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(The Daily Beast) Obvious No rational person thinks Facebook is worth $100 billion. But then again, how many rational people are there left on Wall Street these days?   (thedailybeast.com) divider line 70
More: Obvious, Facebook, Wall Street, T. Rowe Price, secondary markets, IPO, Business Insiders  
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1210 clicks; posted to Business » on 01 Feb 2012 at 12:52 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2012-02-01 11:26:12 AM
I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.
 
2012-02-01 12:13:25 PM
I'm not buying in. If I'm wrong, it won't be the first or last time.
 
2012-02-01 12:59:51 PM
Gig103

I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

I still use it, but I have no identifiable pictures or information of me on it. Has it peaked, yes because literally the market is saturated with it.
When companies end their commercial with "join us on Facebook!" we have reached peak and that is why he is cashing out, it will no longer be in control of him.
I do like Windex glass cleaner but not enough to have my personality attached to their product for the benifit of advertising purposes.
 
2012-02-01 01:00:45 PM
Going to keep my eye open and consider a COTP. It'll be another one I probably buy and then dump pretty quickly before people realize it's over-valued.

/ owns a whole ~$20 worth of stock for fun now -- zynga
// outside of the 401k, that is.
 
2012-02-01 01:03:44 PM
Of course there will be a facebook killer someday. It might take another digital generation, though.

I'm getting tired of just seeing people share dumb pictures of their babies. It may be a ticking time bomb inherit to the system: when people get older the content they generate becomes less interesting. At least ordinary dolts; writers and people with successful blogs are more likely to be making good content, but that's not facebook content.

Think about it this way. Original facebook adopters are now having children. When those children reach adolescence, are they going to want to use the same social service their parents are?

The facebook IPO may go up for a bit, but it's eventual destination is myspace land.
 
2012-02-01 01:08:01 PM
I will never sell my Fark stock.
 
2012-02-01 01:09:34 PM
It's making money, and thanks to the government pouring money on banks there's a ton of capital chasing a few "safe" opportunities.

It's actually perfectly rational. What's farked up is a country that values capital more than labor.
 
2012-02-01 01:13:28 PM
Random Anonymous Blackmail: Gig103

I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

I still use it, but I have no identifiable pictures or information of me on it. Has it peaked, yes because literally the market is saturated with it.
When companies end their commercial with "join us on Facebook!" we have reached peak and that is why he is cashing out, it will no longer be in control of him.
I do like Windex glass cleaner but not enough to have my personality attached to their product for the benifit of advertising purposes.


Yeah I figured then it had run its course. Id say a good chunk of commercials and most TV shows have a FB page.
 
2012-02-01 01:13:32 PM
In before headless chicken board from SP
 
2012-02-01 01:17:11 PM
Gig103: I'm curious who here is using FB less and less?

I'm actually using it more and more. Among college graduates and ex-pats it's great. When the Sendai quake hit, the fastest way my friends & relatives in Japan were able to inform me how they were doing was by FB. George Takei's always posting funny shiat; even if some are old, reading his updates have become a daily ritual.
 
2012-02-01 01:20:16 PM
More then likely I'm wrong, but the way the IPO thing has been going, I don't think I'll be buying any Facebook shares.
 
2012-02-01 01:20:56 PM
dragonchild: Gig103: I'm curious who here is using FB less and less?

I'm actually using it more and more. Among college graduates and ex-pats it's great. When the Sendai quake hit, the fastest way my friends & relatives in Japan were able to inform me how they were doing was by FB. George Takei's always posting funny shiat; even if some are old, reading his updates have become a daily ritual.


So it's essentially Twitter now
 
2012-02-01 01:22:09 PM
My PSN trophies automatically post to my wall, that's about all the interaction I have with the site now.
 
2012-02-01 01:24:15 PM
You know how sometimes people claim that politicians have lost touch with mainstream America?

Investement bankers are way, way further away from anything resembling sanity.
 
2012-02-01 01:29:34 PM
If it's free, you are the product.

And you get none of the profit.
Fark facebook.

/It'll be funny when Sugarberg decides he wants to go stare at orchids for the rest of his life and sells exploitationbook to someone who doesn't give a fark about all that data getting lost or sold or resold.
//It's the final days of the internet wild west, kids. enjoy.
 
2012-02-01 01:33:41 PM
bhcompy: So it's essentially Twitter now

No, I can't keep up with that shiat. Among my peers, FB's structure improves the signal:noise.
 
2012-02-01 01:44:34 PM
BalugaJoe: I will never sell my Fark stock.

And I will never fark my sock.
 
2012-02-01 01:48:17 PM
No rational person thinks Facebook is worth $100 billion

I'm not sure... how much is Zynga worth? How much will Facebook be able to leech off Zynga with Facebook points over the next few years?

How much is Facebook worth based on last year's normalized income? $100 million? $1 Billion? Maybe $10 Billion?

I'm sure the underwriters know it's not worth more than $10 billion, but selling shiat for 10X the actual value is just SOP
 
2012-02-01 01:52:26 PM
Gig103: I'm curious who here is using FB less and less?

I'm definitely using it less these days and for multiple reasons. As someone stated earlier, Facebook is everywhere now, TV, radio, print ads. It's too much. Another thing though, it has had too many changes to the layout and added some features that are just news feed fillers that nobody gives a fark about.

/rant off
 
2012-02-01 01:59:49 PM
My husband was considering buying stock until I put the kibosh on it.

Although I use it, I just don't see the value. I remember the crash of the .Com bubble, which was basically a lot of great ideas with no real value.
 
2012-02-01 02:12:45 PM
Gig103: I'm curious who here is using FB less and less?

Me. Though I really never used it much to begin with at any time, I'm visiting it less than I have before. I think it started to go sour when some guy I haven't spoken to in 28 years contacted me about a year ago. (csb...) I thought he was just trying to reconnect and catch up on what we've been doing in our lives, but as it turns out, he was trying to get a $500 loan from me so he could "buy food". I told him if he lived near me, I'd invite him over to eat with my family, but that I wasn't going to send him any money for food. He got bitter and posted a message on my wall that said, "You have enough money to travel to Tokyo and Switzerland last year, I figured you'd at least be generous enough to take care of an old friend." He knew about my vacations because he was checking out my family photos. What a farking idiot. I never thought I'd ever resort to "unfriending" someone, but I didn't feel comfortable having him look at any of my pictures.

I'm beginning to think I'd be more comfortable just not having a FB profile.
 
2012-02-01 02:23:54 PM
I've had the experience of not being able to contact a company because I do not have a FB account. This was a agency that was touting web designers for hire. Really, you are on the web, but can only communicate with your potential customer base via FB? It took me less than a week to build a contact page (including the sendmail back-end) and it was the first web page I've even done.
 
2012-02-01 02:34:33 PM
I read somewhere the average user spends about 3 minutes on the site per visit. People who stay longer are playing games, and not necessarily paying for them.

I don't really see how this is an amazing marketing tool, which seems to be how they plan on making all their money. They have no content, and 99% of what your friends post is boring. You know it.
 
2012-02-01 02:41:21 PM
My company (a Cisco Gold Partner) brought in some farking jagoff from a company that wanted all the engineers to connect our personal profiles with the corp. He was trying to convince us and obviously had already convinced marketing that "social media is the only way business gets done now. nobody markets with just the web. CEO's are using Facebook to shop for services."

Many of us spoke up and called bullshiat. Me? I'm the bass player for a hip hop band that's pretty much been the house band for a low-key swingers club. I hang out with hippies and anarchists. I do Burning Man shiat. Do you really want my FB profile tied to the income of 300 people? The sales creep's answer was "I'll tell you like I told my 18 year old. If you don't want it on the internet, don't post it." Not even wanting to get into how farking stupid and insulting that last statement was, I walked out of the auditorium. I never have connected my FB to the company.

Fast forward several months to the Cisco Live convention in Las Vegas. One of our top engineers, long story short, had a farking temper tantrum and a blowup at our super cool company owner about not being allowed into a club because he got all mouthy with the door guy. He got mouthy with the door guy because one of the engineers with the group was wearing goddam flip flops to go to this company sponsored party and sit in the VIP bottle service area. So, my co-worker proceeds to FB a whole tyrade about how our company sucks and on and on. I wasn't there. I woke up the next morning to a pile of shiat on my FB wall. So did a lot of our customers, I'm sure since he was being a good boy by linking his profile to the company. He damn near lost his job over it and has since been pushed out.

Strangely, nobody has asked me since to attach myself to our corporate facebook shiat.
 
2012-02-01 02:48:44 PM
If FB is = x, then Fark = y. Nominate values for x and y and provide a rational justification.
 
2012-02-01 02:58:45 PM
HotWingConspiracy: I read somewhere the average user spends about 3 minutes on the site per visit. People who stay longer are playing games, and not necessarily paying for them.

I don't really see how this is an amazing marketing tool, which seems to be how they plan on making all their money. They have no content, and 99% of what your friends post is boring. You know it.


I teach in college and most of my students, the only site they visit is Facebook. If they only spend 3 mins an average visit, what are they doing with the rest? Maybe they're skyping, texting, or calling people. We have this amazing tool called the Internet and most people are just spending hundreds of dollars, thousands of dollars just doing the same crap we've done for decades:discussing the same stupid crap with their friends.
 
2012-02-01 03:09:32 PM
dragonchild: It's making money, and thanks to the government pouring money on banks there's a ton of capital chasing a few "safe" opportunities.

It's actually perfectly rational. What's farked up is a country that values capital more than labor.


Well capital is much better at bribing politicians and dominating the media discourse (by buying the news media if need be), so labor always is going to be at risk of being sidelined.
 
2012-02-01 03:10:44 PM
natazha: I've had the experience of not being able to contact a company because I do not have a FB account. This was a agency that was touting web designers for hire. Really, you are on the web, but can only communicate with your potential customer base via FB? It took me less than a week to build a contact page (including the sendmail back-end) and it was the first web page I've even done.

Jesus, I hate this. My cousin was travelling from Australia to visit me here in America. Sorta takes some logistics, ya know. But he only communicates via Facebook. Seriously, he ignores email. Only Facebook.

Complete nightmare, because I only have a Facebook account to look at photo albums people put behind the login and the like.

I barely know how to communicate with it.

Oh, and now that I started actual communications... out of the woodwork come my entire family asking to be friends.

And people I last communicated with in 8th grade.

Seriously? Yeah, we had some good times back in 1989 indeed. But I don't think we share a lot in common anymore.
 
2012-02-01 03:14:25 PM
angstycoder: / owns a whole ~$20 worth of stock for fun now -- zynga

How did you buy only $20 of stock? I wasn't aware Zynga sold it directly, which leaves things like oneshare.com or buying it from another trader, unless there's a broker online I'm unaware of with incredibly low or non-existent minimums...
 
2012-02-01 03:18:42 PM
socodog: My company (a Cisco Gold Partner) brought in some farking jagoff from a company that wanted all the engineers to connect our personal profiles with the corp. He was trying to convince us and obviously had already convinced marketing that "social media is the only way business gets done now. nobody markets with just the web. CEO's are using Facebook to shop for services."

Many of us spoke up and called bullshiat. Me? I'm the bass player for a hip hop band that's pretty much been the house band for a low-key swingers club. I hang out with hippies and anarchists. I do Burning Man shiat. Do you really want my FB profile tied to the income of 300 people? The sales creep's answer was "I'll tell you like I told my 18 year old. If you don't want it on the internet, don't post it." Not even wanting to get into how farking stupid and insulting that last statement was, I walked out of the auditorium. I never have connected my FB to the company.

Fast forward several months to the Cisco Live convention in Las Vegas. One of our top engineers, long story short, had a farking temper tantrum and a blowup at our super cool company owner about not being allowed into a club because he got all mouthy with the door guy. He got mouthy with the door guy because one of the engineers with the group was wearing goddam flip flops to go to this company sponsored party and sit in the VIP bottle service area. So, my co-worker proceeds to FB a whole tyrade about how our company sucks and on and on. I wasn't there. I woke up the next morning to a pile of shiat on my FB wall. So did a lot of our customers, I'm sure since he was being a good boy by linking his profile to the company. He damn near lost his job over it and has since been pushed out.

Strangely, nobody has asked me since to attach myself to our corporate facebook shiat.

The company I am currently with also wants to have all employees FB contact for all kinds of "Fun & Games". I know they have used it to fire at least 3 people for saying anti company things. One posted. " I had a shiatty day at work, stupid boss" along those lines.
When they asked me for my FB I replied. I dont have it and I doubt I ever will. They seemed shocked at that. One dick pretty much hinted at that if they found out I was lying I would be in trouble. What a load.
 
2012-02-01 03:20:32 PM
Gig103: I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

I use it less.

It has peaked, and become a personal echo chamber generator.

Ads are the last straw. If they appear in my news feed, I'm done.
 
2012-02-01 03:22:18 PM
Gig103: I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

From my personal experience (which is no way scientific) I use it a lot less than I did a year ago.
 
2012-02-01 03:30:06 PM
Splinshints: angstycoder: / owns a whole ~$20 worth of stock for fun now -- zynga

How did you buy only $20 of stock? I wasn't aware Zynga sold it directly, which leaves things like oneshare.com or buying it from another trader, unless there's a broker online I'm unaware of with incredibly low or non-existent minimums...


Charles Schwab brokerage account. It was $9.x a share when I bought 2 shares.
 
2012-02-01 03:38:14 PM
angstycoder: Splinshints: angstycoder: / owns a whole ~$20 worth of stock for fun now -- zynga

How did you buy only $20 of stock? I wasn't aware Zynga sold it directly, which leaves things like oneshare.com or buying it from another trader, unless there's a broker online I'm unaware of with incredibly low or non-existent minimums...

Charles Schwab brokerage account. It was $9.x a share when I bought 2 shares.


They have a $1000 min though. Kind of a bummer. Sometimes I just want to go buy a few shares of something but I need to make a large min deposit just to trade
 
2012-02-01 03:38:29 PM
FB is great for stalking people
 
2012-02-01 03:40:25 PM
socodog: My company (a Cisco Gold Partner) brought in some farking jagoff from a company that wanted all the engineers to connect our personal profiles with the corp. He was trying to convince us and obviously had already convinced marketing that "social media is the only way business gets done now. nobody markets with just the web. CEO's are using Facebook to shop for services."

Many of us spoke up and called bullshiat. Me? I'm the bass player for a hip hop band that's pretty much been the house band for a low-key swingers club. I hang out with hippies and anarchists. I do Burning Man shiat. Do you really want my FB profile tied to the income of 300 people? The sales creep's answer was "I'll tell you like I told my 18 year old. If you don't want it on the internet, don't post it." Not even wanting to get into how farking stupid and insulting that last statement was, I walked out of the auditorium. I never have connected my FB to the company.

Fast forward several months to the Cisco Live convention in Las Vegas. One of our top engineers, long story short, had a farking temper tantrum and a blowup at our super cool company owner about not being allowed into a club because he got all mouthy with the door guy. He got mouthy with the door guy because one of the engineers with the group was wearing goddam flip flops to go to this company sponsored party and sit in the VIP bottle service area. So, my co-worker proceeds to FB a whole tyrade about how our company sucks and on and on. I wasn't there. I woke up the next morning to a pile of shiat on my FB wall. So did a lot of our customers, I'm sure since he was being a good boy by linking his profile to the company. He damn near lost his job over it and has since been pushed out.

Strangely, nobody has asked me since to attach myself to our corporate facebook shiat.


Your band sounds tight.
 
2012-02-01 03:44:37 PM
No Facebook account. I have a Reddit account, though. Pretty cool, huh?
 
2012-02-01 03:52:55 PM
bhcompy: They have a $1000 min though. Kind of a bummer. Sometimes I just want to go buy a few shares of something but I need to make a large min deposit just to trade

Scottrade is only $500 to open the account. If that's still more than you're willing, there are other ways to invest in a company directly. Some companies offer direct stock purchase plans, although I don't know the details. Some companies also offer what are called DRIPs that allow you to invest in a company and then have dividends automatically reinvested when they're issued. It's a relatively maintenance free and easy way to get a portfolio started if you're unwilling to front the initial minimum to open a brokerage account or don't want to get too involved in selling/buying stocks directly.
 
2012-02-01 03:55:21 PM
meat0918: Gig103: I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

I use it less.

It has peaked, and become a personal echo chamber generator.

Ads are the last straw. If they appear in my news feed, I'm done.


I find that the 'smart' news feed does an awful job of trying to prioritize what I see and don't. Even if I go and mark friends as "all updates" I get way more of the Public Figures (George Takei, and the Carnival cruise director) than my friends. I also wonder if that means my friends aren't using FB as much any more either...

I loved it in college when it was about people, not ads, not games, not family.
 
2012-02-01 03:57:54 PM
Mawson of the Antarctic: HotWingConspiracy: I read somewhere the average user spends about 3 minutes on the site per visit. People who stay longer are playing games, and not necessarily paying for them.

I don't really see how this is an amazing marketing tool, which seems to be how they plan on making all their money. They have no content, and 99% of what your friends post is boring. You know it.

I teach in college and most of my students, the only site they visit is Facebook. If they only spend 3 mins an average visit, what are they doing with the rest? Maybe they're skyping, texting, or calling people. We have this amazing tool called the Internet and most people are just spending hundreds of dollars, thousands of dollars just doing the same crap we've done for decades:discussing the same stupid crap with their friends.


*shrug*

Nice anecdote, but it doesn't change their usage stats.
 
2012-02-01 04:09:18 PM
Gig103: I loved it in college when it was about people, not ads, not games, not family.

Interesting way to say it was about getting laid in college...
But yes, now that pretty girl you just met has pages of baby pictures instead of pages of beach/Halloween party pictures.
Frankly, I'm of the opinion that maturity is just awful.

/married, two kids...
 
2012-02-01 04:19:19 PM
HotWingConspiracy: Mawson of the Antarctic: HotWingConspiracy: I read somewhere the average user spends about 3 minutes on the site per visit. People who stay longer are playing games, and not necessarily paying for them.

I don't really see how this is an amazing marketing tool, which seems to be how they plan on making all their money. They have no content, and 99% of what your friends post is boring. You know it.

I teach in college and most of my students, the only site they visit is Facebook. If they only spend 3 mins an average visit, what are they doing with the rest? Maybe they're skyping, texting, or calling people. We have this amazing tool called the Internet and most people are just spending hundreds of dollars, thousands of dollars just doing the same crap we've done for decades:discussing the same stupid crap with their friends.

*shrug*

Nice anecdote, but it doesn't change their usage stats.


I know, I was kind of bummed out that the Internet is so underutilized by the so called "tech" generation.
 
2012-02-01 04:39:36 PM
I'm considering buying Facebook stock for the IPO. You can't really bet against Silicon Valley right now especially one who is a dropout at Harvard.
 
2012-02-01 05:09:48 PM
Funk Brothers: I'm considering buying Facebook stock for the IPO. You can't really bet against Silicon Valley right now especially one who is a dropout at Harvard.

Tell that to the people that bought BUYX and IPET
 
2012-02-01 05:27:48 PM
HotWingConspiracy: We have this amazing tool called the Internet and most people are just ... discussing the same stupid crap with their friends.

Million monkey with a million typewriters with networked screens.
Same crap, different millenium.
 
2012-02-01 06:00:46 PM
Lollipop165: My husband was considering buying stock until I put the kibosh on it.

Although I use it, I just don't see the value. I remember the crash of the .Com bubble, which was basically a lot of great ideas with no real value.


Facebook turns a good profit and also has an actual product. Not exactly the same as the dot com bubble.
 
2012-02-01 06:04:14 PM
I use Facebook way less. Can't be bothered to figure out how to prevent my work friends from seeing the crap I post to my real friends. It used to be only mutual friends could see stuff but now there is this timeline thing that seems to show everything you do? Rather than tweak my privacy settings its easier to just stop using the thing. I like the circles thing with google plus. I could see that working.
 
2012-02-01 06:07:36 PM
ilikestuff: I use Facebook way less. Can't be bothered to figure out how to prevent my work friends from seeing the crap I post to my real friends. It used to be only mutual friends could see stuff but now there is this timeline thing that seems to show everything you do? Rather than tweak my privacy settings its easier to just stop using the thing. I like the circles thing with google plus. I could see that working.

Full disclosure I own some GOOG and won't be buying FB.

/maybe I'll go play with the google plus account I created 6 months ago...
 
2012-02-01 06:19:35 PM
Gig103: I'll start the ball rolling here. I'm curious who here is using FB less and less? I feel like it's peak has come and gone, although maybe that's just a personal opinion.

I'm with you. Now it's just the self-involved people who seem to use it. I log on from time to time, post a picture I found on tumblr and call girls I went to high school with whores.
 
2012-02-01 07:00:25 PM
Status: Baitin, go away!
 
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