I don’t give a shit what you FB fanboys have to say about Zuck and his wildly overvalued stock, dubbed FB. This is wrong, on a cosmic level.
With today’s move, FB passed Warren Buffett’s Berkshire Hathaway and the world’s largest oil conglomerate, Exxon Mobile, to become America’s 4th largest company at $324 billion.
At 17x sales, Facebook is trading at a 15x premium to Buffett and 8x to Apple.
They sell annoying ads…on the fucking Internet. Don’t get me wrong, I know there is extreme value in FB; but this feels wrong–like gawking at CSCO trade with a $500 billion market cap and justify it with platitudes like “they’re building the internet” (for you youngsters out there, that really happened).
I don’t know when it will happen; but rest assured, FB will get its comeuppance. Everyone does.
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What’s extraordinary is that they do it with maybe 12K employees worldwide.
Well they also have the Millions of Free Slave/Voluntary Hours given by idiots that freely give them all the personal information they want. FB owns all their personal photos, data, etc..that is an amazing amount of Free Content they get. Yep, I know we give it up Free here too at IBANKCOIN, but at least Fly gives us Great Insight and JEFF MACKE too.
here’s Zuck getting man handled by a 3rd world PM a few months ago
https://m.youtube.com/watch?v=bg0baLjXWp8
I’m convinced the cocky conference call attitude was a PR thing.
This is how you know that we are doomed.
Agreed
The prospect of enslaving humanity with VR should command a handsome multiple. Hoodie Man == Architect in The Matrix.
So true. Amazed beyond belief.
Buffett saved Goldman Sachs and America. zuckerberg stole an idea from the vinkle voss twins
Buffet has balls
Zuckerberg has a hoodie
Let’s not forget that Uncle Warren also saved Salomon Brothers
will FB become worlds first trillion $ company ?
time will tell .. Zuck is young enough and smart enough to make it happen .. had Jobs not gone the way of all life-forms, AAPL may have succeeded but this task will have to go to the younger geniuses to fulfill
I think Uber will be that co. and then they will dump the shares on the public with an IPO and laugh like the crooks they are…
it’s the 21st century AOL
That valuation is absurd. The company is not in business to connect people. It is (from the recent q) in this business…. We generate substantially all of our revenue from selling advertising placements to marketers.
So opening a FB app is equivalent to willingly turning on the TV to watch commercials.
There are a lot of dumb people out there, but one day they will realize how insane that is.
No different from using most Google products.
The thing about Facebook is that it has crushed all competitors, and has such a gigantic user base lead as compared to the publicly traded crapholes and the overvalued unicorns. And they have profits, lots of it.
As I mentioned in my prior post, what has me still believing that they’re going to continue to grow is that about half of Internet users still do not use Facebook. Zuck’s “passion project” is internet.org, which is a movement to enable everyone in the world to use the Internet.
This guy is as shrewd as it gets; he makes everyone believe he’s doing good, but in the end, he knows this will only improve Facebook. Cold blooded (extra Rich James).
Internet.org is a movement to enable everyone in the world see FB’s ads.
From my experience, they will have demographic issues. Every month or so I volunteer to teach inner city kids about financial literacy. These kids are age 9-14. I can tell you that none of them is remotely interested in FB. If anything, they are into snapchat. At the same time, I see that my parents started to play around with FB. This is obviously not a sustainable demographic trend.
Fry, I totally agree with you on the part about everyone seeing FB adds, hence my comment about his shrewdness.
FB will get the youngsters via Instagram. I also think they serve different uses and purposes. Lastly, those older people who see those adds are more likely to buy products and advertisers know that, and hence, more ad revenue for FB. I do agree with you that there’s a generational gap, but it hasn’t stopped them.
the overuse and toomuch factor for fb (individual user) easily already started. there’s a reasonable ‘unplug’ trend around young adult finally starting as well. things happen in cycles. I don’t think youre gonna get your Half-the-world is still eager to start fb thing
Don’t see much of a difference between Google and FB. Free services for ads.
Google search engine has been invaluable. How many times have you ran into a problem or bug, did a search, and someone already figured it out? If I want to know how to do something (cook an omelet, change a light bulb) I just go to Youtube.
I don’t get much value from FB other than seeing pictures of kids growing up.
I wouldn’t disagree. I just think they just have very similar business models. Nothing is really “free”.
Facebook is pretty important to people to keep in touch with family and friends. Especially if you have family overseas like I do.
I own it I know it is wildly overvalued and yet cannot
bring myself to sell it.
FB is high school all over again. Everyone is trying to prove how great they are. Instagram is just soft core porn for the everyday girl. The only thing of value is Messenger/WhatsUpApp.
Best thing I did was turn off all those stupid FB notifications.
FB and Google can sell almost everything to almost everybody. Like Fryguy mentioned here, they found a way to get the customers to come in droves willingly to see and listen to and read advertisements. As a profitable business model, you can’t beat that with a stick– unless the customers figure out they’ve been had, but most people are too gullible for that.
Not a huge fan of the app. But have to respect the speed with which Zuck successfully pivoted into advertising and now is second only to Google and has them worried – which is something MSFT couldn’t accomplish despite spending decades and billions on MSN and Bing. He reminds me of the early Gates – smart, hyper focused, not overly concerned with ethics, and uber aggressive.
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I’ll say this about Zuckerburg … the dude seems to be very willing to give a helluva lot of his money to charitable causes !
Gotta respect him for that !
I don’t remember Jobs or Ellison doing much (if any) of that !
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facebook is ad revenue now…but it’s all about BIG DATA.
My 2016 stock pick!
FWIW…CNBC had Dallas FISHER on talking about Fischer, he said the most important take away was that Fischer was focused on the fact that 216 billion of Treasuries will mature this year and 1.1 Trillion by 2019…vs 479 million in 2014 and 2015 3.5 billion. THis is important cuz if they reinvest they buy On the Run Issues which will add liquidity to the bond market. (and IMHO an argument not to be dovish with any additional accommodations).
Just the example of the backwardness some-of-us said we were entering&in the last several yrs. Metaphor for overall time&society