James McKee

Facebook Profit In 2011



Posted: Sunday, January 23, 2011

by James McKee
http://www.forex.tradingcharts.com

Facebook has seen its fair share of success in recent years; the social networking mega giant has turned Myspace into a fad long ago passed.  While Myspace was at one point on top of the heap Facebook’s superior interface and growing popularity have made it one of the fastest growing companies in the world.  The company has been estimated to be worth over 50 billion dollars and is scheduled to unveil its IPO sometime in 2012, however many are skeptical of the website’s long-term future.  The Internet moves very, very quickly and at one time people had no idea that Myspace would come to an end, yet it did.

The risk here is obvious, websites have a very, very difficult time competing with truly innovative competition.  We witnessed this with Yahoo being ousted by Google, and now Facebook has decimated Myspace.  While Myspace has made numerous attempts to improve its interface and overall “feel” they have had little success in retaking their market share.  Facebook will truly need to be on the cutting edge and be willing to take risks in order to maintain its market share and avoid the fate of its competition.

Facebook has however stated that they are going to be implementing traditional email into their website, in effect making Facebook a “one stop shop” for communication.  Those on the forex currency exchange should take note of the IPO Facebook brings to market, it will be among the largest companies to do so in the last 20 years and the effect on stock markets worldwide will be immense.
Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates regularly.
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Top-level comments on this article: (1 total)
» left by Jennifer Stewart
 1 year 116 days ago.
153 fans.
It will be interesting to see what happens to Facebook. I know I don't care for it as much now as I did when I first joined. I suspect the world will get bored with it at some point.
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