Quote:
Originally Posted by JohnnyComeLately
I'm just not sold on FB as a company. Maybe I need to do more research. I'm heavy on Oracle and Apple right now. I bought a good amount of Apple at $390, so I'm enjoying it at $450+. I've thought about FB, but I just don't see a long term plan for profitability, etc. I've seen too many Internet companies flame out, so maybe I'm just gunshy. I've been heavy in tech stocks and always been 20%+ annually for over the last 15 years ( to include the AAPL I bought at peanuts back in late 80s and still have).
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FB makes billions a year in profit off of selling server space to other companies. They recently started building 4 buildings in NC near where I live that all cost over 4 million a piece just to house tens of thousands of servers to sell off to other companies. As long as the internet exist, FB is going no where and will be one of the most profitable companies out there.