It also allowed many others to see that you are not home. Geo location will be a huge security flaw in the future. Add this to that fact that people post there favorite sports teams, foods, places, etc. and passwords are now easier to crack then ever. No need to worry about government tracking and cameras being placed everywhere.
An interesting comparison with Google: http://www.businessinsider.com/chart-of-the-day-google-facebook-yahoo-revenue-2010-12
I think many of us have a hard time understanding this stuff because we are not a part of the mainstream consumer economy. We are detached/not interested in what the majority of people are doing or wanting. We do not have a secret desire to be "whore for a day" and thus are not interested in facebooks "transparency". At the same time, we have zero interest in knowing more about what our "friends" are doing at any random moment. We see modern movies as mostly trash, most gadgets as useless, and things like coupon sites as a form of mental clutter. For us the whims of the mob are pleasantly distilled into flashing numbers on a screen, and that is the way we prefer it.
http://www.forbes.com/2011/01/05/go...tment-faces-sec-scrutiny-marketnewsvideo.html But, the question is whether Goldman counts as a single investor in the case of its new investment vehicle, or whether the individual investors with money tied up in the product should be counted individually. The Journal said the review is in its initial stages. The newspaper noted that Google's decision to go public was partly due to it having exceeded 500 investors.
The question is...what kind of return do these investors think they are getting? They buy 1% of the company for 500 million dollars giving FB a valueation of 50 billion, but how much higher do they think FB is going to go? Do they think it will go to 500 billion? This is akin to people that bought 2bd 1 bath houses for $500k at the height of the real estate boom, thinking that they would cash out in a few years for double what they paid. its not going to happen. The only guys making money on Facebook are the guys who founded facebook.
Good points, but Goldman's thinking could be this: I gave an artifical inflation to FB's valuation with this money infusion, thus when I take FB public, hopefully it will stay at least this high and there will be plenty of interest and new money after the IPO. So the return on this investment might not be high, but we still make a shitload on the IPO. As long as they don't lose money with this infusion, Goldman is golden... Also, as in the other thread someone pointed it out, they probably want Zuckerberg as a client for the future..
facecrap has captured the same goofballs that made AOL an overpriced wonder. only the web has even more goofballs than aol had access to.
Exactly, every time someone comes out and throws money at facebook they up the valuation on the company by billions and billions of dollars. No one has any comprehension of what a bubble is, its happening all over again not only in the overvalued dot com but everywhere else and the reason being is because of the trillions in the system and the QE's by Bubble ben bernanke. These historical low interest rates along with the trillions of dollars thrown around the economy is creating this euphoria once again. There was no reset in our economy. Since the beginning of the economic downturn they have pumped the system with incredible amounts of stimulus and with that being said the next bubble and crisis will be here within just a few short years. As you said its just like the housing bubble that NO one saw coming, everyone thought they could go out and buy a house for $800k and sell it 6 months later for $850k with no money down or income verification. Fast forward and here we are today placing astronomical values on dot coms once again. No one ever learns when it comes circumstances such as these and the reason being is because there is no such thing as failure anymore, with the fed backing everything up there is little to no fucking risk left in the system and that will one day lead to a crisis 100X worse than the one were in right now.
Can I ask why people need to "check in" when entering a mall or restaurant, I need to know what the fascination is all about, why they need to tell people every fucking thing they are doing on a second to second basis. Why people post worthless posts of what they are eating or that there going to take a walk, are people really that pathetic that they need to tell people what they are doing. I'm hoping and yelling that this is just a trend that last another year or so because this is just a sad society we live in today.