Facebook Stock Falls Again, Moves Closer to Circling the Drain

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Electrik

I enjoyed using it to keep track of family & friends until the teenagers took control and turned it into a babbling tornado of texting, colored hearts and "yoville".

I felt that FB was a potentially useful social site, but it quickly became tedious and even irritating due to all the frivolous distractions and 30+ simultaneous conversations. The adults in my family finally just gave up.

As for the article, FB is tanking because people with jobs (adults) are bailing and leaving the site to the kids. Advertise all you want, those without money will not buy anything.

And, who the hell has 600 friends?

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slibinz

So far I've avoided smoking the Facebook pipe and I told everyone that this would happen. Trendy idiots that want to blab about their lives are NOT who you should be basing your business model on.

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bling581

It was down, to something like $17.50, then Mark finally spoke and the stocks rose. Too bad I didn't buy then because I missed out on some quick change. Hopefully it will finally fall to $15.

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Xenite

Social fads are the worst investment....EVER.

Facebook will eventually be Myspace.

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znod

I think the Facebook price is seriously down because people are recognizing that it is just a longish-lived fad. It has little function except self promotion and related delusion about one's importance. For those who are heavily involved, it is a productivity ameliorator.

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Scatter

Personally I don't have a problem with Facebook. Sure you need to be careful about what's shared and what isn't but once you lock things down it's actually a convenient way to keep in touch with old friends.

That being said, its pretty damn hard to turn a good website into something that can be profitable without chasing off the people who make it popular to begin with.

Facebook should never have gone public IMO. If they stayed private they could have all made a nice chunk of money and pretty much remained what made them popular in the first place. But as with most other companies in the world they got greedy and things are starting to crash down around them.

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Arnulf

I meet with my friends face to face. Some I meet every week, others only once or twice per year, but I do take time for them and they take their time for me.

The people I don't meet are not my friends - they are acquaintances. I have no need for virtual "friends", hence no need for sociopathic^H^H^H^H^H^H^Hal services :)

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Scatter

Life happens and a lot of people get separated because of it. I got married and ended up moving with my wife but I still love my old friends even though I rarely get to see them any more. People make tons of friends while in school but then go off to different colleges. Are they suddenly not fiends any more and not worth keeping up with?

Facebook is great for allowing old friends to keep in touch on a somewhat regular basis. It just isn't really a money maker unless you flood people with ads.

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don2041

Ever tried email? That way You Don,t have to tell the whole world how pathetic you are. We don,t care

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Scatter

It seems that its difficult for some people to grasp that some people enjoy things that others don't.

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Strangelove_424

Once this Facebook thing blows over, everyone will go back to trying to get laid at bars and coffee shops again. Maybe then we'll finally realize just how much reality we blindly sacrificed in the name of Fuckerberg's grand experiment.

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tekknyne

The tech services industry is a great place to start a racket and siphon money out of the middle class. You think Zucker-dweeb lost any money in this deal? Well, on paper, sure. But if you buy that, I got a bridge in Idaho I want to sell ya! Just dont check his Swiss, Cayman, or Dutch bank accounts.

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RaptorJohnson

Could you back up your statements with facts please? Lets leave the baseless claims and the supposition to the youtube comments.

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Baer

When my broker asked if I wanted in to Facebook at the IPO price I chuckled and told him to place a buy order at $12. He said I was nuts. Now I may soon have to decide if I even want it at $12???
When I see a business ask to be liked on FB I wonder if they are really a serious business.

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don2041

I love the sound of an implosion in the mourning especialy when it,s Facebook

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Arnulf

The price is still way to high. FB is worth as much as the data it holds on its dumbass users is worth and that data is getting outdated every day. As more people realize the implications of providing PERSONAL information, connections and references to somebody FOR FREE, there will be ever less data available, dropping the value of FB even further. Long-term it's simply worthless.

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tekknyne

Hell yeah!! I'm a schlubb who just plays farmville all day. How much is a marketing company going to make off me??? Gilette gonna make any money? You think I shave? LOL

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Andrew.Hodge

In Soviet Facebook, product sell you.

But no, in all honesty, what do you expect from a company that makes it's profits through selling add spots on peoples social network pages?

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