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I'm addicted to checking Facebook

Their stock price, that is.  Currently $18.06 and likely to fall more in the next couple of months.

It's insane how high people value social media companies given the history and nature of the sector.


( 3 Explications — Derisively explain away )
Sep. 2nd, 2012 01:02 pm (UTC)
x2! I find it amazing, too. I kind of expect facebook to eventually go the way of myspace when the next popular thing comes along but I could be wrong.
Sep. 2nd, 2012 03:28 pm (UTC)
I've been waiting for that to happen, but facebook has yet to die down. Maybe it is here for good.
Sep. 2nd, 2012 03:53 pm (UTC)
I'm thinking that at best Facebook the company will make the facebook website merely a sector of the entire company, and try to become something like Microsoft or Apple. At worst, it'll become another portal like Yahoo or AOL, at a greatly reduced stock price.

We'll see.

I do feel bad for that 80 year old retiree who bought thousands of dollars of shares on the opening day.
( 3 Explications — Derisively explain away )