- This topic has 38 replies, 10 voices, and was last updated 12 years, 7 months ago by
markmax33.
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April 23, 2012 at 1:35 PM #742037April 23, 2012 at 2:36 PM #742038
Allan from Fallbrook
Participant[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.
April 23, 2012 at 3:27 PM #742040The-Shoveler
ParticipantI really don’t know why Facebook is so popular,
I kind of really liked the original Idea of “no one really knows you’re really a dog!”
ARF!! LOL
I mean when employers started asking for your Facebook passwords, that should have been the writing on the wall, these people obviously never read “George Orwell 1984” or watched Brazil.
I could see a kind of revolt against it sometime in the future really.
I mean If my employer required us to have a Facebook account I would quit !!
Other than that anyone paying attention to Europe, seems like the experiment is about to implode.April 23, 2012 at 3:45 PM #742041Participant[quote=The-Shoveler]
I mean when employers started asking for your Facebook passwords, that should have been the writing on the wall, these people obviously never read “George Orwell 1984” or watched Brazil.
[/quote]“Brazil” is a definite classic. Monty Python meets Orwell (literally). That whole “Buttle versus Tuttle” was hilarious, until you consider what happened to the unintentional victim in those circumstances.
I know a guy in the intel community who said that it would’ve taken the CIA decades to accumulate the level of info/knowledge that Facebook aggregated in just a few years. Not only that, but intel agencies now carefully track social media actively. Why do you think the Chinese government is so fearful of it?
April 23, 2012 at 11:41 PM #742060ParticipantReport on Facebook Q1 numbers, with actual facts and metrics.
The last few paragraphs are especially instructive. Well, they are if you use logic and common sense when you invest.
April 24, 2012 at 8:27 AM #742079
CoronitaParticipant[quote=Allan from Fallbrook]Report on Facebook Q1 numbers, with actual facts and metrics.
The last few paragraphs are especially instructive. Well, they are if you use logic and common sense when you invest.
Zynga down another 6% today. It definitely is in freefall.
April 24, 2012 at 9:33 AM #742086sdrealtor
ParticipantFlu
You just dont get it! Down is Up! The further it goes down the more room there is for it to reach its infinite peakApril 24, 2012 at 9:34 AM #742087Participant[quote=flu][quote=Allan from Fallbrook]Report on Facebook Q1 numbers, with actual facts and metrics.
The last few paragraphs are especially instructive. Well, they are if you use logic and common sense when you invest.
Zynga down another 6% today. It definitely is in freefall.[/quote]
FLU, FLU, FLU: I thought we had this settled! Facebook, Zynga and Groupon are gonna rule the world! Okay, so maybe Webvan and eToys and all the other Web 1.0 companies “struggled” a little, but these new 2.0 guys are completely different.
If you only you had some background in tech and knew the history…
April 24, 2012 at 9:43 AM #742089an
ParticipantTime for quadruple down?
April 24, 2012 at 9:50 AM #742090Participant[quote=AN]Time for quadruple down?[/quote]
AN: Absolutely! sdrealtor has it completely right: The upside is infinite.
I’d also follow sdr’s recommendations on wine choices, too. You’ll probably want to be heavily soused prior to placing your bets, um, I mean making your stock purchases. No reason to drink cheap wine while you burn through all your money.
April 24, 2012 at 10:46 AM #742102CoronitaParticipant[quote=Allan from Fallbrook][quote=flu][quote=Allan from Fallbrook]Report on Facebook Q1 numbers, with actual facts and metrics.
The last few paragraphs are especially instructive. Well, they are if you use logic and common sense when you invest.
Zynga down another 6% today. It definitely is in freefall.[/quote]
FLU, FLU, FLU: I thought we had this settled! Facebook, Zynga and Groupon are gonna rule the world! Okay, so maybe Webvan and eToys and all the other Web 1.0 companies “struggled” a little, but these new 2.0 guys are completely different.
If you only you had some background in tech and knew the history…[/quote]
Hey, stop that. My siblings company underwrote eToys. Granted both company and underwriter ain’t no longer around, but hey still. oh wait, never mind…
April 24, 2012 at 10:54 AM #742104ParticipantWe should make t-shirts:
Down Is The New Up!
April 24, 2012 at 1:40 PM #742136UCGal
Participant[quote=sdrealtor]We should make t-shirts:
Down Is The New Up![/quote]
too late.http://www.zazzle.com/down_is_the_new_up_tshirt-235175468180454629
April 24, 2012 at 2:39 PM #742143ParticipantWe can make a better one. we can include a graph of the ZNGA stock price
April 24, 2012 at 2:43 PM #742144CoronitaParticipant[quote=sdrealtor]We can make a better one. we can include a graph of the ZNGA stock price[/quote]
I prefer my 3 most favorite quotes from web 1.0 companies
1. The greater the loss, the more glorious it is.
2. It might cost us $4 to sell something $1, but it’s all about the revenue.
3. Don’t look at the number being red, just take the absolute value of it. That’s all VC’s care about anyway, because it represents how many eyeballs we’re spending on.
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