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Friday, February 28, 2014

Facebook poll resuts

Do you think Facebook is a good long term investment?

  8 (47%)
  9 (52%)

Wow, another split vote.  I am going to have to side with the no camp here for several reasons.  Zuckerberg stole the idea from the Winkelvoss twins.  Then he crapped all over his friend that put up the original money to start the company.  To me that shows very bad character is not somebody I would trust with my money.  All ad revenue based companies must keep growing their users.  Over time the users see the same old ads and click revenue declines.  That is why Google has expanded into other things like Android.  They basically got the majority of the search business and their revenue from ads flattened out.  The same thing is going to happen to Facebook if it has not already started.  The difference between the two companies is Google started looking for completely different sources of revenue and has not wildly over paid for new assets.  I believe Facebook's purchase of Whatsapp for $19 billion will one day be looked at as one of the stupidest things any CEO ever did. Most of the 450 million users either use Facebook already or at least know about it and choose not to use it.  My expectation is that Facebook will either fail or boot Zuckerberg out some day. 


1 comment:

Anonymous said...

Zuke will be booted out. justifiably so


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