Posted on 08/19/2012 10:43:24 AM PDT by PJ-Comix
The deepening slide in Facebook Inc.'s stock is fueling talk once considered implausible on Wall Street and in Silicon Valley.
Should Mark Zuckerberg, the social media visionary but neophyte corporate manager, step aside as CEO to let a more seasoned executive run the multibillion-dollar company?
(Excerpt) Read more at latimes.com ...
Just Facebook? How about all of the social networking crap. Every website I visit (other than this one) has a giant bar with 10 buttons on it asking me to Like/Digg/Plus/Promote/Jabber the article. It’s just like reality TV. Entertainment for the masses.
So far, Zuckerberg has done pretty well for himself, I’d say. Of course, he’s still young and if he were to blow the billions of dollars of wealth he has created over the next decade or two, he might later be viewed as a failure.
I like his odds, though.
By the way - apparently you can block the game when you get an invite from someone, but I can’t help you much beyond that, I don’t use Facebook (wife says you’re welcome).
their CFO isn't all that either...
Sure, there's a role for this in some circumstances ... but I see it all as symptomatic of a nation that is bored out of its collective minds.
I don’t have time for all their gizmos. I actually do spend money on eBay all the time because it is a service I actually do USE whether to buy or sell. BTW, my feedback # is now 990 so I am only TEN away from the magic thousand.
eBay was the biggest innovation of the Dot.com era. It took the yard sale online and gave it world-wide potential. It permitted mom-and-pop or smaller concerns to have a catalog accessible by millions. And by taking a small cut of the action eBay has an enormous revenue stream that permits continued upgrade and acquisitions. eBay will not insult its customers as Facebook has - that would threaten this revenue stream.
Great shorting opportunities.
And what is “Farmville” and WHY am I getting dozens of requests every day to join it?
In the early days, eBay was a great place to sell. I even sold a crappy 50/50 Renn & Stempy T-shirt for $41 once. Nowadays the prices have plunged so now I mostly buy rather than sell. A lot of stuff is cheaper even with shipping (often with free shipping) than buying in stores. Facebook I just don’t get what the economic value is.
You can block those requests. I use fb simply because all my relatives live in Oklahoma, Arkansas, Louisiana, etc. and it is a great way to stay in touch with them.
He’s the captain of the ship. He built it. He made the decision to go public. If it goes down, let him go down with it — at the helm.
Let him stay. I hope his ineptitude hastens the demise of this evil thing.
IMHO, 10 years from now FB will be looked at as a failed antique. It will run out of steam. There’s only so many ways you can exploit your customers over the Internet. And then what do you do to maintain the revenue stream?
Let it die.
I don't like FB at all but, like you, we have some relatives we stay in touch with that way. Some just don't use email. The only things I post are 1) articles slamming FB and Zuckerberg and 2) articles that will infuriate our lib relatives. We've no clue what Farmville is and never touch a like button.
Ever tried Skype? It's free and blows FB all to he!! and back. Plus you don't have to worry about having all your stuff scanned and being targeted. For now. Microsoft recently bought Skype. It remains to be seen how they will screw it up.
Without a drastic change in business model, the only way for facebook to increase revenue is to A) increase users or B) agressively data mine people’s accounts to sell targeted information.
I don’t see FB having the ability to greatly increase the number of users because being free, everyone who wants an account already has one. If they start to data mine agressively they may see a backlash that leads custormers to the next social media site.
I didn’t think Google had much of a chance to increse revenue after their IPO but they took their billions and developed products significantly different from their original search engine business model. If FB does the same and invests the billions into something other than the curent model they have a chance. Otherwise they are making as much money now as the ever will.
It is an addictive fantasy game where people who have never seen a farm pretend to work on one. They get up at 5:00 to milk the cows, etc., and a variety of surprises await the true addict.
" A poor lost cow is wandering around Farmville."
"Oh, Poor Lost Cow, why are you crying?"
" Moo! *sob* Nobody will give me their Credit Card Numbers or Banking Passwords!....Will YOU be my FRIEND?"
I have otherwise intelligent friends who have become shut-ins and social cripples over this nonsense.
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