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In this video, Finance Professor Dr. Boyce Watkins explains why he personally would never buy stock in Facebook.
Ozie Jackson Reply
May 30, 2012 at 3:48 pm
I have to disagree with you for a couple of reasons. No actually 13 Billion reasons since that is the amount of cash that Facebook has on hand to spend and zero debt. Also, Facebook unlike Friendster, MySpace etc., is technologically sound as a internet platform and is better run as a business.
Did the bankers and NASDAQ screw up the IPO and overvalue the company coming out of the box? Certainly they did. But I do not invest in stocks for a week or a month or even a year. This is a long term play as far as I am concerned and my bet is that FB will figure out a way to conquer the mobile web platform.
As far as users are concerned I also hear that “young people” no longer use FB but the numbers don’t support this. Facebook has 900 million users and counting and is expanding to international markets. My belief is that Facebook as “crossed the threshold”, is it as exciting and new like it was several years ago? Of course not. But everybody is there so you make an account. Kind of like how no one gets excited about radios like they did when they first became mainstream but you still need to have one.
My guess is that FB will take a page from Google and create a tangible product. Most likely a mobile FB tablet or phone. If I were their marketing director I would create this device as a inexpensive communication/internet tool targeted to developing nations. More customers, more potential future growth and revenue. You can get quite creative with $13 billion in the bank.
May 31, 2012 at 1:05 am
Thank You Dr. Boyce for all your views. Keep them coming and Real. Bump Facebook, if you love $$$ and you praise $$$ more then life. Help yourself to Facebook because in the dark. Facebook is devil’s creeping in. Do anyone know where you can find a Real Facebook to invest your hard earn $$$ to help educate our kids for a better life and future?…Oh you can find LaFaith on Facebook, but don’t look for nothing sexy!!!
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