Is Facebook just a better packaged MySpace?

I still remember the last tech space bubble and how the markets reacted to every new gadget or advancement. A company in Canada had come up with a cellular tracking technology and almost overnight the stock went from $1 to over $100 it was amazing to watch. I didn't have the nerve to hold on that long and some held on for the ride up and the ride right back down. The last time I checked the stock was 20 cents. But in reality it was a technology with limited sales and no following. There needs to be some meat on the bone for investors to sink their teeth into. So many will get caught up in the media hype at the start only to fade away after the reality sets in. I personally don't use Facebook very often, in fact I find it annoying. I tend to use it more as an extension into a network of information that serves my purpose. My contacts in the investment world tend to do the same but we all have email accounts and blogs as well.

The only unique attribute that I can actually see is it gives your buddies a way of showing off their latest conquest or acquisition without much effort. Is this space just another venue for presenting odd products and services that have obviously paid to be on there. I usually click on and tell them it was not interesting then for a fleeting moment my homepage looks cleaner. I think Google has nailed this advertising space and would be a more solid investment over time. Unfortunately Facebook is still viewed by many as a fad in my opinion and with that label it will probably get replaced by something else. The challenge will always be there for them to remain an active part of peoples lives and I suspect they will have to quickly look at acquisitions to keep their growth going. Some analysts are already saying that investors have put huge hopes on a launch in China but old ways die hard and I wouldn't be banking on that move any time soon.

So once you peel away the layers of components that make up Facebook what are you left with? Is there a real service that is being provided and one that is unique? As an investor this gives me a heads up as far as where to plant my money in the social media space. If Facebook can hold up and even run then the implications to the market of others will be huge. The real money for the little guys will be finding those other entry level social media plays that don't have the word billions already attached to their name. I don't know anyone who is planning on buying shares of Facebook once the big show gets started. I do know people investing right now in ground breaking social media companies though.

People I know are starting to call "ortsbo" a social media phenomena and they are saying this because its record of growth seems to have out paced Facebook. The growth curve if you dare to compare them is compelling. Yet Ortsbo and its master company Intertainment Media have quietly moved forward with a relatively modest increase in its share price. The numbers are staggering in my opinion.

About Ortsbo Inc.
Now with over 100 million unique users in over 170 countries and territories, Ortsbo (www.ortsbo.com) enables real-time conversational translation for more than 50 languages. Ortsbo's flagship product for social media supports global communications with instant translation capability and real-time, multi-lingual social media chat. Ortsbo's technologies support major social platforms including MSN, Google, Facebook, Twitter and Yahoo!, as well as all major desktop and mobile operating systems, browsers and devices. Ortsbo, based in Toronto and with offices in Los Angeles and New York, is a subsidiary of Intertainment Media (www.intertainmentmedia.com).

Part Of A Recent News Release:

Intertainment Media Provides Update on Ortsbo Spin Out and Announces $20,000,000 Lead Order

TORONTO, ONTARIO--(Marketwire - May 1, 2012) -
Intertainment Media Inc. (TSX VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) ("Intertainment") is pleased to provide an update on the spin out of Ortsbo Inc. ("Ortsbo") previously announced on February 28, 2012. Ortsbo has engaged M Partners Inc. ("M Partners") to act as its financial advisor and sponsor in connection with the Qualifying Transaction ("QT") with Capstream Ventures Inc. ("Capstream") (TSX VENTURE:CSP.P) and concurrent private placement of subscription receipts (the "Offering"). The syndicate will also include Salman Partners.
The Offering will be in the form of subscription receipts of Ortsbo at a price of $7.00 per subscription receipt, which will convert into units (the "Units") of Ortsbo at the closing of the QT. Each Unit will consist of one common share and one half of one common share purchase warrant of Ortsbo, with each whole warrant being exercisable at $10.50 for a period of 24 months from closing of the QT. Proceeds from the Offering will be placed in escrow and will be released to the resulting issuer upon closing of the QT (the "Resulting Issuer") and the listing of the Resulting Issuer's shares on the Toronto Stock Exchange. The Units will be exchanged for similar securities of the Resulting Issuer, on a one-for-one basis, pursuant to the QT (with the exercise price applicable to the warrants to remain at $10.50 subsequent to such exchange).
Ortsbo has entered into a non-binding term sheet setting out the terms for a lead order for a minimum of $20,000,000 from a strategic investor in connection with the Offering. The strategic investor is an international investment fund with a focus on investing in emerging growth companies. The strategic investor (and any other subscriber that invests a minimum of $20,000,000) will receive one full common share purchase warrant for each Unit purchased under the Offering (rather than one half of one common share purchase warrant of Ortsbo). All of the securities issued to the strategic investors will be exchanged for similar securities of the Resulting Issuer, on a one-for-one basis, pursuant to the QT (with the exercise price applicable to the warrants to remain at $10.50 subsequent to such exchange).

CONTENT POSTED ON THIS BLOG DOES NOT CONSTITUTE A BUY OR SELL RECOMMENDATION. MANY OF THE COMPANIES PROFILED HERE I AM NOT INVESTED IN AND DO NOT INTEND TO INVEST IN. THESE ARE MERELY MY THOUGHTS ON MARKET CONDITIONS AND STOCK VALUATIONS. INVESTING IN THE STOCK MARKET CAN BE VERY RISKY AND YOU SHOULD ALWAYS CONSULT AN INVESTMENT PROFESSIONAL BEFORE MAKING ANY DECISIONS. ULTIMATELY YOU ARE RESPONSIBLE FOR CONDUCTING YOUR OWN DUE DILIGENCE AND PROTECTING YOUR MONEY.