Right now Facebook stock continues to fall. Regardless of what the folks on Wall Street say, Facebook will ultimately fail because of you!
From the view on Wall Street
As of the writing of this blog article, two weeks into their life as a publicly traded company Facebook stock is down roughly 25 percent.
The folks at Facebook don't have much to worry about. If Zuckerberg and friends sell their shares tomorrow, they are still ahead of the game. They have their millions and can take the money and run. The day the stock went public, they created their own pool of wealth they could tap into as they needed.
If you are not someone who usually invests in stocks, and are thinking about when is the right time buy Facebook stock, ah, maybe you should look else where. Last week we discussed the failure of Facebook, not from the perspective of a stock broker, but from the viewpoint of a technology professional and webmaster. My reasons for not buying into the Facebook hype is from the perspective of a webmaster and technology professional, not a investment professional.
From your view on Main Street
Facebook has created the largest social network in the world, that no one trusts!
I am a webmaster and technology professional. My platform is technology knowledge. You have have found this, or one of my websites because of your desire to learn more about technology.
I derive my income by you reading my work, and you interacting with my websites and my writing. The more I earn your trust and your support over time, the more likely you will use my website and interact not only with me, but with my sponsors and advertisers.
In order for to succeed they need more than just sheer numbers of users, they need faithful followers.
As I quoted in my Examiner article, 59 percent say they have little or no faith in Facebook to protect their privacy and a whopping 83 percent of Facebook users say they hardly ever or never click on advertising or sponsored content when using the site.
The irony of the situation is that Facebook has already succeeded in creating the largest social network on the planet, but if they can't turn that success into a revenue stream they will be seen as a failure.
It's all your fault
So now you might ask, how is Facebook's failure because of you?
It is because of you, in the sense that your attitude toward Facebook will determine their fate. In your defense, the reason for your attitude is based on Facebook's actions over the years.
Facebook created the social gathering place like the shopping mall courtyard, without the shopping mall. Wasn't the original reason for Facebook for a place for guys to meet girls?
Then Facebook confused and frustrated you with the rules of the social gathering. You went there to hang out, you don't want some stranger asking you a bunch of questions, or using your personal information, do you?
Now that Facebook has all of you in one place, they now want to build the shopping mall next to the courtyard known as Facebook, and they are counting on you shopping there.
Hey, you don't want to buy anything from Facebook, you just went there to hang out!
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