Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
This is the movie Idiocracy realized. People's 401k pension plans own pieces of this junk.
You know we have lost our collective minds when so much attention is given to prepare students for "today's" jobs while abandoning trades, manufacturing and other necessities. Yesterday's announcement that King Digital Entertainment of Candy Crush fame is filing for an IPO is more proof that we are living Idiocracy now.
This post needs to be etched in stone and dated for future generations to ponder.
What kind of signal does it send to society, that instead of fixing roads, bridges, constructing buildings, patenting inventions, biological research, tinkering, and undertaking traditional methods of wealth creation the best shot of getting ultra wealthy these days is making a stupid app which hardly solves a real problem? Tell me, how big of a problem does WhatsApp solve? Carriers nowadays don't even really charge for txt messages. This app is faded glory already, and Zuck is overpaying an insane amount.
Well, the global social media index ETF is up almost 100% from a year ago, so there is no need to feel bad for them lol. It could drop in half and the people who own SOCL would still be very happy.
Well, the global social media index ETF is up almost 100% from a year ago, so there is no need to feel bad for them lol. It could drop in half and the people who own SOCL would still be very happy.
Well, the global social media index ETF is up almost 100% from a year ago, so there is no need to feel bad for them lol. It could drop in half and the people who own SOCL would still be very happy.
Only if they bought it 1 year ago and sold it.
However if someone bought the fund in November of 2012 and sold 1 year later, they would've been pissed because they would've lost about 20% or so....
America will awaken from its slumber and realize that in order to advance society and maintain a vibrant economy one will actually have to make something of true value.
The future is next generation power, transportation and building products that address a growing global population as well as products that improve the health of our citizens. These products focus on the efficient use and conservation of our precious scarce and natural resources while preserving our planet for future generations. This is a critiical need for our future. This is where our best and brightest should be rewarded. Not keeping the masses complacent in a zombie-like state as they play Candy Crush and lol with friends as their real wages and standard of living continue to decline.
This post needs to be etched in stone and dated for future generations to ponder.
What kind of signal does it send to society, that instead of fixing roads, bridges, constructing buildings, patenting inventions, biological research, tinkering, and undertaking traditional methods of wealth creation the best shot of getting ultra wealthy these days is making a stupid app which hardly solves a real problem?
When the slinky, silly putty, and slap bracelets came out did you ask what world problems they solved? Were you concerned about the "signal" they sent to society?
In a free market economy profits are not doled out according to how much public good something does or according to concept_fusion's arbitrary opinion of worthiness. If you want a country where capital is allocated according to public good you're living in the wrong country. Try Cuba or Venezuela.
Quote:
Originally Posted by concept_fusion
Tell me, how big of a problem does WhatsApp solve? Carriers nowadays don't even really charge for txt messages. This app is faded glory already, and Zuck is overpaying an insane amount.
And why do you think that is? As recently as a few years ago they were gouging the everliving hell of everyone on text messages with markups of as much as 10,000%. In 2009 the Senate held hearings and investigated the carriers for violations of the Sherman Antitrust Act for collusion after all four major carriers "coincidentally" started charging 20 cents per text.
They don't charge for text messages now because they can no longer get away with it thanks to services like WhatsApp. The "problem" they solved is that they made it so that AT&T and Verizon's giant corporate schlong isn't rammed quite as far up everyone's rectum.
Last edited by EugeneOnegin; 02-20-2014 at 05:25 PM..
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
