Quote:
Originally Posted by stocktrader23
If you think Facebook is anywhere remotely close to MySpace then you shouldn't be trying to make money online.  |
I think that's pretty obvious, but consider that Facebook is trying to IPO at a level that's what, 140 or so times what MySpace sold for at its peak? I'm sure it makes a lot of money but I don't see that growing much further over the next few years, and if those leaked numbers are correct, $100B would be about 140 years of net income if it stayed steady?
I don't see how they're a sound investment at this point. Obviously up to this point they have been, but they're being evaluated sky high based on the growth leading up to now, which is not going to be the growth they'll see in the coming years.