Comments on: UPDATED: Plain IPO, Or A Planet Unto Itself?

By: Myron Pauli

Myron Pauli — Sun, 20 May 2012 14:38:27 +0000

I believe in capitalism because it is the one economic system compatible with human liberty.

That does not mean the market makes mistakes. The market makes mistakes all the time but, in the long run – unless distorted by corrupt government coercion – it is self-correcting.

However, a share of stock is a piece of paper. My can of tuna will still be a can of tuna one year later. A share that sells at $ 38 today could be $ 380 in a year or $ 3.80 a year later. The market is dominated by fads and herd thinking – e.g. 90% bullsh*t floating on a bed of 10% reality. While there is often money to be made, it is good to approach with skepticism.

By: CompassionateFascist

CompassionateFascist — Sat, 19 May 2012 21:35:51 +0000

I really, really hope you didn’t buy any FB stock at “$38-$42”, Ilana….@ http://zerohedge.com/news/guest-post-failbook%E2%80%99s-epic-fail-does-zuckerberg-want-users-pay

By: Nick

Nick — Sat, 19 May 2012 11:17:24 +0000

Con job? You gotta lose something to be conned, last time I checked. And besides, if having imaginary friends is all you do in facebook, then you might be one of those people who ‘hang out’ on facebook, rather than use it.
For one thing, facebook is the easiest and most reliable ways to centralize information among those to whom it is relevant (almost every spiel I’ve been involved with has a secret facebook group which centralizes pertinent information). Another thing, you can pump a lot more info through facebook than through conventional means (e-mail), though at this point, facebook sharing is a conventional mean.

By: rebel without a Clause

rebel without a Clause — Sat, 19 May 2012 00:48:30 +0000

No, facebook is a con job, perpetrated by a perpetually-grinning mega-thief. As a child, I had only one or two Imaginary Friends. Now, I have hundreds. So exciting. But, thank God, no stock in the bogus Company. Said stock will, of course, be briefly run up by the Wall St. Banks, their HFT computers, and Fed Reserve funny money. Zucker-bait. Soon enough, though, along with all other dollar-denominated paper assets and the dollar itself, it'll be ashes blowing in the wind...a wind whistling through the vacant, corpse-filled canyons of Ilana's favorite city.