Resurrection of Zuckerberg
There is no doubt that Zuckerberg is hiding under the hood of his Champion sweatshirt ever since the steady decline after the IPO. He did cash out a small portion of his equity during the IPO, but his wealth has dropped significantly. It seems as wealth has never been the motive for Zuckerberg (my knowledge of his personality is solely derived from The Social Network) compared to the status of the largest IPO ever and the huge “FU” to all of his doubters.
From the impression of my 20-25 year old peers, FB use has greatly declined (I deactivated about 1 year ago). We helped this company to what it is today, but now the user base is shifting to soccer moms. FB has probably turned into a nice annuity for Zuckerberg, but there has to be something up his sleeve. There was an announcement of a possible FB phone to come out as the next product line for the company, but really? Come on Zuckerberg, that’s all you’ve got? Will FB go down as one of the largest flops of all time? Are we still building up tech company “castles in the sky?”
Once twitter was up and running, and becoming popular, FB was always going to die. Unlike Myspace, which still has original content (what band, comedian or movie star - big or small - isn't on MS), FB just has the musings of people at parties and vacation time. Twitter has serious content. Even the dictators are using it - Nuff said.
I should add that twitter 1, doesnt need to know whether you were circumcised at birth to join and every other personal detail 2, takes about 1 minute to set up 3. easy to use from any phone 4. actually is used by all major news organizations, universities, people on wall street etc You can learn anything you want to from a Twitter feed, try doing that on FB. The short character length helps, not hinders. You can link to articles etc.
FB is gonna die a slow death as people abandon it.
Instagram is the best thing FB has going, but Zuckerberg didn't create it. If Zuckerberg doesn't wow us again, FB won't be the biggest flop of all time, he will be.
At $60Bil market cap, FB is still way over valued.... Castle in the sky because the 1 Bil users thought it would be "cool" to own one share. They still can't figure out how to capitalize on what is a decreasing captive audience.
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