Sahit Muja: Facebook's bubble has burst shares drop 50 percent.
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Sahit Muja: Facebook's bubble has burst shares drop 50 percent.

New York City : NY : USA | Aug 17, 2012 at 4:06 PM PDT
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Sahit Muja: Facebook's bubble has burst shares drop 50 percent.
The investors who bought the Facebook hype must now suffer a fool’s disgrace as they watch their favorite IPO go from $38 dollars a share to $19.05, down 50 percent.

It likely to go much lower. Facebook It is a company that desperately needs a vision and plan for how to leverage its users and crank up the revenue engine.
It is clear CEO Mark Zuckerberg don't have one. Facebook probably need a new CEO, but I can't imagine Zuckerberg giving up that chair.

I give Mark Zuckerberg credit. He created a $10 billion business, and that is no small feat. Unfortunately, he tried to sell it as a $100 billion business.
The social networking bubble has burst. Zynga, Groupon, facebook stocks have been suffering and dealing with market reality.
My prediction of $10 is on target but My guess was not too difficult. If ad revenues continue to falter and investors jump off ship, as it is already happening, the the new low will head to $9 a share.
Facebook failures were numerous:

Failed to see apps advertising revenues.
Their new strategy of loading ads down the apps pipeline assure developer loyalty and revenue shares with FB but possibly to slow to implement causing further erosion in stock value.
Facebook failures to buy Skype a great multinational advertising platform and chose Instagram a no revenue, no plan company.

Facebook was too focused on bells and whistles and not revenue generators.
Facebook need a new improved business model, but the more serious issue is the declining revenues.
Facebook Reports Q1 2012 Earnings; $1.05 Billion in Revenue, $205 Million in Profit. Facebook Q2 of 2012, it brought in $1.18 billion in revenue.

Sahit Muja
President and CEO
Albanian Minerals
New York

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AlbanianMinerals is based in New York City, New York, United States of America, and is a Reporter on Allvoices.
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