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.
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.
But how can this be, FB is so valuable!
Mad Dwagg said so!
The Market must be wrong!