30 Aug 2013

Facebook is going to die!! Article for the day 30 August

Facebook is in the news with its share price closing above its IPO price of $38 for the first time since May 2012 when it was launched. What is puzzling is the sky high valuations that they seem to be getting. Hi5 died, Orkut died. What makes Facebook so invincible? As the article summarizes -

Because we'll all have to start the stupid cycle over again. Teens find cool, new toy. Parents discover it a few years later. Teens leave. Cool, new toy goes out to pasture.

http://www.adrants.com/2013/08/this-is-how-facebook-is-going-to-die.php



P.S. The logic behind these posts can be found in this post
at

1 comment:

  1. White KnightFri Aug 30, 11:39:00 am

    Well the COO seems to be making hay while the sun shines. She sold 2.37 million shares to net a cool $91 Million

    http://www.usatoday.com/story/money/business/2013/08/09/sandberg-sells-91-million-facebook-stock/2638117/

    ReplyDelete