Wake up people, besides the Facebook $100 billion-plus stock valuation, the social media company claims it has over 900 million active users worldwide. But what is the real demographic of the 900 million users and how many user accounts are real? Facebook is social media data mining invasion crap.
facebook fails
This isn’t the first IPO that’s gotten a loads of attention, and it won’t be the last. In fact, the hype surrounding Facebook stock is overshadowing the entire IPO market, clouding the big picture, and perhaps, some worthwhile investments. One might ask is this deliberate? their are far better stocks that deserve investor attention. Facebook has no product to sell or trade does it? Maybe your private information? I am 100% sure that it states in the Facebook privacy agreement that they will own your data.
Lets look at what we are really doing or what is happening on Facebook people. We are voluntarily giving our private information out. Employers use Facebook to monitor employee activity by checking out their walls, checking out tagged photos etc. Then what about house break-ins? You check in on Facebook and they check in to your home and rob you whilst you out with friends at a movie or diner.
Facebook is big brother on another level people, and they claim they have 900 million users, I know for a fact that one IT company in India have over 250+ alias Facebook accounts. We are being sold sold a big story people but when you open the book their is nothing to read.
So why should you think twice about Facebook (Nasdaq: FB)? Let’s step back in time to the dotcom craze of the late 1990 s. You’ll remember it spawned a crazy feeding frenzy amongst investors chasing after internet IPOs on an almost daily basis. It wasn’t long before investors on Main Street took the bait after watching hordes of new college graduates in Silicon Valley become instant millionaires.
But as companies with unproven business models executed massive IPOs with sky-high prices, every day investors who succumbed to the siren call got clobbered loosing millions hand and over fist. Pets.com for instance, raised $82.5 million in an IPO in February 2000 before imploding nine months later leaving investors skimmed and then there was EToys.com stock that went from a high of $84 per share in 1999 to a low of just 9 cents per share in February 2001. In both these cases, small investors were left holding the bag. The point is IPOs have always been based on a high-risk, high-reward system but in a lot of cases of recent global financial worries we have witnessed high-risk and no rewards.
But at the end of the day Mark Zuckerberg has his money in the bank and his legacy is about as strong as his original business conduct all those years ago when Facebook was created. He had little regard for his partners or the people he pained all those years ago during the Facebook development stage.
Mark I do commend you on your creative efforts however I also commend the many investors even more for not getting caught up in all the over inflated hype of Facebook. You can’t polish a turd mate, Facebook is what it is! Investors should stay clear of it or at least do more research on why Facebook will fail to give them the returns it claims.
Facebook is a total invasion of privacy that we all stupidly agree to share or partake in.
Not even God can help us if we don’t all wake up and begin to realise that we are selling ourselves out, none of our lives are private anymore.
Paul Klerck
Australia