Business & Tech

QUESTION: Do You Believe Facebook is Sustainable?

There's been a lot of debate lately about the staying power of Facebook.com, after company stock has taken a plunge in the national market.

According to the Associated Press, Facebook stock has dropped to $19 in the market today, meaning the company has lost half its market value since the company's initial public offering.

It's the lowest point for the company's stock, but some analysts believe Facebook still has a powerful staying power in the future. When the company went public in May, it boasted a user base of 900 million active users. If it were a country, Facebook would be the third largest in the world after China (population: 1.34 billion) and India (population: 1.17 billion).

It seems that everyone (and their grandma) is on Facebook these days, but it also seemed that way when MySpace was first created and that site is now a virtual graveyard. As stocks dip it raised the question - is Facebook a sustainable company that can create revenue for investors?

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

So we put it to you, Patch users:

Do you think Facebook is here to stay? Tell us in the comments.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here

More from Bonney Lake-Sumner