The mighty facebook shares

- a monster bubble ?

Now

facebook is going down fast as it no longer connects friends like it did a while ago. The creator is pulling out big bucks, They are sending mails to us asking to verify users in order to improve the quality of their marketable database.

All seems fair as we are using a free service, but it looks as if their best days of fb and most likely it will be the next myspace ... screwed up by greed!

Internet TV, dissatisfied users and general hackers my finish fb soon.

Early 2012

Sean Parker and Mark Zuckerberg are surly among those chaps who have come up with one of the best commercial concepts in this new millennium alongside Google's Bryn & Page who had been smart enough to acquire youtube, what is going to be with the cream of the crop investments over the next few years.

At the same time we see a golden facebook monster bubble arise which is most obviously going to burst leaving millions of investors and users in pain when they will realize, that privacy and sensitive data of 845 million users can be a very fragile foundation for a multi billion dollar investment.

The risk

Identity theft at facebook is not seldom at all and there were cases in which the original owner had a hard time to receive his account back despite the help of "real friends" who had confirmed ownership and reported theft to facebook's non existing support.

Of course, it is impossible to manage 845 million users and every incident that occurs with around 200 million visits per day.

Not to mention all the different languages and the impact and security of every facebook app from which some have already turned out as malicious.

All of these figures are absolutely impressive and will be a milestone in social developments around the globe.

But at the same time "identity theft" has become a huge industry as much as hacking and data mining so that no one would argue, that facebook isn't meanwhile one of the top targets in this world not only for criminal organizations, but also for alternative hacking groups like anonymous.

All that leads directly to the question of how long the brave facebook engineers will be able to defend user data against some of the world's strongest hacking forces.

Already now every unresolved case of identity theft shows, that facebook engineering and management are operating at their capacity limits though 25% profit out of 4 $ billion revenues should leave sufficient funds for a much better functioning customer and response service.

Also the facebook management had not been able to progress in the field of Internet TV so that their entire revenue stream is fully depending on data sharing users.

Of course, everyone may imagine where facebook could end after just one mayor leak or hack which could perhaps even turn out as a big blow to all social networks once users will start being aware of risks when sharing their data on timelines.

That's why indeed just one spectacular hack could finish the entire facebook concept as long as Mark Zuckerberg and Sean Parker won't be able to come up with a second less sensitive leg.

Big congrats, hats off and good luck anyway!

At the Mirror UK

A talented Graffiti artist is becoming a multi millionaire

thanks to a smart decision on one bright day when he had accepted a share stake in the business of no one less than facebooks's President, Sean Parker as a compensation for his art work.