GM announced before the IPO they were pulling their fb ads because they didn’t bring in any business for them. That’s about all fb has to offer in the way of revenue, advertising, isn’t it?
posted on 05/21/2012 3:58:49 PM PDT
(culture, language, borders)
"GM announced... pulling their fb ads... didnt bring in any business for them. Thats about all fb has to offer in the way of revenue, advertising, isnt it?"
FB can't bring in ad revenue because most users use cell-phones to access, and they don't display ads. Worse, most users via the net won't click on an ad, or buy via one.
JMHO, FB isn't worth a fraction of it's current 'value' and it's stock price will shrink rapidly. Look at Facebook partner Zynga. Trading was stopped twice on Friday due to plunging value - closed at an all-time low.
My bet, trading on both Zynga and FB will be a wild ride to major losses.
posted on 05/21/2012 6:00:29 PM PDT
by Ron C.
GM announced before the IPO they were pulling their fb ads because they didnt bring in any business for them.
I am wondering if this wasn't GM using all the hype in the news about the Facebook IPO for free advertising.
posted on 05/21/2012 7:36:45 PM PDT
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