If a lifetime can be likened to a day, then this is Happy Hour!
"Suckers" is SO right--as if one couldn't see this coming from the proverbial mile away. The reason the IPO was "fully priced?" Because Zuckerman, et al remember AOL (which obviously the buying public didn't) and are already feeling pressure from Twitter and wanted all their money up front from jump street--no "long-term" thinking there--the pricing said it all..
PS: LOL x a million on the cartoon. ROTFLAFMAO!!
PPS: And if Zuckerman isn't just thinking of taking his money and running and wants to be a long-term "player" in the industry, huge cash upfront (assuming he sold a ton of his stock immediately) allows him to buy a REAL business before the luster (and stock price) fades..
This assumes hubris doesn't come into play, Virg. IF Zuckerberg is smart he'll invest in mainline companies. If not, well then... we've seen this movie before.
Good one! Never having had the money to buy into any fancy fad IPO's, I can at least feel smug today that I'm not in on this one. I'm not even on Facebook, heh. Right, Buck?
Right, Buck?Heh. Right as rain...
You could see this one coming a mile away for certain.I do enjoy FB particularly in the wake of Lex's death. I still feel a little lost without the commentariat at the Mothership - and The Lexicans does help somewhat - but it's nice to continue to share thoughts with the rest of them.Plus in all the hundreds of folks who sent me friend requests to get to the Memorial Page, I've discovered a few more true kindred spirits. Which, there isn't anything wrong with that.
You're correct on your very last. I've thought about goin' back just for the Lex page, but I just can't bring myself to pull the trigger.
Just be polite... that's all I ask.