Why be long a stock with a P/E over 1800 (would require 100 times the revenue to be reasonably priced) which is hemorrhaging users as the "cool crowd" abandons it in favor of their parents (anyone remember what happened to MySpace?).
Fortunately I was able to borrow some shares to short when the rest of the world figures out that Facebook is a company whose main product takes little support, little writing, little space, little bandwidth, and has potentially little profit. Or none at all.
Can't wait to see the next couple earnings reports.
Logical, if it had any, but since it has no real propriety tech, and building a new social networking site is just a startup away, I'd say given how long FarceBook has been around that it's just about reached the end of its service life. Social networks last around 7 years, and that's about it for FB.