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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JAlexoid
Member since:
2009-05-19

Well.... duh!!! Facebook's main goal is to collect user data.

Reply Parent Score: 2

UltraZelda64 Member since:
2006-12-05

Yes, but is that not one of Google's main goals as well? Google goes about it much better than Facebook. Facebook is just downright sleazy; they really don't give a damn whose hands their users' personal data comes into. They've been repeatedly making the news for their questionable tactics over the last several years for a reason.

Reply Parent Score: 2