According to the Associated Press, Facebook stock has dropped to $19 in the market Friday, 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, (Including Mercer Island Patch — click here to see our page) 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?
So we put it to you, Patch users:
Do you think Facebook is here to stay? Tell us in the comments.
