The following video is part of our "Motley Fool Conversations" series in which technology editor/analyst Brenton Flynn discusses topics across the investing world.

It's no secret that Facebook shares have struggled since their IPO last month. In fact, there has been so much publicity, much of it negative, toward Facebook and its future prospects that some might lose sight of any opportunity that might present itself for long-term investors. While the company's near-term outlook isn't rosy, the fact remains that Facebook owns a powerful consumer platform and massive amounts of data, two things that can't be overlooked. With that in mind, Brenton points out three events he's waiting for from Facebook before he'll consider buying shares.

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.

Brenton Flynn has no positions in the stocks mentioned above. The Motley Fool owns shares of Facebook and Google. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.