OK, This is what I noticed. People were saying that the market cap of Facebook was $100+ Billion. I just looked at the financials, and it was at $110Billion yesterday, but today, it says $51.6 Billion.
So, WHO'S LYING? I thought they calculated the market cap of $110 Billion wrong.
Now, the share price hasn't changed, the P/E ratio hasn't changed, the earnings per share hasn't changed.
What is going on here?
Personally, I don't think people should compare Facebook to Google, because Google+ is a new service that is like Facebook, but the rest of Google, which is where they make most of their revenue is a different business model. I think you should compare Facebook to MySpace (which isn't public), Twitter (which isn't public), Classmates (which charges for their service), MyLife (which charges for their service) and then you have these other social networks that actually charge money for their service like Linkedin.
Personally, I think Facebook is going to have to start charging for their service, get rid of the stupid advertisements that most people hate and rarely click on, other than accidental clicks, which probably how most of the clicks are generated. If Facebook charged for these accounts, we would see the REAL number of users.
FB is a total waste of time for most people. Lonely people and ugly people love that site though and I guess there are a lot of those kind of people around. But still, the service provide by FB is totally useless so if FB starts charging, you will see people leaving.