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This is hardly supprising at all and anybody who had a serious look at the IPO and facebook could clearly see that its value was based alot on hype. Not like F
by Zenst 14y ago
This is hardly supprising at all and anybody who had a serious look at the IPO and facebook could clearly see that its value was based alot on hype. Not like FB would argue there price down and it was certainly not in the interest of the banks helping to launch this IPO. Only people hurt were those who blindly went and brought shares on day one when everybody else knew if they wanted facebook shares that they were better of waiting a bit until the true value was reflected in the share price.
Now sad part is that there now in a position were they have to do knee-jerk responses to maintain the hype and in that as many have said they are diluting there trust with there user base by doing adverts saying such and such a friend got this or liked this when IRL that friend will say they did not and is news to them. That is a level of marketing that is akin to fraud.
I do wonder what the advertising laws are like in comparision to TV adverts and online adverts - laws need to catch up to reality and fast or it will just carry on.