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  • I am not a fan of Facebook

    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:

    • Facebook Admits Mobile Shift Damaging Business Faster Than Expected In New SEC Filing; Will Miss Q2 Projections
    • Why I Lost My Faith In Facebook Advertising
    • GM Pulls $10 Million Facebook Ad Buy, IPO Doubts Loom
    • Facebook resisters: why millions refuse to like social media giant
    • facebookdotbomb 1, facebookdotbomb 2
    • Here’s what could kill Facebook
    • And some more opportunities for death - right from Facebook’s S1
    • I put my family business on Facebook. Here’s what happened
    • Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it
    • How Facebook could destroy the U.S. economy
    • After Facebook fails

    And just for balance, here’s the one article I saw last week that has come strongly in favour of Facebook’s valuation:

    • FaceBook worth every penny

    Bearish? Yep.

    Tagged: facebook bubble overpriced wheresfuturerevenuecomingfrom mobile privacy short

    Posted on May 28, 2012

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