Facebook (Nasdaq: FB) is on the cusp of amassing one billion users, unarguably a milestone.
The last official tally of Facebook users was 955 million. Employees have become giddy in expectation of reaching the one billion mark any day now.
But, they might want to hold off tossing confetti, because the momentous occasion will also shine a bright light on the social network's shortcoming.
No matter how many users Facebook acquires, if it can't sell anything, the landmark number is useless.
As Owen Thomas of Business Insider wrote, "Bottom line: One billion users isn't cool. You know what's cool? Two billion."
Facebook (Nasdaq: FB) is on the cusp of amassing one billion users, unarguably a milestone.
The last official tally of Facebook users was 955 million. Employees have become giddy in expectation of reaching the one billion mark any day now.
But, they might want to hold off tossing confetti, because the momentous occasion will also shine a bright light on the social network's shortcoming.
No matter how many users Facebook acquires, if it can't sell anything, the landmark number is useless.
As Owen Thomas of Business Insider wrote, "Bottom line: One billion users isn't cool. You know what's cool? Two billion.
That's why Facebook stock should really be trading for this amount.
The remaining content is exclusively for Money Morning subscribers. To gain access, enter your email address:
The last official tally of Facebook users was 955 million. Employees have become giddy in expectation of reaching the one billion mark any day now.
But, they might want to hold off tossing confetti, because the momentous occasion will also shine a bright light on the social network's shortcoming.
No matter how many users Facebook acquires, if it can't sell anything, the landmark number is useless.
As Owen Thomas of Business Insider wrote, "Bottom line: One billion users isn't cool. You know what's cool? Two billion."
Facebook (Nasdaq: FB) is on the cusp of amassing one billion users, unarguably a milestone.
The last official tally of Facebook users was 955 million. Employees have become giddy in expectation of reaching the one billion mark any day now.
But, they might want to hold off tossing confetti, because the momentous occasion will also shine a bright light on the social network's shortcoming.
No matter how many users Facebook acquires, if it can't sell anything, the landmark number is useless.
As Owen Thomas of Business Insider wrote, "Bottom line: One billion users isn't cool. You know what's cool? Two billion.
That's why Facebook stock should really be trading for this amount.
The remaining content is exclusively for Money Morning subscribers. To gain access, enter your email address:
