The negativity towards Zuckerberg and Facebook makes me think that there has to be an opportunity in here somewhere. I guess it is time to actually put some time into studying the company.
To Mark Zuckerberg "Facebook's social mission is more important to Mark Zuckerberg than Facebook's business".
MZ wants to keep the company private, but he had no choice because early investors want to cash in. After FB becomes public company, MZ still owns 57% of the company, so he can do whatever he wants with the company.
If you are a stockholder of FB, you are essentially a limited partnership, i.e. no voice, and the general partner is MZ. Can you trust this 28 year old kid with no business experience, and might not even understand what EBITDA means. Granted that Sheryl Sandberg is there to guide him, but if MZ tells SS to pound sand, she has to do it if she still wants to work for FB.
Why waste your time and money trying to get in FB. This company has so many fleas, and here are some events that FB are facing:
a. Unlock shares over 200M in Oct, 1.2B in Nov. b. Stock down over 50% from IPO price.
b.Just to get back to $ 38, the stock has to appreciate 100%. I like to find a stock that will double in a year.
c. FB has 1B members, and cannot get into China. Where is the growth in membership which counts.
d. Mobile devices will be the next new advertising target, and yet it is difficult to monetize.
e. Google and Baidu have one and two degree separations from the sale of product. FB like Zynga have only two degree separation. Therefore, GM has pulled it ads from FB, and more to follow.
f. I can list more fleas but I think you get the point.
If FB is the only company traded publicly, yes, I may put some time studying when to get in. Oh, on second thought, I'll place my money under the mattress instead.
Compare that to Apple near term events that will could move its stock up further. |
