Wow! so many FB pricing bashers! I hardly read any one speaking positively about FB pricing. Back in 2000 dotcom bubble everyone was throwing money on dotcom firms who had just A website. They never feared if they could ever make money. Does these folks know how to price or invest themselves ?.
We humans survived on planet earth because we socialize. If animals do same, dinosaurs could have ruled earth for ever and we may have not existed !
Facebook connected us virtually in all social networks. It is a evolution from physical social network to virtual social network.
It is not up to determine FB valuations merely on assets, profits. We NEED to give them time to grow!. They just came out as IPO!. Do you really want bash them and kill all of it, just because FB was not priced correctly ?. Paper valuations are merely artificial. How does it matter to us if it is 100B$ or 500B$ company?. Did we not learn our lessons from past?
Alas! thanks to fb, I can connect to all my family/friends since from childhood.
..and how much money have you spent on ads that originated on FaceBook? Ask your friends if they are buying products because of FaceBook. There answer will mostly be no. When advertisers figure out that this is hype, the ad placements and revenue will dry up.
Did first version of Google, Netflix, Amazon made any money. FB has many potential of making money not mere ads. Many apps can be developed using FB user base. Do n't forger Google makes ad's money through business not from user!. May be 10 years down the road FB has potential to give ID cards to all humans on earth! FB can play role in recording your history and information a
Social good doesn't make money. If that was their goal they shouldn't have gone public. Facebook took all of MySpace customers when they commercialized the site. What do you think will happen to FB now that profit and profitability are king?
Going public helps firm to build assets and grow faster. Every business needs time prove itself. If they successful they will grow, if not some other business will take over. Look into search engine, google was not the first one build it, there were many. And now Google is not JUST search company, they do many things. So does FB needs time to prove itself. Killing with slogans does not help, it will only help traders to make money.
Huh? Like FB is the first to do this social network thing? Ever heard of TheGlobe.com or Myspace?
The thing with FB is it was planned along to suck retail investors in to shake them loose from their $$. They knew that this time, they would just price any expected first day IPO appreciation into the stock price to start with and not ride the wave up. They got their money and you got an empty bag.
Did you not figure out how we advanced technologically to venture outer space. Did dinosaurs do it ? Did you ever visioned when next Astroid hit earth, humans could sit different plant?. You need learn to focus on building new technological advances. Unfortunately kids do not understand how evolution works!
With a phone you can also connect to your loved ones and friends. Also, with skype you can talk to them face to face for free. How does lurking on someone's page "connect" you to them? If you really cared about connecting to these people you would simply pick up a phone rather than adding them and occasionally checking their profile.
Think this way. You can post this message by calling 1000's of people with phone. Why are using yahoo finance? Because you can reach them quickly than spending months effort of time. Each technology has it own advancement over others, otherwise we may be still hunting for food like a "cave man"!.