Facebook is fast turning into a hated stock. I wonder if the public failure of FB, if in point of fact it does fail, will actually impact the business?

When you have to report earnings every Q, the expectations, the analyst upgrades/downgrades, the Hedge Fund managers that can move stocks, Einhorn, Chanos, their negative views, if they vocalise them, will have an impact on the stock, which, if it is held widely by retail, will soon induce distaste, for the stock certainly, but also potentially the entire Facebook platform, which leads to slowing growth…

People also seem to understand there’s no such thing as a free lunch, even online, summarized by the truism “If you’re not paying for something, then you’re not the customer—you’re the product being sold.”

Facebook sells access to information about its users that advertisers, in theory, can use to make just the right offer at the right time to the right people. Google uses data in the same way, but it has the big advantage over Facebook that many uses of Google are based on an intent to buy something. A search for “swimming pool caulk” is a search to buy something, whereas friends updating each other on Facebook probably aren’t looking to buy anything, making advertising less effective. General Motors recently announced that it would pull back its advertising on Facebook.

As the Internet matures, privacy issues may fade as social media companies focus less exclusively on advertising revenues. Facebook brags on its home page that it’s “free and always will be,” but it quietly launched a test in New Zealand this month for an option called Highlight that gives users the chance to pay two New Zealand dollars (about U.S. $1.50) to ensure that friends see their post by keeping it toward the top of the friends’ feed.

Now if you are actually willing to pay real money for this crock-of-shit, then, you truly are one of the retarded.

I guess the Zuck has made his money. Personally, I think Facebook is the refuge of the mentally deficient. Posting photographs and drivel about walking the dog. We’ll see, but taking it public at such an inflated price, could be ultimately creating its own demise. Let’s hope so.