I’m not a fan of Facebook. Not at all. Clearly that places me in the minority of people in the Western world. But following their recent IPO, I have been collecting links on articles about the Facebook IPO, and it seems that although I am in the minority, there would appear to be more and more commentators who share my view.
I think that Facebook is overvalued (ever after its first week falls) and I also think that it’s future is uncertain unless it can come up with a way to pull off the dual miracles of growing revenue at a ridiculous pace AND inventing a way to monetize their service in a world dominated by mobile devices.
Here’s a list of articles that share my viewpoint:
And just for balance, here’s the one article I saw last week that has come strongly in favour of Facebook’s valuation: