WHY FACEBOOK HAS BEEN OVERVALUED RIGHT NOW

Despite the fact that Facebook stock has been going down, the company has been very active over the few days. Good thing, they have been doing the important stuffs. There are four things that is enough to change the face of facebook to become bigger than apple. 1. Developing a "Want" button: The "Want" button could become a universal digital "buy" button just as we "like" 2. Mobile transaction: It was announced today that Facebook has tied up with the European telecom, telefornica. This allows users to buy online. It seems that facebook is heading towards a direction. 3. Online store: Facebook is like apple, but with 850 million members and no products to sell. Facebook will get bigger than apple one day if it starts to develop an online store like itunes. 4. Products: Facebook has zynga, spotify and yelp but they are not products that belong to facebook. If facebook develops platform, and products to sell such as songs, movies, digital devices, books and so on, with 850 million customers facebook is likely to become the top company in no time. In conclusion, if you put all the threads together it does make sense why facebook has been overvalued right now, doesn't it? - Karma Gurung Questions may be submitted to (KGurung.13@westminster-mo.edu)