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Author Topic: Facebook - is it worth it?  (Read 7929 times)

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Pete

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Facebook - is it worth it?
« on: May 18, 2012, 09:49:21 AM »
They reckon its value for floatation is $100bn... :o

Is it just me? $100 billion? 'kin 'ell that's a lot of money considering it relies on people staying members...

Can anyone remember MySpace?

This may be the second Internet bubble about to burst.
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Old Cruser

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Re: Facebook - is it worth it?
« Reply #1 on: May 18, 2012, 01:50:41 PM »
Seems an awful lot of money that Pete. I am on facebook but use it mainly for keeping in touch with family/friends, don't post a lot of crap like some do quote --- thank you to my darling wife for my lovely dinner  ::)  ;D
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simondjuk

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Re: Facebook - is it worth it?
« Reply #2 on: May 18, 2012, 08:02:05 PM »
started selling at $38 per share when it opened.  Cant see that lasting
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Slacker

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Re: Facebook - is it worth it?
« Reply #3 on: May 18, 2012, 08:09:04 PM »
It's a gamble. I remember Friendsreunited selling for a (relatively) large amount of money then it rapidly lost popularity. It then changed to a pale imitation of Facebook.
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Pete

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Re: Facebook - is it worth it?
« Reply #4 on: May 18, 2012, 08:23:21 PM »
Looks like they might need $100 billion after all. Just read that they are being sued today by Stewards Law US LLP for $15 billion for improper user tracking. The suit claims that Facebook invaded privacy by tracking users, logged in or out of Facebook.

David Straite, partner at Stewards Law, told Bloomberg:

    “This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications.”

http://bit.ly/Jcy2ea
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Fly

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Re: Facebook - is it worth it?
« Reply #5 on: May 18, 2012, 08:35:29 PM »
Only in the good old United States of America  :))

Billion dollar companies suing each other day in, day out.
Bet the lawyers are pi££ing themselves to the bank  >:
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Pete

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Re: Facebook - is it worth it?
« Reply #6 on: May 18, 2012, 08:39:31 PM »
I reckon the brought the action as the floatation began out of some sort of mischief...

I like 'em already. :)

Now if a few other countries followed suit (sorry) they might realise that wholesale gathering of personal information might not be such a good idea.
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k4blades

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Re: Facebook - is it worth it?
« Reply #7 on: May 18, 2012, 10:17:22 PM »
Over-rated, Over-priced and over here. Give a couple of years when the backlash kicks in. I reckon thats why they are floating now, they know whats on the horizon.
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chesterfieldchris

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Re: Facebook - is it worth it?
« Reply #8 on: May 19, 2012, 12:02:47 AM »
POST DELETED AT USER'S REQUEST
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Pete

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Re: Facebook - is it worth it?
« Reply #9 on: May 19, 2012, 01:02:01 AM »
Fuck me. Someone's agreed with me.

I don't know what to do...

 :P
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Old Cruser

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Re: Facebook - is it worth it?
« Reply #10 on: May 19, 2012, 05:03:04 PM »
Quote from: Pete on May 19, 2012, 01:02:01 AM
Fuck me. Someone's agreed with me.

I don't know what to do...

 :P

Language Timothy ---  :o  ;)
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Fly

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Re: Facebook - is it worth it?
« Reply #11 on: May 19, 2012, 08:11:56 PM »
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Pete

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Re: Facebook - is it worth it?
« Reply #12 on: May 19, 2012, 08:16:02 PM »
Don't know much about stocks and shares, but I have never thought Facebook was worth what they said.

Just my gut reaction.
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therealjr

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Re: Facebook - is it worth it?
« Reply #13 on: May 19, 2012, 11:11:44 PM »
Basic economics.
Something is only worth what someone is willing to pay for it.
If we all decided tomorrow that gold was only worth 50p a kilo then thats what its worth.
A ferrari? to you sir £5.
If someone decided Facebook is worth $100bn then it is.
If they decide its worth 10p then it is.
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Alsatian

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Re: Facebook - is it worth it?
« Reply #14 on: May 20, 2012, 10:35:18 AM »
Quote from: Pete on May 19, 2012, 01:02:01 AM
Fuck me. Someone's agreed with me.

I don't know what to do...

 :P

Go and lie down in a darkened room - don't worry too much, can't see it happening again!!  Yp
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