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It's a bubble. I don't beleive it can sustained over time. So simple apps sold for huge quantity of money
by pcocko 13y ago
It's a bubble. I don't beleive it can sustained over time. So simple apps sold for huge quantity of money
- abc_lisper 13y agoI can't believe it either. Few miles from FB and Whatsapp is Tesla, people consider it massively overvalued at 25Billion. It is almost laughable. When you are a compulsive liar, people catch up to it, and you will all live in a lie world. This is very close to how Ponzi schemes work. Billion is a lot of money. Since FB lied through their teeth, considered themselves demigods and levied idiot tax on poor investors, it is their time to turn around and take it in the rear. Come on guys. 16B$?
- frandroid 13y agoWhat lies are you talking about?
- abc_lisper 13y agoI view FB as a very dishonest company. Here are my reasons. 1) Hiding stuff from users, stuff that is personal to users and putting it for sale. It is not like they make it easy to change options either. 2) Mark said on more than one occasion that he wants to make the world a open place. His actions don't reflect it. Remember, the one time somebody hacked into his FB account(or somehow got access to pics) and posted his personal pics, and FB was not too pleased about it. There was even a press release about respecting his privacy(!!). 3) Not too long ago, FB made ties with Republican faction for H-1B visas. Not too wrong with it(I am on H-1B myself), but they supported a Republican bill that has to do with environmental protection(went against it), to gather support for H-1B visas. It's almost like they would go to any lengths to get their stuff done. I find it hard to believe they(FB) have idealistic goals.