaps of FB marketers out there who have something like 10,000 fake FB accounts *each*.