Facebook Stock Could Hurt California (San Jose, Montclair: buyers, schools, income)
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Welcome to the web 3.0 collapse ... The valley has become a cesspool of idiocy centered around revenue-less business models centered on social media. "The smartest minds in the world are in the valley right now coming up with creative ways to get people to click on ads" .... The tech industry will be a better place once this foolishness collapses .. It's honestly where all the post-housing bubble money has been sloshing around for years now .. Lots of people are about to lose their hats on this one ..
$28.xx and falling
Also, no word from CALpers who no doubt have big $$ on both FB and Zynga (they love their cali' IPOs). Further, given the dumping of FB stock out the gate, investors will have way less an appetite for future IPOs from this sector.. I am sure the subsequent revenue delays from further IPO delays hasn't been factored in yet either. Just goes to show you the good old pump and dump bubbles haven't gone anywhere.. Neither have the countless number of fools who are necessary to perpetuate it.....
No one forced anyone to buy FB's overpriced stock just like no one forced anyone to buy overpriced homes.
We are fresh off the housing bubble and collapse .. YET .. YET .. people still haven't learned their lesson. They haven't because what fuels such action is a perceived opportunity to make $$.. People don't use their heads .. confidence is through the roof .. and they take the leap and fail. When they fail, hindsight is 20/20 and they want to blame some big shots for their mis-priced risk.. Blame everyone but themselves.. They are directly to blame and bubbles like this can't happen unless there are people blowing it.. that being said, I might trade FB for a dead cat bounce to $32 or so .. grab 500 shares to start... and gtfo dodge before it falls even further =P
The FB IPO has been way too hyped for way too long. I don't know why people jumped at it- it's as if their investment strategy was "wait for the company to become as valuable as is reasonably expected and then buy in." I thought the best strategy was to get in before growth an value skyrocketed; I guess I was wrong.
FB has been so popular for so long now that I don't know why people think it has that much potential for growth. China already has its own pirated version of FB and I'm guessing other countries have long ago aodpted it or some equialent.
I've anticipated that FB would later become so mimicked that it would progressively hold less of the overall non-occupational social media user base. Do you guys think that will be the case or do you think it will beat present and future competitors?
Interestingly, I was reading an interview with Craig Newmark and a brief history of CL in which it was said that CL has beat all mimickers and competitors. I'm wondering if FB actually will do the same given that it, like CL, is free... at least for now.
One of the things i will be getting into as a venture when I leave CA centers on energy/home. It is a much ignored area and it's mainly because the end products are prohibitively expensive. I hope to target it w/ affordable and reasonable solutions. We'll see how it goes.
The FB IPO has been way too hyped for way too long. I don't know why people jumped at it- it's as if their investment strategy was "wait for the company to become as valuable as is reasonably expected and then buy in." I thought the best strategy was to get in before growth an value skyrocketed; I guess I was wrong.
^ This.. As crazy as it sounds, you don't know how many first time investors bought FB out the gate at $24... Many have come to me after having bought it @ $42 asking me what a limit order is and what they should do .. .. I reply :
What the Zuck were you thinking? *smh
I know exactly what.. the same thing that people were thinking who bought overpriced homes : I am going to unintelligently gamble, hopefully find a bigger sucker to sell it to in order to make money, and cry bloody murder if I don't.
And honestly, this is the root of the housing bubble and all bubbles.. The perceived but false opportunity to make money .... And no one is to blame but the people who throw logic to the wind, don't do research, and literally gamble w/ their money/other's.
Quote:
Originally Posted by sjnative
FB has been so popular for so long now that I don't know why people think it has that much potential for growth. China already has its own pirated version of FB and I'm guessing other countries have long ago aodpted it or some equialent.
Quote:
Originally Posted by sjnative
I've anticipated that FB would later become so mimicked that it would progressively hold less of the overall non-occupational social media user base. Do you guys think that will be the case or do you think it will beat present and future competitors?
My thinking is they will fail to monetize their existing users, **** them off when they try, and will flounder in way of user growth and revenue growth.
Quote:
Originally Posted by sjnative
Interestingly, I was reading an interview with Craig Newmark and a brief history of CL in which it was said that CL has beat all mimickers and competitors. I'm wondering if FB actually will do the same given that it, like CL, is free... at least for now.
CL works for all the many reasons FB will hit issues. Also note, the goal of CL isn't to maximize profit from people who use the service.. FB's problem is that : As you try to monetize the users, there will ofc be friction and I just don't think they will have a big problem doing so. For instance, Timeline. It's a mess and a format conceived to trick your brain into cognitive mode (higher page retention) in order to process the lopsided left->right->left->right uninform layout ... It's a trick to increase page retention and horrible in terms of layout .. Why'd they do it? because longer page retention = $$$ .. So, they hurt usability in order to monetize. This will keep continuing until .. yeah, you get the picture
Funny thing is, I run : Adblock Plus — for annoyance-free web surfing on all my browsers. I actually never knew FB had ads and asked a friend ignorantly how does FB monetize.. He said : ads .. I was like huh? what ads .. he loads up FB in his browser.. I see them.. I dont see them in my browser and I LOL because adblock plus blocks all that crap (google ads included.. you name it) .. I browsed the web for 5min w/ ad-block disabled and I was shocked at how much crap is all over websites related to ads. I guess it sucks for the avg. user to have to dig through such a messy web .. Adblock plus for the win
Forced timeline on FB pissed me off though much as digg's redesign (which ended in its demise) .. reddit took its place.
I used a script to delete all of my post dating years back from FB .. Deleted most of my pictures, stop posting, and just have a bare profile for now. My life wasn't impacted by this change.
In the end, web 3.0 will be more reasonably priced and people will start investing $$$ in real technological progress and this is a good thing for all. Of note : http://www.washingtontimes.com/news/...9eW4guw.reddit Number of high-school students with jobs hits 20-year low
"Because of student debt and low paying jobs, kids out of college are putting off raising families and buying homes. Headwinds on home prices are enormous.
Rather than buy cars they cannot afford, many kids tweet, fb, and send text messages."
Why you would want to advertise to such broke people who spend all day on FB is beyond me .... But hey, companies like to **** away marketing dollars mindlessly on flashy new strategies ... Until they don't : http://www.businessinsider.com/atten...ad-news-2012-5
Last edited by yeahthatguy; 05-29-2012 at 07:15 PM..
I know exactly what.. the same thing that people were thinking who bought overpriced homes : I am going to unintelligently gamble, hopefully find a bigger sucker to sell it to in order to make money, and cry bloody murder if I don't.
Any day now, the Fed and the Obama administration will announce a bailout of the "victims" who bought into this stock.
One of the things i will be getting into as a venture when I leave CA centers on energy/home. It is a much ignored area and it's mainly because the end products are prohibitively expensive. I hope to target it w/ affordable and reasonable solutions. We'll see how it goes.
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.. I reply : 
