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.”
http://www.latimes.com/business/la-fi-facebook-teens-20120531,0,5676320.story
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