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It would be disingenuous for Facebook CEO Mark Zuckerberg to ignore the 42.6% decline in his company’s stock price since it went public in May. But on the day when Facebook says it recorded its 1 billionth user, Zuckerberg remains upbeat — and denies that he’s over his head — in an interview with Matt Lauer to be broadcast tonight on Rock Center With Brian Williams. Here’s a clip that ran this morning on Today:
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Oh please, it’s not a tough ‘cycle’. It’s a bad business model. You give people a free product and you’re hoping that ‘advertising’ is going to make you profitable. Has no one learned from the numerous failed internet companies whose entire business model was based on ‘selling advertising’.
You shouldn’t have gone public unless you had a plan for monetization.
That whole internet bubble bursting, that taught people nothing did it?
Such a scam. They sign up people on their own, companies out of the yellow page listing and say they have 1 billion users. Pathetic excuse for a company.
This is the same company that tried to take all its users photos and license them without checking with the users or giving the users a cut, right?
Monetizing social media isn’t a sure thing – just look at MySpace. It retrospect, it made no sense for FaceBook to go IPO and folks that bought on Day One are feeling the pain. It is realistic to see FaceBook as merely a popular trend, a company which could become much less relevant in short-order. See if this is around in 5 years.