Hold up a bit more to buy. There's a new round of stockholders (some early employees) who will be allowed to sell, starting in November.
If ever a company needed to beat the earnings estimates, FB in October is the one. I expect maximum accounting shenanigans.
Facebook will go the way of myspace in another year or two, no one will remember it. I dont believe for one minute the number of users they say they have or the revenues they claim to have. Wait about a year or two ...or maybe less and you will see FB on the pink sheets if even still on the market at all. It's a failed business model with a clown running it.
don't they have something like 3/4 Billion users? let's say they only have 1/2 Billion; there must be Some potential for profits there do any here have Facebook accounts? I don't, but I know a few people who do, or did marc
I opened one recently to see what happened to all my college FSAE pals, where they ended up, etc. It seems a bit odd, laying your life out there for anyone to view (not everyone elects to keep their info private), having every comment and picture broadcasted to your own personal "network".