One of the reasons why I thought the Facebook (NASDAQ:FB) IPO price was outrageous was due to the increasing competition that the company is facing, which I expect to only get worse moving forward. Technology changes so frequently and what is cool now, can be old news in six months. In a digital age it really isn't that difficult uploading photos on a new site, and any mistakes can shake brand loyalty. This article identifies some users that have already moved on to "greener pastures."
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.