Yes, we’re going to talk about how Facebook is overvalued. . . . again.
This time, it stems from a Reuters/Ipsos online poll about Facebook usage. Right off the bat, they found that 34% of those surveyed were spending less time on the site. 20% said they were spending more time. Hang on while I do the math (34 minus 20, negative sign, percentage), yep, that still equals lost eyeballs.
It doesn’t stop there. Seems that Facebook’s stock troubles has made 44% of the respondents think less of the popular social media site. Now, I’m not a huge fan of the company, but I don’t think they’re directly to blame for the dropping stock prices. It’s not their fault that everyone believed the hype.