Google has become one of the most preferred tech stocks this decade, but sometimes it wasn’t always considered to be a sure bet. Facebook is a very popular Internet system that is used by an estimated 350 million users across the country. Some shareholders are not convinced that Facebook is a stock that they want to own. I think that Facebook stock is a good idea and also a good investment. Facebook is by far the most popular social network of all time, but will it be a bust like myspace and friendster?
In September, the company announced it was cash flow positive. All the money that Facebook generates from various advertisements and other revenue sources exceeds the cost of services and other capital expenditures. Marc Andreessen believes that the company will generate about 500 million dollars in 2009. The biggest concern is that Facebook lacks a business model. Google relies on Internet advertising for its sales, most people don’t use Facebook to shop or research products. Today Facebooks biggest competitor is Twitter. In my opinion more college students use Facebook than Twitter. I think Facebook will last for along time as well. It is very popular among adolescents today and it’s a great way to keep in touch with friends that are at different schools.
Facebook has a lot riding on their shoulders. Most social networks that have come out in this decade have been a failure, or something better came out that grabbed the attention of people. Facebook is by far the most popular social network of all time but can they continue to that status for years to come. I think the answer to that is yes. Every month it seems that they change something on the site, or make something that is new and fun. In my opinion, Facebook will be around for along time and I don’t see any new social networks coming out that can match the success of Facebook. Facebook has been very successful already and it will only get better. Investing in Facebook would be a risky investment, but I think in the long run you will see a lot of production.
First - what is your action here? What are you going to do? When I read X it doesn't give me a point....just a summary.
ReplyDeleteYou need to check plural and singular pronouns.
This is summary info about Facebook -- but it doesn't support an argument. What are you trying to convince the reader to think?