Posted on 05/22/2012 11:52:50 PM PDT by real saxophonist
Hi David,
We have received a request to permanently delete your account. Your account has been deactivated from the site and will be permanently deleted within 14 days.
If you did not request to permanently delete your account, please login to Facebook to cancel this request:
https://www.facebook.com/login.php
Thanks, The Facebook Team
DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public.
While GM gave no specific reason for dropping Facebook ads, a source familiar with the automaker’s plans said the company’s marketing executives decided Facebook’s ads had little impact on consumers.
http://news.yahoo.com/gm-plans-stop-advertising-facebook-203130213—sector.html
30 years from now FB will be the answer of alot of trivia questions .
Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it.
Given its vast cash reserves and the glacial pace of business reckonings, that will sound hyperbolic. But that doesn’t mean it isn’t true.
At the heart of the Internet business is one of the great business fallacies of our time: that the Web, with all its targeting abilities, can be a more efficient, and hence more profitable, advertising medium than traditional media. Facebook, with its 900 million users, valuation of around $100 billion, and the bulk of its business in traditional display advertising, is now at the heart of the heart of the fallacy.
The daily and stubborn reality for everybody building businesses on the strength of Web advertising is that the value of digital ads decreases every quarter, a consequence of their simultaneous ineffectiveness and efficiency. The nature of people’s behavior on the Web and of how they interact with advertising, as well as the character of those ads themselves and their inability to command real attention, has meant a marked decline in advertising’s impact....
Facebook, however, has convinced large numbers of otherwise intelligent people that the magic of the medium will reinvent advertising in a heretofore unimaginably profitable way, or that the company will create something new that isn’t advertising, which will produce even more wonderful profits. But at a forward price-to-earnings ratio of 56 (as of the close of trading on May 21), these innovations will have to be something like alchemy to make the company worth its sticker price. For comparison, Google trades at a forward P/E ratio of 12. (To gauge how much faith investors have that Google, Facebook, and other Web companies will extract value from their users, see our recent chart.)
http://www.technologyreview.com/web/40437/
Main Entry: concrete
Part of Speech: adjective
Definition: actual, factual
Synonyms: accurate, corporeal, definite, detailed, explicit, material, objective , particular, precise, real, sensible, solid, specific, substantial, tangible
You could insert 'concrete' 'real' and 'tangible' in for 'objective'.
I broke down last year and got a page just so I could visit Mark Levin’s page and occasionally post there. I have all the blocks on and no friends and no groups. Plus the page is made with a fake name. I have never trusted Facebook.
And all the BS you just posted about targeted ads is where everyone misses the boat on how Facebook works. They have ads but this is not where their main focus on income lies. Its Information.
And all the really successful businesses that use Facebook are able to utilize the actual Facebook Platform Not the ads. Its why GM won't do ads anymore on Facebook but they will still be on the Platform.
Its Why Gibson Guitar and Hello Music and Fender Guitar and Ibanez Guitars use Facebook daily to show off their wares. Because customers flock to Facebook and target the products they like by adding the companies who sell them to their network.
Hello Music has grown exponentially since they started using Facebook and they've made it so easy to click through to purchase something customers can see they item they are selling on Facebook and have it paid for and on its way to their house inside of 5 minutes.
The companies that can seamlessly integrate their sales platform and Facebook are growing exponentially. GM couldn't do that because Cars are rarely bought online but Computers and Electronics and Musical Instruments and housewares and Clothing and so on all of these things are sold through Facebook everyday because of the power of the targeted audience and the ease of click through on the platform.
If there was one website that didn't need to use Facebook its Amazon yet they have built and installed an Amazon Ap on Facebook and built Facebook pages for each of their divisions and run daily specials on all of them. Their new foray into Facebook is Kindle Direct Publishing which lets their Kindle independent Authors talk about their Kindle Books using the power of Facebook's Platform and linking directly to the sales platform of Kindle.
You keep saying its just Entertainment had doesn't have (hahaha) Objective Use Value but the Entertainment industry employs hundreds of Millions of people and people spend billions of dollars on Entertainment each and every year. Because they find Entertainment useful. But even if your claim that Entertainment has no Real Value Facebook deals in Millions of Dollars of commerce a year by being the gateway to all of those Commerce sites. Bottom line your claim that Facebook has no value is as wrong as one could get. Its simple to prove to if such has no value why then are their 900 Million active accounts. Why then are the multitudes of Corporations and Business actively using Facebook each day if they didn't find value in doing so?
See THAT is the problem with your argument. The numbers don't lie!
What is questioned is how useful it is, and it serves very little use in the society.
So, you can keep denying it, but the fact is that FB is just another form of entertainment, nothing more.
And, as I have posted a number of articles. the business side of it, regarding ad's, is also very suspect as well.
There is very little evidence that people actually pay attention to the ad's, hence GM pulling their ad's out.
Simply put, FB is nothing but hot air.
Facebook’s real value after the IPO is a gamble
Posted by Knowledge Today on Tuesday, May 22nd 2012
Daniel Schlagwein
After the first full day of trading, Facebook shares have lost over 10% off their issue price as the enthusiasm for the social network giant has turned to scepticism, following its lacklustre initial public offering.
Why is this?
Probably over worry that users might turn to other social networks if Facebook tries to capitalise on them too much.
Facebook went public last Friday with what was forecast to be a big-bang IPO of shares that valued the company at more than US$104 billion. Alas the bang turned into a fizzle.
The Facebook IPO is a case of pricing the distant future of company based on sheer potential — and a perceived one at that. Investors fear that Facebook will never realise its full potential. The worry is that its users – or friends – might turn to other networks if Facebook tries to capitalise on them too much. Other social networks—Friendster, MySpace or the VZ network in Germany—vanished quickly. With Wall Street in a bearish mood, it’s clear it didn’t want to take a punt on something that might not last the course.
The stock closed at $US34.03 yesterday, down 11% for the day and well below the $US38 initial public offering price
I see three major concerns.
Firstly, Google could be in a position to attack Facebook. This may seem optimistic; after all Google Buzz failed, and Google+ is only moderately successful for now. However, Google has a better business model, the cash and the clout to get a new competing network up and running: all it has to do is get enough people to like it.
There are also not-for-profit developers, who are giving established corporations a run for their money.
Open source software can move the market in unexpected ways – look at Firefox for example, which is now a serious competitor for Internet Explorer. There are likely to be new developments in the social network space. An open source system, or an otherwise non-business driven social network might emerge. Never discount software developers creating new tools for free – and that could seriously impact on Facebook.
Finally, the EU and other regimes are not shy about taking on monopolies. Right now there are legitimate concerns about how legislative systems will deal with a monopolist Facebook.
However Facebook is an excellent example of how small start-ups can become huge. I consider Facebook to be in an excellent position to benefit from the social-centric web and I would expect much social commerce to be increasingly built on Facebook. Current developments remind me of the concerns with Google’s IPO in 2004. However, the Google IPO stock price was $85 on the first day, and now it is above $600. It could all pan out for Facebook, but right now it is pure speculation to provide any estimate on Facebook’s “real value”. Investing in Facebook is a gamble.
Daniel Schlagwein is a lecturer at Australian School of Business
http://blogs.unsw.edu.au/knowledgetoday/blog/2012/05/facebook/
You do know what a synonym is don't you-sparky?
Businesses don't spend 800 Million for something that isn't useful. No matter how hard you try to downplay it Facebook does alot of business and provides a lot of people with Jobs and income.
And your continued efforts to morph your argument aren't working. First you claimed no one would notice if Facebook closed down. (Which is laughable being the numbers involved who use Facebook is more that the combined population of the USA , Canada, Mexico and all but one of the Nations of South America Combined.) Second you claim it is nothing but entertainment, yet millions of Dollars of business are conducted through Facebook quarterly. Now you claim there Ad revenue is suspect yet they do nearly a Billion dollar in ad revenue and they also get paid directly through business deals. (Not to mention their Commerce they do in Facebook credits.)
I was taught a long time ago when someone's argument keeps changing it means their real objection hasn't come to light and they don't want to reveal it.
Can you name for me any other Internet communications platform that is as successful as Facebook?
To give you an idea of how successful Facebook is in ad revenue. The did 872 Million in the first quarter of this year. Fox News in 2009 took in a little over 600 Million in Ad revenue.
You can pretend Facebook is useless but since they are the number one Ad platform on the Internet AND they do more in Ads than Cable Networks you can see how ignorant your assertion is.
BTW a pastor friend of mine just announced to his congregation On Facebook that he has suspended the Church Newsletter. Instead he has setup a Facebook account for the church and will incorporate all the media Communications options to do the newsletter on Facebook. He also stopped his public access TV show and will produce it only on Facebook. The Congregation is excited at the prospect and are brainstorming all the ways they can use Facebook to support and promote the church.
I printed out this thread for him, he had a good chuckle over your naysaying of Facebook.
But hey its just entertainment... Right...?
hahahaha
Were you saying something 'Sparky'?
Sorry if you can't keep up with the argument.
I said the world wouldn't notice if FB closed down, it had no real use.
Whatever financial issues developed from it's shutting down, the Market would quickly adjust to.
Try to keep up.
It looks like your great technological enterprise is falling flat on it's face (forgive the pun) the Market recognizes it's true value, even if you don't.
Business's make mistakes all the time but they quickly make adjustments.
And seeing that the money it is putting into FB isn't producing the results they hoped it would and some are pulling out, such as GM.
The Market is already sensing that FB is nothing more then self-indulgent entertainment.
Brag book? It’s really just a conduit for people to brag. I find it so annoying.
And that is some great advancement?
Yes, get your church members on a site that strips away their privacy.
LOL!
DETROIT/SAN FRANCISCO (Reuters) - General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public.
While GM gave no specific reason for dropping Facebook ads, a source familiar with the automaker’s plans said the company’s marketing executives decided Facebook’s ads had little impact on consumers.
http://news.yahoo.com/gm-plans-stop-advertising-facebook-203130213—sector.html
I reposted the article about GM stopping it’ ad’s on FB, you clearly hadn’t read it.
They are finding out that the ad money put in has very little return and thus, that ad money will slowly dry up.
Ec 7:6 For as the crackling of thorns under a pot, so is the laughter of the fool: this also is vanity.
If you wish to talk overvaluation of an IPO and other Wall street shenanigans while the stock market is taking no prob.
But you started out saying no one would notice if Facebook went away and was proved wrong (900 Million Active accounts is hard to argue ehh sparky?) then you claimed they were nothing more than a platform for attention whores and were proven wrong. (Schools, Churches and even Cities and Townships use Facebook to let those interested know what is going on) Then you claimed they didn't do well in Advertising and were proved wrong (they do more in ads in a quarter than Fox News does in a year and are the number one Ad platform on the internet.)
The IPO was overplayed in a severely down market. But it doesn't mean Facebook isn't worth anything it just means Facebook is worth less than the asking share price. Ain't the first time an IPO slumped lower than asking price (and being the market has dropped steady all during the IPO accounts for a good deal of the problem).
However over 500 Million people STILL use Facebook every 24 hours. That is nearly twice the people that watch Prime time TV in the USA.
hahahah Keep flailing Sparky. Odds are you'll eventually get something right.
Oh and our local VFW has voted to use their Facebook page to conduct their annual scholarship drive.
But like you said Facebook is useless right and nothing more than Narcissism. hahahaha
But how can this be, FB is so valuable!
Mad Dwagg said so!
The Market must be wrong!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.