Are you sick to death of Facebook hype yet?

Me too!

I haven’t heard much about their privacy issues in the mad run up to IPO. (I wonder why that is?) No matter how many times I shut off notifications, raise privacy settings, and remove alerts, Facebook continues to send me email. It seems every time they change something, they willfully change my settings and ignore the email address removal. (Really, WhoTF thinks I have the slightest interest in “Sims Social?”)

What are your beefs about Facebook — Valuation, Reach, engagement, revenue per user, privacy issues, mobile, advertising effectiveness, China penetration — what is on your collective minds?

~~~

WHAT SAY YE ?

Category: IPOs, Legal, Trading, Valuation, Web/Tech

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

58 Responses to “Open Thread: Facebook’s Pricing, Privacy & Future”

  1. PeterR says:

    Tomorrow is Options Week Friday.

    A severe disappointment in the Fa(r)ceBook IPO could fuel a massive market sell-off IMO.

    Look Out Below?

  2. ashpelham2 says:

    Biggest gripe, besides what you mentioned? Sheep mentality that is going to spike the price of this thing, and then the fall from those elevated prices, which will undoubtedly spread to every social media-related stock, wherever they make money or not.

  3. frankswildyears3 says:

    I miss the fact that when I was in college in and I poked a lady there was a good chance I might get some action. not anymore :(

  4. Warminghut says:

    I am a data spoiler. Friends of mine and I used to create fake Facebook accounts all the time (now we have jobs). It was actually easy to automate account creation early on. I have only kept up with a hundred or so of those accounts, but I have friends who claim to still have thousands of accounts they still keep active with recent posts–usually reposts from other blogs or from Myspace.
    We did our best to protect the idiotsphere by creating as much trash information as we could. The poor sheeple who keep Facebook up to date on their actual data…

  5. destor23 says:

    I’m a little annoyed that Roger McNamee and Bono are going to make money at the expense of muppets.

  6. Tarkus says:

    Doesn’t China already have their own version of FB?

    The only way FB gets into China is if the gov’t there gets enough access to crack down on Pro-Democracy dissidents to drag them off to the gulag in the night. Isn’t that why they kicked Google out – because Google said “No”?

    If FB ever does get into China, they’d have to give them what Google wouldn’t. Don’t really see that as a good thing….

  7. Tarkus says:

    Doesn’t China already have their own version of FB?

    The only way FB gets into China is if the gov’t there gets enough access to crack down on Pro-Democracy dissidents to drag them off to the gulag in the night. Isn’t that why they kicked Google out – because Google said “No”?

    If FB ever does get into China, they’d have to give them what Google wouldn’t. Don’t really see that as a good thing….

  8. RC says:

    The peak growth of FaceBook is behind us. Here in the US this phenomenon has peaked.

    This mad rush among VCs in inflating the new “social” bubble is sucking the venture money out of the system which could have otherwise gone into funding other revolutionary idea(s).

    So how long before your comments on FaceBook wall available on a search engine near you?

  9. Robert M says:

    Why don’t we just call them the CIA and get it over w/? The real question in this is why do Americans insist on just giving up their rights? It really is a question of white privilege. They don’t think anything will happen to them.
    I suggest they go back and look at their credit scores in 2007 and then look at them in 2009 when the financial institutions withdrew all the credit cards they extended everyone. They tanked regardless of what your payment records were. This hit you in the pocketbook; it gave you lower credit scores and higher interest rates. We know that employers look for all the silly things you have ever done and made a public record of, which as BR points out they override your security settings and make you unemployable.

  10. hammerandtong2001 says:

    Don’t get it, and never did.

    If they can’t get a fraction of TV media money, then why is this a business? GM pulled out. It don’t matter whether GM understands social media, or not. And I’d suspect GM understands enough to know enough about whether Facebook works for them, or not.

    Facebook is a place where people share BS and photos. Yeah, there’s been a few big theings too. But a BUSINESS: recurring and growing revenue? Paid access to exclusice services? Etc?

    Always thought Facebook was a subscription play, but I won’t argue with billionaires…

    .

  11. MikeG says:

    LinkedIn also blows.

  12. b00gn1sh says:

    Et tu, Barry, et tu?

    FaceBook has peaked as a social phenomenon. Their growth and share price are all downhill from here, perhaps give the underwriters a few days to abuse their naked shorting and over-allotment privileges until the massive overhang of shares starts drooping. Along with their privacy abuses, looking forward to many more discussions of corporate governance and voting rights as the owners of public shares discover what they were really sold.

    I avoid the f-ing place as much as possible. Even then, I go on there pseudonymously, just as I do here.

  13. nancefinance says:

    I think that every time Facebook makes a change to the site, the privacy settings revert to Facebook’s preferences — which is open. A few thoughts on the privacy issue:
    –Myspace settled recently a privacy case with the FTC (I know, who cares about Myspace). The bigger point is that Myspace got slapped for providing information that it said it wouldn’t to a third party. So Facebook and others are going to have be really careful about that.

    –Facebook users are still adapting to social media. Mark Zuckerberg said two years that we have an evolving sense of privacy; self-serving but probably true. Marketers think that we will willingly give up more and more of our privacy in exchange for an improved user experience. We’ll be happy to find discounts to the performances of our favorite bands or ads for preferred products. But Facebook (or other SM sites) can’t do that without knowing something about us; and even when they do know something about us, they can mess up. Google is a master at using what it knows about us for advertising.

    –That like button — the Trojan horse. But there’s a big ick factor too. Will that change? If I click on “like” for Rudi’s gluten free bread, Rudi’s can use my like in a sponsored ad to anyone it chooses on FB. Most people find that creepy (myself included) because they don’t realize they can opt out, and/or don’t know how without explicit instructions.

    Facebook is on the cutting edge of privacy issues and most people are not cutting edge. It is constantly backing and filling, waiting for everyone else to catch up. Or not.

    My big picture take: It’s an incredible company but the IPO price is rich. And what do you think about it coming to market after 12 straight days of a drop in the Nasdaq tech sector? @bespokeinvest says that hasn’t happened in decades (which would mean pre dotcom bust!)

  14. subscriptionblocker says:

    Never a subscriber – so I don’t suffer their emails, but have noticed how they now infest almost every website with their grubby hand outstretched. This has the effect of making me doubt the sanity of these sites…and for the near future at least – doubting the internet’s promise.

    It has just gotten out of hand. Google mining your email, Microsoft’s hoops, Apple’s constant traitorware & walled media formats, Verizon and AT&T selling your data, the government taxing to pay people to monitor your phones, Google giving away burglar maps for free, TSA hassling every time you need to go somewhere, Amex employees selling your personal information, VA losing your SSN, state losing your SSN, bankers snitching every time you make a withdrawal, cameras everywhere.

    Perhaps not as sinister as Orwell’s vision – certainly annoying.

    How about a new model? One where we use you as a “pinata man” every time you betray us – with execution for transgressions egregious enough?

    Some people just need killin.

  15. subscriptionblocker says:

    Left out untrustable voting machines.

    You will never find *anyone* from the electronics industry who doesn’t shake when they are forced to use those things – yet our public buffoons fall *always* to the lizardman’s spiel.

  16. bocon007 says:

    I’m completely over Facebook.

    I teach high school students at a rather affluent Catholic school in a large metropolitan area of the South, and it has certainly made my students more shallow and less perceptive over the last several years. Hey Moms and Dads: Do you think your son or daughter’s English grade might be in the tank because they spend hours upon hours notifying their friends of every thought or opinion or disappointment or observation that pops into their over-stimulated, under-focused minds?

    And just recently I hear even my students complain about their Facebook experiences: a visually confusing user interface so overwhelming even they don’t know what’s coming or going, creepy friend requests from their friend’s parents who they would rather ignore, constant notices of new features, games, lifeline options, etc. ad infinitum. et al.

    For the life of me, I can’t imagine what it is I’m supposedly missing out on by not being a Facebooker.

  17. subscriptionblocker says:

    http://www.facebook.com/pages/Fuck-you-Mark-Zuckerberg/108780719167269

    Knock yourself out :) You’ll just get spammed.

  18. XRayD says:

    I understand the privacy issue … but get a grip!

    It seems the majority of this culture is starving for attention, and often people do stupid things to get in the “news” or get “hits” on their links. Privacy be damned – unless you are in insider, hedge fund trader?

    Any intelligent person who is going to invest in FB knows what it is, and 98% will be smart enough to know what they want to keep private.

    But if FB knows I want to buy a car or want to go to the beach, based on my profile (however they construct it, based on home value, magazine subscriptions, credit records, web sites I visit, searches, … etc. I would love to see the right ads for me instead of thumbing through 4 magazines or sitting through inane TV ads. (And don’t forget, FB has a partner in crime MSFT – which has BTDT!)

    The key thing to remember about FB is it is about ME, I, MINE! It is not a tech company or a web company. Most people will not part with their 500 “friends” because that is how they define themselves. It’s easier to divorce your spouse.

    If FB’s advertising model is flawed, how about the NFL’s and MLB? They build stadiums based on that and pay their stars huge salaries. Extend this to global sports and you get the picture.

    I am sure FB has the warewithal to hire the best brains in the world (paid and unpaid, and billions of words about it have been written – pro and con) but the stock price will depend on delivering custom tailored “I,ME,MINE” experience!

  19. Tim says:

    AOL was valued at ~$160 billion back in the day, today ~$1.6 billion.

  20. SOP says:

    nance –

    “… we will willingly give up more and more … in exchange for an improved user experience. ”

    That is catchy. It sounds like something out of Monty Python, or Douglas Adams. First the Marketers would chant, “The beatings will continue until morale improves,” and we muppets would respond with the line above.

    RIP “Don’t Tread on Me” ???

    I wonder if Facebook plays a major role in natural selection. Facebookers might collectively get a “Darwin Award” some day (posthumously ???).

  21. RW says:

    It has become apparent that there is a lot more going on under the FaceBook hood than meets the eye.

    For example, I receive no emails except when someone tags me; none.

    Postings from friends rotate — now i see them, now I don’t — but not in any straightforward manner; some kind of weighting is involved but it is not clear what it is.

    I have turned off all apps and upped privacy with the (apparent) result being that friends hardly ever see anything I post, to the point that a few have asked me why I no longer am around.

    If it were not for (roughly) 100 folks who I have no other point of contact with I would say this was a waste of time but, as it is, I confess to a certain interest in the way(s) FB intends to monetize their tracking and manipulation of this social sarabande.

    From my perspective (which is clearly very limited) I don’t see how the company warrants an IPO valuation that appears to place an extraordinary future value on a company who’s present value is highly uncertain.

  22. CSF says:

    I teach high school, and all my students are on FB. However, they are always and aggressively seeking new social networking apps. They want the apps that are trendy and discreet. There are many new apps to meet their needs. I understand how FB’s network creates a barrier to entry, but it’s also important to realize that this industry is fickle in a pop-culture sort of way. If FB rests on their laurels then look out.

  23. cewing says:

    I just checked my ticker, and the stock is going to debut at $38 per share, giving the company a market cap of $104.18 Billion.

    By comparison, as of today Starbucks’ cap is $39.19 Billion, Time Warner is $33.23 Billion, and Ford is $38.20.

    So, according to Wall Street, a Web site with nothing more valuable than a pile of e-mail addresses is only slightly less valuable than one of the oldest car companies in history, a top national food retailer that sells an addictive product, and a media company that owns the copyright to the Batman movie franchise COMBINED.

    PLEASE PLEASE PLEASE get those puts on the board so I can make some money.

  24. albnyc says:

    The future is not being created on or by Facebook.

  25. InterestedObserver says:

    I tend to think that there’s “No Such Thing As Toxic Assets . . . Only Toxic Prices” is fairly apt in the case of FB. Great company, a lot of future potential beyond what they’ve already accomplished, some very serious challenges on the horizon, but valued on a hope and a prayer right now.

  26. Oral Hazard says:

    What say me? I say this video is fucking funny. That’s what I say:

    http://www.youtube.com/watch?feature=player_embedded&v=z-NjRtw3SBA#!

    Boxing instructor Eric Kelly teaches the quants how to box. Kind of.

  27. KV says:

    No Fcebook for you!

    (For that matter, not for me, either!)

  28. rocketgas says:

    Feels alot like myspace, just a bunch a hoes shaking their asses at me. Or to be nice companies trying to sell me shit

  29. rocketgas says:

    How many of the x billion subs are like sub shops in brooklyn?, do we have that metric?

  30. morganbroker says:

    Placed 10,000 shares today. Hope for a pop in the am!

  31. judabomber says:

    @Tarkus

    In China Weibo (Chinese Twitter), and to a lesser extent the more FB-like RenRen (which recently changed its name to KaiXinWang) are more popular.

    In my mind FB expansion in China is a pipe dream…

  32. TomL says:

    The ECB will flip a boatload of FB shares and use the proceeds to bailout Greece. Problem solved.

    You read it here first.

  33. Jojo says:

    Facebook is a huge asset to government security agencies worldwide. Social networks make connecting the dots much easier than it used to be. They will shed a lot of tears when/if it fails.
    =============
    As Facebook grows, millions say, ‘no, thanks’
    17 May 2012

    NEW YORK (AP) — Don’t try to friend MaLi Arwood on Facebook. You won’t find her there.

    You won’t find Thomas Chin, either. Or Kariann Goldschmitt. Or Jake Edelstein.

    More than 900 million people worldwide check their Facebook accounts at least once a month, but millions more are Facebook holdouts.

    They say they don’t want Facebook. They insist they don’t need Facebook. They say they’re living life just fine without the long-forgotten acquaintances that the world’s largest social network sometimes resurrects.

    They are the resisters.

    http://news.yahoo.com/facebook-grows-millions-no-thanks-073535378–finance.html

  34. Concerned Neighbour says:

    Part of me think that social networks tend to be fads with a limited lifespan, but another part of me thinks that FB may have achieved a critical mass. Even if the latter, $100B is a rich valuation for that company. They’ll have to find some way of monetizing their user base without alienating them in the process. I have my doubts that will be possible. And really, the user base is their only moat; the rest is eminently replaceable at relatively insignificant cost.

    As a general rule, I don’t touch IPO’s unless I get in on the ground floor, as they’re invariably pumped and dumped. I laughed when I heard Cramer said FB could touch $70 tomorrow. Heck, if it’s priced at $100B, why not touch $200B the same day? What’s a $100B difference anyways?

  35. Jojo says:

    May 17, 2012
    Reticent Rich: Preferred Style in Silicon Valley

    MENLO PARK, Calif. — Wealth is here if you know where to find it.

    Fabulous home theaters are tucked into the basements of plain suburban houses. Bespoke jeans that start at $1,200 can be detected only by a tiny red logo on the button. The hand-painted Italian bicycles that flash across Silicon Valley on Saturday mornings have become the new Ferrari — and only the cognoscenti could imagine that they cost more than $20,000.

    Even at Facebook, ground zero for the nouveau tech riche, peer pressure dictates that consumption be kept on the down low.

    “The message here is, ‘Keep shipping product,’ ” said a Facebook executive who requested anonymity while discussing internal matters. “If someone buys a fancy car and posts a picture of it, they get ridiculed and berated.”

    http://www.nytimes.com/2012/05/18/technology/a-start-up-is-gold-for-facebooks-new-millionaires.html

  36. xSiliconValleyEE says:

    My current “favorite” privacy slight of hand that Facebook is apparently hiding, is that when you “Log Out”, Facebook doesn’t actually log you out. Helps them with ID’ing you on all their partner sites and such. Money must be related to this.

    I religiously “Log Out” every time I get out of Facebook to try to end my active session, either through the “Log Out” behind the “down arrow” on the top right of the page on the regular site, or through the top left “List” symbol, then “Settings”. then hitting “Log Out” on the mobile version of Facebook.

    The problem is that “Log Out” apparently doesn’t end your active session, irrespective of that logging out ends your active session on every other computer system out there. To prove this to yourself, go to, on the desktop Facebook site, “down arrow” on the top right of the page, then “Account”, then “Security” on the left menu, then hit “Active Sessions”. You’ll be shocked at your listed “Active Sessions”, with the ability to then hit “End Session” at the right of each “Active Session”.

    If Facebook really did end your session when you “Logged Out”, as would be expected, then they wouldn’t use the wording “Active Sessions”. It appears to be a legalese manner to say that they still track you by keeping your session active even when you’re logged out, at least it appears as such to a non-lawyer type.

    I hope some privacy people pick up on this crap and publicize this apparent privacy sleight of hand by Facebook.

  37. bear_in_mind says:

    About FB….

    1) Pricing & Valuation: Absurdly bubblicious! No way it can live up to these numbers, even with it’s uber-intrusive data sucking engines running full-throttle.

    2) Popularity: Jumped the shark. Aren’t enough Arab Spring’s or Justin Bieber’s to keep attracting eyeballs. Even the most narcissistic Americans will become bored with FB and move on to the next flavor du jour.

    3) Privacy: Zuckerberg’s freaky Huxley-esque qualities have begun turning-off users in droves. Just wait for inevitable data breaches and what happens when users’ digital dossiers become high-tech blackmail material… massive liability lawsuits sure to follow.

    4) Fast-forward to 2022: “Hey dude, what was that internet service made by that Ivy League dork in his dorm room back in the aughts? I dunno… wasn’t it called, like, Chat Roulette? No doofus! It was “face-something” or another, wasn’t it? Geez, got me. I just know a lot of suckers lost their shirts when the company was wiped out in the Crash of 2016. “

  38. josap says:

    Facebook could buy Greece.
    Insane.

    You are never really logged out of FB, every site, every ad you click on, it’s all recorded.
    The information is sold to companies. Could very well be given to any agency that wants it.
    Creepy.

  39. dsimmons says:

    I have one gripe and it has nothing to do with any of “Valuation, Reach, engagement, revenue per user, privacy issues, mobile, advertising effectiveness, China penetration”.

    I could care less if Zuck showed up in his underwear if he was interested in making money, earnings, cash, profit. While all of the media focus has been on Zuck, it’s really Sheryl Sandberg who should be talked to. She’s the one that came from Google, she’s the one that runs the show, she’s the one that makes sure there is actually a business while he attempts to keep the hacker way going. He gets all the power which is no big deal, same thing was true for Gates and Jobs and is true for Brin and Page and Bezos. Those guys are cutthroat about surviving in the tech world by putting out new products and competing.

    And for a hacker, his company hasn’t shown much new or competitive. Timeline, App integration, Spotify, Instagram, ticker, lists. Those were either purchases or moving boxes around to keep it pretty and manageable even Timeline could be put in that category. In 8 years, it’s the same product. There is a fundamental disconnect between the guy on top and making money.

  40. Long-term cautions:
    1. The most frightening thing about Facebook’s so-called moat is that the installation of ad blocker will destroy its entire business model.
    2. No way FB would ever enter China. See NTES/ATVI. See SINA/RENN. See Solar power producers. China runs a monopoly. Its economy is mostly around SOE.
    3. Timeline will be mandatory soon.
    4. No Mobile app monetization. Once ads kick in the steady MAU % may drop. So far it’s above 50% since 2007.
    and drum roll:
    5. Europe’s run on banks is going to define the market directions in the days ahead. FB shares will drop if its pump was based on musical chairs.

  41. theexpertisin says:

    I don’t care who purchased the “amazing” chicken salad and a pepperoni pizza at Costco.

    My daughter-in-law thinks everybody in her universe does.

    22 people actually responded to her post yesterday,echoing “amazing”….

    WFT? Why is this so damned worthy of a post and 22 enlightened comments?

  42. James Cameron says:

    > Europe’s run on banks is going to define the market directions in the days ahead. FB shares will drop if its pump was based on musical chairs

    Some others have also alluded to this, re: how FB will behave in the weeks ahead because of over pricing, especially in the current market environment.

    Longer term, I think Facebook will evolve and be fine, at least until something better comes along. I have no idea what that would be, and for now there aren’t any competitors, Google+ notwithstanding.

  43. ali says:

    To think of an ad-network valued at 100 billion dollar is truly absurd. Compared to Google, which gets people how to shop, what to look for, where to go and what to do, facebook valuation is just like Kim Kardashian receiving an Oscar for her Sketchers commercials.

    Compared to dot.com bubble things are for the better; we see a stock already active on the second market, have current 1 B revenue with almost no competition. But still a $100B valuation is highly toxic.

    In future, all kids will have multiple online/real-world IDs, since they will try to separate their formal and informal moments, and hopefully a proper browser technology where you kill all the ads that will be fed to you. If I have a browser extension that replaces ads with jibberish, I’d pay $10 for that extension, rather than paying FB $1 to remove these ad banners.

    Market is not fair game. I would put my money on linkedin where there is a network working for you instead of let others snoop for you.

  44. perogy says:

    Yes, the hype is deafening and I wish Facebook would just go away. I am a Luddite when it comes to social networking and do not use either Facebook or Twitter. I got rid of my cell phone in 2003 and don’t miss it one bit. I have better things to do with my time. I am rebelling against 20 years of working in the deployment of new technologies for major corporations. The more technology we use, the more isolated we have become. It is sad.

  45. kaleberg says:

    I agree that this is the big cash out, and it’s being hurried because Facebook has peaked. My guess is that internal numbers show it, though it won’t be obvious for a while. Given the hype and the insider, original 500 structuring of the two stage IPO, it looks like some folks are gearing up for some serious profit taking. I can’t imagine who sill be buying shares, but I imagine there are still people with more money than they know what to do with.

    I never use Facebook. Whenever I’m there I’d get that weird feeling one gets when clicking an innocuous looking link at a reputable site suddenly takes one to a nasty Russian porn site. It was creepy. Even with Ghostery, I still avoid Facebook, but I might be lured back if more browsers had solid, well understood identity management built in. Technically, it’s pretty easy to do, and there are all sorts of uses. For example, comparing Amazon prices on your account and for an unrecognized account.

  46. dsawy says:

    1. Facebook’s security model is just silly. Their view of the world is that you want to share everything with the world, and they’ll allow you to apply restrictions to how many people get to see it. If they they had thought about this more carefully, they would have assumed everything is private and you would have then decided how visible you wish your information to be.

    2. Much of their client-side programming is done in JavaScript. There’s lots of wonderful opportunities for mischief and hacking there. You can exploit both the FB object model as well as browser vulnerabilities. Fun for the whole family of hackers.

    3. Let’s face it: Zuckerberg is Yet Another Prick From Harvard. The prevailing worldview of Harvard people is “Hooray for me, fuck the rest of you.” Just look at the two Harvard alum running for POTUS now, QED.

    Sooner or later, people who possess something approaching a glimmer of a clue will grow tired of giving all their marketable information to some prick from Harvard without at least being compensated for it.

    I had a FB account a couple years ago. I deleted it by first deleting every post, every FB mail, every picture, comment, “like,” wall posting, etc that I ever made. Let the account sit for a couple weeks, then deleted the account, let that sit for a couple weeks. Won’t ever bother with it again.

  47. Jojo says:

    The Facebook IPO in memes
    May 16th, 2012

    In honor of the decade’s biggest IPO, we present: the Facebook IPO in meme form.

    http://www.abine.com/blog/2012/the-facebook-ipo-in-memes/

    :)

  48. Jojo says:

    Do your privacy a favor: control the 7 most critical Facebook settings post-Timeline
    April 16th, 2012

    http://www.abine.com/blog/2012/do-your-privacy-a-favor-control-the-7-most-critical-facebook-settings-post-timeline/

  49. xSiliconValleyEE says:

    I agree with you , kaleberg, the info supplied by Ghostery on FB is creepy. Also, FB apparently never really completely logs you out, keeping your sessions as “Active Sessions” even after you hit “Log Out” (see post above). So FB can then apparently monitor the web pages you view and sell this info, with your real ID attached, to any company that pays them money!

    But then, everything that you do on the InterTubes is monitored by the powers that be. For examples, even the ads on Barry R’s fantastic site here which are necessary for this site to exist, enable many companies to track your web usage. The Ghostery add-on to Firefox comes up with: “AddThis, AppNexus, Bizo, Chango, Crowd Science, DoubleClick, Federated Media, FeedBurner, Google +1, Google Analytics, Halogen Network, Media6Degrees, MediaMath, Quantcast, Rocket Fuel, ScoreCard Research Beacon, Simpli.fi, SiteMeter, SpecificClick, Technorati Widget, and Turn.”

    FB is far worse. As Scott McNealy famously said a decade ago, “You have no privacy. Get over it.” But, our government of the corporation, by the corporation, and for the corporation ain’t about to do anything about it.
    Barry’s site is great information without any real problem as to viewing it. But, just don’t visit any sites the government labels as “subversive”, any porn sites, or say anything on FB that you wouldn’t want an employer to see. That would be, as Bill Murray said in Ghostbusters, “Bad” ;-)

  50. mrg says:

    I was so sick of it all that I deleted my account and all associated content yesterday!

  51. dead hobo says:

    Facebook will become a license to print money eventually. All it will take is someone avaricious being put in charge. You will see interactive games, licensed logos, eBay like sales sites using PayPal until they set up their own pay mechanism, and possibly even streaming video ala netflix and the imagination boggles at the possibilities.

    I can’t speak to their valuation or stock price. Even today there are still companies that have dot com bubble valuations. (no earnings, no real product, barely any sales (perhaps $20 million annually in a good year) , nearly out of capital and forecasting huge losses, a history of continues losses and no profit for several quarters, and nearly a billion dollar valuation) This particular company is in the medical field. I don’t want to mention the name because a relative owns a lot because he likes the way the chart looks. I explained how to read the financials but I don’t know if it sunk in. Talk about a hail mary.

  52. eliz says:

    FB strikes me as a trojan horse. Disguised as social networking, humans become commodities. Participate at your own risk. Be-aware.

  53. Julia Chestnut says:

    Especially trenchant today –

    http://danariely.com/

    His special field of study at the moment is deception, essentially. Always a fascinating read.

  54. gordo365 says:

    Facebook acquisition of Instagram for $1B was the proverbial “bell at the top”.

  55. DeDude says:

    I never have and never will open a Facebook page. The privacy issues are the main reasons for that. I am waiting for someone to create the same thing via a program that is residing on my computer and is owned and controlled by me (with a mirror to a central server to ensure availability at all times). When that becomes available then I might consider using social media.

    Is there a help site, or support group, for people like Berry who got trapped and now are trying to quit Facebook (buy are unable to get unhooked from their slimy arms). If there ever was any doubt, this inability to simply quit if they have trapped you once, is a clear indication that the company is run by sociopaths – and you don’t want to be trapped by sociopaths.

  56. On May 11th 2012, the Tiki community offers a special warm welcome to the 1,000,000th downloader of Tiki, the Free/Open Source Web Application with the most built-in features!

    In addition to downloads from SourceForge.net, Tiki is available from many other other sources (such as the Windows Web App Gallery, auto-installers, and virtual appliances), making its true install base impossible to calculate.

    Tiki is also the most collaborative project on SourceForge.net, with more than 500 registered contributors able to commit code fixes. Countless others have contributed to Tiki by testing, reporting bugs, suggesting new features, answering forum questions, and contributing to the documentation.

    About Tiki
    Tiki Wiki CMS Groupware is a full-featured, web-based, multilingual (35+ languages), tightly integrated, all-in-one Wiki+CMS+Groupware, Free Source Software (GNU/LGPL), using PHP, MySQL, Zend Framework, jQuery, and Smarty. Actively developed by a very large international community, Tiki can be used to create all kinds of Web applications, sites, portals, knowledge bases, intranets, and extranets. It was formerly named TikiWiki. Tiki is managed by the Tiki Software Community Association. For more information, visit http://tiki.org.

    Twitter: @tikiwiki
    Facebook: http://www.facebook.com/group.php?gid=6607687318
    More: http://tiki.org/networks

    http://www.fiercecontentmanagement.com/press-releases/tiki-passes-1-million-downloads

    On Topic, or No?

  57. pintelho says:

    I realize it’s late to leave a comment on this string…but who gives a F

    I have only one thought on FB.

    If Wall St. has 100 Billion to spend on this over valued issue…why is Bernanke still at 0%?

    Clearly this is one of the most inefficient allocations of capital I have ever seen. How many people does FB employ? And if there is enough capital to be thrown around at inefficient endeavors…then Bernanke can begin to remove liquidity now.