Actually you are watching the market value facebook. When it stops free falling and levels off for three four days we might be getting close. Don't hold your breath. I wouldn't be surprised to see this thing in the teens in short order.
This was a good ost.
To claim that a medium of communication which has arguably changed the way people interact and work is a phony and meaningless is in itself quite foolish.
For better or worse FB is here to stay and its the 800 pound gorilla in the social media ring.
When they figure out how to monetize this thing correctly (not just ads and games) it will be formidable.
Make no mistake about that.
1/2 that number are idle/vacant accounts, and advertising rev is not stable..
second, facebook is a big fad like myspace and will probably stagnate or decline eventually.
not to mention the stock is 10x overvalued even assuming everythings peachy.