With Facebook going public and a driven founder focused on long-term success why isn’t everyone frantically buying it up? Since the offering the value has dropped slightly. Maybe this was just a correct valuation by Facebook and that’s why the price hasn’t risen. Maybe people see Facebook as a fad, and no threat to Microsoft, Google and other big tech stocks.
Maybe FB will stick around forever? (the timeline feature makes it seem that way). When we are dead and gone, a great-grandchild will find out they inherit a few shares of Facebook – instantly rich?
I think Facebook will be a great company for many years, but they will have their challenges. I wonder if Zuckerberg will start replacing Gates as the tech market’s main mogul. [Via]548