WHO IN THIER RIGHT MIND WOULD PAY $38.00 A SHARE FOR A SOCIAL MEDIA AS FACEBOOK? PEOPLE COMPLAIN ABOUT THE HIGH COST OF GAS, DID YOU NOT NOTICE THAT WARREN BUFFETT PUT HIS MONEY INTO GM MOTORS AS THEY DROPPED THERE ADS ON FOOLSBOOK.
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of course we are that stupid. Just look at all those complaining about gas prices and they can't pay thier bills. Yet are taking vacation to watch pro sports teams at super inflated prices. Or how many
of them went out and payed for expensive moves and popcorn? Or paying big money to have the newest phone? Yes we are that stupid.
So don't buy it. I will take a look in a few weeks/months when all the IPO frenzy is behind us.
TECH STOCKS MAKE ME SO ANGRY!!!!!!!
Most IPOs are over hyped. Facebook is a money maker, but not to the extent of the present stock value. The Facebook crowd needs to better define their business model to reach out to small companies to prove their worth of advertising on Facebook. GM cut their advertising, but not their Facebook page.
Originally Posted by slice:
WHO IN THIER RIGHT MIND WOULD PAY $38.00 A SHARE FOR A SOCIAL MEDIA AS FACEBOOK? PEOPLE COMPLAIN ABOUT THE HIGH COST OF GAS, DID YOU NOT NOTICE THAT WARREN BUFFETT PUT HIS MONEY INTO GM MOTORS AS THEY DROPPED THERE ADS ON FOOLSBOOK.
We'll assuming the internet and innovation industry is the big thing, I'm guessing a lot of people who want to make money. While time will tell and facebook will still need a viable base business model, they are primed to be a hub of many, many future innovations in tech industry. Heck, look at what kind of companies have done well stock-market wise in the resent past; Google, Apple, etc. Not sure what your gripe is, other than almost incomprehensible, but I'm assuming you don't see facebook past being just a website. Big money on the web.
LOUD NOISES!
IS THERE SOME KIND OF CORRELATION BETWEEN GAS PRICES AND THE FACEBOOK IPO?
WHY AM I YELLING?