FaceBook - head of another DotCom crash?
Discussion
From an article Ted (yes, THE Ted) linked to in the computing forum...
Forbes article said:
Because of Facebook’s presumed success, many small, medium, and large businesses individually and in turn experiment with Facebook ads. They spend hundreds or thousands or more on Facebook ads. At the end of the first run, they see bad ROIs. They tweak the ads and spend more money and try again. Nothing. So they stop, understanding that Facebook ads are worthless. Almost everyone I’ve talked to who has actually bought Facebook ads knows this. But, not everyone has bought Facebook ads yet. There are still more and more new businesses finding out about Facebook ads. As they grow, even more businesses give their money to experiment in destined failure.
Eventually, though, and this might take a long time, but it is finite, everyone will have tried Facebook ads and know that they are useless. Eventually, after 10 million businesses have invested $1000 each, and Facebook has earned $10 billion in revenue in total, then they will have run out of new customers and their revenue will dry up. A useless product is never sustainable. I wish I could short Facebook.
Eventually, though, and this might take a long time, but it is finite, everyone will have tried Facebook ads and know that they are useless. Eventually, after 10 million businesses have invested $1000 each, and Facebook has earned $10 billion in revenue in total, then they will have run out of new customers and their revenue will dry up. A useless product is never sustainable. I wish I could short Facebook.
jatinder said:
It was on Google for a second or so then disappeared?
Seems to be working for me, updates in real timehttp://www.google.co.uk/finance?client=ob&q=NA...
Marf said:
Yep now it is.SOmeone try and explain whats going on to me.
Have ALL the shares been sold, and the prices now are people buying and selling shares?
Or have they got millions of them in a big pile on a table and they still have a massive pile of them left and the queus are thinning hence the price is going down for the pile thats left?
Or what?
Have ALL the shares been sold, and the prices now are people buying and selling shares?
Or have they got millions of them in a big pile on a table and they still have a massive pile of them left and the queus are thinning hence the price is going down for the pile thats left?
Or what?
blindswelledrat said:
SOmeone try and explain whats going on to me.
Have ALL the shares been sold, and the prices now are people buying and selling shares?
Or have they got millions of them in a big pile on a table and they still have a massive pile of them left and the queus are thinning hence the price is going down for the pile thats left?
Or what?
The shares have been sold and now people are trading themHave ALL the shares been sold, and the prices now are people buying and selling shares?
Or have they got millions of them in a big pile on a table and they still have a massive pile of them left and the queus are thinning hence the price is going down for the pile thats left?
Or what?
Xaero said:
Yes, that was what I was getting at. But you need to convert your dollars/pounds/yen etc to facebook dollars (or maybe a more fluffy name like facebook points to start with). Plenty of people use paypal like a mini bank and facebook could go the same way.
Of course some will but ultimately the purpose of setting this up will be that people will also be earning in this currency and so creating wealth. It's a hugely advanced concept over Paypal which is just an online secure processing system.
So, some people will trade into the currency, others will trade out but by it being a currency most people will hold a position that suits their needs and others will run the businesses in this currency.
DonkeyApple said:
Of course some will but ultimately the purpose of setting this up will be that people will also be earning in this currency and so creating wealth.
It's a hugely advanced concept over Paypal which is just an online secure processing system.
So, some people will trade into the currency, others will trade out but by it being a currency most people will hold a position that suits their needs and others will run the businesses in this currency.
Is this already part of their plan or are you hypothesising? (Am assuming the latter).It's a hugely advanced concept over Paypal which is just an online secure processing system.
So, some people will trade into the currency, others will trade out but by it being a currency most people will hold a position that suits their needs and others will run the businesses in this currency.
I cannot see why anyone would entertain such a concept for anything other than fripperies (a la nectar points, clubcards and fuel save etc). Why would they when to actually pay for stuff now using your own money is easy...?
I cannot see in several lifetimes this even getting close to real. Not unless you can see your mortgage, bills, major purchases etc being done this way. And why would vendors of those take your dweeb dollars over and above hard currency backed by a country and properly established exchange markets, guarantees and fee structures? (Unless you live in Greece).
Cannot even start to envisage how such a thing would even start to work or why you'd bother. If it were even remotely viable, we'd already all be using pounds, dollars or the yuan.
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