This page has been archived and commenting is disabled.
THe FACEBOOK PoNZi GRaPH AnD INiTiaL PONZI OFFeRiNG PaRaDiGM
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
I really don't have a problem with basic premise of social networks. I use Flickr heavily and I use twitter for a specific purpose.
I know people who try to use Facebook as a sharing platform and enjoy themselves with it.
My problem is all the excess baggage necessary to get pie in the sky valuations. Baggage like bombarding you constantly with useless information, nagging you to connect with people you have nothing in common with, advertisement clutter and most importantly privacy settings that change constantly and are designed to trick you.
This company does not provide anything near the grandiose premises it puts forward and is destined to be stale potatoes in the not too distant future.
The interface is not creative at all.
I was very encouraged to find this site. The reason being that this is such an informative post. I wanted to thank for this informative analysis of the subject. I ate every bit of it and I submitted your site to some of the biggest social networks so others can find this blog.
website design long island
Lamebook, where the jokes really do write themselves.
These are one of the few posts that I actually care to comment on. I find this blogger an inspiration and am definitely worth following. I've become a subscriber too, so please keep me updated.
buy facebook likes
These charts are actually very well thought out. Kudos.
They also describe accurately the way anyone makes money these days who is not actually in some form of product/goods creation.
It the Ponzi effect in action ;-)
The move to a few central bankers, wall street, Washington, FB insiders is all peaches and cream now. But the loss of privacy and freedoms will hurt anyone under 40 years old and cause a lot of pain for the masses. Debt has increased faster than real GDP for over 30 years and most in the USA/EU will become economic slaves over the next decade much like the Foxconn workers in the East. Our young people work to increase their social networking, youtube, twitter skills. While millions in China/India toll 12 hours a day w/o hope.
"Faceboob"
lol
Mark "Ponzi" Zuckerberg.
Priceless.
CALPERS probably went "all in".
Dot com bubble 2.0
Only the Zucker mother fucker nose knows. Hook 'em up Markie Mark ! Trash for cash - ain't America wonderful ?
not sure anyone remembers B2B? online companies were going to integrate inventory and supply problems. In the old days when Tech meant something about something that had to do with the economy. (and people were critical because even though they sold products and service, none of them had earnings. now the companies have earnings but no product or service.
anyway Greenspan hit the interest rate button and killed the whole darn Nasdaq. and Bernanke may have to do the same to Google Apple and Facebook. though of course you have to wonder why Greenspan did that?
anyway the next BIG thing will have no product no service and no earnings. perfect
The problem is that Facebook has another set of books with government payments in it. You will never what their real business earnings are. As far as you will ever know, the public stuff is all made up to cover the government payola as they mine the Hell out of that site.
If you think that is BS read up on Air America for starters. Question Google's business model. Look at JPM. Who decides what company lives and dies in a socialist economy?
a socialst economy is a 'broken' window economy, and the kid who breaks the window is equally important to the person who fixes the window. ergo there is no morality or ethics.
Axis Of Billionaire-Evil: Likkudnik Sheldon Adelson Joins Forces With Libertarian Bankroller Charles Koch
Say “Heil!” heeby Ron Paul Posing For Photo With Head Of Neo-Nazi “Stormfront” Don (shalom) Black & Son
Gay-Bashing Boy-Rapist Eddie Long Crowned “King” By Fake Rabbi Toting Fake “Auschwitz Torah”
Junktard Alert! GOP Holds Hearings On Privatizing TSA ( a la fukushima's private israeli security guards)
“Save The Torah” Founder Admits To Peddling Fake Holocaust Torahs, $862,000 Fraud
bwhahahahaha
I'd hazard a guess that there is a direct correlation between the rise in facebook usage and the unemployment rate of 20 year olds....perhaps someonehere with greater charting capability would like to run with that....
As, I believe it was Karl Marx who said "Religion is the opium of the masses"....it appears that facebook may have replaced it for the current generation...
One interesting side-effect of the Facebook IPO is that we get to see one single human being raise somewhere around $30B for creating a website whose primary function is entertainment for young people and whose primary effect is the further isolation of young people from the real world, while we have whole generations of Americans facing the loss of a retirement system they have been paying into their whole lives because the money was spent on foreign wars and lining the pockets of Wall Street. And anyone who suggests that there is something wrong with this picture is ridiculed. Is this really what America has become?
We live in a country of morons who spend their free time enslaving themselves and enriching their overlords.
1. TV, movies, facebook and all the other shit ends up stealing their freedoms. Dumb f***ing people.
Why is WM B bashing Angry Birds? It is a Finnish company and as far as I know - they don't spy on people. I don't play their game or buy their toys but they are pretty harmless.
Coming from you, I would have expected a critique of the simple fact that Facebook is: A single narcissist raking in money hand-over-fist for creating a system that allows other narcissists to expand and fully realize their true narcissistic potential in an ever more surreal and delusional fantasy-world while voluntarily surrendering even the pretense of privacy.
Facebook does not target the young or old or rich or poor. It targets a group whose members are old, young, poor, rich, and everything else: narcissists.
No one forced a single person to sign up. No one forced a single person to visit daily. No one forced a single person to divulge the full contents of their frankly pathetic life. That someone was able to monetize - and to such an extraordinary degree - narcissism does not bother me. You are trying to blame the service for the (in)actions of its users. If an entire generation of Americans (or anyone else) is simply too busy gossipping, stalking, tagging, etc. to care about the pitiful state of the real world - much less do anything about it - you can't blame the service which, after all, merely facilitates the (admittedly disturbing) desires they already had.
The valuation of the IPO and the money Zuckerberg will make from it shows us two things we should already have known: (1) Equity capital markets, especially when it comes to web companies, are utterly and dangerously insane and learn nothing from horrendous past mistakes and (2) Lots of people want what Facebook offers and someone found a way to profit from it.
Blaming the owner for Facebook's effects is irrational. It is the users who chose to sign up and choose on a daily basis to visit.
What's wrong with this picture is them. Without them there is no Facebook, no ad revenue, no profits, no IPO, no sycophantic press blitz, none of it. There are 100 other narcissist-utopian social network services out there, Facebook just does it best.
Well said. I would add that it is a perfect example of what is wrong with our country's corrupt version of capitalism that is built around enriching people who buy and sell paper on exchanges. The original purpose of the stock market -- to pool money to create infrastructure to make things -- has been all but lost. It's now just a casino.
Only been on facebook for a few months but what you proclaim is not what I see. I see people having political discussions, I see people making plans together, I see people recommending products and services, I see people sharing special moments in their lives. Not ridiculing you, doomer, but maybe you need different friends if what you say you see is really what you see.
One other note, your forget to mention in the disappearing retirement system that a major cause is the failed boomer philosophy of wealth redistribution. You wanted to redistribute wealth from other people you just didnt realize you arent smart enough to get it redistributed to you and your causes.
so is Facebook better than Craigslist? Better than Ebay (the internet thieves market), is it better than Myspace? what happened there? Has anyone see those ads for people offering to be your Facebook friend for dollars? i mean we learn today what Facebook is all about, making MONEY. can you talk to your friends (sure you can, and without those 200 false friends listening in?)
i was there and I don't know what they do? but then isn't shopping on the internet just a telephone with pictures? the net result of all this is to reduce human contact, sex is a cyber lap dance? i wouldn't go so far as to call it all a great conspiracy though, i mean you don't have to give them any real information.
I'm not in the boomer generation, but I would like to get a return on my investment over my working life thus far. As for Facebook, there is no doubt some commerce-type activity. There is a heck of a lot more photo swapping and farmville.
On the wealth distribution front, I think you missed the point of my post. The new $30B man is a perfect example of what our version of capitalism has become -- a mechanism for a few to become and then remain extremely rich for generations (ask the Wal-Mart heirs who are all multi multi billionaires for doing absolutely nothing themselves) -- while the vast majority of people barely get by. The middle class is shrinking while money managers move money around and pay themselves hundred million dollar bonuses for issuing worthless loans to the masses and then securitizing them and selling them to pension funds who then need to be bailed out by the masses, while industrialists hire slave labor overseas and pay themselves bonuses for the great cost-savings idea as their businesses fail or need to be bailed out by the masses. This is a failed model that is sinking fast.
Yep!
Where have you been? Under a rock?
Yes
The insiders have now made their millions with the FarceBuch IPO. Now it's time for it to fade away like the Pet Rock and Mood Ring fads. Best case of mass hysteresis since the Hula Hoop.
But Facebook is so amazing ... you can post PICTURES, and then they can sell your personal data to every whore mongering corporate entity on the planet, who will then pander to your various overconsumption addictions!
And that's the benign scenario.
Outstanding WB7.
Hey Banzai, did you catch this little nugget?
Graffiti artist who took shares instead of cash for painting Facebook's first HQ seven years ago to make $200MILLION in stock market float
Read more: http://www.dailymail.co.uk/news/article-2095385/Facebook-IPO-Graffiti-ar...
Graffiti anyone?
FarceBook - Just how much is inanity worth?
WHat? no reference to the lovely Randi?
http://www.youtube.com/watch?v=5qSN61Z_uto
Tweet me you carbon unit hunk ....vger says so.
Wow, a "Star Trek: The Motion Picture" reference. [ carbon-based units, V'Ger ] How obscure... Thumbs up.
Fascinating! Connecting the points on the first image gives us the Star of David!
You mean Zuckerberg is a Jewish name? Who woulda thunk.
... it's German for "Sugarhill".
Thanks mate. You can exploit a Ponzi scheme by being one of the earliest to invest and earliest to withdraw. Unlike many things in life, premature ejaculation and withdrawl of precious funds works well with slutty ipos. Knowing the farcebook ipo for what it is - another Goldman production of outrageously overpriced, overhyped pyrite (The bigger the lie, the more people believe) - gives you a certain advantage over "investors" looking for the next unicorn at bargain basement prices.
Social networks are great for planning parties, keeping in touch with uni friends, and occasionally helping friends in need, and I don't really have a problem with targeted advertising that supposedly generates revenue for fb even at the expense of my privacy, but everyone should really be aware that fb went to the dark side as an intelligence gathering platform for the federal government and Echelon some time ago. Anything you post on your page, as well as anything posted by your friends can and will be used against you some time in the future to deny you entry to services, countries, and even detain you for questioning by every moron with a gun, every twat in uniform with an abusive authority complex. It has already happened. Farcebook is also a major player in inciting violent insurrections in countries other than the US and UK. They love promoting protests and liberty, but as soon as anyone starts forming a group in the West to espouse these ideals, you can bet your arse that you will be flagged.
I'm 95% out of equities, but I've been looking forward to this for months now. It was one of the easy predictions of 2012 I made a few weeks ago, so I'm putting my money on a small punt on fb hoping for a 8% return before I dump it. It will likely go higher, before dropping below ipo price (Could take weeks or months). You have to ask yourself why they would want to float it in the first place - apparently fb has $3.9 billion in cash reserves, so why would a cash rich company want to generate $5 billion? Easy - the banks behind the float are Goldman Sachs, Morgan Stanley and JP Morgan and their fee is typically 7%. It's a Ponzi folks, so am I enabling the fuckers by exploiting them? Perhaps - it does leave a bad taste in my mouth.
FB even states themselves they do not know what they are going to use the capital for. (other than cashing out on the ponzi selling to great fools in the public)
The employees want a liquid market to sell into, which makes it easier to borrow money against the shares. The early stage investors want to sell down before the Pop bursts. The banks want their fees.
Sounds like Sex in the City to me. Who's buying?
CALPERS?
I kind of think that Facebook is like the Red Cross. They get you to donate your blood (free) and then they sell it.
i was thinking more along the lines of kittens actually. you know..."free kittens"...grab 'em...take em down to the local "toys r us" and unload those suckers for 10 bucks a pop.
'Trailer Park Boys'. Tip 'o the hat. ;P
Spot On Banzai ...great piece :)
Refuse to cooperate with this bankrupt system.
John Trudell - I'm Crazy? - June 2010 - Detroit(37 minutes)
http://youtu.be/ctUecTdPEO0
fuckbook
Disgracebook
farcebook