Jim Rogers: I Would Not Buy Facebook

Spring time is coming. Go out and plant a garden. You will get more out of it than Facebook!

I think Facebook has more downside than upside. While there are people who post their life on Facebook, I feel once the fad loses steam it will slowly slide. Facebook is becoming a hackers paradise, and once there's been a few major security breaches, I think people will be less likely to use.

"It's been demonstrated many, many times before that sellers are usually smarter than the buyers, and they usually know when the best time to sell is, and Facebook is doing it," he said.
Need I say more?

People are getting tired of Facebook. Its going the way of teenage girls and lonely losers.

Not only will Facebook stock be overpriced it will have nowhere to go but down! As more and more people realize what a sacrifice in personal privacy that it is, they will abandon Facebook! I and many of my relatives and quaintances have already done so!

Ever heard of MySpace? FB creates nothing, produces nothing, adds value to nothing. Its "value" is wholly derived from the fact that millions of people use it to socialize. Once they stop, there is nothing of value left. I've been a user of FB for about 3 years, but I'm already on the downside of my usage...I've already found all the ex-girlfriends I was looking for. Might be good for insiders and traders to create money out of thin air, but if you are a regular investor thinking about buying an holding you....will...lose.

Jim, just tell the truth. All IPO's are overpriced so that most favored clients at the brokerage houses can make their profit when the stock goes public. Stay away from IPO's, it is a fixed game.

I've been using Facebook less and less. Maybe boredom is starting to set in. It may be too early to tell, but Facebook could be a fad or might be rendered obsolete if something better comes along. Only time will tell. I wouldn't buy Facebook for a long term investment. For those who have the stomach for short-term swings and bounces, it may be perfect for them.

I wouldn't join Facebook. It is too open and no matter what you say, someone is monitoring it as you hear everyday about someone being looked into for what they put on Facebook. People joining Facebook are taking their own lives into their hands and telling people too many personal things. Facebook should be outlawed, not made into an IPO.

I looked at the 75 comments quickly. EVERY one of them is NEGATIVE on Facebook as a tool and also as stock. But how could that company be valued at $ 75 to 100 Billion? I am amazed at how some retail individual investors are taken to cleaners all the time. It may not be the same group, but enough new suckers seem to exist all the time. Internet infra co Cisco is barely valued at 100 B. Can you really even dare to compare FB and CSCO? Remember a lot companies were craze at one time last decade, which don't exist any more. They were valued based on the revenue and revenue growth without any concern for their profits (actually their losses). If FB disappears tomorrow who will notice and what will be the impact? I will say NONE.

I stopped using facebook when they asked me for my phone number. Actually, they locked me out cause I didn't give it.

There's no way I'd buy Facebook. I think it's a dying fad. Fewer and fewer people spend time on it or post. Eventually that will hurt its advertising "punch." They should have done this a year ago.

I love the internet as a tool but I'm very wary of it. For instance, I love youtube. It's great but I never agree to become "friends" with anyone. I don't provide any information whatever in my profile. I don't "share" anything with anyone whatsoever...........and I don't want to really to tell you the truth. I'll post sometimes on youtube about what happened in Egypt or if North Korea had a nuclear "test" or that type of thing. I'll give my opinion relative to some video on youtube. If someone posts on my post I'll sometimes have a brief internet "conversation" with them but I won't become "friends" or any of that stuff.............I notice Google is connected to alot of these things now. I notice they want certain information and so forth and so on. I'm not one of those who think the government is trying to monitor me {I get a kick out of all that garbage} but I don't like the fact that someone might be able to target my accounts via getting info from Google or Yahoo or Facebook or one of those sources. I don't do any business over the internet. You'll find very little information if you're looking...............I realize when you're young that you like to "share" things with others. Who your favorite football team is. Who your favorite band is. What color shoes you like. Whether you like Fords or Chevy's. That type of stuff, but as you get older all of that becomes less and less and less and less important. Be careful.

Listen to Rogers. He said short silver way back and I did. Great money. He said long silver and I am. Great money. Thank you Jim. You're a boss.

The privileged already have their positions and will sell as soon as you buy. I don't like or want Facebook or it's stock. I'm glad I never signed up. Except for it's value as an advertising medium, I see it as a destructive force created by a sneaky, thieving guy. I don't want any part of it. It reminds me of why I don't live in a small town.

I've said this since the beginning: Facebook is one of the worst things to happen to this world in the last 5 years. It serves no purpose and has been reducing our productivity significantly. The fact that they are valued at 100 billion is ridiculous, based solely off the amount of users it has. Nobody ever even looks at the ads, so I still don't understand by advertisers use it. Once people catch on, the company will tank. And guess what? Everyone will be better off than before. Nobody will suffer if this company goes under.

A financial Blackhole in eigteen months.

Gotta get that inflationary boom in before the election. End the Fed!

This man speaks the truth. Hope you all are listening.

right ... i wouldn't touch it with your money roflmao.