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Lots of young people have decided Facebook isn't cool anymore, and they're abandoning it in droves.
And because young people are often a leading indicator of what mass market consumers will eventually do (they fueled the early growth of Facebook, for example), Facebook investors should take note...
One of the services kids are flocking to at Facebook's expense is the new mobile photo network Instagram... And Facebook owns Instagram.
If you follow the share price, your accusation of deliberate manipulation can work. Each disastrous slide in Facebook shares is precipitated by a short-term building up. It has all the hallmarks of big players trying to do a controlled exit from stock ownership. Build it up artificially and thus stimulate enough interest that people will buy your shares and try to slightly offset your losses with shortselling
Facebook still has a P/E ratio of over 70 which is ridiculously high.
[edited by: Leosghost at 10:16 am (utc) on Sep 25, 2012]
This has 2 implications:Expensive? I pay £10.50 per month for an Android phone on a contract with 100 minutes and 500Mb of data, more than enough for my requirements (being sat beside a land line and at a PC most of the day).
1) Ads use bandwidth and mobile bandwidth is expensive - the browser on my wife's new phone came with an ad-blocker installed and activated - out of the box.
2) People will quickly figure out which sites are "expensive" to visit and will simply not go there.
For Facebook haters, accept the reality that Facebook is nowthe booming network in in social media as well as effective too in online marketing world.
I can't believe there are so many intellegent people on this forum that don't have a clue, although, I understand why webmasters don't like Facebook.
Just bought more shares today @ 20.
And I watch tv to see comedies and documentaries yet I see ads that make me go and buy or influence me.