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JPMorgan Seeks To Buy 10% Stake In Twitter For $450 Million, As Dimon Tries To Copycat Goldman In Opening Tech Bubble Shadow Market To High Net Worth Clients

Tyler Durden's picture




 

The FT reports some disturbing news for lovers of free information everywhere: JP Morgan's Digital Growth Fund is rumored to be in talks to acquire 10% of Twitter for $450 million, or a $4.5 billion valuation (for a service which we have yet to get confirmation is generating any more than token revenue whatsoever). "It is not clear if the JPMorgan fund will make a direct investment or buy out existing investors and shareholders with Twitter’s approval. But the fund does not intend to buy shares on the secondary market, the people said. The deal has not closed." For those unfamiliar with the DGF, it is merely JPM's way to copycat Goldman into "allowing" its high net worth clients to put their money into the latest tech bubble frenzy. "JPMorgan’s Digital Growth Fund was established this month to give rich clients exposure to fast-growing private tech companies, and follows a similar effort by Goldman Sachs to invest in Facebook. The fund has raised $1.22bn to date, according to a filing with the Securities and Exchange Commission. But it plans to raise $1.3bn in total, and will have a maximum of 480 investors, say the people. JPMorgan expects to earn commission of at least $13m from the fund." And since none of these company are quite public, and all of them supposedly trade on a shadow secondary market, the frenzy for which bank can open up the tech bubble market to most high net worth investors, a race for now headed by Goldman with its Facebook investment, has certainly marked the tech top. One thing that is certain is that those who mostly enjoy using twitter as a free information conduit will now aggressively seek to find a replacement that is not backed, and thus at the mercy, of the Fed's favorite bank.

More from the FT:

Besides the Twitter stake, JPMorgan hopes to invest another third of the fund in one other private web company – possibly games maker Zynga or telephony provider Skype.

The final third of the fund will be allocated among six other companies, they said – possibly to include coupons site LivingSocial, or Gilt, the flash-sales site. Twitter will be the fund’s focus. The company has 253m unique users per month, up 85 per cent from a year ago, according to venture capital firm Kleiner Perkins Caufield & Byers.

Internet market research firm eMarketer expects revenues to reach $150m this year.

Kleiner Perkins invested $200m in Twitter in December at a $3.7bn valuation. The JPMorgan valuation of $4.5bn would mark a swift rise in value, and could aggravate concern about of a new tech bubble.

Facebook is now worth up to $70bn on the secondary market, a price considered too rich for the JPMorgan fund, said people familiar with the plans. JPMorgan, Twitter, Skype, Gilt and LivingSocial all declined to comment.

And to think that just over a decade ago AOL (and Friendster, and MySpace) was "the bomb" and nobody could possibly think of anything that could dethrone the now completely irrelevant company...

 

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Sun, 02/27/2011 - 21:19 | 1002601 Dr. Porkchop
Dr. Porkchop's picture

Credit Default Tweets bitchez.

Sun, 02/27/2011 - 21:47 | 1002652 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

[Snort!]

Sun, 02/27/2011 - 23:48 | 1002955 StychoKiller
StychoKiller's picture

Dr. Porkchop, get in this bag, JP Morgue wants to sell you! :>D

Mon, 02/28/2011 - 09:22 | 1003501 Popo
Popo's picture

Credit default nothing.

This is essentially a risk free investment. In the event the company gets in financial trouble again, they'll be bailed out.

They get the upside, you get the downside.

Sun, 02/27/2011 - 21:25 | 1002616 repo
repo's picture

This is all in response to the revolutions occuring in the Middle East.

JPMORGANChase is run by the Rockefellers.  They want influence and control over technology that can be used during an unrest.  Just like it is rumored that the Saudi King wants to own Facebook for $150 billion in order to control it and then shut it down if needs be.

 

 

Sun, 02/27/2011 - 21:32 | 1002623 Ray1968
Ray1968's picture

Nah... I don't think that's the case. They're just trying to keep up with the Goldmans.

Tech Bubble Redux.

Sun, 02/27/2011 - 21:52 | 1002654 Michael
Michael's picture

If I were interested in controlling the world I would do the same thing.

Rothschild owns Reuters which owns AP. These two media giants disseminate all daily talking points to the big 6 news channels.

Time to break up this monopoly with;

The United States Antitrust Law

The United States Antitrust Law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both, or generally to violate standards of ethical behavior. Government agencies known as competition regulators, along with private litigants, apply the antitrust and consumer protection laws in hopes of preventing market failure. The term antitrust was originally formulated to combat "business trusts", now more commonly known as cartels. Other countries use the term "competition law". Many countries including most of the Western world have antitrust laws of some form; for example the European Union has provisions under the Treaty of Rome to maintain fair competition, as does Australia under its Trade Practices Act 1974.

RICO
The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO) is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an ongoing criminal organization.

Sun, 02/27/2011 - 21:55 | 1002678 Careless Whisper
Careless Whisper's picture

and now they own the weather info too. i'm not accusing anyone of planning to frontrun the hedge funds and commodities traders, maybe they just like monopolies.

http://blogs.wsj.com/deals/2011/01/31/rothschilds-buy-majority-stake-in-...

 

Sun, 02/27/2011 - 22:01 | 1002700 disabledvet
disabledvet's picture

they've bought the weather!  they've bought the weather!

Sun, 02/27/2011 - 23:30 | 1002918 dick cheneys ghost
dick cheneys ghost's picture

angry Irishman talks about the financial crisis in 2 minute video. classic

 

http://nakedempire.wordpress.com/

Sun, 02/27/2011 - 23:52 | 1002964 Michael
Michael's picture

I love how the Irish don't hold back throwing the F-bomb around.

Sun, 02/27/2011 - 23:32 | 1002924 Oh regional Indian
Oh regional Indian's picture

Heck disabledvet, they already control it anyways. Now they just want to control dissemination.

So you can stand with hail falling on your head and read "Sunny day" forcast and go nuts with Cog Diss!

And if I were a twitter competitor, I'd be delighted. Once them bankers get you, hockey-stick growth starts to flatten out. You go from being a demand-side, organic company to a supply side, ad-whoring media corporation.

ORI

http://aadivaahan.wordpress.com/2011/02/27/the-fascinating-dr-chippalone/

Sun, 02/27/2011 - 22:44 | 1002832 Moe Howard
Moe Howard's picture

They are so obvious now with the control of the media. If it were the Italian Mafia that was doing the same thing, there would be an uproar to end uproars. But since the people who own the government are doing it... who is going to protest?  Now they are getting close to having a majority of elitists on the SC. The problem is you can't have RICO trials if the lawyers and judges are in their pockets.

 

 

<HELP> for explanation

Mon, 02/28/2011 - 05:36 | 1003365 theprofromdover
theprofromdover's picture

I am not a conspiracy theorist, but if I were the bad guys, buying up ALL the comms. would be the thing to do.

So no surprise. Skype must be def. next.

 

Good thing Egypt, Tunisia, Libya are happening now; gives us in the West the chance to see how momentum runs out if you don't have a viable and and cohesive government-in-waiting. (The generals take over)

Small is beautiful. Every state has to cecede, otherwise you cannot have any real people power.

Sun, 02/27/2011 - 21:37 | 1002628 Atomizer
Atomizer's picture

$2 Billion Federal Reserve Bank Notes Printed 1933/3/20 

I once worked for JP Morgan. We were driven to fail - 1998 Commerical 

http://www.youtube.com/watch?v=HZDBtmdOgps

 

:P

Sun, 02/27/2011 - 21:29 | 1002631 Id fight Gandhi
Id fight Gandhi's picture

Dot rob 2.0

Sun, 02/27/2011 - 21:47 | 1002653 Josh Randall
Josh Randall's picture

Do they plan to bet against their newest clients too like Goldman ?

Sun, 02/27/2011 - 21:48 | 1002655 Careless Whisper
Careless Whisper's picture

Twitter has 253 unique users per month? Oh puhleeze. I don't know anyone that uses the twitt. No one! Maybe the revoltists in some parts of the world use it for communication, but are they the target audience for advertisers?

I call bullshit.

 

Sun, 02/27/2011 - 22:41 | 1002821 Careless Whisper
Careless Whisper's picture

yeah, so. i guess that page alone is worth $10,000,000 ?

dewd, some stupid vid can get 1,000,000 views on youtube in three days. big deal. shanedawson is talented, but how much is his youtube chanel worth? twitter supposedly gets 240 million visitors a month and the shanedawson chanel on youtube gets about 15 million -- so if twitter is worth $4.5 billion, his youtube chanel is worth $250 million???

http://www.youtube.com/watch?v=zhK9hSUHm0g

 

 

 

 

 

Sun, 02/27/2011 - 22:53 | 1002845 Moe Howard
Moe Howard's picture

The only place I see or hear about 'Twitter' is in the old school media outlets and gigantic corporation comcast mscrap cnnfoxconcrap portal news sites. Those idiots are always bringing up this distraction notalents tweet this or that shit. If I ever saw that krutcher clown on the street I'd ram a tweet up his frigging nose followed by whatever camera that is he is constantly flogging everywhere. These are the people who are going to rule the world and they think a bunch of shitty homepages called facemyplace is worth billions and one line comments are worth billions more? These banksters are only good at bribery and corruption, a good thief doesn't leave a trace, these idiots with MERS and default swaps etc - if we ever have trials they are all hanging, the evidence is everywhere. Shit, Bennie Shalome the Printer brags about giving trillions to his European bank masters. Bring on the guillotines; I'll tweet your ass later.

 

<HELP> for explanation

Sun, 02/27/2011 - 23:04 | 1002863 Careless Whisper
Careless Whisper's picture

Bring on the guillotines; I'll tweet your ass later.

if i had a facebook page, i would post that on my wall.

Sun, 02/27/2011 - 23:24 | 1002911 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

I bet Ashton Kutcher could put you in the hospital if you pissed him off enough.

Under your nose, and while you sleep at night, Twitter (and Facebook) are becoming mainstays in the lives of the younger generations. I actually saw a college girl get really, really upset when her 4G iPhone got too low on battery to leave on. I told her that "if you die in the Matrix, you die in real life" and she was like "Yeah!"

Believe it or not, this slave girl is going to be more valuable in the coming Brave New World Order than the older generation of useless fogeys (more years of obedient, profitable labor left in her than them), and after the martial law and the wars, she will still be alive and still addicted to the internet features provided on her iPhone, and non-believers like you or me will be dead or marginalized.

Facebook and Twitter let rumors and inflammatory videos spread like viruses or wildfire in Egypt within groups of friends and between them. Some are predicting that social media will inflame "anti-dictator" movements in Venezuela and Iran next.

For releasing official news, there's really nothing faster than a tweet. Much like traditional media outlets, sponsorship of barely profitable or unprofitable venues pays itself back when it comes to shaping public opinion. The Morgue and The Squid know what the fuck they are doing by getting involved in the funding of Facebook and Twitter. The profits they will make whether investors and the markets value these companies up or down are a nice bonus.

The 6 Monolithic Corporations That Control Almost Everything We Watch, Hear And Read

Mon, 02/28/2011 - 06:51 | 1003383 Overflow-admin
Overflow-admin's picture

.> HELP -guillotine

Mon, 02/28/2011 - 00:02 | 1002980 Michael
Michael's picture

When I use twitter I usually tell everybody what time of day I took a shit.

Mon, 02/28/2011 - 00:55 | 1003079 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

No, you don't.

http://www.youtube.com/watch?v=07c07pNLqig#at=15

But I can imagine what it would be like if you did.

Sun, 02/27/2011 - 21:53 | 1002662 pitz
pitz's picture

I don't know how valuing Twitter at $4.5B gets the country any closer to energy independance, or a host of other goals that actually would make a difference in the lives of Americans. 

At least Pets.com and Webvan.com had business plans. 

Sun, 02/27/2011 - 21:58 | 1002674 gordengeko
gordengeko's picture

Goldman interested in owning a piece (having access to??) of more than 500 million active users personal information, thoughts and photo's.  Now JP Morgue interested in owning a piece (having access to??) over 200 million active users personal/daily thoughts.  Don't know about you but it makes my skin crawl to know these two fucking companies now probably have immediate access to all of this personal info.  Hmmm, could they possibly be collecting some of this data and mining this shit for some kind of purpose?  They already pretty much control the financial realm, so I highly doubt it is just for monetary gain.  I'm no MIT statistical monkey but if my peabrain tells me that if you mine all this personal data and throw it into a large database (hhem...skynet), you could probably figure out some pretty crazy shit (hhem webbot).  NAH

Sun, 02/27/2011 - 22:44 | 1002828 gordengeko
gordengeko's picture

http://advancedtrading.com/algorithms/showArticle.jhtml?articleID=221601101&_requestid=172142

Now tell me G-sacks and JPM don't have some MIT chart/numbers monkey in some back room right now trying to figure out what they can do with all of this personal information.  Collective conscience predicting future trends?  Everything we do is on the grid and accessible.  All it takes is some money, since everyone can be bought nowadays, and you can accumulate pretty much everything on everyone if you had the means to do so.  Facebook/twitter have the most valuable commodity on the planet.  The innermost thoughts, feelings, photo's and activities of the "Human Resources" that they already control.  Since they already know your financial health (or lack thereof), where you live, where you work, etc... you are freely giving them (FOR FREE!!!) the one thing money can't buy.

Sun, 02/27/2011 - 23:04 | 1002867 Moe Howard
Moe Howard's picture

Why, also, in the course of one week does Microsoft [hotmail account] and Google [by way of youtube] and faceplace all three suddenly want my mobile phone number in the guise of 'helping' me with better security if I should forget my password?  Am I the only one out there who they are asking, in other words, are they kicking in the door any minute, or do they really want my burner number to help me to a more secure homeland future? Anybody else? Should I lock n load? Shit.

 

<HELP> for explanation

Sun, 02/27/2011 - 23:27 | 1002915 gordengeko
gordengeko's picture

For me anyway, there is no use being protective with your personal information(at least being anal about securing it anyway), for about $50 (or less) anyone with half a brain can probably find a way to know more about you than you know yourself.  www.spokeo.com  And that is just talking about a regluar scam artist looking to steal your identity.  What IS worth protecting is your whereabout's, your thoughts, what you intentions are, etc..  All of which are FREELY posted on FB/twitter.  I hope people can see now why GS/JPM would be so "interested" in becoming an "investor" in these two sites.  Pretty soon most everyone on the planet will have an account with one or both of these.  The only true way of being off the grid is to keep that kind of shit to yourself.  Who knows, maybe the reason why they are so interested in these sites is because they are trying to understand human emotion (V), since they obviously don't give a fuck about this planet or it's people that they control. 

Sun, 02/27/2011 - 21:55 | 1002680 zinag
zinag's picture

This is a test.........now how do I get an AV? TIA.....please don't make me twitter for responses.

Sun, 02/27/2011 - 21:56 | 1002681 Atomizer
Atomizer's picture

The baton has been shifted

Geithner on connections to Goldman Sachs

Sun, 02/27/2011 - 21:58 | 1002685 Bansters-in-my-...
Bansters-in-my- feces's picture

Did you say "tenticles".?

Fuck the morgan with a silver organ.Up the A$$

Sun, 02/27/2011 - 22:03 | 1002710 disabledvet
disabledvet's picture

or is it...testicles.  either way "they have a controlling interest" and "they're wrapped all around that bad boy."

Sun, 02/27/2011 - 21:57 | 1002687 Trimmed Hedge
Trimmed Hedge's picture

Twitter valued at $4.5 billion?

Facebook valued at $70 billion??

 

Some firm is estimating that Twitter *might* reach $150 million revenue this year -- giving a "best"-case scenario valuation of "only" 30 times REVENUE.

I have no idea about Facebook.

 

Are either of these companies even profitable??

There are many companies out there who earn $150 million annual PROFIT -- and yet are valued at only a small fraction of the above price-tag.

 

Truly insane!

I know, I know... it's all about "the future"... LOL

 

BTW, I was a GeoCities member back in 1998... you know, back when that was all the rage. You know what GeoCities is up to these days, yes? SHUTTERED YEARS AGO!

Sun, 02/27/2011 - 22:00 | 1002696 Careless Whisper
Careless Whisper's picture

Are either of these companies even profitable??

that, my dear, is a closely guarded secret, that the offshore "investors" are not entitled to know.

 

Sun, 02/27/2011 - 22:25 | 1002777 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

They are absolutely priceless companies for the social control and "human terrain" info.

They are going to be linchpin, sine qua non technologies that the alpha controllers of the coming Brave New World must possess.

This is my smartphone (RFID chip). There are many like it, but this one is mine. It is my best friend. It is my life. I must master it as I must master my life. My smartphone, without me, is useless. Without my smartphone, I am useless. 

Sun, 02/27/2011 - 22:33 | 1002806 UninterestedObserver
UninterestedObserver's picture

And without your smartphone we can't eavesdrop on every text,email and conversation nor can we track your every move.

Sun, 02/27/2011 - 22:58 | 1002854 Trimmed Hedge
Trimmed Hedge's picture

"They are absolutely priceless companies for the social control and "human terrain" info."

 

I agree somewhat, but only up to a certain point. I'm sure they're using those as a couple selling points to the suckers... I mean "sophisticated investors."

Also, there are probably better methods out there for what you described.

 

Odds are, it's simply more along the lines of a greater-fool bubble, collect their various commissions during the ride, then profit on the inevitable way down.

We've seen this too many times already. Same shit, different "asset." Wash, rinse, repeat....

Mon, 02/28/2011 - 01:30 | 1003159 Careless Whisper
Careless Whisper's picture

@ Guy Fawkes Mulder

Harry, did you change your screen name?

 

Mon, 02/28/2011 - 01:40 | 1003166 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

My name is Charlie... Sheen.

http://videogum.com/278921/the-19-best-charlie-sheen-quotes-which-you-trolls-probably-cant-even-process/top-stories

edit: Only idiots think that "@" means you are talking "at" someone. The syntactical meaning of "@" is to immediately identify an account. On Twitter, the effect of denoting "@HamyWanger" is simply to create a link to Hamy's Twitter account. As a side effect, when Hamy is curious he can search for all @HamyWanger references to see who is talking about him or to him. @ is like a # for individual accounts.

Sun, 02/27/2011 - 22:13 | 1002749 Atomizer
Atomizer's picture

Twitter valued at $4.5 billion?

Facebook valued at $70 billion??

 

Who has the FaceFuck business plan to validate these numbers? Me thinks, someone at google and bling are calculating skewed advertisement revenue numbers to bloat this puppy.

Sun, 02/27/2011 - 22:29 | 1002789 Hulk
Hulk's picture

Same business model as the .coms, no doubt...

Sun, 02/27/2011 - 22:08 | 1002726 Jackagain
Jackagain's picture

Yeah...sweet operation. Get fellow banksters and economic hit men

to create chaos around the world and then get paid for all the tweets and

Facebook activity. Why do you think GS & JPM are timing these buys like this?

 

These companies never guess on investments.......they control investments.

Sun, 02/27/2011 - 22:10 | 1002733 Misean
Misean's picture

So, private equity purcharsers of twitter are twats?

Sun, 02/27/2011 - 22:12 | 1002747 mynhair
mynhair's picture

I have a twit account just to keep imposters away.

Let them buy the whole damn thing.

Sun, 02/27/2011 - 22:32 | 1002805 Jackagain
Jackagain's picture

What's new myn kitty? Stop over the CC for a few laughs.....I'll loan ya a clone.

Sun, 02/27/2011 - 22:18 | 1002760 Cheyenne
Cheyenne's picture

I just want to reiterate something Wal$treePro2 said.

Problem is, that motherfucker was so real he can't be imitated.

He could come back, you know, as in spades.

Sun, 02/27/2011 - 22:24 | 1002778 Atomizer
Atomizer's picture

The banking cunts are creating nothing but failure at the expense of gamblers syphoning pennies from a couch.. End of story.

Sun, 02/27/2011 - 22:22 | 1002769 AN0NYM0US
AN0NYM0US's picture

where to start...

 

Sun, 02/27/2011 - 22:31 | 1002796 UninterestedObserver
UninterestedObserver's picture

JPMorgan expects to earn commission of at least $13m from the fund. - My eyes played a trick on me first read I thought it said "JPMorgan expects to earn commission of at least $13m from the fraud."

Sun, 02/27/2011 - 22:37 | 1002812 Misean
Misean's picture

The word "earn" tripped me up.

Sun, 02/27/2011 - 22:41 | 1002825 Dr. Porkchop
Dr. Porkchop's picture

Yet, who is it that has consistently embraced and profited from new technologies?

 

The porn industry! They make these clowns look like amatuers....and there's a market for amatuers.

Sun, 02/27/2011 - 22:48 | 1002837 Misean
Misean's picture

There's pr0n on twitter? Does the SEC know?

Sun, 02/27/2011 - 23:12 | 1002881 snowball777
snowball777's picture

Delete all the tweets about our soiled balance sheets or we withdraw funding. - Jamie the Greek

Sun, 02/27/2011 - 23:21 | 1002896 Bansters-in-my-...
Bansters-in-my- feces's picture

mmm,Theres porn too,and yes the SEC knows.

Sun, 02/27/2011 - 23:24 | 1002906 Yen Cross
Yen Cross's picture

Who is that well respected writer, From the Financial Times? Do you need a hint?

Mon, 02/28/2011 - 00:09 | 1002988 snowball777
snowball777's picture

Trick question.

Mon, 02/28/2011 - 00:31 | 1003035 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Holograms in London airports...

http://aftermathnews.wordpress.com/2011/02/27/manchester-airport-hires-‘holograms’

(includes 1 minute video)

The right, human hand truly has no idea what the left, technological hand is doing.

Mon, 02/28/2011 - 01:22 | 1003145 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Nice anti-Twitter rant.

But here's a newsflash: Twitter is very efficient for sending legit news.

Case in point:

http://twitter.com/zerohedge/status/42082849381294080 (Tyler gets a public tweet about the stock exchange being down, he retweets it out of courtesy to his followers; the .au site is down at the time of the tweet)

http://twitter.com/zerohedge/status/42086801090953216 (15 minutes later, the non-Twitterverse population of mouth-breathing ZH dinosaurs gets a nice new post)

All thanks to Twitter.

Mon, 02/28/2011 - 01:33 | 1003170 Careless Whisper
Careless Whisper's picture

hmmmmm. maybe there is something to this twitter thing.

After all the whiskey, lipstick, and late nights editing, the Born This Way video is DONE. Will be up to watch Monday 11am Est. (Lady Gaga)

http://twitter.com/ladygaga

 

Mon, 02/28/2011 - 01:43 | 1003195 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Lady Gaga... Illuminati idol... They put messages in her music videos, I swear!

Thank you for this heads up, @carelesswhisper.

Mon, 02/28/2011 - 06:28 | 1003379 Careless Whisper
Careless Whisper's picture

I guess they got to Cartman too in an effort to control the stoners

http://www.youtube.com/watch?v=8WnCdf04ba0

I don't think they need to put messages in Gaga's music they're out in the open now.

http://www.youtube.com/watch?v=XOAk-7F1EVU

 

Mon, 02/28/2011 - 01:01 | 1003093 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

I wonder how much is Al Jazeera is worth to these f**ks.

 

Mon, 02/28/2011 - 01:53 | 1003214 lolmaster
lolmaster's picture

JPM and GS HNW ... where heirs and heiresses go to become LNW clients

Mon, 02/28/2011 - 08:37 | 1003436 f16hoser
f16hoser's picture

Does that mean "Big Government" will listen/monitor every 10th word? CMON people, this is so obvious.......

Mon, 02/28/2011 - 09:35 | 1003520 tradewithdave
tradewithdave's picture
Whether it's Zynga or Twitter or even HuffPo, everytime one of these massive buyouts happens, it makes more sense for users to take control of their social network destiny. I think that's why this idea of turning MySpace.com into the first user-owned-crowdmanaged-social network is getting favorable responses.

www.myspacecondos.com.

This new idea looks to me more like Wikipedia or CraigsList which valuable community resources. No doubt Facebook is the dominant player, but it seems to me like people don't trust Facebook, but they use it because their friends use it.  Businesses will never fully embrace something that they can't control.  Like they say, it feels like back when you couldn't switch your mobile phone provider and keep your phone #.  This would be a gamechanger.

 

Mon, 02/28/2011 - 09:37 | 1003525 tradewithdave
tradewithdave's picture

Here's the link:  www.myspacecondos.com

 

Tue, 05/31/2011 - 03:17 | 1324623 shanelee
shanelee's picture

One thing that is certain is that those who mostly enjoy using twitter as a free information conduit will now aggressively seek to find a replacement that is not backed. facebook fans

Do NOT follow this link or you will be banned from the site!