There will be 3 billion outstanding shares by the time December is over. So even if each dog, cat, car, and house that has a Facebook page generates $1 it is still only worth $3 per share. When was the last time you clicked on an ad or bought something on Facebook. Oh never! Me too!
A billion? NOT. At best 100 million regulars and then the people, cats, dogs and variety of FARM ANIMALS and DEAD PEOPLE who have 10 or more accounts each. I have a Faceplant account as a joke- EVERYTHING I signed up with is 100% a lie. I use a bogus yahoo email account created in about 10 seconds, my age is wrong, location wrong, all BOGUS. Just for the fun of looking at a few idiot pages of people I used to know. THAT "membership" I created is COUNTED as being of "value"- when in fact it is 100% WORTHLESS. There's millions just like me.
I mean why we are looking and giving more emphasis on the 1 billion users in which probably more than 30 % are fake, dead and repeated accounts. Why don we look at it as a company and how it is making money. There is no way and I don see any direction the company will be in profit any time in future. I don know what people see at Facebook that it will make money. It will continue to have loss in their income statement.
And I don know why people are paying so much for the company which can't make enough money or no money..at all
Foolish. A billion users, most that are not people nor have any money to buy anything. I go to Russia for the beautiful women, they all have a FB account and they all have no money. So advertisers are going to pay to advertise to a client base without disposable income?
Not to mention, FB users do not use FB to be bothered with ads or to do searches for shopping. It is a dying fad also. Younger people are beginning to turn away from FB.