Linked by Howard Fosdick on Wed 5th Sep 2012 05:24 UTC
In the News Remember the dot com debacle of a decade ago? Well, it's back, this time in the form of Facebook. Since its high-profile public offering last May at over $38/share, FB is now down to about $18/share. Management is finding that running a public company is very different than one privately held, as people variously blame Mark Zuckerberg (or not), CFO David Ebersman, lead IPO underwriter Morgan Stanley, and even the NASDAQ stock exchange. The real problem, of course, is that Facebook went public even as its business model desperately searches for new revenues. Let's just hope they don't pull a Digg and fatally redesign the whole site in response.
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Did people really have faith in Facebook?
by tuaris on Wed 5th Sep 2012 21:41 UTC
tuaris
Member since:
2007-08-05

Anyone who invested in facebook thinking it was going to make them overnight millionaires deserves to suffer heavy losses.

It makes me wonder how anyone could think that facebook was worth something?

Facebook has and always will be useless, unless of course you are one of thousands of spammers owning the millions of fake accounts.

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