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PeakBook?

Tyler Durden's picture





 

This time is different - Peak Facebook?

and notice that MySpace became ubiquitous considerably faster than Facebook.

 

and AH schizophrenia...

 


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Fri, 05/18/2012 - 19:23 | Link to Comment Zgangsta
Zgangsta's picture

Value Facebookia?

If only Craig Winn were around to lead this company to glory...

Fri, 05/18/2012 - 19:29 | Link to Comment Silver Bug
Silver Bug's picture

Facebook Equals EPIC FAIL. Play them off keyboard cat!

 

http://silverliberationarmy.blogspot.ca/

Fri, 05/18/2012 - 19:54 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Faceshnook?

Fri, 05/18/2012 - 20:04 | Link to Comment flacon
flacon's picture

It's not fair to categorize Facebook as a failure. After all... it takes time to MUNGER in one's pants....

 

http://www.urbandictionary.com/define.php?term=munger

Fri, 05/18/2012 - 20:22 | Link to Comment AldousHuxley
AldousHuxley's picture

Pinterest

Fri, 05/18/2012 - 20:47 | Link to Comment LetThemEatRand
LetThemEatRand's picture

The CIA "likes" Facebook, therefore the graph may not flow quite as expected.  

Fri, 05/18/2012 - 21:31 | Link to Comment Bananamerican
Bananamerican's picture

God I hate F'book. I hate everything about it, from the empty eye sockets of it's leering, grasping, nausea inducing, ceo to it's ubiquitous linkages, constantly sniffing my hyperlinks like the violating nose of a money dog at my crotch. Arab Spring?? Fadebook is a demonic Narcissism machine and a conditioning engine of repression. How many entities use it to SPY on it's users? The Gov., The Media, your Employers, Burglars, Identity thieves, your parents....

F'book, like MySpace, will wither & die, unfortunately, Zuckerbitch will still be one of the richest %$# on the planet and the Adonis of Mamon till he rots off the face of the earth

Fri, 05/18/2012 - 21:33 | Link to Comment LetThemEatRand
LetThemEatRand's picture

Claw.

Back.

Sat, 05/19/2012 - 11:34 | Link to Comment onelight
onelight's picture

Great, Zuck..and thanks for the $100bln blob of market jello, right when we need it..

Fri, 05/18/2012 - 21:38 | Link to Comment RiverRoad
RiverRoad's picture

+100  Loved that..... Now tell us what you really think! 

Fri, 05/18/2012 - 22:10 | Link to Comment fourchan
fourchan's picture

zukiniberg looks insane, in the mad with power, incomplete personality way.

 

spouting his mantra connect connect connect

 

fuck conections.

Fri, 05/18/2012 - 23:40 | Link to Comment poor fella
poor fella's picture

The Zuckerbot cannot make MySpaceBook different this time...  Just the attempt to monitize some shit is too irritating to deal with. Go ahead and do it - and ruin the thing you built, while saying it's not about the money.

What's funny is the, "we're against the establishment" b.s.

Why not get small banks or a credit union to write the IPO? A bunch of Hahhvahd fucks slumming and calling themselves hackers and 'engineers'.  Puleeeze... this farce would never have been flopped on the populace if it came from a city college. More likely the idea would have been stolen.

I'm sure Louis Vuitton would be damn well happy to sew up some hoodies in Myanmar..

Sat, 05/19/2012 - 00:58 | Link to Comment AlaricBalth
AlaricBalth's picture

"More likely the idea would have been stolen."
The idea for FB was allegedly stolen by MZ from the Winkelvoss twins while at Harvard. It was settled out of court.

Sat, 05/19/2012 - 01:30 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Facebook is the new pork chop around the neck.  After the dog is finished playing with you, you have to clean up all the mess and get rid of all the dog stink.

Sat, 05/19/2012 - 08:59 | Link to Comment GMadScientist
GMadScientist's picture

Please; the Winkelvoss twits couldn't have an original idea if it dropped out of the sky and landed firmly on their pointed little trust-fundy heads.

It was "settled" because the TwinkleTossers can afford expensive litigation. Period.

 

Fri, 05/18/2012 - 22:08 | Link to Comment Agent P
Agent P's picture

At least the movie was good.

Fri, 05/18/2012 - 22:15 | Link to Comment MacGruber
MacGruber's picture

Exactly, it doesn't matter what the stock is trading at. The whole point was to mis-allocate capital (once again) into the unproductive pockets of some ill deserving 20 something and their banker puppetmasters. In the zero sum game of a stagnant economy it's good to know that, as your wages fall, those of those that do nothing are only increasing.

Sat, 05/19/2012 - 09:42 | Link to Comment onelight
onelight's picture

Americans used to view the inefficiency of the capital markets as freeing up resources for the competitive melee that brought out innovation and created new markets. To some extent this is still true, but alas as you indicate, the earlier paradigm seems shaken, its viability seems coopted, and too much of today's newsflow points to the possibility of excess and misallocation. Not what the founders wanted, nor what modern free enterprise folks desire for the country.

Sat, 05/19/2012 - 09:38 | Link to Comment Monkeyfister
Monkeyfister's picture

The point I've been hammering on for years. Excellent summation!

Fri, 05/18/2012 - 22:51 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

I'm sensing you don't like Facebook.

Sat, 05/19/2012 - 03:21 | Link to Comment cossack55
cossack55's picture

Heres a book you will enjoy

Daemon  by Daniel Sua;rez  

follow it with the sequel Freedom

It took a while for 1984 to play out.  These novels are playing out now.

Sat, 05/19/2012 - 04:13 | Link to Comment Element
Element's picture

zucker-jump-the-shark-berg

Sat, 05/19/2012 - 06:45 | Link to Comment rufusbird
rufusbird's picture

I never have even bothered to look at it. No interest.

Sat, 05/19/2012 - 07:47 | Link to Comment Chartist
Chartist's picture

...from the empty eye sockets of it's leering, grasping, nausea inducing, ceo ...

Does Zuckerberg remind anyone else of the comic strip character, Little Orphan Annie, only with a hoodie?

 

Sat, 05/19/2012 - 12:18 | Link to Comment DollarMenu
DollarMenu's picture

From the get/go, I noticed he had that insect-egg skin.

Skin that has never been exposed to sunlight.

Puffy and white flour dough colored.

This he shares with other nausea inducers - McCain, Lieberman, Gates.

Maybe they truly do never see the sun, nor let it see them.

Sat, 05/19/2012 - 09:25 | Link to Comment Nader_Nazemi
Nader_Nazemi's picture

AMEN !!!!

Fri, 05/18/2012 - 21:35 | Link to Comment Dr Benway
Dr Benway's picture

yo myspace was nowhere near facebook in terms of mainstream acceptance. i agree failbook is overvalued, but not due to its 'penetration' yo, but due to not being able to make cash money from the users. ads only go so far. paying for highlighting posts? yeah right lol

Sat, 05/19/2012 - 03:47 | Link to Comment ChrisFromMorningside
ChrisFromMorningside's picture

The CIA is tapped into core internet infrastructure. It doesn't need Facebook. Whatever flavor-of-the-month comes along is by definition part of their network. I predict Facebook will indeed crap out over the next year or so until it gets bought out in another mega-hyped all-over-the-MSM buyout.

Sat, 05/19/2012 - 08:18 | Link to Comment VisualCSharp
VisualCSharp's picture

What you wrote about the CIA may be true, but what other singular data source can you name that essentially provides everyone's connection to everyone else?

Sat, 05/19/2012 - 11:25 | Link to Comment css1971
css1971's picture

But without facebook nobody would post all that crap in the first place. It would stay where it belongs.

Sat, 05/19/2012 - 12:10 | Link to Comment laomei
laomei's picture

Go use Diaspora and push friends to get onto it as well.  It's gotta be good if they murdered and covered up as suicide one of the founders.

 

Decentralized, no ads, no corporate control, full control of your own data, all the same core functionality.  No one will ever own a damn bit of your personal information and you have full control over who sees what.

Fri, 05/18/2012 - 20:17 | Link to Comment onelight
onelight's picture

Now that the FaceWookys (er-er-er-ahhh) have shifted their stock units to the public markets (I hope MS can carry it all), we can all get back to work, although now we have to wonder about a 100 billion dollar slug of wobbly market cap out there (a big blob of market jello), a point raised by ZH. 

TGIF

Fri, 05/18/2012 - 22:03 | Link to Comment OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

No, really, FB will be fine so long as they devise a way to add another 6 billion people to the planet so they can keep up their user growth rate

Fri, 05/18/2012 - 22:35 | Link to Comment palmereldritch
palmereldritch's picture

And in a disturbing development, Zynga has just started beta testing their latest spin-off FEMAville

Fri, 05/18/2012 - 23:14 | Link to Comment Bohm Squad
Bohm Squad's picture

I hear if you subscribe, you get to control a real life, flesh-and-blood detainee. 

Fri, 05/18/2012 - 23:25 | Link to Comment palmereldritch
palmereldritch's picture

  Earning credits TODAY is only WAY to get on the fast-track for Camp Commandante!

Sat, 05/19/2012 - 09:53 | Link to Comment onelight
onelight's picture

It's ok...the social media version will be so cool you see /sarc

Fri, 05/18/2012 - 22:41 | Link to Comment palmereldritch
palmereldritch's picture

dp

Sat, 05/19/2012 - 01:31 | Link to Comment BenLightYear
BenLightYear's picture

Or increase their profit. Unless things have changed Facebook is free, so getting 6 billion more users does not necessarily equate to any more income. I would assume the growth your attempting to reference will come from services that generate a profit which doesn't require more users just more revenue streams from current users.

Sat, 05/19/2012 - 06:38 | Link to Comment Mitzibitzi
Mitzibitzi's picture

Yeah, but to generate revenue, it would have to have some tacked on apps that are actually useful for something. The trouble there being... most of the useful money-spinning functions that could conceivably be attached are in one way or another about making, spending or moving money. And FookBook is notorious for the ease with which you can mine someone's personal details for your own (mis)use, so...

Sat, 05/19/2012 - 00:28 | Link to Comment Fox Moulder
Fox Moulder's picture

Facepalm.

Sat, 05/19/2012 - 04:43 | Link to Comment e_goldstein
e_goldstein's picture

No matter what they try; from now on, it's all just going to be an epic fail (thanks to the exponential debt curve<s>).

 

Fri, 05/18/2012 - 20:13 | Link to Comment AbelCatalyst
AbelCatalyst's picture

FB does not seem to work on my Netscape browser - anyone else having the same issue??

Fri, 05/18/2012 - 20:38 | Link to Comment WmMcK
WmMcK's picture

Better go back to GeoCities.

Fri, 05/18/2012 - 21:22 | Link to Comment Bananamerican
Bananamerican's picture

go long AOL...

Fri, 05/18/2012 - 22:51 | Link to Comment mjcOH1
mjcOH1's picture

This could be the greatest thing since Yahoo.

Fri, 05/18/2012 - 22:49 | Link to Comment Dr. No
Dr. No's picture

Try Mosaic

Fri, 05/18/2012 - 20:42 | Link to Comment stocktivity
stocktivity's picture

By the end of the day Monday, every trade that went through today will be underwater.

Fri, 05/18/2012 - 22:51 | Link to Comment WonderDawg
WonderDawg's picture

Not the LNKD puts I bought.

Sat, 05/19/2012 - 06:27 | Link to Comment RECISION
RECISION's picture

By the end of the day Monday, every trade that went through today will be underwater.

That would only really matter if it was real money from real people.

I suspect it is really only Investment Banks and Algo's

And they can go fuck themselves all day long...

With my blessing.

Sat, 05/19/2012 - 01:27 | Link to Comment BenLightYear
BenLightYear's picture

Aside from the problem with a comparison of these charts being that Facebook has yet to show a steady decline that would lead to the downward peak arc, it is important to remember MySpace dropped while Facebook ascended...so if you are going to chart a downward trend I suggest waiting til the trend actually starts and also supply the reason for said trend. To my knowledge nothing out there is a competitor to Facebook, at least enough of one to lead to that downward arc. Not too say said company won't come out tomorrow but it isn't here today. Please don't take my comments to mean that the valuations currently set on Facebook are accurate, however we are all aware that the price of a stock is as much if not more related to how much someone wants to own the stock, the possible future of said stock, and the ability to churn and burn shares amongst the many hedge funds and other investment funds. I personally won't be buying shares ATM but only for the reason we are and will continue to be de-leveraging into the near future...until the stored up money and credit starts getting put back into the economy all values and worth are held hostage. Honestly suprised we haven't seen bigger drops in the markets over the last 6 months...I attribute the need to flip to make money investment firms have and also the large amount of exposure the average person has in pensions, retirement, and personal investments that keeps the market from dropping far. I mean where the hell else you gonna put your money? Who wold seriously buy a 2 year cd with a 1.08 % rate of return? Govt involvement is currently keeping us from becoming third world country but at the same time is preventing actual worth discovery.

Sat, 05/19/2012 - 02:11 | Link to Comment crawldaddy
crawldaddy's picture

google and its google + too small a player to be noticed by you?

Sat, 05/19/2012 - 02:33 | Link to Comment BenLightYear
BenLightYear's picture

Google competition for Facebook? Sure if McDonald's is competition for steakhouses. People liked MySpace and went too Facebook because they liked it more. Google is a search engine not a social site. Truth be told not sure what google+ is or what it does. Honestly doesn't really interest me. I like Facebook because it allows me to stay in touch with people I generally wouldn't if It required a phone call or a visit. Also allows me to make witty or sarcastic comments too people who appreciate them or are offended by them. I greatly enjoy the former but even more so the latter. Facebook will strive or fail based on how it changes and what it adds in the future. Once again could care less as long as I don't have to make phone calls and have an outlet for my sarcasm. As far as invading my privacy I have nothing to hide. If one of our fine govts letter agencies wants to know what I think all they have to does call or stop by and I'll be more than happy to give them an entertaining evening. Aside from smoking pot I don't do anything illegal and if they want to bust me for that more power to them. The reason I'm not a criminal isn't because I'm scared to go to jail but because I don't have the urge to do bad things so if they want to lock me up and spend tax dollars supporting me while I'm there I'm all for it. I spend most my time working or reading so would actually be a nice vacation. I mean god forbid how packed the jails would be if they started arresting people based on their views. With all the perverts, socialists, communists, fascists, racist, and real criminal people in this country you'd be looking at 50million citizens supporting 250million locked up. Or just think about all the Ron Paul supporters. Most are more knowledged then the majority of conservative/liberal morons running around. The tie up in courts trying to put them all in jail would go on forever. I don't see many of those knowledged people saying screw it I'll just plead guilty. If that were the case they would just be republicans. /rant off

Sat, 05/19/2012 - 07:26 | Link to Comment theprofromdover
theprofromdover's picture

I think you have forgotten that you don't live in a law-abiding society anymore.

Perhaps you didn't spot that your property rights have been hijacked, your pension has been stolen, your wages are being vaporized by taxation, and your job is heading to Asia. Worst of all, your personal liberty is for sale. You can abide by the law all you want, but you won't evade jail-time just by using old-fashioned morality; they are changing the laws for everything, you probably broke 10 new laws already this morning. Why on earth do you think they built the gargantuan Homeland Security and the Data-trawling mountain in Utah? (for terrorists?)

Sat, 05/19/2012 - 08:16 | Link to Comment Dens
Dens's picture

Actually, google provides the only free and easy to use low threshold colaboration platform for anyone who wants to use it (that i know of). Facebook is more into providing a platform for ego-bulging and 'fun stuff' with friends. Goog might not be as social (though Gplus IS) but it just keeps adding real value productivity tools. Also, I haven't heard them throw away a billion$ in the dumbest aquisistion the world has ever seen: instagram, something that can be copied for a few million max imo.

No one can predict the future, and fb might find new ways and be able to get that 5$ per user account, but as things are now, I expect to see the fb sidebar say "adddds by google" sooner than expected.

Fri, 05/18/2012 - 19:23 | Link to Comment achmachat
achmachat's picture

what is this myspace everybody keeps talking about?!

Fri, 05/18/2012 - 19:27 | Link to Comment Animal Cracker
Animal Cracker's picture

Friendster clone.

Fri, 05/18/2012 - 20:19 | Link to Comment drysafe
drysafe's picture

Am I the only old person to remember SixDegrees.com of which said Friendster was itself a semi-clone? 

 

Sat, 05/19/2012 - 10:05 | Link to Comment dwdollar
dwdollar's picture

How about ECircles? Remember that one? It came before Friendster but after SixDegrees.com

Fri, 05/18/2012 - 20:08 | Link to Comment RacerX
RacerX's picture

One day, Myspace will RULE THE WORLD.

Fri, 05/18/2012 - 21:44 | Link to Comment tempo
tempo's picture

Zuckerburg loves to screw middle class and is laughting at the idiots who paid $40/sh for something worth pennies per share. What does he and the 2000 FB employees care about shareholders? they are all going to China to live. FB takes your personal information and sells it w/o giving you any personal rights. He thinks you are studid and deserve to be controlled like slaves. Yes go worship the new KING of tech.

Fri, 05/18/2012 - 22:14 | Link to Comment Agent P
Agent P's picture

If you give a street beggar a dollar, is he really "taking" it from you? 

Fri, 05/18/2012 - 23:17 | Link to Comment UGrev
UGrev's picture

He's not a begger...he's a hustler. Always has been. 

Tue, 08/28/2012 - 09:47 | Link to Comment l.hauri
l.hauri's picture

it is an issue and we should solve it. Immobilien Mallorca

Fri, 05/18/2012 - 19:26 | Link to Comment holdbuysell
holdbuysell's picture

I'm sure there's a rational explanation for what looks like a peak. (sarc)

Fri, 05/18/2012 - 19:26 | Link to Comment knukles
knukles's picture

Lebensraum

Fri, 05/18/2012 - 19:27 | Link to Comment kekekekekekeke
kekekekekekeke's picture

I jumped ship on FaceBook finally (I got it first back in 2004 when you HAD to have a university email, those were the days!) a couple of months ago, you have to DELETE not "deactivate"

 

http://www.groovypost.com/howto/security/permanently-delete-your-faceboo...

Sat, 05/19/2012 - 11:23 | Link to Comment css1971
css1971's picture

Delete the content and post your password on the top of the page.

it corrupts the profile they have on you if someone else takes over.

Fri, 05/18/2012 - 19:28 | Link to Comment junkyardjack
junkyardjack's picture

MySpace's failure was due to not having virtual cows. Those never get old, they're too darn cute don't you know. Also there weren't nearly as many people making MySpace profiles for their pets as there are on Facebook, so there...

Fri, 05/18/2012 - 19:29 | Link to Comment GMadScientist
GMadScientist's picture

Click My Junk.

Fri, 05/18/2012 - 22:51 | Link to Comment Dr. No
Dr. No's picture

like my junk

Fri, 05/18/2012 - 23:17 | Link to Comment UGrev
UGrev's picture

Love my nuts..

Sat, 05/19/2012 - 07:02 | Link to Comment Kiwi Pete
Kiwi Pete's picture

Noooooo. Don't say pets have profiles too. How many of those 600,000,000 users are pets?

Sat, 05/19/2012 - 10:34 | Link to Comment Rainman
Rainman's picture

every time 4 paws hit the " like " button each paw is a user/searcher. Winning !

Fri, 05/18/2012 - 19:28 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Soon WS will try to spin a "stunning" MySpace turn around story. Which means giant fees for the sell side

Fri, 05/18/2012 - 19:29 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Come on FB hang in there until there are puts available to buy!!

Fri, 05/18/2012 - 19:54 | Link to Comment chet
chet's picture

I say it's under $30 by the end of next week?  Anyone else?

Fri, 05/18/2012 - 20:38 | Link to Comment a growing concern
a growing concern's picture

Soundsaboutright.

Fri, 05/18/2012 - 22:54 | Link to Comment WonderDawg
WonderDawg's picture

Unless MS keeps it propped up. But in order to do that, they'll end up owning all available shares.

Fri, 05/18/2012 - 19:30 | Link to Comment hamster wheel
hamster wheel's picture

On to searching for the next great trend...

DoomBook?

Fri, 05/18/2012 - 21:34 | Link to Comment Jena
Jena's picture

Lamebook.

Fri, 05/18/2012 - 23:19 | Link to Comment UGrev
UGrev's picture

I was going to start an anti-social networking site.. but no-one wanted to join..  you fuckers.. 

Fri, 05/18/2012 - 23:26 | Link to Comment Dr. No
Dr. No's picture

Kind of like Anarchists orginizations.  no wonder they can never get traction.

Fri, 05/18/2012 - 23:49 | Link to Comment UGrev
UGrev's picture

Anarchists are funny. I'd love to see them decide on who's cooking the meat at a bar-b-queue. I bet EVERY single one of them would bring their own grill in some attempt to assert their individuality in lieu of letting someone govern how they eat at the picnic..lol. 

That's why I like being Libertarian. I can like my chicken dry (and I do), but I won't complain if someone else grills it in such a way that I won't eat it.. I just won't eat it then.. ya know? 

Now join my anti-social networking site, you bitchez! It's called Burqabook.. ready, set, "dirka dirka".. 

Sat, 05/19/2012 - 11:56 | Link to Comment PianoRacer
PianoRacer's picture

Anarchists are all about voluntarism, friend. We love it when we enter into a voluntary arrangement with other folks when it results in them cooking us some great BBQ!

Its the guys who point a gun at us, steal our money, and then send us a shitty, charred-on-the-outside-frozen-on-the-inside parasite-ridden hunk of human flesh that was probably taken as a trophy off of some poor Afghani farmer who drive us nuts.

FUCK THOSE GUYS. 

Sat, 05/19/2012 - 13:52 | Link to Comment UGrev
UGrev's picture

I highly doubt you're an anarchist. What you described is more Libertarian than anarchism. Even people I know who describe themselves as anarchists aren't really anarchists. I've been hard pressed to find a true "blue" anarchist these days. All I find are the softy ones that think they're anarchists because it's "hip" to be one. -1 for that. 

+1 for the 2nd paragraph. 

Sat, 05/19/2012 - 04:48 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

UGrev said:

I was going to start an anti-social networking site.. but no-one wanted to join..  you fuckers..

That's why social media sites are so lame: they're only one side of the coin. If you can "friend" someone, you should be able to "enemy" someone as well. Also, if you can "like", why can't you "dislike" or "hate"?

Sign me up for Defacebook, dammit!

 

Sat, 05/19/2012 - 08:01 | Link to Comment Dr. No
Dr. No's picture

Then it could automatically "friend" you with someone who also has the same "enemy"

Sat, 05/19/2012 - 11:14 | Link to Comment dark_matter
dark_matter's picture

Gracebook, so the rapture ready can stay in touch.

Fri, 05/18/2012 - 19:33 | Link to Comment LouisDega
LouisDega's picture

MyFace bitchezz

Fri, 05/18/2012 - 22:04 | Link to Comment yabyum
yabyum's picture

If it had been marketed in the '70's of my youth it would have been " sit on my face book"

Fri, 05/18/2012 - 19:32 | Link to Comment digalert
digalert's picture

The aftermarket FB chart looks like a walking cardiac arrest with a pacemaker, or as CNBS admits, must keep it above 38 or it's a failure.

http://www.marketwatch.com/investing/stock/FB

Fri, 05/18/2012 - 22:16 | Link to Comment Sam Clemons
Sam Clemons's picture

Unfortunately they won't admit that at any price a moron pays for a share, it is still a failure.  It does not add value to society.

Sat, 05/19/2012 - 02:41 | Link to Comment BenLightYear
BenLightYear's picture

Doesn't add value? You must be joking. I think how you meant to phrase your statement was....I have no interest in Facebook therefore Facebook serves no purpose...it provides entertainment...a way for people to stay connected. Maybe not as valuable to society as say a farm is but some people like to do more than eat. Let me throw a different perspective on it. The main momentum behind vcr's when they first came out was porn. The same argument could be made that porn doesn't add any value. However porn does add value by employing people in the business of making it, filming it, distributing it and also the demand for the products that allows you to view it. Facebook is the same it's just what you do too pass time in between waiting to reload for another porn search.

Sat, 05/19/2012 - 13:34 | Link to Comment Sam Clemons
Sam Clemons's picture

You're right.  It doesn't provide value to me, and my comment reflects my opinion.  Others may find value in it, but unlike a politician, I don't assume to know what they value.

I have email and phone to stay in touch with people I care to.  Everyone else.. I don't care that they lost their cow on Farmville or being jealous of their narcississtic achievement of blowing fiat bucks to take a vacation to Hawaii or buying their fifth pair of sweat-shop-made shoes.

Sun, 05/20/2012 - 16:57 | Link to Comment deepthoughtless
deepthoughtless's picture

It takes away value, much like porn, and television. If people weren't so braindead/brainwashed, it would be a very different world. Instead, people turn off for 4-12 hours a day in acts of self-indulgent mindlessness.

Once or twice a year, I go on entertainment fasts. No video games, no TV, no Facebook, etc. I'm productive, accomplish things I want to accomplish, have more energy, and am more satisfied. For a while. Problem is, all anyone talks about is what so-and-so said on FB or quotes from yesterday's TV show or results of [enter sports match here], leading to social isolation and eventual dissatisfaction. Tough line to ride. But the more the general population disengages from these things that you say "add value", the more productive and happy they will be, which is something that adds real value.

Sat, 05/19/2012 - 02:42 | Link to Comment BenLightYear
BenLightYear's picture

Doesn't add value? You must be joking. I think how you meant to phrase your statement was....I have no interest in Facebook therefore Facebook serves no purpose...it provides entertainment...a way for people to stay connected. Maybe not as valuable to society as say a farm is but some people like to do more than eat. Let me throw a different perspective on it. The main momentum behind vcr's when they first came out was porn. The same argument could be made that porn doesn't add any value. However porn does add value by employing people in the business of making it, filming it, distributing it and also the demand for the products that allows you to view it. Facebook is the same it's just what you do too pass time in between waiting to reload for another porn search.

Fri, 05/18/2012 - 19:33 | Link to Comment peekcrackers
peekcrackers's picture

facebunk ..  Peak  sham

 

Fri, 05/18/2012 - 19:35 | Link to Comment A_S
A_S's picture

when is zero hedge going to ipo?

Fri, 05/18/2012 - 19:56 | Link to Comment Ineverslice
Ineverslice's picture

On a long enough timeline, everyone is unfriended.

Fri, 05/18/2012 - 21:16 | Link to Comment holdbuysell
holdbuysell's picture

I don't believe an IPO or any other obligation to the status quo is consistent with ZH's Manifesto:

http://www.zerohedge.com/about

Fri, 05/18/2012 - 19:35 | Link to Comment ffart
ffart's picture

I like twitter a lot better than facefuck, but I mostly use it as a news stream. Also, I have no idea how Twitter makes money because I never see any ads on it.

Fri, 05/18/2012 - 19:48 | Link to Comment Indiana_gol
Indiana_gol's picture

+1 Facefuck

Fri, 05/18/2012 - 22:55 | Link to Comment Almost Solvent
Almost Solvent's picture

 

slap happy

 

Sat, 05/19/2012 - 05:32 | Link to Comment ffart
ffart's picture

Oh god I've been duped,

Fri, 05/18/2012 - 19:36 | Link to Comment upb
upb's picture

facebook was in no win situation.  they rocket 200% higher and its irrational exuberance, they fall back to the apparantly perfectly priced IPO price of $38 and its deemed a failure  http://tinyurl.com/cejoqov  

Fri, 05/18/2012 - 19:49 | Link to Comment holdbuysell
holdbuysell's picture

The underwriters held that 38 from falling.

Reality: http://www.zerohedge.com/news/fadebook

Fun: http://www.youtube.com/watch?v=Fj5k6toS7i8

 

 

 

Fri, 05/18/2012 - 22:42 | Link to Comment Mactheknife
Mactheknife's picture

"Perfectly priced IPO"....at just over 100xs earnings...right.

Sat, 05/19/2012 - 02:45 | Link to Comment BenLightYear
BenLightYear's picture

11 down votes for realistic honesty? The articles here might be very informative however the readership has gone down the shitter. I blame Glenn beck for that. It seems ever since he started mentioning it on his show all the ntelligence left and was replaced by ---------. Fill in the blank yourselves.

Sat, 05/19/2012 - 10:29 | Link to Comment Lednbrass
Lednbrass's picture

Yes, it must be Beck. What a clever deduction.  It certainly couldnt be that people not only dont pay any attention to him (besides you apparently) but are contemptuous of something like FB which does little but enable bored people to while away the hours in an effort to fill the emptiness between episodes of The Dancing Desperate Idle Housewives of Schenectady NY.

Actually that might be too narrow- it also lets its owners fleece the hell out of idiots.

Its clearly a shame everyone here isnt as smart as you and is too jaw droppingly ignorant to spend hours of their lives trumpeting the details of their existence across the interweb. We arent good enough, arent smart enough, and gosh darn it people dont like us. Thank you for pitying the emptiness of my existence for not "liking" all the hip people and things on the internet. I would wallow in self loathing but I have close to a thousand fruit and vegetable plants to tend to, perhaps tonight I will bemoan my shallowness and stupidity if Im not too tired.

Fri, 05/18/2012 - 19:38 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Lauren Lyster is on it. Need I say more?

Facebook's IPO bombs & "hot" tech co.s cook the books

Fri, 05/18/2012 - 20:36 | Link to Comment WmMcK
WmMcK's picture

"Lauren looks different today...... around the eyes...."
Didn't get past the gams myself.

Fri, 05/18/2012 - 21:33 | Link to Comment WAMO556
WAMO556's picture

yeah, and her plunging necklines keep my focus too!!! Just saying!

Fri, 05/18/2012 - 21:44 | Link to Comment cowdiddly
cowdiddly's picture

I just cant quit thinking about the way she crosses here legs so tightly. OOOHhh that glorious little warm pink gravy boat.

Fri, 05/18/2012 - 22:57 | Link to Comment WonderDawg
WonderDawg's picture

LOL pink gravy boat. Nice. I'd walk a mile of broken glass just to hear her fart.

Fri, 05/18/2012 - 19:43 | Link to Comment boogerbently
boogerbently's picture

End of world calendar predictions, Y2K....FB.

Greatest non-events of our age.

$38-$45-$38

It gave MZ and the "original" investors their repayment before FB fades into "social network" obscurity.

It wasn't designed to make a buck, but to pass the buck.

 

Fri, 05/18/2012 - 19:43 | Link to Comment Incubus
Incubus's picture

oh em gee.

 

No one could've seen this coming.

Fri, 05/18/2012 - 19:50 | Link to Comment WhiteNight123129
WhiteNight123129's picture

How about FakeBook, if they follow Groupon´s lead that will be their new name!!!

 

Fri, 05/18/2012 - 19:52 | Link to Comment guinea
guinea's picture

Each time I log onto Facebook and scan through some of the news feed, I get a little more misanthropic. I think to myself, this is it?... this is what 4000+ years of human civilization has led to?  "Like"?

I'd rather live off the coast of Maine and have some hot chocolate while reading a book.

Sat, 05/19/2012 - 04:11 | Link to Comment TWSceptic
TWSceptic's picture

'Liked'

Sat, 05/19/2012 - 07:35 | Link to Comment theprofromdover
theprofromdover's picture

Unfortunately they monitor the news you read and the ads you click, and just customise what they offer to you. If you read a few Kardashian stories, they'll just feed you a bucket-load of facile drivel for the next month or so. You end up with self-reinforcing, bottom feeder news.

I (in the interests of science and the geometry of the female form) accidentally clicked on an item that perhaps the League of Purity might not condone. Took weeks to lose the stream of fuzzy ads and sub-Murdoch news off my screen ............oooooooh the shame.

 

Sat, 05/19/2012 - 11:16 | Link to Comment css1971
css1971's picture

Read Richard Dawkins. Makes it all better.

Sun, 05/20/2012 - 16:05 | Link to Comment squexx
squexx's picture

Richard Dawkins.............isn't he the dude from "Family Feud?!?"

Fri, 05/18/2012 - 19:53 | Link to Comment Ineverslice
Ineverslice's picture

FB, WTF?!...says CIA NSA. FUBAR.  LOL!

Fri, 05/18/2012 - 19:57 | Link to Comment U6 Alabamian
U6 Alabamian's picture

Facebook started to loose it coolness factor when they let non-college students create an acount.

Fri, 05/18/2012 - 20:58 | Link to Comment knukles
knukles's picture

Account

Sat, 05/19/2012 - 12:28 | Link to Comment U6 Alabamian
U6 Alabamian's picture

Indeed.  You also missed "loose".  Just seeing if anyone was paying attention.

Fri, 05/18/2012 - 23:01 | Link to Comment WonderDawg
WonderDawg's picture

Knuksie! How goes it? Did you get your FB shares today? Ha, I just hope it stays up until the puts come out. It'll probably tank before they're available. Oh well, there's always LNKD, which continues to put money in my pocket as I short it time and again.

On a side note, my golf game is in the tank. Can't make a 3 foot putt to save my life. I can make a 10 footer, but not a 2-3 footer. Killin me.

Sat, 05/19/2012 - 07:37 | Link to Comment theprofromdover
theprofromdover's picture

shut your eyes and listen to it drop in the cup.

option 2 -no backswing, start 4" back from the ball & push.

Sandy McDivott.

Fri, 05/18/2012 - 21:05 | Link to Comment Race Car Driver
Race Car Driver's picture

Facebook was never cool.

Fri, 05/18/2012 - 22:01 | Link to Comment U6 Alabamian
U6 Alabamian's picture

For those of us who were not self absorbed and knew that the world didn't care about our weekend plans, no it was never cool.

Sat, 05/19/2012 - 00:38 | Link to Comment ss123
ss123's picture

Like!

(dumbest f'n thing ever... Like! lmfao)

Sat, 05/19/2012 - 06:49 | Link to Comment RECISION
RECISION's picture

Would that be similar/like, Green up arrows and Red down arrows...???

Sat, 05/19/2012 - 11:19 | Link to Comment monkeyboy
monkeyboy's picture

a cunt?

Fri, 05/18/2012 - 19:58 | Link to Comment ss123
ss123's picture

Facebook is just an elaborate bulletin board system that the NSA, FBI, etc have hooks into.

No value created here.

Fri, 05/18/2012 - 19:59 | Link to Comment disabledvet
disabledvet's picture

how did the IPO do today? Well..."it only caused the exchange to drop 5 percent on the news"!
http://www.nasdaq.com/symbol/ndaq
a first indeed! "we blew up the Nasdaq today!" will how Facebook will be remembered.
"When you're gonna launch the Space Shuttle don't tell the world we'll be on the moon in three days." Worst IPO IN HISTORY. WILL BE fascinating next week. "Does the President need to get involved" is the question i'll be asking...

Fri, 05/18/2012 - 21:00 | Link to Comment knukles
knukles's picture

God, I fucking hope so.
please, please, please....
Or better yet, send Plugs.  He'll fuck it up royally.

Fri, 05/18/2012 - 21:06 | Link to Comment Race Car Driver
Race Car Driver's picture

Oh, the vanity.

Sat, 05/19/2012 - 00:30 | Link to Comment disabledvet
disabledvet's picture

this is NOT A JOKE. IPO's are quirky enough as it is..."one man's pain is another man's pleasure" kinda thing...but this was billed and created as THE IPO. "When you launch the Space Shuttle you better be going to the moon." Instead "our fizzle snizzled." My current valuation of Facebook is 1 billion...as that was the amount of cash it took for the syndicate to keep the IPO above its opening price. "Abandonment is not an option" either. This thing sucked in so much perfectly good money "giving this money back will be very painful indeed." Stock price WILL go South Monday. Will it even last the summer? Hell even TheGlobe.com did that!
http://en.wikipedia.org/wiki/TheGlobe.com

Fri, 05/18/2012 - 20:03 | Link to Comment oak
oak's picture

It could reach $5.00 within one yaer.

Fri, 05/18/2012 - 23:03 | Link to Comment WonderDawg
WonderDawg's picture

It could reach $5 next week, if MS doesn't keep it propped up.

Fri, 05/18/2012 - 20:06 | Link to Comment navy62802
navy62802's picture

Monday is gonna be a shit show.

Fri, 05/18/2012 - 20:16 | Link to Comment Yen Cross
Yen Cross's picture

 Jimmy Cramer calls it " Peak INDEMNIFICATION"!   Just sit on those longs folks. I'm a pyramid investor!

   Cramer must have donated the "RIGHT Side of his CRAM/IUM to  Berkshire Hathaway!  ARRRR .   I'm a Cretin!

Fri, 05/18/2012 - 20:22 | Link to Comment Azwethinkweiz
Azwethinkweiz's picture

...but what about California? The Facebook IPO was supposed to be the cure for it's $16 billion budget deficit. Oh, schucks!

Fri, 05/18/2012 - 20:29 | Link to Comment Yen Cross
Yen Cross's picture

 The IPO price was achieved! Everyone got their paycheck.   Stocks trade on " multiples".

Fri, 05/18/2012 - 20:25 | Link to Comment FubarNation
FubarNation's picture

Sometimes I really miss the 'Magic Hour' with Magic Johnson.  Do you remember that?

Fri, 05/18/2012 - 20:57 | Link to Comment q99x2
q99x2's picture

The Don Ben Bernank had to give the banksters their day to lure the retail investor back to buy up their stolen QE money that the banksters conned him into putting into the market. What a wusse.

Fri, 05/18/2012 - 21:09 | Link to Comment geoffb
geoffb's picture

So let me get this straight, a company bought and paid for by spook agencies went public. Doesn't that esentially mean we are paying them to spy on us?? I think I have officially seen everything.

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