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(NBC News)   Pace marketing professor to Mark Zuckerberg: Facebook's stock crisis is bad and you should feel bad. Zuckerberg: Lol I can't hear u over the sound of how awesome I am   (marketday.nbcnews.com ) divider line
    More: Obvious, Mark Zuckerberg, Facebook, Jim Cramer, market capitalization  
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8465 clicks; posted to Main » on 29 Aug 2012 at 2:09 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



110 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2012-08-29 12:30:02 PM  
"Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.
 
2012-08-29 12:30:23 PM  
Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.
 
2012-08-29 12:48:01 PM  
Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.
 
2012-08-29 12:57:44 PM  

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


Yep, he's just too damn young and inexperienced for something like this. In the beginning I guarantee you he thought he was the most badass young CEO out there and nothing could go wrong. Now that there are actual issues, he's running away because he has absolutely no clue how to handle a situation like this.
 
2012-08-29 01:24:54 PM  
FTFA: Facebook shares were trading at around $19 recently, about half their $38 price when they went public on May 18

I CALLED IT
 
2012-08-29 02:07:50 PM  

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


In other words, Zuckerberg is an incompetent CEO... and he's the only thing keeping the company from being crushed under the pressure to profit in the short-term.

/Facebook apologist
//still not ready to buy
 
2012-08-29 02:10:51 PM  
That's right, Pace University is in NEW YORK CITY!
 
2012-08-29 02:11:27 PM  
blog.bluewillowbookshop.com

now with pic
 
2012-08-29 02:12:39 PM  

DanZero: [blog.bluewillowbookshop.com image 480x360]

now with pic


Get a rope!
 
2012-08-29 02:13:10 PM  
Is Facebook still a thing? I assumed it was hanging out with MySpace by now.
 
2012-08-29 02:14:49 PM  
Shocking news everyone!!! Facebook blows.
 
2012-08-29 02:17:31 PM  
They really should have gone public sooner. It seems they only went public when they were already at their peak and in danger of getting Myspace'd.
 
2012-08-29 02:18:43 PM  

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.
 
2012-08-29 02:19:33 PM  

DanZero: That's right, Pace University is in NEW YORK CITY!


Came for this, satisfied
 
2012-08-29 02:21:31 PM  

Marcus Aurelius: Zuckerberg has iron hamfisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


Fixed that for ya. If you bought facebook share at all, you're a stupid person for not reading where they basically acknowledge that they will not be able to sustain their business.
 
2012-08-29 02:23:19 PM  

GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.



Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.
 
2012-08-29 02:24:14 PM  
Facebook is basically Tay Zonday.

Became very popular and exposed on the internet, but was a one trick pony that would never see any money for it.
 
2012-08-29 02:24:20 PM  
Facebook is the new Myspace

GriffXX: I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


When I found out it whats going public...The stupid friends that were dying to buy in, I told them 90 days the IPO would be cut in half. I think we all knew that was gonna happen.

/can't generate revenue for a billion dollar publicly traded company from Farmville and Mafia Wars apps.
 
2012-08-29 02:25:08 PM  
Hal Thompson approves this headline.

Where are your live chickens?
 
2012-08-29 02:25:59 PM  
""The wonderful thing about the stock market is, in the final analysis, the price of something tends to move toward its real value, so if there really is value in Facebook beyond its current price, the management team has failed to communicate that to investors effectively," Chiagouris added."


zuckerberg isnt an idiot. he developed hype, sold stocks at extremely high prices. he wins.

the fact that OTHER people are selling shares at half the original price is irrelevant. given that he created facebook and has been in the business for a while im sure he's well aware of the fundamental problems advertisers have with the facebook system. i dont think it IS fixable to become competitive with ads from google or amazon or whatever..... its a different system that just isnt as good, but zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.
 
2012-08-29 02:26:01 PM  
Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.
 
2012-08-29 02:26:23 PM  
I'm waiting for Zombo.com to go public. That will be one hot stock.
 
2012-08-29 02:27:02 PM  

HotWingConspiracy: Facebook Twitter is basically Tay Zonday.

Became very popular and exposed on the internet, but was a one trick pony that would never see any money for it.


There. I said it.

/not saying Twitter is bad
//but if you want to talk about an unsustainable business model, I still do not understand how they expect to make money
 
2012-08-29 02:27:27 PM  

bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.


Yea I am curious why it won't be around much longer either and how it's business model is not sustainable. I mean TV has pretty much the exact same business model (show people pictures of crap they might want to buy), and it has been around for 70+ years.
 
2012-08-29 02:28:09 PM  
Facebook is in crisis, and in a crisis a company's CEO should be front and center, acknowledging the key issues, apologizing to those affected and giving a commitment to not letting an incident happen again, said Larry Chiagouris, a marketing professor at Pace University's Lubin School of Business.

Correction, Facebook stock is in a crisis, Facebook as a thing is doing the same as it always has. You retards that thought Farmville requests and pictures of people's dinners was worth billions are the one with a crisis.
 
2012-08-29 02:29:43 PM  

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


I think this is the thread where we all talk about how we knew the price was going to plummet, yet failed to short the stock to make money.
 
2012-08-29 02:30:12 PM  

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


Well that 'kid' managed to score a billion dollars. How many of us can say that?
 
2012-08-29 02:30:26 PM  

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


In fairness, actual business experts are ragging on him. Just because he started it doesn't mean he knows how to run it.
 
2012-08-29 02:30:32 PM  
wow.zamimg.com
 
2012-08-29 02:31:54 PM  
Let me see if I understand:

1. Zuckerburg is an idiot.
2. The Wall Street masterminds that overpriced the stock of a company that does not have the revenue to justify the price. Instead they did the same thing as the dot.com boom and based the price on future profits for some crap that like. These guys are the geniuses.

I think they Wall Street goons are just upset they got stuck holding the bag instead of passing off to their sheep... er clients.
 
2012-08-29 02:31:55 PM  
why did i read that as Zoidberg TWICE
 
2012-08-29 02:32:10 PM  
I must be missing something. The company hasn't changed. The "problems" are not new. The only thing new is that some smart stock market types got everyone to pay WAY too much for the stock. Now that the booze/ honeymoon effect is over, people realize they got swindled by paying too much. Just another day on Wall Street. This is a manufactured problem and if people are calling for more Wall Street types to come in, they will only find ways to screw everyone worse.
 
2012-08-29 02:32:19 PM  

Genta: zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.


His shares are locked down until November. If you think he's about to sell out of his own company, I encourage you to short the stock immediately before his shares become available.

I think he's going to stay in.
 
2012-08-29 02:33:33 PM  

Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.
 
2012-08-29 02:34:35 PM  

xanadian: FTFA: Facebook shares were trading at around $19 recently, about half their $38 price when they went public on May 18

I CALLED IT


Yet, it's still overpriced. The IPO should've had a price of $12-15. Pricing it at $38 was a guaranteed money loss for everyone involved.

What is Facebook's revenue streams? Advertising and that's about it. And I don't know a single person who looks at Facebook ads.

The article is right- bring in someone who knows business to run the company and Zuck can just focus on the technology stuff. But I think it's too late for anyone who brought in at the IPO price to make a profit.
 
2012-08-29 02:37:18 PM  
Christ I'm so sick of hearing about facebook...it's never ending.
 
2012-08-29 02:39:29 PM  

JackieRabbit: Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.

And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.


Zuckerberg is just a greedy entitled assknob with computer skills who stole someone else's idea, marginally improved it, and then pushed everyone out, including his business guy.

I don't doubt he's smart and FB for now has pretty much superb market share, but yes eventually he'll get pushed out and replaced with someone who will totally ruin the company because the knowledge transfer won't happen like it should.
 
2012-08-29 02:40:05 PM  

JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.


It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century
 
2012-08-29 02:40:44 PM  
"[Facebook's stock price] will eventually get to a point where its valuation is unrealistic,"

Much like Earth will eventually get to orbit the sun.

/why oh why didn't I short this stock
 
2012-08-29 02:47:14 PM  

Flakeloaf: "[Facebook's stock price] will eventually get to a point where its valuation is unrealistic,"

Much like Earth will eventually get to orbit the sun.

/why oh why didn't I short this stock


same reason you didn't short MPPP back in 2001
 
2012-08-29 02:48:06 PM  

FishyFred: JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century


The difference between Gates, Jobs and Zuckerberg is simply this. Zuckerberg is enjoying his money. He is by far the smartest of the group, because he saw ahead of time that the business model was not sustainable.

MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

MS will still be around long after both of the other two are gone.

Facebook will not survive, and Zuckerberg farking well knew it when he went IPO. It was a cash grab and you are a fool if you didn't know it.
 
2012-08-29 02:49:13 PM  
Zuckerberg basically set himself up to not have to answer to wall street....that in and of itself should have been a giant red flag for IPO investors.

Idiot....no. Untrustworthy mega-douche....yes.
 
2012-08-29 02:51:58 PM  

Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.


You got exactly one out of three correct.
 
2012-08-29 02:54:57 PM  

Kahabut: FishyFred: JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century

The difference between Gates, Jobs and Zuckerberg is simply this. Zuckerberg is enjoying his money. He is by far the smartest of the group, because he saw ahead of time that the business model was not sustainable.

MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

MS will still be around long after both of the other two are gone.

Facebook will not survive, and Zuckerberg farking well knew it when he went IPO. It was a cash grab and you are a fool if you didn't know it.


FB has been so brutally datamined that I'm not seeing where it ould be worth more in the future. IMHO people that bought stock were just caught up in the frenzy.
 
2012-08-29 03:04:15 PM  

FinFangFark: Facebook is the new Myspace

GriffXX: I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.

When I found out it whats going public...The stupid friends that were dying to buy in, I told them 90 days the IPO would be cut in half. I think we all knew that was gonna happen.

/can't generate revenue for a billion dollar publicly traded company from Farmville and Mafia Wars apps.


You would be surprised.
 
2012-08-29 03:04:56 PM  
How many .Com fiascos does it take to teach investors?

/at least one more
//insanity is as insanity does, like partisans
 
2012-08-29 03:05:20 PM  
In other news, Jim Cramer still has a job.
 
2012-08-29 03:07:02 PM  

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


THIS. AND I love the "they ought to force him to resign" comment as though it were even possible.
 
2012-08-29 03:07:20 PM  
By the way, if anyone here is in marketing or advertising...kill yourself. Thank you.
-Bill Hicks
 
2012-08-29 03:09:36 PM  

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


He cashed out a billion on IPO day. The true kidiots are those who failed to see this and/or bought into his CIA induced scam.

A billion in a single day. Yet you, Mr. Genius are calling him out over his failure. LOL
 
2012-08-29 03:10:14 PM  
Allowing the owner of a company to cash in on 100 years worth of forecasted profits all at once with no real consequences is not a good idea? The DEVIL you say!
 
2012-08-29 03:10:25 PM  

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


Yup.
 
2012-08-29 03:10:50 PM  

mechgreg: bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.

Yea I am curious why it won't be around much longer either and how it's business model is not sustainable. I mean TV has pretty much the exact same business model (show people pictures of crap they might want to buy), and it has been around for 70+ years.


Remember when everyone was on AOL?

Have you ever seen a hot nightclub become uncool and go under?

Facebook might be popular now, but it isn't pulling in ad revenue.

It's just a matter of time before something more convenient comes along and everyone stops using Facebook.

Zuckerberg was smart to roll out the stock when he did. I think he knows the company is on the way down and calculated the move. Selling stock transfers the risk of the company's collapse from private owners to anyone foolish enough to buy the stock.
 
2012-08-29 03:11:41 PM  

Hack Patooey: Facebook is in crisis, and in a crisis a company's CEO should be front and center, acknowledging the key issues, apologizing to those affected and giving a commitment to not letting an incident happen again, said Larry Chiagouris, a marketing professor at Pace University's Lubin School of Business.

Correction, Facebook stock is in a crisis, Facebook as a thing is doing the same as it always has. You retards that thought Farmville requests and pictures of people's dinners was worth billions are the one with a crisis.


Funny how people can't discern the difference. I think the word coined to describe the event is known as Zuckerpunched.
 
2012-08-29 03:11:45 PM  
So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.
 
2012-08-29 03:15:35 PM  
I'm sure the Fark financial experts can provide better business decisions than the billionaire founder of one of the world's most visited websites.

I mean, how much does he really know? Most of us were struggling with minimum wage jobs at his age, so clearly HE'S the inexperienced idiot.
 
2012-08-29 03:15:55 PM  

CygnusDarius: So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.


Same thing that has been happening to it.
 
2012-08-29 03:19:44 PM  

Choadzilla: CygnusDarius: So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.

Same thing that has been happening to it.


I don't know what's worse: Personal data stored in a hard drive in a government building, or personal data stored in a company building.
 
2012-08-29 03:20:25 PM  

HotWingConspiracy: In fairness, actual business experts are ragging on him. Just because he started it doesn't mean he knows how to run it.


If they're assuming Zuckerberg actually gives a f*ck about running Facebook with the intent to maximize shareholder earnings, I'm not too impressed with their expertise on common sense.
 
2012-08-29 03:20:27 PM  
i.imgur.com
 
2012-08-29 03:20:45 PM  

Lundyn: Facebook. I'm so sick of hearing about Christ ...it's never ending.


FTFY
 
2012-08-29 03:20:58 PM  

bdub77: JackieRabbit: Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.

And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

Zuckerberg is just a greedy entitled assknob with computer skills who stole someone else's idea, marginally improved it, and then pushed everyone out, including his business guy.

I don't doubt he's smart and FB for now has pretty much superb market share, but yes eventually he'll get pushed out and replaced with someone who will totally ruin the company because the knowledge transfer won't happen like it should.


FB cannot make money, so its so it doesn't really have a market, much less a share in said market. In terms of advertising revenues, they are a drop in the bucket. This is their problem. Zuckerberg knew this and he and his investment bankers hyped his IPO to drive the price up. Now the locks on IPO share bought by institutional buyers are expiring, he has not given the investor community any reason to believe that his shares can possibly go up from their dismal and stagnant ~$19 price. Worse, FB user subscriptions may have been on the rise over the last year, but the number of people actually using the service is falling. This is a sign that the fad is coming to an end. Some new mobile SN service will send FB the way of Myspace and Yahoo. So those institutions are probably going to start dumping and that's going to drive the price through the floor. Now is the time for small investors to get out.
 
2012-08-29 03:23:10 PM  

Lundyn: Christ I'm so sick of hearing about facebook...it's never ending.


Click "Like" if you like this post.
 
2012-08-29 03:23:43 PM  

CygnusDarius: Choadzilla: CygnusDarius: So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.

Same thing that has been happening to it.

I don't know what's worse: Personal data stored in a hard drive in a government building, or personal data stored in a company building.


There's a difference?
 
2012-08-29 03:25:26 PM  

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


He seems to be more of a kidiot savant.
 
2012-08-29 03:26:43 PM  

Linkster: CygnusDarius: Choadzilla: CygnusDarius: So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.

Same thing that has been happening to it.

I don't know what's worse: Personal data stored in a hard drive in a government building, or personal data stored in a company building.

There's a difference?


Nicer buildings?.
 
2012-08-29 03:30:52 PM  

CygnusDarius: Linkster: CygnusDarius: Choadzilla: CygnusDarius: So, when (and if) Facebooks goes bankrupt, and needs to shut down, what will happen to all of that personal data?.

Same thing that has been happening to it.

I don't know what's worse: Personal data stored in a hard drive in a government building, or personal data stored in a company building.

There's a difference?

Nicer buildings?.


Plus if a private business mucks up, you can sue them, or at least have some kind of legal recourse.
 
2012-08-29 03:31:38 PM  
I can't believe people still think Zuckerberg and Morgan Stanley didn't know this was going to happen. Any person not blinded by love for the product could see the IPO was wildly overpriced. It was just robbing as much money as possible from "investors" in the initial offering. It's why Zuck sold over 1 billion dollars worth on the first day.....knew this was going to happen. He got over on the suckers that bought into the IPO just like he got over on those twins an and he isn't stepping aside for anyone.

Article on the subject

Link

I kind of admire him for his ruthlessness
 
2012-08-29 03:35:11 PM  

JackieRabbit: bdub77: JackieRabbit: Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.

And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

Zuckerberg is just a greedy entitled assknob with computer skills who stole someone else's idea, marginally improved it, and then pushed everyone out, including his business guy.

I don't doubt he's smart and FB for now has pretty much superb market share, but yes eventually he'll get pushed out and replaced with someone who will totally ruin the company because the knowledge transfer won't happen like it should.

FB cannot make money, so its so it doesn't really have a market, much less a share in said market. In terms of advertising revenues, they are a drop in the bucket. This is their problem. Zuckerberg knew this and he and his investment bankers hyped his IPO to drive the price up. Now the locks on IPO share bought by institutional buyers are expiring, he has not given the investor community any reason to believe that his shares can possibly go up from their dismal and stagnant ~$19 price. Worse, FB user subscriptions may have been on the rise over the last year, but the number of people actually using the service is falling. This is a sign that the fad is coming to an end. Some new mobile SN service will send FB the way of Myspace and Yahoo. So those institutions are probably going to start dumping and that's going to drive the price through the floor. Now is the time for small investors to get out.


Facebook does make money. It made something like a billion off revenues of about 4 billion. It's just not going to make as much money as people thought when they bought into the hype. Ad sales might suffer because of the clickthrough rate, but they still make money off of apps and ads there are other revenue streams.

That doesn't mean they will make money forever. Websites are fickle that way.
 
2012-08-29 03:35:12 PM  

desertgeek:
What is Facebook's revenue streams? Advertising and that's about it. And I don't know a single person who looks at Facebook ads.

The article is right- bring in someone who knows business to run the company and Zuck can just focus on the technology stuff. But I think it's too late for anyone who brought in at the IPO price to make a profit.


I think they are heading that way. Sponsored stories are getting more and more newsfeed posts - and THOSE will show on Facebook Mobile™. I think we're heading for a FB future where a good chunk of your "feed" will be sponsored posts. Unless you sign up for Facebook Gold™ ($4.95/$7.95 a month?), which will remove all but the Gold Sponsored Posts™ from appearing in your feed.

They tried reigning in the app developers (Hey, you can't have your own credit card processor anymore! You must use Facebook credits through us or we won't allow your app anymore) and it's obviously not enough (probably because most people do Free2Play as Free2Play.)
 
2012-08-29 03:35:30 PM  

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


And yet, he's rich beyond the dreams of avarice. That's all that matters.

He's demonstrating the "Fark you, I got mine" business (and political) acumen that's currently driving the country (into the ground.)
 
2012-08-29 03:37:34 PM  

scottydoesntknow: Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.

Yep, he's just too damn young and inexperienced for something like this. In the beginning I guarantee you he thought he was the most badass young CEO out there and nothing could go wrong. Now that there are actual issues, he's running away because he has absolutely no clue how to handle a situation like this.


He doesn't have to handle it. The whole thing could tank, as far as he's concerned, and he'd still never have to work a day in his life. Employees? Fark them. Investors? Fark them. He has what he wanted, and he did it while screwing so many folks all the way up, that I'm surprised he wasn't considered by the Republicans as a viable running mate for Romney.
 
2012-08-29 03:39:24 PM  

FormlessOne: scottydoesntknow: Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.

Yep, he's just too damn young and inexperienced for something like this. In the beginning I guarantee you he thought he was the most badass young CEO out there and nothing could go wrong. Now that there are actual issues, he's running away because he has absolutely no clue how to handle a situation like this.

He doesn't have to handle it. The whole thing could tank, as far as he's concerned, and he'd still never have to work a day in his life. Employees? Fark them. Investors? Fark them. He has what he wanted, and he did it while screwing so many folks all the way up, that I'm surprised he wasn't considered by the Republicans as a viable running mate for Romney.


You sound upset.

Did you get zuckered into buying Facebook stock?
 
2012-08-29 03:45:52 PM  

L.D. Ablo: Remember when everyone was on AOL?

Have you ever seen a hot nightclub become uncool and go under?


THIS.

I've been saying for the past 5 years that, like AOL and Myspace before it, the only reason people use Facebook is because everyone else does. The value of any communication product lies in it's ubiquity.
 
2012-08-29 03:47:59 PM  
A lot of the "shock and outrage" is caused by the fact that Facebook is his ant farm and is open about it.

FB was started out of spite and fueled by a huge ego. This guy never intended to provide people a quality product, nor did he intend to create jobs to help expand the economy. In all honesty, the guy probably expects every one to thank him for allowing them to play with his toys.

The "new" American Dream if you will.
 
2012-08-29 03:48:20 PM  
I'll say this like most other people have: Zuckerberg can't be sued directly, so his personal billions are protected. Why should a billionaire care if some company he's working for fails? Pride? He can just walk away, resign, whatever. The very definition of "Looking out for number one".
 
2012-08-29 03:50:58 PM  
Self important douchebag with "killer app" pulls money out of thin air and then people notice there's no product, take 93784658746.

By the way, Mark, here are the last three killer apps, in reverse order. Ready?

Distributed alternating current, linear print, the plow.

We're waiting, Mark.
 
2012-08-29 03:51:06 PM  

super_grass: FormlessOne: scottydoesntknow: Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.

Yep, he's just too damn young and inexperienced for something like this. In the beginning I guarantee you he thought he was the most badass young CEO out there and nothing could go wrong. Now that there are actual issues, he's running away because he has absolutely no clue how to handle a situation like this.

He doesn't have to handle it. The whole thing could tank, as far as he's concerned, and he'd still never have to work a day in his life. Employees? Fark them. Investors? Fark them. He has what he wanted, and he did it while screwing so many folks all the way up, that I'm surprised he wasn't considered by the Republicans as a viable running mate for Romney.

You sound upset.

Did you get zuckered into buying Facebook stock?


Not a share. He was a one-man bubble, and only flippers & morons bought into the investment pitch. Flippers made their money & ran, and morons held onto the stock thinking it was a long game. I'm neither, so, no, not a share.
 
2012-08-29 03:58:22 PM  

clyph: L.D. Ablo: Remember when everyone was on AOL?

Have you ever seen a hot nightclub become uncool and go under?

THIS.

I've been saying for the past 5 years that, like AOL and Myspace before it, the only reason people use Facebook is because everyone else does. The value of any communication product lies in it's ubiquity.


This. Everybody biatches about Facebook. About it's layout, about frequent changes, about bizarre design decisions.

Facebook continues to exist because of it's installed base. Not because it is any better.

Google+ has some really cool features. Circles and hangouts make a lot of sense. But there are virtual tumbleweeds rolling through Google+, so why bother.
 
2012-08-29 03:59:07 PM  
But it's still worth like a billion bitcoins.
 
2012-08-29 04:01:25 PM  

Linkster: Lundyn: Facebook. I'm so sick of hearing about Christ ...it's never ending.

FTFY


lulz
 
2012-08-29 04:14:47 PM  

FishyFred: Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

You got exactly one out of three correct.


Care to debate the subject... from what platform are you typing?

To be fair, I'm actually in the industry. Do you really think you know more than I do about it?

Show me.
 
2012-08-29 04:18:47 PM  

Kahabut: FishyFred: Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

You got exactly one out of three correct.

Care to debate the subject... from what platform are you typing?

To be fair, I'm actually in the industry. Do you really think you know more than I do about it?

Show me.


I'm in the snark industry so I know it when I see it, I have a friend in the ITG world as well if you would like to be introduced. Do you think you really know more about becoming a meme than Horowitz?
 
2012-08-29 04:20:11 PM  
Bought any FB lately? Barnum was right, there's a Zuckerberg every minute.
 
2012-08-29 04:24:54 PM  
When you build a business with the largest amount of customers on Earth, begin one of the richest people in the world, and can do whatever the fark you want for the rest of your life, I'm pretty sure you're entitled to ignore the poor $100k a year sap at Pace.
 
2012-08-29 04:38:41 PM  
Has anyone considered that perhaps it's not so much that Zuckerberg doesn't know how to manage Facebook but that he doesn't particularly care what the bean counters on wall street think?

He is one of the richest people in the world precisely because he didn't listen to wall street. He could have sold out at 10 million, 100 million, a billion. The smart money would have said take the money and run but he has always maintained that he is not worried about money. Some of the best, most sucessful, innovative companies have been run by people with the same attitude - steve jobs and apple and sergey brin and larry page of google come to mind.

On the flip side Myspace was destroyed when Rupert Murdoch bought it and began plastering it with ads to make money on his investment. If Zuckerberg listens to his critics and effectively turns control over to a bunch of MBAs I could see the exact same thing happening.

Despite all the howls from wall street Facebook has boatloads of money, plenty to pay it's bills for years to come, they have a massive user base and some of the most talented employees on the planet. There are lots of companies out there that would love to have Facebooks' problems. If they want to ignore their share price and focus on creating cool technology and great products for awhile then I say more power to them.
 
2012-08-29 04:38:58 PM  
I love the smell of butthurt in the morning.

It smells like
 
2012-08-29 04:59:37 PM  

Kahabut: FishyFred: Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

You got exactly one out of three correct.

Care to debate the subject... from what platform are you typing?

To be fair, I'm actually in the industry. Do you really think you know more than I do about it?

Show me.


I'm sure you know plenty and your assessment of Microsoft was the one you got right. But I suspect you can't see the forest for the trees if you are "actually in the industry" and don't understand Apple's appeal: They make devices for people who don't care how their stuff gets made or how it works. It just works, and they're willing to pay a premium to never have to worry about it.

And I suspect you don't get out much if you think Facebook has "shiat all." When was the last time you planned or attended a party less formal than a wedding? Gone to any local concerts or events recently? Where do you go when you need to send a message longer than 140 characters to several friends at once? If you're under 30, you went to Facebook.
 
2012-08-29 05:02:36 PM  

bunner: By the way, Mark, here are the last three killer apps, in reverse order. Ready?

Distributed alternating current, linear print, the plow.


A killer app is one which completely transforms society and forms the basis for further innovation. There are several more recent than AC power that satisfy that criteria: the transistor, electron beam lithography, powered heavier-than-air flight, refrigeration, radio, gene sequencing, to name just a few off the top of my head.
 
2012-08-29 05:07:48 PM  

clyph: bunner: By the way, Mark, here are the last three killer apps, in reverse order. Ready?

Distributed alternating current, linear print, the plow.

A killer app is one which completely transforms society and forms the basis for further innovation. There are several more recent than AC power that satisfy that criteria: the transistor, electron beam lithography, powered heavier-than-air flight, refrigeration, radio, gene sequencing, to name just a few off the top of my head.


Yeah, but most of those are things that *USE* distributed A/C. That was sort of my point. I suppose internal combustion engines should be on that list.
 
2012-08-29 05:31:00 PM  
"The company needs to make the investment community comfortable that it has people at the top that are serious and determined to make profits," the professor said.

He must mean, "the rest of the investment community," not the idiots who bought at $38.
 
2012-08-29 05:38:30 PM  

Genta: ""The wonderful thing about the stock market is, in the final analysis, the price of something tends to move toward its real value, so if there really is value in Facebook beyond its current price, the management team has failed to communicate that to investors effectively," Chiagouris added."


zuckerberg isnt an idiot. he developed hype, sold stocks at extremely high prices. he wins.

the fact that OTHER people are selling shares at half the original price is irrelevant. given that he created facebook and has been in the business for a while im sure he's well aware of the fundamental problems advertisers have with the facebook system. i dont think it IS fixable to become competitive with ads from google or amazon or whatever..... its a different system that just isnt as good, but zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.


This. Zuck played his hand perfectly, IMHO.
 
2012-08-29 06:16:01 PM  

super_grass: I'm sure the Fark financial experts can provide better business decisions than the billionaire founder of one of the world's most visited websites.

I mean, how much does he really know? Most of us were struggling with minimum wage jobs at his age, so clearly HE'S the inexperienced idiot.


Zuckerberg's a Jew who got his early money from a ridiculously rich Brazilian Jew who himself was used to a system which didn't have half the regulations and checks in place that the US has when it comes to 'earning' money through investments. Jews know their money. That's just a fact of life. Jews help one another. That's also just a fact of life.

Zuckerberg had a pre-laid down foundation to help him launch whatever he desired as long as money could be made from it. He doesn't have to be inexperienced or an idiot, he can be both, just has to be connected.
 
2012-08-29 06:22:59 PM  
The only apparent growth facebook has had since the IPO is that they started counting deactivated friends as current friends.. Funny how that happened about a week after the IPO..
 
2012-08-29 06:41:44 PM  

Kahabut: FishyFred: JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century

The difference between Gates, Jobs and Zuckerberg is simply this. Zuckerberg is enjoying his money. He is by far the smartest of the group, because he saw ahead of time that the business model was not sustainable.

MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

MS will still be around long after both of the other two are gone.

Facebook will not survive, and Zuckerberg farking well knew it when he went IPO. It was a cash grab and you are a fool if you didn't know it.


I dunno which is 'smartest'.

MS? Yeah...let me slide on a anti-trust conviction, I can make a lot of money too. I use their bloatware because it's marginally more convenient, not because I love it. I wouldn't buy their stock, because I hope they DIAF

Apple? Was never a fan, since I'm a gamer. But the wife got me an IPad for Christmas, and now I get the appeal. It's just well designed. It FEELS like quality. If you like Jobs' particular flavor of KoolAid...you'll pay for it, because nobody else comes close. It's like the difference between cafeteria flatware and Sheffield cutlery...noticeable, but not worth it to everyone. Now, I wouldn't buy Apple stock either...Jobs is gone, and no MBA-tard on the planet will be able to sustain his vision. Few would even try, frankly.

As to FB, congrats to Zuck, I guess. Hard to care if he screws a bunch of Wall Streeters. I certainly didn't buy the stock, and the minute they charge a nickel, I'm off their website.
 
2012-08-29 07:15:54 PM  

Genta: ""The wonderful thing about the stock market is, in the final analysis, the price of something tends to move toward its real value, so if there really is value in Facebook beyond its current price, the management team has failed to communicate that to investors effectively," Chiagouris added."


zuckerberg isnt an idiot. he developed hype, sold stocks at extremely high prices. he wins.

the fact that OTHER people are selling shares at half the original price is irrelevant. given that he created facebook and has been in the business for a while im sure he's well aware of the fundamental problems advertisers have with the facebook system. i dont think it IS fixable to become competitive with ads from google or amazon or whatever..... its a different system that just isnt as good, but zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.


He will have plenty of money, but not as much as you might think - with him owning so many shares in FB still, if he tries to sell a large chunk of them the price will go through the floor - to really pull a large chunk of cash out of a successful business you need to be able to do what Gates did, and have a company that holds a big valuation for ages so you can cash out your shares over a period of time without spooking the market and driving the price down. Not sure FB has got the longevity or earnings potential, although with the amount of users if someone came up with a good idea of how to get significant amounts of money out of the user base (directly or indirectly) without driving all the users away then it obvious could make all the difference.
 
2012-08-29 07:43:46 PM  

ElBarto79: Despite all the howls from wall street Facebook has...some of the most talented employees on the planet.


Not if their Android client is any indication.  That thing has so many bugs in it that one might think Blizzard Entertainment wrote it.
 
2012-08-29 08:59:06 PM  

bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.


I'm thinking for some of the reasons you've listed- the fastest growing demographic segment for FB are people over 50. It's only a matter of time before teenagers and people in their early 20s find some alternative. Facebook has a kind of monopoly on this time of social network, but almost everyone biatches and complains about it. I know that there have been attempts to create a viable competitor, but most have failed. However, someone who can create a network with the things that people like without the dictatorial changes will eventually siphon off FB's users.
 
2012-08-29 09:11:56 PM  

bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.


How many of those damn CD's were produced, given away, and shipped?
 
2012-08-29 09:32:14 PM  

bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.



Ummm, because nobody pays them to be able to do all that maybe?

Never in one million years would I participate in sharing my personal information with strangers.
 
2012-08-29 10:16:32 PM  
Facebook is a childish toy, it is not worth anywhere near 100 billion, it is a huge joke.

Advertisers are not seeing any increase in sales using facebook, even with their massive exposure, the derps and herps from their users drown out all of the advertisers.
 
2012-08-30 12:07:00 AM  
his only stupid move was getting married. half, Eddie. Half.
 
2012-08-30 12:33:14 AM  

pippi longstocking: Facebook is a childish toy, it is not worth anywhere near 100 billion, it is a huge joke.

Advertisers are not seeing any increase in sales using facebook, even with their massive exposure, the derps and herps from their users drown out all of the advertisers.


HR departments love it. Banks too.

/too big too fail
 
2012-08-30 06:43:03 AM  

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


It's funny you should say that. I'm convinced that AOL died only because Bill Clinton signed executive order 13026 making public-key encryption legal. Up until then, you couldn't do a lot of the stuff we take for granted now - there wasn't the security for it - so you hooked up with some kind of intermediary/gatekeeper like AOL to handle payment processing etc.


Now, as much as I hate Facebook, I don't really see Facebook shutting down until we get some similar kind of change that's so massive, looking back you forget we ever lived without it. Sea-level change. Worldwide municipal fiber optics or wifi? Wireless spectrum reserved to every citizen? Cheap, mass-produced 'disposable' ARM-based wifi servers running something like the Freedom Box so everywhere there's electrical service there's a mesh network that supplants the commercial internet? Something that's so powerful and with so many redundancies that it allows everyone, everywhere, to run their own server or server network without fear of DNS-filtering censorship, DDOS attack, or extra-judicial seizure a la "Operation In Our Sites" is really the only thing I see that drives people away from cheap( as free), easy( as that little blue 'f' button), already-everywhere social networking like Facebook.
 
2012-08-30 06:46:25 AM  
Totally unrelated to my previous comment: WTF thinks Wall Street analysts, who presided over one of the largest economic downturns in history only to immediately dive back into corruption a la the LIBOR scandal, are the sane, sober men of serious investment that you want running your company?
 
2012-08-30 06:50:05 AM  
I mean ... people who were dumb enough to screw up and buy a stock at double its market value are supposed to be smart enough to come in and double the market value? Who thinks something that stupid without their cerebrum shutting down your lungs to defend your offspring from your contagious idiocy?
 
2012-08-30 11:56:47 AM  

DataShade: Totally unrelated to my previous comment: WTF thinks Wall Street analysts, who presided over one of the largest economic downturns in history only to immediately dive back into corruption a la the LIBOR scandal, are the sane, sober men of serious investment that you want running your company?


"We can totally gut this fish."

"What about when the whole economy tanks.?"

"We make the government bill the taxpayers. Screw 'em. If people get all protesty, just make fun of them and harrumph a lot while wearing a power tie."

"I'm in."
 
2012-08-30 02:43:48 PM  

FishyFred: Kahabut: FishyFred: Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

You got exactly one out of three correct.

Care to debate the subject... from what platform are you typing?

To be fair, I'm actually in the industry. Do you really think you know more than I do about it?

Show me.

I'm sure you know plenty and your assessment of Microsoft was the one you got right. But I suspect you can't see the forest for the trees if you are "actually in the industry" and don't understand Apple's appeal: They make devices for people who don't care how their stuff gets made or how it works. It just works, and they're willing to pay a premium to never have to worry about it.

And I suspect you don't get out much if you think Facebook has "shiat all." When was the last time you planned or attended a party less formal than a wedding? Gone to any local concerts or events recently? Where do you go when you need to send a message longer than 140 characters to several friends at once? If you're under 30, you went to Facebook.


Apple's appeal is, fairly quickly, losing ground. Didn't you notice? Their "it just works" concept is good, but it's losing. It was only popular because the other option was "you have to be a class 3 geek or higher, roll 3 d20 against 50" That is no longer true.

Also, frankly, pandering to the stupid people that can't, or aren't willing to learn to operate modern phones and computers is not a long term plan.

First, about Facebook... I'm not under 30. I rarely if ever send anything to more than one person at a time. I have never put an event on Facebook, nor attended one posted there (your parties suck). None of this has anything to do with the fact that Facebook has no INCOME, and NEVER HAS, and apparently isn't going to. Users are not the same as customers... ask Napster about that one.
 
2012-08-30 02:58:33 PM  

Kahabut: None of this has anything to do with the fact that Facebook has no INCOME, and NEVER HAS, and apparently isn't going to. Users are not the same as customers


To paraphrase something that has been expressed multiple times regarding Facebook, the users are not the customers. The users are the product.

As for not having income, their revenue is measured in billions of dollars per year.

Bill. Yuns. Plural.

They are in the black.
 
2012-08-30 04:44:09 PM  

DataShade: I'm convinced that AOL died only because Bill Clinton signed executive order 13026 making public-key encryption legal.


AOL died because they kept actively shooting themselves in the foot. They spend obscene amounts of money on acquisitions and then drove those properties into the ground. They bought Netscape for the portal traffic. Within 2 years, 90% of that traffic was gone forever. They bought Mapquest, which had an early lead over Google Maps, but didn't invest anything in maintaining that lead.

Then, there was the Time-Warner merger. It was actually a smart move that got torpedoed in the board room because some billion-dollar egos got bruised. They saw that dialup was a dead end and the future was broadband; the primary goal of the merger was to get their hands on TW cable's broadband business. But thanks to boardroom politics the dialup business and the broadband business never got merged, which was the last nail in the coffin.

Lots of other mis-steps. They completely missed the boat on mobile. Myspace (and later Facebook) stole their lead in social networking. They killed Hometown with intrusive advertising. AIMPages was a flop with a bloated, buggy UI, and Bebo was a billion-dollar boondoggle.

/ex-AOLer
 
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