Reply #33

Instead most of the analyst jokers are still going with the PE based on the fictitious "expected future earnings" which will not materialize in Facebook's case. In the US, the engagement level has already peaked and is going downhill. There is still growth in third world countries, but these aren't going to be as attractive to advertisers for years.

Most analysts are hanging their hat on the mobile monetization problem (there aren't enough pixels on cell phones for a lot of ads, and people really don't want their cell phone cluttered with ads. But the Facebook problems are more fundamental, and really have very little to do with mobile.

It is just a business case that never made sense.