Rotem Guez
Power Member
- Jul 15, 2010
- 728
- 1,264
I hope its true, but i don't think it will happen so soon...
Facebook Going Going Gone
- Thread starter steelballs
- Start date
SavyCon
Regular Member
- Jun 25, 2012
- 271
- 88
I'm going to disagree with the common consensus in this thread and state that Facebook is only loosing value in it's shares due to the market demand of instantaneous or next quarter profit over long term viewpoints. I will point our users here: business insider slash facebook-stock-letter-shareholders , but in summary...
"
Simply put: we don't build services to make money; we make money to build better services. And we think this is a good way to build something.
[...] Facebook views its "business" as a way to fund its product. This is profound and important, especially for investors who believe that products are just tools with which to build businesses and generate cash for shareholders. I, personally—Henry Blodget—completely agree with Mark Zuckerberg here. I think most companies should be run the way Facebook is run, with the product being center stage and then equal consideration given to customers, shareholders, and employees. I think America and Americans would be much better off if companies were run this way, and I think we'd have companies with stronger, more defensible competitive positions. A lot of public-market shareholders do NOT think that way, however. They think management should always "maximize profits." Those investors obviously shouldn't buy Facebook.]
We don't want to go public. We're only going public because we have to. I understand that, by taking your money, I do owe you something. But I want to be very clear with you about what I think my obligation is.
We're going to stay aggressive. Sometimes we'll screw up. Then we'll iterate, learn, and move on. If you can't stand that heat, stay out of the kitchen."
"
Simply put: we don't build services to make money; we make money to build better services. And we think this is a good way to build something.
[...] Facebook views its "business" as a way to fund its product. This is profound and important, especially for investors who believe that products are just tools with which to build businesses and generate cash for shareholders. I, personally—Henry Blodget—completely agree with Mark Zuckerberg here. I think most companies should be run the way Facebook is run, with the product being center stage and then equal consideration given to customers, shareholders, and employees. I think America and Americans would be much better off if companies were run this way, and I think we'd have companies with stronger, more defensible competitive positions. A lot of public-market shareholders do NOT think that way, however. They think management should always "maximize profits." Those investors obviously shouldn't buy Facebook.]
We don't want to go public. We're only going public because we have to. I understand that, by taking your money, I do owe you something. But I want to be very clear with you about what I think my obligation is.
We're going to stay aggressive. Sometimes we'll screw up. Then we'll iterate, learn, and move on. If you can't stand that heat, stay out of the kitchen."
steelballs
BANNED
- Dec 5, 2008
- 1,831
- 4,585
Last year, Facebook reported $1 billion of net income. Let's say, for argument's sake, that Facebook deserves to trade for 14 times that much, or $14 billion, using the earnings multiple for a typical stock in the Standard & Poor's 500 Index as a guide.
That's less than one-third of the market capitalization now. And that may be generous, considering Facebook reported a net loss last quarter.
That's less than one-third of the market capitalization now. And that may be generous, considering Facebook reported a net loss last quarter.
ROTFL! I had a girlfriend like that, once. They don't teach "projection" in school, but they should. I once posted a song by The Proclaimers, "Irish Girls Are Pretty"... and holy smokes, you woulda thought I was out to do every one of my female friends that were Irish, as well as go back to my native land and find more, if my ex was correct in her thinking... all over a stupid song I like!
It was bizarre at the time, I can laugh about it now.
kvmcable
Supreme Member
- Dec 28, 2010
- 1,354
- 2,823
^^^^^This^^^^^
Talking to my 76 year old father the day after Father's Day this year and he let me know I was the only child that contacted him and wish him a happy Father's Day out of 5 of us children. As soon as I got off the phone with Dad I called all my brothers and sisters and asked wtf. You just take for granted our 76 year old father will be around for another Father's Day?
One brother apologized and got on the phone to Dad and did what was right. The other 3 said they wished Dad a happy Father's Day on FB and for me to mind my own business. Now understand my 76 year old Father can hardly turn on a computer and only logs into FB about once a month if he's lucky. I told my POS brothers and sisters to remember this BS when Dad is gone and you didn't take the time to visit or pick up the frickin phone to wish him a happy Father's Day.
Fuk FB and all the people that think it's a telephone or replacement to personal contact. Communicate with people you don't really give a shit about on FB but when it comes to family and real friends then pick up the phone, visit or go out to dinner once in a while. Nothing replaces personal dialog or people taking the time to call or visit. I hate FB and haven't been on there in 3 mos and hope I never log in again. I only keep an account to help Dad when he gets stuck and rings my phone asking me how to navigate that POS site. FB won't die fast enough for me.
Since FB the word "friend" has been diluted to mean nothing. A friend now is someone that wouldn't offer you a ride if your car broke down in the middle of a desert. People with a thousand "friends" that couldn't scrape together $10 between all of them if a guy was homeless and didn't have a dollar for food. That's what friend means today.
sorry for the fb rant - I hate that fukin site.
- Nov 3, 2011
- 2,122
- 463
I don't know you but you just made me respect you!
procam
Senior Member
- Jan 5, 2010
- 883
- 328
I agree man. I hope this becomes a reality soon. Facebook is getting boring anyway.
dvdgangster
Junior Member
- Oct 18, 2009
- 102
- 52
The pros are they could get access to the chinese market + Do something innovative on mobile
The cons are, its all ould ones on it, to a young person if your mother uses it, its shit!
The cons are, its all ould ones on it, to a young person if your mother uses it, its shit!
marvelnulo
Newbie
- Sep 10, 2012
- 15
- 1
buy low sell high
Nicely said, and I feel you. I just hope that eventually people will understand that and not get any worse..
worldismine
Regular Member
- Feb 25, 2009
- 411
- 311
That would work if all your friends and family lived within 5 miles from you. In the real world people you know scatter all around the globe and Facebook is a great way to keep in touch. People like to keep in touch via any means. It might not be facebook 10 years from now but people are social and social sites will ALWAYS be here.
thizzladen
Power Member
- Jul 11, 2009
- 765
- 671
Yeah, that is if your Facebook "friends" actually gave a fuck about what breakfast your eating enough for you to take a picture of it and upload it every morning. Maybe I'll try that, I'll target and add all the hungry kids in 3rd world countries, I'm sure I'll get a few "likes" out of that and increase the size of my e-penis.
HappyTrails
Newbie
- Jul 10, 2012
- 13
- 3
Once greed takes over, things usually crumble. To me FB could make it if they listen to the people who use it. dislike button please~