They said social media was dead, going to zero. Today they sit upon their bearish thrones suggesting that it was merely a blip, a folly, that the trend remains negative, that Facebook is finished. The sad part is that the social media bears are still encapulated by the story of negativity. They continue to spew the same hatred, the same tired lines, they are the guy at the bar that never gets laid, but keeps using the same tired pick up lines. These bears will refuse to give in or give up, while the truth remains blatantly obvious:
They have thrown the worst at social media and it is still stands tall.
Over the past month Facebook and the like have been treated as the scum of the earth. We all have that friend that no one really likes, but that is still a friend, everyone forgets to call them when they go out. Hell, social media wasn’t even that friend, he wasn’t even part of the friend group. Getting Facebook specific, everything has been questioned. Everything from growth, profits, revenues, some fools were even suggesting it is a Ponzi scheme created to destroy the retail masses. That is all fine and dandy, the fact is: Facebook remains. Facebook is the Titanic 2.0, it is everything that sinking ship thought it was and wished it could be. The talking heads, outdated investors, and novice tweeters tried to sink the ship,while it steams forward with merely a scratch.
The fact remains that social media seems to have weathered the storm. Today showed us that the money can move into the sector and can do it quickly. The pressure the public has put upon the heads of these fresh tech companies will net one of two results: failure or success. This pressure we have all witnessed or been a part of has resulted in us questioning the merit of men like Mark Zuckerberg and Mark Pincus. Though the fact remains, these men did not get to there position in life by faltering under pressure. Maybe we question these mens capabilities out of jealousy or envy, but they are the entrepreneurs of our generation and to be honest they think differently than us. They think better. The monetization of mobile will come. It may not come tomorrow, or next week; when monetization does come, that 52 week low will be a thing of the past.
Today was a good day for those who believe in the long term success of social media. It was a win that was preceded by many a losses. With much ground to recover before I am made whole again, I sit and ask the social media stock gods (currently my bartender), may I have another?