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Resulting in another new low for the stock.
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Read more.Quote:
Resulting in another new low for the stock.
Gotta be the first to say that this must be the worst possible IPO ever...
From who's perspective? The target of an IPO is to raise the maximum amount of money for the company via the issue of shares. From that perspective Facebook was a massively successful IPO.
IMO facebook was exactly like Pets.com and the other launches around the early 2000s. Rubbish business model massively overvalued, but the latest super-hyped thing.
As soon as they try to charge money for their features, I reckon ~ 95% of users will leave and join the next 'big thing' and it'll go the way of MySpace etc. The only way they can grow their revenue stream is to datamine the huge amounts of private data they have or sell more (and presumably better) targeted advertising. Neither of those revenue streams support it's valuation IMO.
Facebook charges will become an actuallity you do not get nothing for free, Facebook i feel has been used for the sole interest of making money and not providing a service, how many ads have appeared on facebook over the last 6 mths since its been floated on the stockmarket....
We have been used as guinea pigs for the biggest scam ever to come yet...
But hey did i mention the word "SCAM" yes i did the scam part is you have uploaded all you personal details and photos then all of a sudden they want money of you for accessing this content unless you pay your photos and info are locked (Ransomed) until you pay the fee.....
There will always be the option to delete your profile, they won't spontaneously lock a billion accounts until you pay to get back in, and there will ALWAYS be a free feature-limited profile, no profile site has ever successfully gone 100% paid that I can think of.Quote:
Originally Posted by c12038
Can't see how they escape the downward spiral. In my third job during the existence of Facebook and at each site Facebook has been blocked to stop staff timewasting. So everyone goes mobile and everyone is dashing off to the bogs every 3 mins to update their profile. Trouble is no advertising on phones so how do FB make cash?
Personally I'm on a backlash against it. I used to pay for Spotify but the FB social integration push made me cancel as it was too invasive. Same for most other social integrated sites - it isn't a feature just an annoyance other than as an authentication mechanism to post feedback. Again don't see how FB makes money.
My endgame bet is MS buy FB and integrate it into Outlook.com and Skype to be the next-big-thing. You heard it here first folks.
Worst possible IPO in respect of it was a lovely cash making exercise but will end up costing them users in the millions...a nice loose description to keep up the debate there!