Since Facebook’s IPO, many are wondering if the social media giant, an almost ubiquitous part of modern life, is as stable as it seems. Adding fuel to the fire after a not so stellar IPO, is the recent news of co-founder Dustin Moskovitz and Facebook board member, Peter Thiel, cashing in on their shares. Moskovitz sold 450,000 shares to profit him a around $9 million, while Thiel sold 20 million shares for a total of $396 million. The social networking site’s stock value has slumped since it’s initial public offering last May. With the first big investor cashing out, is Facebook really going down?
Web analysts are saying: No.
Facebook, despite having problems at the stock market, remains to be challenged by a competitor which can deliver all of its services and then some. Unfortunately, no other social networking site can offer such an individualized and convenient service as Facebook, and competition like Google Plus haven’t really kept up. Twitter, the popular microblogging site, has merely complemented Zuckerberg’s invention. Facebook appeals to wide demographic which other social media platforms offer only as a specialty. If you want games, go to Friendster but Facebook has that too. If you want to market your business, there is Multiply but Facebook has Business Pages too.
Even those hard-pressed to create online accounts admit to Facebook’s maneuvering to becoming a crucial component of our communications lives. So despite the faltering Facebook stock value (which, most people only see as a minor hiccup), the site will continue having all of us liking and sharing posts, uploading our drunk photos, and ranting away at midnight.
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