Facebook is garbage just like MySpace was and look what has happened to that. Don't be bought into the hype of industry and stock analysts. Their job isn't always to provide impartial advice.
brotherhood of LAN
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.
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.
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.