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May 16, 2012

FaCeBiLK: 2.0 BiG 2.0 Fail 2.0

atitanicfacebook.jpg

Here is what we know:

1. Their users don't trust them.

2. Advertisers like GM don't believe their advertising platform works.

3. They don't understand mobile.

4. Their crack design/engineering team is too feeble to design a simple photo APP like Instagram.

5. Their shareholders are dying to sell out in the IPO.

6. The valuation is hyperfrothy.

Via ZeroHedge

Posted by gerardvanderleun at May 16, 2012 10:11 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

What does it mean that I saw this on facebook before I saw it here?

Posted by: pfsm at May 16, 2012 11:58 AM

Yeah Facebook is one of those hot air bubbles that people dive into investing without thinking. It produces... nothing. It earns money entirely based on a fraud, a dream of presumption like search engines. People advertise thinking its helping their business when most users simply ignore the ads. We already went through this cycle in 1999 and it crashed the economy then when it was strong. What happens when the dot com boom crashes again during a depression?

Posted by: Christopher Taylor at May 16, 2012 1:12 PM

That picture is priceless.

Posted by: Kirk Parker at May 16, 2012 1:18 PM

$100 Billion and then drop like a rock.

Posted by: Donald Sensing at May 16, 2012 2:19 PM

And something new will come along and three months afterwards Facebook will be dead.

Posted by: Mikey NTH at May 17, 2012 7:39 AM

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