I Don't Think Facebook Investors Will "Like" This!!! Google Has Already Caught Up In Terms Of Active Users
January 26, 2013 - 8:52am
For those who don't follow me, I've been bearish on Facebook's stock since day one, primarily due to valuation and pricing issues. I've made (or saved) my subscribers a fortune on the Facebook IPO, from pre-IPO private trading to IPO at $38, to its fall to $17 or so. Lately, the stock has been on a tear. On January 10th, I posted "As Facebook Finally Starts To Approach Its IPO Price The Competition Thoroughly Outclasses It - Buyer Beware", basically a warning that my many admonitions concerning FB's risk adjusted prospects for success are still rather optimistic considering the offerings of its most dangerous competitor, Google. The piece illustrated how Google+ was not only technically superior to Facebook in nearly every way, but far cheaper for advertisers (Facebook's only real revenue stream) as well. Well, here's another potential nail in the like button coffin....
Continue reading this article »
Share This Article: