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Thread: The Facebook plunge?

  1. #1

    Default The Facebook plunge?

    A bit of current events here and the state of the global economy.

    Has facebook made a mistake in making it's company tradeable?

    Considering the instablility of the market and the past trends of social networking the company takes a huge risk in going public. Are they integrated enough to take on something of this size?

    Many ventures on the internet have failed or become obsolete due to being trumped by better or more integrative ideas ie. Napster, Myspace, Limewire, and countless others. While most are still around they give way to more innovative ideas.

    The past successes are definately Google and Yahoo. They each provide a substantial tool for the internet user. Also ebay and Amazon. While I believe facebook has the edge in social networking, I wonder if it's too soon as the idea of networking has not "settled" into a forseeable market niche.

    Perhaps I am completely wrong as facebook is jumping on securing the social networking market of the internet. They may just be the market holder in this corner. They are certainly putting up the money to do so and risking it all here.

    Is this corner of the market still unstable? Or have they ultimately capitalized on a huge opportunity?

    Edit: Also is their product/service strong enough to survive the changing digital age?

  2. #2

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    I know I sure wouldn't buy stock in FB. I don't expect Facebook to go the way of MySpace, but you never know when a new FOTM could come along.

    Sent from my DROID RAZR using Tapatalk 2

  3. #3

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    Personally I never seen how facebook really makes money outside of facebook credits and ad's. The later of which I just block out. Not a great idea to invest in a company that you don't really know how they make their money/profits. Plus I never saw how facebook is worth over a billion dollars or how instagram or whatever facebook bought was worth a billion dollars either.







    Quote Originally Posted by Brickhouse View Post
    I know I sure wouldn't buy stock in FB. I don't expect Facebook to go the way of MySpace, but you never know when a new FOTM could come along.

    Sent from my DROID RAZR using Tapatalk 2
    Question what the is FOTM and did you really say FOTM talking into your phone, rather then just saying what you meant?

    Is the world so far gone that people are so lazy they can't even bother typing anymore let alone say full sentences? Take it away professor Farnsworth!


  4. #4

  5. #5

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    Quote Originally Posted by Fire2box View Post
    Personally I never seen how facebook really makes money outside of facebook credits and ad's.
    Really they don't, but they make so much money off ads and credits, they don't really need anything else. They are a self supportive advertisement themselves. Not to mention the kickbacks they get from all the game aps that don't use facebook credits. Zynga cough cough.

  6. #6

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    Quote Originally Posted by BabyArtie View Post
    FOTM = Flavour of the Month

    (I guess)

    Artie
    You guess correctly.



    Quote Originally Posted by Fire2box View Post
    Question what the is FOTM and did you really say FOTM talking into your phone, rather then just saying what you meant?

    Is the world so far gone that people are so lazy they can't even bother typing anymore let alone say full sentences? Take it away professor Farnsworth!
    See above. And no, I generally don't use text-to-speech on my phone. I'm not a big fan of on-screen QWERTY keyboards on cell phones, so to be honest, yes, I do cut corners whenever I can. If I don't, I usually end up typing stuff that looks like what you see on that Damn You Auto-Correct website.

  7. #7

    Default

    to be honest, i never saw that facebook had any worth or value. it's always looked to me to be hype.

  8. #8

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    Quote Originally Posted by Brickhouse View Post
    I know I sure wouldn't buy stock in FB. I don't expect Facebook to go the way of MySpace, but you never know when a new FOTM could come along.
    Google plus had its chance and failed quite spectacularly because of the poor way it was launched. Besides Facebook is now ingrained in society almost, millions and millions of us have an account and so many bands and companies have pages on it and so many websites (even porn for an unknown reason) have a Facebook like button on their page so for a new flavour of the month to come along and topple it would be pretty spectacular to say the least.

  9. #9

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    The only thing I hope doesn't happen is that Mark doesn't pull another Enron. My take is that he's young enough and quite possibly dumb enough to do it.

  10. #10

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    Quote Originally Posted by pajamakitten View Post
    Google plus had its chance and failed quite spectacularly because of the poor way it was launched. Besides Facebook is now ingrained in society almost, millions and millions of us have an account and so many bands and companies have pages on it and so many websites (even porn for an unknown reason) have a Facebook like button on their page so for a new flavour of the month to come along and topple it would be pretty spectacular to say the least.
    Facebook is at least stable enough that it won't happen overnight, but it's hard to say what could take hold later. It's funny how things go from just something for a few friends to share to being viral so quickly.

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