Social Network: Tech Bubble 2.0?

asiablues's picture

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seventree's picture

I take away two things from all this:

  1. The "eyeball count" theory of company valuation has been revived
  2. We have established a baseline for onset of market amnesia
spartan117's picture

Gold ATM machines everywhere?

I see more Cash for Gold stores than Gold ATM machines here in Socal.  In fact, if you head over to the Westfield Mall in West Covina, you will see a freaking Cash 4 Gold kiosk.

dark pools of soros's picture

king of prussia mall has a full cash for gold store space in it now

Bartanist's picture

Their corruptness is only equaled by their lack of imagination. We have recycled crap in every decreasing periods.

However, if you are Goldman, being financial you are limited by what you can do in the physical world. Goldman only affects the world indirectly. They are parasites and parasites do not actually contribute anything.

Some day Goldman will become irrelevent because of their nature.

MarketTruth's picture

This is the Internet... Facebook can come and go out of fashion as fast as Twitter... or Napster.

Been to Napster lately? i thought not.

aerojet's picture

I'd say they had better hurry the f up with that IPO. 

" Zuckerburg probably could gain some insight regarding the art of cashing out from Mark Cuban’s broadcast.com / Yahoo deal."

That's been my appraisal of FB since it began.  Social media is so neat and cool, but like CB radios of the 70s, the FB and Twitter apps on your old smart phone will seem so 2000s sometime around 2012.

dark pools of soros's picture

the only way they can survive is if the notion of internet providers being forced to pay to allow access to those sites and thus charge the user..  Just like cable has to pay for a group of channels.  There is more talk of this than you might think...

 

 

ED's picture

I wonder if Carlos would consider trading 1.6 billion ounces of silver for Facebook? That's 3 ounces an account. I didnt know I had such a steep price tag..

malikai's picture

It is important to note that as a member of the military industrial complex (via CIA), Facebook will not fail, period - unless the US government fails. There may be a revaluation (once all the insiders and initial investors get their payday), but they will never fail.

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

2028's picture

Yep. I never logged into facebook or ever would. It is for people who have nothing to do but think about themselves and every little shit. When the shit hits the fan these are the people that will go to the sorcerers I mean doctors and ask for anti depressants. That whole group will have to be zombies to cope with what is coming down the road. Great youtube.

GFORCE's picture

Another pump and dump IPO beckons.

RoRoTrader's picture

Very cool that the Chinese have used Renren...........qing wen, ni shi beijing ren ma?

pitz's picture

Do US dollars really have any value if they're being thrown around like this, to firms that can barely show any earnings, have practically no tangible assets, and can be recreated out of thin air by a suitably motivated group of software engineers? 

I do find it astonishing that these firms, which are highly leveraged to an increasingly collapsing consumer economy, can actually maintain their multiples, while commodities barely are going anywhere. 

malikai's picture

Never, ever, ever, underestimate the power of fabricated buzz in the bubble system. That is the sort of mistake people trading on fundamentals made in 1998. Shorts were ruthlessly slaughtered for two and a half years despite blaringly obvious (and accepted as the new norm) cash flow, margins, and equity shortfalls.

"The market can stay irrational longer than you can stay solvent."

AnAnonymous's picture

But quite a lot of  intangible assets no?

Never register to Facebook as I learned they traded personal information yielded for free by consumers to gather cash. Would have been counterproductive as I spend resources to control personal information.

Facebook has a good line: it parts people into the adapted and the retarded.

The adapted yield their information for free while the retarded self indict by not registering to Facebook.

That is a good service imo. Very christian too as separating the wheat from the chaff...