It was the best of times, it was the worst of times. All the initial rage to buy stock in Facebook to me was a sham. Cool stories I guess when certain people become billionaires. Nahh, not really. Who cares about Zuckerberg and the like becoming part of the 1%? I don't.
So the stock starts out at a certain level, then dies down very quickly. In fact aside from very big investment banks regular folks really didn't touch it like they had thought, driving the value down a bit. Buy low, sell high avoid the hype.
The hype. So some people think it is good to invest in Facebook. I really don't see how or why it is. I don't think Facebook is going away anytime soon. I think it is for the most part like a utility. Do utilities really make money? The top managers do, but its mostly run to keep operations going. I think Facebook is going to be, as it mostly is for a majority of people, part of who and what they are. I mean it is worth more than Government Motors, Ford, and McDonald's...so that worth just doesn't die away. That brand won't go away...unless of course they go to a subscription model and start charging people. Once they charge, I'm gone. I and you help them become rich with free content and they will charge? Crazy. Evil.
Not to mention if Facebook collapses I am sure the government will step in to bail them out. Their biggest investors are already the Wall Street tarp receivers. Anyways though, what is Facebook? What value does it really provide to people other than entertainment? Connectivity?....so what. Where are the widgets? Where are the cures for cancer? No we just have a giant centralized photo repository, and a place to make yourself seen. A place where you can be unique just like everyone else.
Facebook makes about $4 a person everyday. Google makes about $30. See the issue? Facebook has to expand and do something to generate revenue...and quick. Or that stock will crash further, despite the "success" of the company.
America Online, Shop America, Napster, Flickr, Myspace...alas we hardly knew ya. Will Facebook follow? It's up to you. If they charge, just say no. If they don't, then really who cares about them. They need us more than we need them. Start collecting your email addresses of your Facebook friends now.
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