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Facebook (FB) roundup: 1) AllThingsD backs up reports Facebook is in talks to buy Waze for $1B....

Facebook (FB) roundup: 1) AllThingsD backs up reports Facebook is in talks to buy Waze for $1B. Waze would bolster Facebook's efforts to become a go-to source for local content (and push local ads along the way), and Facebook's reach could greatly increase the value of Waze's crowdsourced map/traffic data. 2) Facebook Home surpasses 1M downloads ahead of an update. But its user rating remains 2.2/5, as users keep griping over a lack of widget/folder support. 3) Leon Cooperman pounds the table for Facebook. "People underestimate the mobility opportunity that exists ... we think they could achieve a market cap comparable to a Google."
Comments (5)
  • Matt Jonza
    , contributor
    Comments (86) | Send Message
     
    leon cooperman is nuts
    9 May 2013, 05:55 PM Reply Like
  • samuel.kirz
    , contributor
    Comments (81) | Send Message
     
    Matt,
    Bet against facebook at your own peril. They aren't even trying to make money and their revenues are crazy.

     

    What happens if they even try to monetize Instagram? Instagram will have 200 million users before long. We are talking billions in annual revenue.

     

    What happens if they show some video ads on desktop? They have a captive audience the size of the Superbowl every day. They estimate that 3 ads a day could raise 1 billion a year and that seems conservative.

     

    With the acquisition of Waze, advertizers will be able to promote their businesses as you walk past them on the street.

     

    And those three are what I've come up with, imagine what the professionals at Facebook are working on. This company could easily be as big as google.
    9 May 2013, 08:13 PM Reply Like
  • mako26
    , contributor
    Comments (244) | Send Message
     
    Im gonna hang onto fb for awhile. I think it will go much higher and its a small enough percentage of my portfolio.What the hell. A lot of big names keep buying it. We'll see .
    9 May 2013, 08:26 PM Reply Like
  • jamesfreiley
    , contributor
    Comments (94) | Send Message
     
    " Leon Cooperman pounds the table for Facebook. "People underestimate the mobility opportunity that exists ... we think they could achieve a market cap comparable to a Google." "

     

    -- yah p/e north of 1000...good luck with that...
    9 May 2013, 08:27 PM Reply Like
  • mako26
    , contributor
    Comments (244) | Send Message
     
    I'm in at 19.50 so I think my luck as u say will be okay. I guess it's just me and ole leon...lmfao'
    9 May 2013, 09:07 PM Reply Like
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