richardhutnik on 23 May 2012
| Kasz216 said: Interesting. Hadn't heard the Insider trading allegation yet. All together everybody handled the Facebook IPO about as awful as possible. You'd think it'd of got a bump from "regular" investors otherwise just pumped by the name. |
This is getting to be Dotcom 2.0: Electric Boogaloo, in that valuation is based on hype, and things that aren't tied in any way to reality, just expected future returns. As it is now, Facebook is a symbol of what is going on, and what goes on in Bubbles. Due to a lack of growing sectors (well, outside of Green, and look at how that is going), investors are looking for anything with a buzz to it. So, they are piling in on the latest hype factor, and overvaluing things, which produces a bubble. No one bothers to stop and think exactly what Facebook produces. Nope, it is just seeing the hype and hoping to cash in early on it, which ends up being too late.
Ok, I will step aside while you can go and frag Groupon.
