I read that Facebook is now valued at about $20 Billion -yes $20Billion.
It's called a "Social Networking" site, however what in the Hell is Facebook about and what does it do that provides a huge return on investment worthy of being declared at a $20 Billion value? There are lots of solidly established industrial companies that actually make things and are productive, but they are not even on the stock market, much less valued at $20 Billion.
Out of curiosity, I opened an account on Facebook and I swear it is one of the most obscure, worthless sites on the entire net. All I see is a bunch of boring chit chat, personal photos, and other nonsensical rhetoric (Joe Schmoe"Liked this" or "Share A link", "Invited someone as a friend", "Updated his timeline photo", "Write Something"), etc. etc. The design of the site itself is extremely mediocre and it resembles something put together by a group of high school students taking a class in webpage design 101-A.
I often refer to its founder as Mark "Suckerberg" because anyone that invests any $$$ in that venture has got to be completely gullible. In addition to Facebook being an inflated and overvalued, the current high-riding stock market is phony as a $3 bill and headed for a mega collapse that will be worse than 2008.
It's called a "Social Networking" site, however what in the Hell is Facebook about and what does it do that provides a huge return on investment worthy of being declared at a $20 Billion value? There are lots of solidly established industrial companies that actually make things and are productive, but they are not even on the stock market, much less valued at $20 Billion.
Out of curiosity, I opened an account on Facebook and I swear it is one of the most obscure, worthless sites on the entire net. All I see is a bunch of boring chit chat, personal photos, and other nonsensical rhetoric (Joe Schmoe"Liked this" or "Share A link", "Invited someone as a friend", "Updated his timeline photo", "Write Something"), etc. etc. The design of the site itself is extremely mediocre and it resembles something put together by a group of high school students taking a class in webpage design 101-A.
I often refer to its founder as Mark "Suckerberg" because anyone that invests any $$$ in that venture has got to be completely gullible. In addition to Facebook being an inflated and overvalued, the current high-riding stock market is phony as a $3 bill and headed for a mega collapse that will be worse than 2008.