richardhutnik said:
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. |
Hey, you made a post that I agree with!
The thing about the Facebook IPO was that it was so over-hyped. I mean, I follow just about every news outlet on (yep) Facebook... and all of them were hyping this thing up to the heavens. I wonder how many "casual" investors got bitten by this? The fundamentals at Facebook are wrong, there is nothing to hold this stock up.
Frankly, I'm starting to think the IPO was just a huge cash-in by the likes of MS and GS (let's face it, we wouldn't put it past them) who know that Facebook is at its peak.
