3 ms·
Ehh, I feel like this is written from the perspective of the investment industry, who foolishly pumped money into the incredibly-overvalued Facebook IPO. No di
by na85 13y ago
Ehh, I feel like this is written from the perspective of the investment industry, who foolishly pumped money into the incredibly-overvalued Facebook IPO.
No dismissive hand-waving can account for the fact that Facebook has little room to grow, and next to no goodwill among younger users. Anecdotally, I can say that by far the largest users of facebook on my feed are 50-somethings posting the sort of libertarian pseudo-intellectual shit I used to get forwarded to me in emails by my grandparents.
Kids might not be reliable tech predictors but if they aren't adopting your product with no room to grow outside the Kid Demographic, then good luck to you.
- enjo 13y agoEhh, I feel like this is written from the perspective of the investment industry, who foolishly pumped money into the incredibly-overvalued Facebook IPO. How was the Facebook IPO overvalued? The stock has increased 28.9% since the IPO.
- pmarca 13y agoStop with the facts! You're screwing up the discussion.
- XorNot 13y agoIt lost money at first, sharply, and at the moment the Price/Earnings is sitting at ~80. Google is about ~30 and arguably in a similar industry. That's a lot of money Facebook is not making for a service which is struggling with monetization.
- vinceguidry 13y agoP/E seems to be a completely useless metric when it comes to the web.