Facebook stock is still struggling . . . Earnings estimates are almost laughable . . . Some of you are too young to remember the first tech bubble but it was full of even more stupid self confidence than current "social media experts" trying to survive the imploding advertising/marketing world. To wit . . . I just wanted offer this quick place holder that I can point to when this stock hits $5 and everybody finds a new place to pretend to have a social life.
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Yes the all mighty fantasy multi billion dollar company that makes it easy for technologically illiterate people to upload goofy face pictures and make idiots out of themselves.
ReplyDeleteThe Social Media Bubble exploded last Friday when the opening bell rang and Facebook stock tanked withing the first 30 minutes to new lows. Social MEdia Social MEdia!!! Hilarious.
ReplyDeleteClassic case of SuperHYPE to unload the shares on the public before overall market tanks (insiders want cash). Also watch other IPO's, e.g. Carlyle Group (these are insiders like Bush and BinLaden families).
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