Facebook soars in afterhours trading

[hal]

FB had a good earnings report - lost money, but revenue from smartphones is way up and that makes investors happy.

http://www.nytimes.com/2012/10/24/techno....html?_r=0

after hours session closed at $22.01 up from the close of regular trading at $19.50 earlier today... now almost 1/2 its IPO price

snicker all you like, they ain't goin' anywhere are are slowly gonna built a gigantic monstrosity - you wait n see...

[freeradical]

I don't see it. Aside from their difficulty in getting advertising, doesn't their user growth look something like this?

[Paul F.]

So... OTHER than advertising, what revenue does Facebook have?

I got out of Google for the same reason... if all they can do to make money is sell ad space, I don't see a big "upside".

Now, Google at least DOES have some other revenue. There will probably be a day when Google makes more off other ventures than off advertising. But show me what else Facebook does to make money?

[TLB]

I heard they are discussing a tiered pay to play or "membership" model: basic (free), regular and premium accounts. It was mentioned they are considering incorporating posting lag times for anything less premium to encourage more paid memberships.

[freeradical]

TLB wrote:
I heard they are discussing a tiered pay to play or "membership" model: basic (free), regular and premium accounts. It was mentioned they are considering incorporating posting lag times for anything less premium to encourage more paid memberships.

The interesting thing about computers, is that there are huge numbers of people who believe that everything associated with them should be free. This means free software and content, and it's a tough sell to convince people that they should have to pay for something. Look at how difficult it's been for the New York Times to successfully implement a "pay for play" model. If Facebook were to introduce lag times, I think that the majority of people would simply accept it.

[Speedy]

Facebook is the new MySpace.