FACEBOOK has no second act

Quote from bwolinsky:

....that's saying a lot because facebook has even more data about individuals than just the searches that they are running.
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Maybe even down to your keystrokes.... :D
 
Quote from Joe:

Facebook has enough users it could do anything; what would you do with a billion clients?

IMHO, I would become a credit card processor or bank of some sort, like a paypal; maybe even a Visa. Easily exchanged cash between members, everyone is on it, then every website will put a facebook login on their site, you would never have to register for another online shop again... you would pay with the credit card already stored on your facebook account. Stores would love it, since every time you purchased something it posted on your wall (depending on privacy settings), and you would get more honest reviews on products you purchase.
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God forbid , that's the worst thing that could happen for privacy. But that's indeed the way things may go if we don't pay attention. Google is moving in that direction, Facebook and Google are really two evil companies. Anyone who cares about freedom and privacy should RUN RUN AWAY from Facebook and Google products.
 
Quote from trade2live:

God forbid , that's the worst thing that could happen for privacy. But that's indeed the way things may go if we don't pay attention. Google is moving in that direction, Facebook and Google are really two evil companies. Anyone who cares about freedom and privacy should RUN RUN AWAY from Facebook and Google products.
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Never had a facebook account to begin with.
 
Quote from Joe:

IMHO, I would become a credit card processor or bank of some sort, like a paypal; maybe even a Visa. Easily exchanged cash between members, everyone is on it, then every website will put a facebook login on their site, you would never have to register for another online shop again... you would pay with the credit card already stored on your facebook account. Stores would love it, since every time you purchased something it posted on your wall (depending on privacy settings), and you would get more honest reviews on products you purchase.
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Can you say identity theft? Facebook already has massive security vulnerabilities (never, ever browse the internet while logged in, unless ET is the shadiest site you visit) and I'm supposed to link them to my bank accounts as well?
 
Facebook is eating Google's lunch. Whose hide do you think FB's billions in ad revenue is coming out of? GOOG -12% YTD in a wild bull market - it's not a coincidence.
 
Quote from MarketMasher:

And how many of those users are just the same people with different ID's?

Maybe some of FB's employees are busy running up that user count right now..... :D :D
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I have 3 facebook IDs, and I know there are many many people that create IDs just for the games and they dont want to bug their family and friends for "help" in the games.

I created a 3rd ID with the name "Nob ody" I did that so I can click peoples "like" button and it says "Nobody likes this"
 
Going public will push Facebook to diversify revenue streams, improve what's coming in from the current sales mix, and expand into other areas.

People say that Google is Facebook's biggest competitor, but I see things the other way round. Google is enjoying a monopoly as an internet giant, and once Facebook goes public, I see fb taking the same route. Remember, when Google floated in 2004, chrome didn't exist, android didn't exist and gmail was beta.

It would have been easy to write off Google as a 'one-trick-poney' i.e. just a search engine, before its IPO.

Facebook has the captive audience, the infrastructure and the funding to expand its operations and become the next internet giant.

Whether all this hype will cause an overvalued IPO is another matter.
 
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