Another 75% haircut- and it "begins" to approach fair value
900 million users? Beaaah-ha-ha-ha. People have 5 accounts each, accounts for their freaking dogs and cays. Worse, they still have NO CLUE how to "monetize" this diaper load. It's a DYING FAD- record numbers are closing accounts and staying off Faceplant for a plethora of reasons- privacy issues, they realize what a mass, stupid waste of time it is, etc. It will cease to exist in 3 yrs or less. SCAM of the past 100 yrs.
EXACTLY. And no one EVER will. The conundrum they face, is the very people dumb enough to live their pathetic lives on Facebook 1) HATE ads and 2) Largely have no money or disposable income anyways. It's business model that was DOA before they even started. It was the ole, "If we build it, they will come- and THEN, they "must" somehow spend money on "something", right?". THAT ain't a business plan, not by any stretch. Eyeballs have NEVER equaled money or profit- it's been proven about 10,000 times now in this stupid 2.0 world and "social media" world garbage.