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No. In fact now is a good time to pick up some more FB stock as it will almost certainly rebound to the 190s when their latest “fiasco” is out of the public spotlight.

FB can easily open new lines of business beyond social networking.

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I doubt this very much. Google has proven that success at dominating and monetizing one thing doesn't translate easily to dominating and monetizing another thing.

Both are ad companies. Google got lucky with buying YouTube and Android on search ad money. They haven't been able to translate that success into anything else.

Facebook probably got lucky with WhatsApp and Instagram. Only time will tell if they can do it again once those two start to collapse.

One also has to remember Facebook is about a third the size of Google (25,105 vs 73,992), according to Wikipedia [1][2]. So if anything, unless it grows more or focuses better it'd be hard to move into drastically different ventures.

[1]: https://en.wikipedia.org/wiki/Facebook

[2]: https://en.wikipedia.org/wiki/Google

Facebook could make a play to become the next craigslist. Hiring workers for services and selling of local merchandise.

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