Brian Patrick Cork the article below ↓ is rather fair. it tells you what a mindless journalist thinks.
so… I suppose it’s fair – if you care about things that are pointless.
meanwhile, what it made ME think of is that investors should have known better than to buy the IPO stock. and, I did warn you, here: why other people should buy Facebook (stock).
Facebook is not about financial value, or societal value. part of this is because the Facebook platform is deeply valued by people like divorce lawyers because it’s a great way to find cheating spouses. it’s also great for HR managers that don’t really know how to recruit but want to find the pictures of you doing things you don’t really (after thinking about it) want people to see, so they have an excuse not to hire you.
purchasing Facebook stock at the IPO, and thereabouts, makes you a terrific example of Darwin’s theories around Natural Selection.
oh… and, Barack Obama probably appreciates the whole IPO thing – but mostly because it has drawn more attention away from his own shenanigans. but, you can argue that Obama’s presidency is a lot like Facebook’s IPO, right? a lot of promises, but everyone that wanted the change, and bought in the media-hype, feels like they got taken for a ride.
so… maybe it’s the media that is the truest villain with all of this. they fuel unrealistic expectations and overly tout things that create collateral damage, just like Facebook and…