Tuesday, May 29, 2012

Facebook's Latest "Status Update" is Troubling

The Facebook IPO was much anticipated, but it seems that the original price was overinflated. The original price was $38, but now it has fallen below $30 for the first time. Its original valuation was $104 billion. By comparison, amazon.com is valued at $98 billion. I think that Facebook is a phenomenon for now, but in the future I predict it will fade away just like My Space. It does not have the long term staying power of a company like Apple or Google in my estimation. Could this be the beginning of the end for Facebook? Stay tuned. Read more here: http://www.therepublic.com/view/story/bbe2ef5cbf84400e85316a6408425755/US-TEC--Facebook-Stock/