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9. Re: Morning Metaverse May 22, 2012, 14:31 Beamer
 
Silicon Avatar wrote on May 22, 2012, 14:14:
Facebook seems like a short term investment and it seems really over-valued for what it is. Didn't anyone learn anything from Myspace? People switch social networking sites like tissue paper.


Well, Facebook has become pretty well entrenched as a standard, and people that aren't huge internet people think it will be here forever. In truth, people like us have been claiming it would die ever since our grandmothers friended us, and years later it's still growing.

But growing slower.

And yeah, it was overvalued so people could say it was a hundred billion dollar company. I can't imagine Morgan Stanley didn't expect a decline, but I'm thinking they thought the initial hype would carry it 6 months. It didn't even carry 6 hours...
 
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