Saturday, May 12, 2012

Should I buy Facebook

Many of us remember when we had a chance to buy Google stock at it's IPO of $85 (now it's in the 600's) and think,"I am not going to miss out on another opportunity" and are tempted to buy Facebook. It's true, lots of people use Facebook but I for one think it has peeked in popularity and that it will be replaced by a new social networking site in a few years. The reason for this is the hipness factor.

When Atlantic City first got gambling, young hip type people were drawn to it (see above photo) then over time Atlantic City looked more like the other photograph. Facebook started out like the above photo but today  is becoming more like the other photo. Most people don't want to hang out with their grandmothers. Hence, there will soon be a new social networking site that attracts the young, hip set. This site will eventually attract the more desirable demographic and Facebook will look like the Taj Mahal on a Wednesday morning. Yes, we will see use Facebook to share our new boat with our aunts, but the attractive co-worker at work will be at a different on-line location. There probably already is a hip Facebook out there but I don't know about it. If you know what it is please share.

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