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Sounds like a pyramid scheme where earlier investors continue to dupe later investors. Eventually it's my 401k that loses out when all of this blows up when you
by apphacker 16y ago
Sounds like a pyramid scheme where earlier investors continue to dupe later investors. Eventually it's my 401k that loses out when all of this blows up when you run out of investors. I hate the stockmarket. If you want to make money, sell a service or make a widget.
- frederickcook 16y ago>>Sounds like a pyramid scheme where earlier investors continue to dupe later investors. Funny way to put it, but it kind of is, except that it isn't previous investors duping new investors, it's just an investor mentality. People are still buying into Facebook at a $15B valuation with no real precedent for a company like them being worth that much. It will be really interesting 5-10 years from now after they've IPO'd/been-acquired/fallen-out-of-favor where their revenue and market cap really settle.