Don't Count Facebook Out Just Yet

Facebook Inc. (FB)’s disastrous initial public offering has led to an increasing consensus that the social networking site was overpriced and that its business model is flawed. Some attribute the debacle to issues raised in the company’s prospectus, such as the difficulty of monetizing mobile technology. Others have pointed to the slow growth in advertising revenue or questioned Facebook’s strategy of collecting vast quantities of data from its networked users to enable customized ads.