Posted by Sharon, a resident of the Midtown neighborhood, on Jul 26, 2012 at 7:46 pm
The P/E for FB is grossly inflated-future earnings growth looks abysmal.
The Face Book quarterly results are very bad-but not surprising as FB has declining advertising revenues and their business model is predicted to fail in the mid-term.
The IPO made a lot of money for insiders but the regular investor was fooled and deceived about the state of FB future earning.
FB was a fad that is going out of fashion.
Another local company with abysmal results is Tesla-
-with declining sales and revenues it lost well over $100 million in the last quarter-much worse than the same period last year.
Posted by Mark, a resident of Another Palo Alto neighborhood, on Jul 26, 2012 at 8:14 pm
I'm 30 and my friends and I are getting bored with fb. It just doesn't hold our attention anymore. I just don't need to know that you are having a latte at Starbucks or need to see 20 pictures of your new baby boy every week.
Posted by musical, a resident of the Palo Verde neighborhood, on Jul 26, 2012 at 10:07 pm
My high school and college alumni groups are there, but groups tend to be dominated by a few individuals that can get tiresome after awhile (sort of like right here). I sign onto FB once a week or so, to see whether anyone new has turned up. But I've never posted anything on my page, even though fewer than a dozen "friends" can view it. Still, I think the company has a future. My investment money is mostly in oil, utilities and big pharma however.
Posted by TimH, a resident of the Old Palo Alto neighborhood, on Jul 27, 2012 at 11:09 am
I agree with Mark. FB is fast approaching "played" status, just like those before it. I dropped my account as the daily posts were just too boring to share and read. I give my friends and family credit for "not" trying to make their lives appear to be rich and famous, I suppose! :) Still, in the ranking of "time that you'll never get back", I think that FB has descended below television at this point. It has no depth of thought, so it was inevitable for its shallow goals to surface eventually.
Posted by Whatever happened to..., a resident of Another Palo Alto neighborhood, on Jul 27, 2012 at 11:31 am
Whatever happened to Myspace? Will that be the fate of Facebook?
Myspace leaders had the good sense to sell the company at the peak of its market value. But when going IPO, a company needs to have room for the stock price to grow.
Wait until 6 months after the IPO, when the insiders' lockups expire, and then see the stock drop like a rock. Time is a more important factor than price.
The fact is that Facebook waited too long to go IPO, botched the IPO process, and now will pay the price of those decisions. We'll see what happens when the people who joined Facebook expecting to make gobs of money will their stock options, leave for greener pastures. That's what happened over the years to Yahoo!, which will likely never again be worth what Microsoft offered to pay for it.
Posted by Phil, a resident of another community, on Jul 27, 2012 at 11:49 am
How does FB make money? I have never bought anything on the site and I've been a member for over two years. I've asked my co-workers if they had ever bought anything. All said no. Plus, they all said that there looking at the site less these adays.
Posted by Anon., a resident of the Crescent Park neighborhood, on Jul 27, 2012 at 2:42 pm
What we need is a Wiki-Directory that people can participate in to whatever extent they want, but everyone should have some online address where people can find them, there is no threat in that or invasion of privacy.
Facebook's whole reason for being is to shove crap in front of your eyes, to get in the way of what you want to see just to the point where you do not run away. Huffington Post is the same way. You click to read a story and you are subjected to more ads that you would be if you were listening to the radio or watching TV. The ads sucking up time are what ruin AM radio as a means for informing the public - the advertising model does not work as far as educating and informing peolpe - it just brainwashes them, until they realize they have had enough.
I like FB OK, but I rarely ever log into it and I have nothing on the page, just my picture so people who want to can find me. For that, for me, it works fine. I do think it will fade away at some point because the nature of the advertising model is that they need to become more and more intrusive and invasive in order to boost earnings.
At least You-Tube lets you skip ads after 4 seconds.
There is nothing worse than clicking on a video that is supposed to be a news story, then finding out there is an ad before it, and then it auto-plays ads and stories without end, and the ads are longer than the stories.
This is intolerable. We are turning our peolpe's brains into mush!
Posted by Sharon, a resident of the Midtown neighborhood, on Aug 2, 2012 at 9:13 pm
" Facebook's share price today hit an all time low of $19.82 which values the social networking giant at almost half its May initial offering price of $38.
The company’s stock dropped 88 cents on Thursday, dropping to its new low after the company posted disappointing earnings last week.
It also directly followed the revelation today there are now more than 83 million fake users on its social network.
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