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Facebook has no competition
The company is profitable
has over 800 mill users, 500 mill which use it every single day.
Social media is in the growth stage. Search Engines like google are maturing.
It's the ultimate referral marketing (thumbs up) as opposed to pay per click.
To me Facebook is like the invention of the wheel. A lot of people are going to be using it. How can I not get in?
FB phase craze is in decline. I am reading more books now, and checking out fewer of those "this is what I'm doing now", "this is what I'm thinking" posts.
Facebook makes their money through advertising (85%), and the remaining 15% comes from their virtual payment business.... Primarily through their gaming partnership with Zynga
*Facebook grossed 3.7 billion in revenue last year, 1 billion in profit
*The reason myspace is no longer relevant is because Facebook won the race to capture the most marketshare. This took a great deal of capital to win the race (kind of like politics)
I can't wait to jump on FB. I don't think I can get on the IPO but once it's start to trade, I will jump. It's so hard to be poor rest of your life... :-)
so many guys said the same thing about Google when Google came to IPO back in 2004 or 2005. not sure the exact year. I took their advice and I didn't buy. now Google is close to $700.
I can't wait to jump on FB. I don't think I can get on the IPO but once it's start to trade, I will jump. It's so hard to be poor rest of your life... :-)
so many guys said the same thing about Google when Google came to IPO back in 2004 or 2005. not sure the exact year. I took their advice and I didn't buy. now Google is close to $700.
Well, you see, some of us are investors, and some are gamblers. Both sets end up in the same discussion threads unfortunately.
So, how were you going to make money on Google stock? Buy low; sell high? That only works if you sell. And timing a sale is probably a lot harder than timing a buy. Hindsight is 20/20, but not foresight.
Me? I like companies that do real business and pay out part of their profits as dividends to us shareholders. With this proven investment strategy, I have increased my network ~25% annually for the past 16 years, some of it through investment gains and some from additional savings. And the good part is that I don't have to be prescient on when to sell.
Google is an advertisment agency. I have never bought one of those since they follow fads, and I don't. And FaceBook has become a joke. Google will eventually eat FB's lunch, so if you need to advertise in fads, go with Google.
I'm not sure about Facebook's dividend, but what I do know is that the owner still retains control of the company after going public. (I believe it's a 57% stake) This is a good thing because he doesn't have to answer to whiney shareholders who think they know how to run a company.
Social Media (unfortunatley) is NOT a fad. I too am an old timer, and don't waste a lot of time on Facebook....but think about what you and I are doing right now?...we are socially communicating on a forum. Sharing opinions, ideas, etc, maybe even recommending a company/restaurant. By the way my favorite local restaurant is 4 sisters in Merrifield, VA. Great Vietnamese Cuisine! Do you understand how this is valuable to a marketer?
One other note: All of the accredited investors/employess of facebook cannot sell their pre IPO Facebook shares until holding the stock for at least 6 months.
This takes away from the gambling aspect of wild swings on opening day.
I look at Facebook as an investment in our future. Right or Wrong It's a large part of how we interact as human beings. It's like the invention of the wheel, how can you not get in? A lot of people will be using it.
Of course you never want to put all your eggs in one basket, but certainly Facebook deserves at least one egg.
I can't wait to jump on FB. I don't think I can get on the IPO but once it's start to trade, I will jump. It's so hard to be poor rest of your life... :-)
so many guys said the same thing about Google when Google came to IPO back in 2004 or 2005. not sure the exact year. I took their advice and I didn't buy. now Google is close to $700.
Today will be Google's LAST earnings report before the Facebook IPO around May 17-24th.
I doubt my broker gets any Facebook. If they do, I'll request 200 shares.
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