Facebook has a lot of users... or people who have Facebook "accounts." But there is nothing really unique about Facebook. Google+ offers similar features and functionality for widespread sharing of "what I am doing now." Instant messaging less. Email less. Cell phones less. But, given a choice between losing cell phones and email or Facebook, Facebook would run a distant 4th.
So I'm not surprised to read this:
Morgan Stanley Revisits Facebook Trades; Investors File Suit
Morgan Stanley is considering adjusting prices for trades made during Facebook Inc.'s initial public offering, as the lead underwriter and other banks face a fresh investor lawsuit over the how the deal was handled. ...
The suit follows a report by Reuters that analysts at the Wall Street firms cut their revenue forecasts on Facebook amid the investor roadshow, a change that wasn't widely disseminated. [source]Here's the thing: Facebook has little real functionality beyond people visiting their service and sharing trivial pursuits. It is not a search engine or an email system or massive data repository of information that can be readily commercialized. IT'S A FAD AND IF YOU BUY INTO IT WITH YOUR OWN MONEY, YOU WILL LOSE IT.
At least that's my opinion... for what it's worth.
2012 IS HERE..