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August 3, 2012 10:54 am GMT

Dear Facebook, It Could Really Be This Simple

fb-karma-1“The one positive thing that this week has so far thrown light on is that there is a widespread recognition that things cannot stay the same.” — Keith Teare Oh ye of little faith: For the many of us who BELIEVE in Consumer Internet, it’s so painful to watch the Facebook/Groupon/Zynga stock trainwreck continue, with Facebook shares slipping to below $20.00 today, the lowest they’ve ever been. Shares slipped so much this afternoon that even our head-over-heels-in-love with-Facebook guy offered the former startup some monetization advice earlier, and if I were Facebook I would take it. The concerns about Facebook’s viability as a company have been hashed and rehashed by people barely if at all qualified to do so. At this point, we underqualified tech writers know them by heart: It basically boils down to mobile insecurity, a 1/58 price-to-earnings ratio and whatever “I don’t trust Zuck” means, which makes old fogies my parents conservative investors nervous. But, the moment I figure out how, I still want to buy some Facebook stock at $20.00 because are you kidding me, that company is absolutely still growing despite almost no one seeing its potential value. Imagine if every friend that you, or I, or anyone on Facebook had, were a red-hot opportunity to turn well-wishing into revenue. That’s the promise made by Karma, Facebook’s recently acquired physical gifting startup. Facebook, you have the social graph. You have the users. You have the world. Now, all you need to do is give us an easy way to say “Happy Birthday.” With our wallets.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ss54evFIIZA/

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