- Ok, this is the first of what will become, I'm sure, a long running series.

Things I don't understand:

- Facebook is going public and it is somehow being valued at $100 Billion or more?

Why?

This would make Facebook more valuable than most companies that actually, you know, make things.

Evidently, Facebook is 'used' by something like one out of every nine people on the planet.


  • I call bullshit on that.  I have a Facebook account that my daughter insisted that I 'must' have.  I logged in exactly three times, two years ago, and haven't been back.  I still get their alerts (that I've found no way of stopping) but I've not been back since they flooded my inbox with the first round of crap and I started getting 'poked' by people who claim to have been in 3rd period English with me in the 7th grade.
    • What possible reason would anyone have for striking up an uninvited conversation with someone they haven't seen in more than 40 years as of everyone ere friends??
    • I can't be the only one to have looked and bailed
  • On the way home yesterday NPR was going on about the IPO and claimed that for it to actually be profitable, Facebook would have to have their fingers in something like every third ad WORLD WIDE by 2020.
    • Let me say that again.  Every Third Ad.
    • This would mean that either the advertising budget of the entire world would have to do something like quintuple in the next 8 years
    • -OR-
    • Just about every current source of advertising would have to collaspe to levels that would be positively microscopic compared with today.  That means radio, Television (Broadcast and Cable), bill boards, and every other ad source on the Internet would have to get by on much less.
  • Am I the only one to see a problem here?

Now, I'm not claiming to be a financial genius or anything, (Though I still think I could lose a billion dollars more efficiently than that strutting idiot Dimond of JP Morgan.)  but this doesn't make a lick of sense.

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