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Sunday, May 20, 2012

FaceBook $$$$$$$$$$$$$$$$, What's It Really Worth?

CARTOON BY STEVE BREEN
WE ARE MAKING GREAT THINGS HERE IN THE UNITED STATES.  FACEBOOK IS THE LATEST EXAMPLE.  "CAN WE FRIEND YOU?"  SUDDENLY AND WITH MUCH WARNING FACEBOOK HAS BURST ONTO THE ECONOMIC SENSE WITH IT'S I.P.O. (INITIAL PUBLIC OFFERING) ON THE STOCK MARKET.  NOW WE HAVE THOUSANDS MORE BILLIONAIRES AND MILLIONAIRES IN AMERICA MOST IN CALIFORNIA WHERE THE POLITICIANS IN SACRAMENTO ARE LICKING THEIR CHOPS FOR THE ANTICIPATED TAX REVENUES COMING INTO THE ONCE GOLDEN STATE.  BUT WAIT, WHAT DOES FACEBOOK PRODUCE?  WHAT DOES IT MAKE?  WHAT WILL IT LEAVE US WITH IN 10-20 YEARS?  WHAT IS THERE HYPED PRODUCT?  FACEBOOK IS NOTHING MORE THAN AN ADVERTISING GIANT THAT WILL BE REPLACED IN A FEW YEARS BY ANOTHER.  BOTH PRODUCE NOTHING AND CONTRIBUTE NOTHING TO THE REAL WEALTH OF THE NATION.  NO FOOD!  NO CLOTHING! NO SHELTER!  JUST ANOTHER TECH BUBBLE THAT WILL BURST LEAVING MILLIONS OF INVESTORS WONDERING WHAT HAPPENED.  THOSE NEW MILLIONAIRES AND BILLIONAIRES WILL SPEND MILLIONS BUYING NEW HOMES, CARS, CLOTHES, AND THOUSANDS OF OTHERS THINGS AND THAT WILL HELP THE ECONOMY, BUT IN THE END THIS BUBBLE WILL BURST LEAVING TENS OF THOUSANDS TO PAY THE PIPER AND COSTING THOUSANDS THEIR JOBS.  JOBS THAT WERE BASED ON A FLEETING CLOUD OF PROSPERITY.  THIS IS WHERE THE COUNTRY IS TODAY, GRASPING AT STRAWS AND PRODUCING NO REAL WEALTH!
IF YOU WANT MORE DETAILS THAT JUST MUDDY THE WATERS GO TO ANOTHER SITE THIS IS NOT THE PLACE FOR YOU!
STOP OBAMA IN 2012! GET YOUR Defeat Obama in 2012 WIDGET. FOLLOW LINK FOR DETAILS.

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3 comments:

Sandee said...

I don't do Facebook! I don't know what it produces except for a headache. I will say my brother in law is trying to buy stocks in Facebook. I don't get it.

Don't get me started on California.

Have a terrific day. :)

Left Coast Resistance said...

Way to go Ron. California is on it's way out ... Check Left Coast Resistance tomorrow ... Odie

Right Wing Theocrat said...

I'm sure the stock will hang around for a while, the herd doesn't usually realize the folly of its path for a while.

Personally I see facebook as a way to waste time, it's not something that generates money in a clear and unique way. So from and investment point, it's not something unique or worthwhile.

I suppose if you're a stock broker, you'll be happy to take the commission from fools excited to own a bit of facebook.