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Overrated
The Hype Report
(continued)
  

facebook.jpg
DE-FACED 30 million users couldn't be wrong. Or could they?

FACEBOOK

Harvard dropout Mark Zuckerberg is the new prince of Silicon Valley. Traffic disclosures from his social networking site—30 million users, tripling in popularity every year—have analysts swooning over a rumored IPO (some have valued the company at up to $10 billion). But even as the site positions itself as a one-stop portal for all your Internet needs, it's still unclear whether it will become the next Google—or the next Friendster. Facebook's banner ads have an abysmally low click-through rate, and most of the "applications" under its platform have fizzled. The few that haven't will surely wither if the company starts charging for them. We suggest Zuck unload his billion-dollar baby while he still can.

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09/14/07



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