Discussion in 'Stock Market' started by tenthertoo, May 16, 2012.
The 100 BILLION dollar facebook IPO. Sheesh!!!
Not lucky just willing to fight fro freedom
The only thing that organization has to show for equity is office chairs and computers.
Go for it everyone has the right to do stupit stuff.
I doubt the share value will ever get much higher than it is now.
WTF does Facebook produce? Ad revenue? Demographic data? It's nothing but a bunch of fucking electrons whizzing along cables and airwaves. Keystrokes. What a racket.
Their biggest asset is popularity and the lack of the next big thing, which is obviously inevitable.
It's going to take some innovation towards the mobile market to keep them relevant over the long-run.
It's nothing but an electronic billboard. No hard physical goods manufactured, no raw materials forged into tangible assets, nothing added to real GDP. It's just one giant vaccum sucking in electromotive force and spewing forth... nothing.
There is nothing wrong with running a company like this. If anything this is exactly how you want to run a company. Huge revenue, small staff, low overhead. It is a dream company. Their only problems now is, can they grow, and will they stay popular, or go the route of MySpace. I don't really see how they can grow, unless they go the route of google and begin to acquire other businesses. Then again, what do I know?
There is also nothing wrong with a service based industry. Half this country works in service based industries. To say they add nothing to GDP is blatantly false. Just because you can't hold what they sell, doesn't mean it doesn't have value. For example, I would rather have a live in maid/cook, then a new TV.
What does Google produce?
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