Friday, May 18, 2012

Facebook IPO

You would be a fool not to buy a bunch of Facebook Stock. Facebook today is at 800 million users. That sounds like a lot, but when you think about it, that is less than 1/7 people on the earth. There certainly room to grow further. As smartphones spread, Facebook will grow as well. A major untapped market is the growing economies and the developing countries across the globe who don't have ubiquitous internet yet. Facebook is also the largest existing social media network. It defined the industry and continuously fends-off its competitors. Facebook itself is a strong company with good prospects.

But a network is only as powerful as its users. Many people who are not signed on are older folks who don't see the value in social media. As tomorrow knocks on our doors, these old mindsets will expire with the people who hold them. Turn your attention now to all the Kids who are still eating Gerber baby food. They will have Facebooks, and Facebook subscriptions will grow as a new generation of kids sign up for the service. Facebook Might not grow into a publicly traded giant now at $38 dollars per share overnight, but give it another 10 to 20 years, and you will be seeing likes *everywhere*.

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