The following video is part of our "Motley Fool Conversations" series, in which Chief Technology Officer Jeremy Phillips and senior technology analyst Eric Bleeker discuss topics around the investing world.

Facebook is down significantly from its IPO price, so many investors are wondering whether now is the time to buy. In this video, Jeremy and Eric discuss what they want to see in Facebook before they'd consider buying the stock. While the stock price is important, it has almost nothing to with their buy decision. They discuss the fundamental actions Facebook needs to take as a business to make it investable, and why investor focus on other measures of non-ad monetization are off the mark.

Facebook recently became the largest company ever to IPO. Yet all the buzz around this social-media monster could prove off-base, as Facebook has deep problems converting its millions of members to revenue. We've created a new report, "Forget Facebook -- Here's the Tech IPO You Should Be Buying," that details a much better social-media stock that has a longer runway for growth than Facebook. The report won't be available forever, so click here to get access today -- it's totally free.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.