One of the reasons why I thought the Facebook IPO price was outrageous was due to the increasing competition that the company is facing, which I expect to only get worse moving forward. Technology changes so frequently and what is cool now, can be old news in six months. In a digital age it really isn’t that difficult uploading photos on a new site, and any mistakes can shake brand loyalty. This article identifies some users that have already moved on to “greener pastures.”
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.