So much talk about the Facebook stock decline in the last 2 days.
Facebook shares, launched at $38 each on Friday, fell 11% on Monday and a further 9% on Tuesday. The shares are now worth $31 each.
Ridiculous… and all the bad press is only going to hurt the Valley, which has been producing hundreds of companies build on Facebook.
Top Companies are not build on market speculation. They are built on great products. And surely, FB is the best in the business when it comes to social.
The question is, how can they monetize the traffic?
The solution behind this is not the ads on the right, but the power of Facebook Connect. Over a period of time, I see the platform challenging Adsense for the top publishing houses on the internet.
- Single login so users dont have duplicate user accounts across publishers (WSJ,NYT etc etc)
- Better Demographics for publishers and advertisers
So for all those who’ve written off Facebook after the stock decline in the last 2 days… hold that thought