From my view point Facebook is still way overpriced. Its IPO was way to high. I dont know what magic was pulled to get it to IPO at close to 4 times what I would estimate its true value to be.

Facebook makes nothing, produces nothing and sells nothing. It is a place for people to post stuff to one and other. Its email will centralized placement for advertising. Does that have some value, yes it does, but not the kind of Value the company currently enjoys.

Unless there search engine is a whole lot better than Googles I and others will continue to use Google.