Hi,
I've seen a few of your other posts.. welcome..
Q. Do you think that Facebook could use some conversion rate optimization?
A: I would be shocked if there isn't a team (if not an army) doing this now.
Q. Do you think that Facebook could be doing more than they are to make more money?
A: Sure and I suspect they are working on it.
Q. Do you think that Facebook (being such a powerful site), could make a lot of money by implementing an SEO/Content strategy?
A: I'm not FB usability expert, but I would invest in improving their site search capabilities first. Just an opinion.
mas