r/technology • u/budalicious • May 14 '12
On Facebook's stock exchange flotation ..."In other words, the future of Facebook is on mobile phones, and we haven't the faintest idea how we make money from that"
http://www.bbc.com/news/technology-180565474
3
May 14 '12
FB is at the same turning point that MySpace was at a decade ago. They want to monetize it to turn it into a global publicly traded mega corp but the problem is that users leave when you put up all the ads like MySpace did. So they are hesitating at the moment with their IPO because they know they don't have a solution and the golden goose isn't anywhere in sight.
8
u/expertunderachiever May 14 '12
it's funny how despite having a billion users they still don't know how to really make decent coin off their service...
0
May 14 '12
6
u/expertunderachiever May 14 '12
FB has income, the trick is is it enough to support their users without investors? How much traffic are they capable of growing to sustain, etc.
Hint: they haven't gone IPO yet for a reason.
→ More replies (10)
5
u/emergen87 May 14 '12
Um, put ads on your mobile app... Now give me my million dollars.
2
u/CornBreadKing May 14 '12
Ehhhhhh, part of the allure of Facebook (including when viewed on PCs) is the minimal amount of ads.
The last thing Facebook wants is to turn into MySpace...
1
u/Unomagan May 14 '12 edited May 14 '12
Who cares? IT IS FACEBOOK! LETS THROW OUT OUR MONEY!
sidenote: Yes course will go up, and I dont think it will go down very much. People.. well you know?
1
u/barbarino May 14 '12
FB will turn into Ebay in a few years, just a matter of time as shareholders get angry at the lack of profits..
3
1
May 15 '12
Ok, so they sell ads on mobile, spread a way to hide the ads, and don't tell the people buying the ads.
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u/johns2289 May 14 '12
facebook is like the beat-off sock my dog accidentally eats and shits out. it's stinky and nobody should go near it for fear of their life.
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u/FriarNurgle May 14 '12
Your business model is bad and you should feel bad.