Let me get this straight... We're supposed to believe that Facebook.. commanded by a CEO that has on multiple occasions stressed just how little of a flying rip he gives about people's security and privacy.. is going to successfully position itself as the new Paypal?? Facebook accounts get hacked left and right, day and night... Not much of a motivator to start entrusting your private information with FB, especially with identity and credit card fraud on the rise.... And from a marketing perspective, FB tends to have some of the worst conversion and click-through rates for campaigns... Ask any SEO expert... People don't go on Facebook to purchase, but to socialize.. that trend is concrete! If anyone drinks this kool-aid they don't deserve any sympathy when this stock crashes to $15... and then lower
Wall Street Journal 11/16/12 Facebook Clicks on Commerce
Go to Article for Full Article on Yahoo Finance.
It is also exciting to imagine the other opportunities Facebook may have after it captures credit-card information. For instance, thousands of websites and mobile apps allow users to log in with their Facebook user name and password. What if, in addition to "logging in with Facebook," sites allowed users to "pay with Facebook?"
Making transactions easier boosts volumes. It is why Amazon is so proud of its "1-click" ordering patent. As Facebook collects more credit-card numbers, might it be able to provide a similar service to partners on its platform?
Its potential to grease the wheels of e-commerce is another reason to be excited about the shares.
Here's the best part... I haven't even entered into my short position yet... The idiotic misplaced optimism surrounding this stock is absolutely astounding... so astounding that I expect you lunatic longs are going to bring this to $25 before the dark plunge.. before people realize that FB is a dying fad without any substantial strategies to raise enough revenue that comes even slightly close to justifying the insane 200+ p/e ratio you bandwagon chumps are accepting for this stock...
HA... Wasn't it Apple that WSJ essentially predicted bankruptcy for twice in different eras... How'd that divine wisdom work out? You just keep buying that FB and believing all the positive news about this dungpile and the #$%$ that don't have a clue about internet marketing and consumer preferences... It just gives me a better shorting price... See you at the bottom.. I'll be smiling