Quote from Hydroblunt:
Facebook has no real income potential and is just a fad with one of the least profitable demographics. It's not even an original idea, let alone a great one.
My favorite author is Joyce, and his main theme is cycles. Every innovation results in media hype of new economies, the new world order, etc. etc. There is no drastic shifts in human behavior, more an evolutionary phenomenon than tectonic changes. Hydro is right, and makes an excellent point on user base. That is the only reason I've used Facebook or Myspace ever.
This is where 21st century traders need to think in terms of cycles, and value. Facebook has many free subscribers, and advertising revenue that is completely dependent upon public site use and advertisor interest. Web advertisements seem rather ineffective if the stats on this board are true. Can these users be leveraged into dollars - that is the question.
Anyone who justifies anywhere near the lofty valuation of this site please provide some examples of how they can make money absent ad dollars please. I am truly interested.
By the way, this is no Google. Google and search query tools are redefining organization. Also, Google owns intellectual property, the algorithm, that alone may justify its current valuation.
