[quote=flu][quote=markmax33]Groupon is not even close to an internet 2.0 company. It masquaraded as one, but once they revealed their financials before the IPO it was clearly not a viable business model.
The real internet 2.0 companies will be based around click through advertising on the web and will grow tremendously. Companies such as Google/Facebook/ZNGA that have integrated ads will have tremendous upside while the world goes digital.[/quote]
Errr. Check out zynga’s stock price too? And their secondary offering that was priced well below then current market price……
hmmmmmmmmm[/quote]
FLU and AN: Sadly, you guys are trying to teach a pig to sing.
You remember that old quote: “Never teach a pig to sing, it wastes your time and it annoys the pig.”
We were all here for the wondrous dot.bomb era and we all remember the “New Economy” and how all the important financial metrics didn’t matter anymore; now it was all about “eyeballs” and “traffic” and all that other bullshit. Whoops. We all know how that turned out.
Unfortunately, that lesson was lost on this latest group of acolytes, all of whom prattle on about the “New, New Economy” and argue a whole new set of nonsense.
Facebook is a fundamentally unsound investment and now for no other reason than it dropped ONE BILLION DOLLARS on an unprofitable company with 15 employees and zero history. If that purchase isn’t setting off alarm bells all over the place, then you’re an idiot and you should be rightfully parted from your investment money.
