I am buying Facebook. I bought Apple when it came out and people called my stupid. Yes I am now a rich stupid guy. Don’t buy Facebook I don’t care but trust me I will get even richer. I am excited about the opportunity. People actually tried to talk me out of buying Walmart, McDonald’s and Apple among others. Get out of my portfolio people. However, I would recommend not letting this opportunity to get away from you. The very people who tell me about how dumb it is to invest in stocks are the very people losing their homes, credit cards with max balances and raiding their 401Ks. We have some serious idiotic people who know NOTHING about money. Sad really.
I have no comment on the Facebook IPO, but I would never be a Facebook user.
Let me see how this works. I turn over as much personal data as I can to a private company who then owns my data in perpetutity, and sells it to advertisers. The company feels free to invade my privacy (which I have stupidly given away) and probably shares the data with the government. Anyone who uses Facebook is a complete fool.
That means right now it's a good time to come up with next Myspace or Facebook that actually appeals to people.
People like their privacy and that is why both web sites grew, but when users lose their privacy, slammed with garbage that is when the web site goes.
Then again once you made your first Billion, then why would you even care anymore?
And the one's who posted frequently seemed like attention whores.