[Gaffer]

And when some other hip entrepreneur comes up with an even-hipper name for a site devoted to “my self-absorbed pointless life,” Facebook will be relegated to the status of MySpace and the rest. Unless you already own shares of this, you’d have to be an idiot to buy any.

[Mr. Jeeves]

Facebook will be very difficult for any competitor to dislodge - even Google Plus. There are a lot of other online shopping sites out there, for example, but none come close to the breadth and power of Amazon. Facebook has the mind-share.

That said, the stock is certainly overvalued - at least until Facebook proves it can effectively monetize all that free personal information its users have given it without angering a significant percentage of them and driving them away.

[Mr. Jeeves]

Facebook will be very difficult for any competitor to dislodge - even Google Plus. There are a lot of other online shopping sites out there, for example, but none come close to the breadth and power of Amazon. Facebook has the mind-share.

That said, the stock is certainly overvalued - at least until Facebook proves it can effectively monetize all that free personal information its users have given it without angering a significant percentage of them and driving them away.