facebook not in mybook

 Facebook is obliviously a powerhouse social networking system that launched in early 2004, and has recently released their IPO after incurring over 900 million active users in May 2012. Before and after the release of the company IPO, many opinions questions and speculations about the companies future plans of generating capital, is circulating among the mind of numerous investors and users. One of my peers asked for my opinion on FB (Facebook Inc. NASDAQ symbol), and my answer was simple. I believe that it would be foolish to invest in FB. It is a risky gamble especially after the first day, pricing their shares at $38 valuing itself at $104 billion, and raising $18.41 billion. Buyers speculated that at the end of Facebook’s first day as a public company that the stock would be selling at $54 a share. So much for making a quick buck, if that was your initial intention… There are many opponents for Facebook, and like the once popular and successful social network MySpace, the users may abandon them just as fast. Despite going recently public, FB does not have a concrete product, or a clear objective on how they are going to generate capital to please their new shareholders. Also Mark Zuckerberg, CEO and founder of Facebook who owns over 50% of shares for voting purposes, stated on there first day going public that Facebook “mission isn’t to be a public company.” So, why go public? The mission of the company should be concern about their shareholders, and the “public” who are investing in them. If you are still considering, investing in Facebook I advise be conservative and patient.