Agreed. Initially I thought because of all the hype the stock price would sky rocket in the short term and start to show signs of decline in the long term. However now I believe it's the complete opposite. In my opinion I think the stock price of Facebook and over all value will continue to plummet, and in the long term I think that we will start seeing better signs of growth and prosperity. Don't underestimate Facebook's potential.

I certainly agree no to underestimate it, It does have a lot of potential but only at the right price. Its is a really a new company, they just got a big liquidity injection from its IPO. I want to see what they are going to do with that money. If they already have projects waiting for the money then good, once the stock bottoms out and you can get it at a decent price, then I think this stock will be well worth a long term investment. It has only really begun to tap its advertising power. It has a lot of markets it could expand into. I am a little skeptical of what they are going to do with the money when they pull of a stunt like such a big market cap IPO, doesn't give me a lot of faith that they wont just take the money and give out big bonuses.

I think they have been spending their new pile of money on a bunch of acquistions, however, I don't know that they have clear plans to integrating with their purchases any time soon. If they are only buying the companies to aquire their talent and throw out the products or services they made, I think they could be in for a world of trouble.
Beside that point, who would really want everything brought into Facebook? I sure don't want to have to log into Facebook to use every other online service.
They are really taking the opposite approach to AOL, who positioned themselves as a walled garden to the internet, and gradually opened up more. Facebook was an open service you could use on its own, but now they are trying to make you use them as a log in, or a service provier for your apps, email, etc.
I am still shortening them long term.

its going to fail in 1 to 2 [map][/map]months

Facebook executives influenced the investment bankers and raters to value the company higher. taking into account their declining sales figures on marginally low value spots (and GM's pull out of FB advertising) how could people initially sell the stock so high?

Yeah, like trying to use their last minute purchase of Instagram to raise the price of their IPO. Instagram wasn't even profitable, yet Facebook came calling trying to boost their own valuation.