One good sign a tech company may have peaked is when it goes public. Yesterday, Facebook filed an initial public offering (IPO) for $5 billion worth of stock that will put a valuation on the company of around $85 billion. Despite its’ massive user base of 845 million users every month (over half of those are daily and almost half are mobile) this stock will be expensive. Facebook made a little over $1 billion last year on $3.7 billion in revenues. Of course the vast majority of that revenue comes from advertising and a whopping 12% comes from Zynga (the makers of Farmville and dozens of other popular games). IMO, the problem with Facebook is how far can they push things. See you are the product they are selling. Most Facebook users still don’t realize this and at a certain point it’s gonna be a major problem. Facebook’s filing mentions “privacy” 35 times. The truth, however, is the less privacy you have the more money Facebook makes. Continue Reading…







