Business & Tech
Do You Think Facebook Is Sustainable?
There's been plenty of debate lately about the staying power of Facebook after the company stock plunged in the national market.
According to the Associated Press, Facebook stock has dropped to $19 in the market today, meaning the company has lost half its market value since the company's initial public offering.
It's the lowest point for the company's stock, but some analysts believe Facebook still has a powerful staying power in the future. When the company went public in May, it boasted a user base of 900 million active users.
If it were a country, Facebook would be the third largest in the world after China (population 1.34 billion) and India (population 1.17 billion).
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It seems that everyone (hello, Edmonds Patch) is on Facebook these days, but it also seemed that way when MySpace was first created and that site is now a virtual graveyard.
As stocks dip, it raises the question: Is Facebook a sustainable company that can create revenue for investors?
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So we put it to you, Patch users:
Do you think Facebook is here to stay? Please tell us in the comments.
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