08-22-2012, 01:59 AM
Facebook needs to spend their money on an "anchor" of some sort.
Like I said at the start of this thread, the problem with social media is that it's fickle. Facebook wiped Myspace off the map without much reason, really, and it happened pretty quick and, I thought, pretty much out of the blue. The same thing could happen to Facebook starting tomorrow for all we know.
So I think they need an anchor. Something that creates a brand loyalty and makes people want to stick with Facebook. What that would be, exactly, I don't know.
I'd steer clear of the stock until they acquire something like that, though. Facebook today looks to me like a company built on hopes and dreams and not much else.
Like I said at the start of this thread, the problem with social media is that it's fickle. Facebook wiped Myspace off the map without much reason, really, and it happened pretty quick and, I thought, pretty much out of the blue. The same thing could happen to Facebook starting tomorrow for all we know.
So I think they need an anchor. Something that creates a brand loyalty and makes people want to stick with Facebook. What that would be, exactly, I don't know.
I'd steer clear of the stock until they acquire something like that, though. Facebook today looks to me like a company built on hopes and dreams and not much else.