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Dark Days Ahead For Facebook and Google?
An anonymous reader writes "Dallas Mavericks owner and media entrepreneur Mark Cuban thinks he knows the reason for Facebook's disappointing IPO; smart money has realized that 'mobile is going to crush Facebook', as the world's population increasingly accesses the Internet mostly through smartphones and tablets. Cuban notes that the limited screen real estate hampers the branding and ad placement that Google and Facebook are accustomed to when serving to desktop browsers, while phone plans typically have strict data limits, so subscribers won't necessarily take kindly to YouTube or other video ads. Forbes' Eric Jackson likewise sees a generational shift to mobile that will produce a new set of winners at the expense of Facebook and Google."
According to this article, Google is estimated to bring in $4 billion in mobile Ad revenue in 2012. Even if these estimates were off by (a generous) 25%, that still sounds like a lot of money. What exactly am I missing here that led the Forbes author to predict Google's demise? I must admit I don't know much about where Facebook stands in this regard.
The Mavericks? Yes, they won... nothing.
Mavs are the defending NBA champions, although they were bounced out of the opening round of the playoffs this year.
They also made the finals in 2006.
"In 1995, Cuban and fellow Indiana University alumnus Todd Wagner started [what would become] Broadcast.com. In 1999, during the dot com boom, Broadcast.com was acquired by Yahoo! for $5.9 billion in Yahoo! stock. After the sale of Broadcast.com, Cuban diversified his wealth to avoid exposure to a market crash."
There is a reason that he is filthy rich.
http://en.wikipedia.org/wiki/Mark_Cuban
Except that Google isn't profiting from Android as a mobile search platform. They have acknowledged this in their quarterly reports.
"Sufferin' succotash."
Keep in mind, that within 2 weeks GOOG was 20% lower the opening. And the seemed to survive that.
Yeah keep repeating that, and it might become accepted as truth at some point. Google opening price was $100. It never went below $100 (I think the least was 99.xx). Even more interesting was that the IPO price was $85. It never came close to the IPO price. The initial investors of Google IPO were happy from the begining. Facebook on the other hand, you know.