QUESTION: Do You Believe Facebook is Sustainable?

There's been a lot of debate lately about the staying power of Facebook.com, after company stock has taken a plunge in the national market.

According to the Associated Press, Facebook stock has dropped to $19 in the market on Friday, 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).

It seems that everyone (and their grandma) 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 raised the question - is Facebook a sustainable company that can create revenue for investors?

So we put it to you, Patch users:

Do you think Facebook is here to stay? Tell us in the comments.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »