Is Facebook’s IPO an exit strategy?
Jennifer
2012/02/02 16:48:40
There’s money to be made on Facebook’s IPO but is it a long-term investment? I don’t think so but there’s much to consider.
It’s no secret that I’m not a huge Facebook fan. All you have to do is read some of my other posts on the topic. I think Facebook’s IPO comes at a time when Facebook is on its way out–out of our lives and out of our gadgetry–for good. I believe that a lot of people have discovered that it’s a waste of time and computing resources. It was cute for a while but now, they’re trying to rekindle interest in this juvenile phenomenon by issuing this IPO. It’s silly but it will make megamillionaires and billionaires out of people who aren’t qualified to deliver pizza. Crazy stuff, that.
I think the IPO is a last ditch effort to breathe life into a failing concern. But, it won’t work. Not for long anyway. I think people will wake up and say to themselves, “OMG, I have invested in something that doesn’t really exist except in Cyberspace. I’ve…I’ve…invested in AIR!”
They’ll wisely pull their money out and Facebook will fall to the wayside.
Goodbye and good riddance.
Although I hate Facebook and I think that the IPO is really just a money grab for those who own stock, let me add this: If I had stock in Facebook, I’d sell it as soon as possible and retire comfortably on my ridiculously gotten gain. Yes, I’d be on the phone to the broker and say, “Show me the money, baby, I am outta here.”
I don’t trust the stock market. I’ve seen fortunes lost in it. It’s the same logic that keeps me out of the casinos. Sure, some people win but the losers far outnumber the winners. I don’t like to lose so I don’t play and I never bet unless it’s a sure thing–and it never is. But, if I were the guy who painted that mural at Facebook and today he might be worth $200 million dollars, I’d take the money and run.
However, there will be people who ride it all the way to the bottom.
It’s no secret that I’m not a huge Facebook fan. All you have to do is read some of my other posts on the topic. I think Facebook’s IPO comes at a time when Facebook is on its way out–out of our lives and out of our gadgetry–for good. I believe that a lot of people have discovered that it’s a waste of time and computing resources. It was cute for a while but now, they’re trying to rekindle interest in this juvenile phenomenon by issuing this IPO. It’s silly but it will make megamillionaires and billionaires out of people who aren’t qualified to deliver pizza. Crazy stuff, that.
I think the IPO is a last ditch effort to breathe life into a failing concern. But, it won’t work. Not for long anyway. I think people will wake up and say to themselves, “OMG, I have invested in something that doesn’t really exist except in Cyberspace. I’ve…I’ve…invested in AIR!”
They’ll wisely pull their money out and Facebook will fall to the wayside.
Goodbye and good riddance.
Although I hate Facebook and I think that the IPO is really just a money grab for those who own stock, let me add this: If I had stock in Facebook, I’d sell it as soon as possible and retire comfortably on my ridiculously gotten gain. Yes, I’d be on the phone to the broker and say, “Show me the money, baby, I am outta here.”
I don’t trust the stock market. I’ve seen fortunes lost in it. It’s the same logic that keeps me out of the casinos. Sure, some people win but the losers far outnumber the winners. I don’t like to lose so I don’t play and I never bet unless it’s a sure thing–and it never is. But, if I were the guy who painted that mural at Facebook and today he might be worth $200 million dollars, I’d take the money and run.
However, there will be people who ride it all the way to the bottom.
Opinions
Leave a comment and start the discussion!