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So what did Facebook's $5 billion IPO teach us? Well, for one thing, it taught us that Facebook users are a drooling pack of monkey idiots. "Screw this, I'm making Jeffbook...it's time to get paid"
(
cnn.com
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Norv Turner
2012-02-02 11:59:38 AM
I've found myself using it less and less. I started realizing I don't give a shiat about other people's problems (I immediately defriend anyone who posts pictures of their kids because I'm in my 20's and don't want to see people who ruin their lives this young) and I deleted any photos of myself years ago because I needed to get a job after college.
I'll prob keep it just to check in every once in a while but don't expect to gather any personal info on me because its not there.
Apos
2012-02-02 12:24:11 PM
As opposed to the enlightened cognoscenti on this site....Right,subby?
R.A.Danny
2012-02-02 01:04:29 PM
You'll get over it.
TheShavingofOccam123
2012-02-02 01:58:40 PM
I use it to organize a poker game. But it's easier just to use email. As long as people READ THEIR GOTTDAMNED EMAILS.
I'm thinking of texting but I want to wait and see if the technology takes hold first.
Splinshints
2012-02-02 01:58:41 PM
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
Headso
2012-02-02 02:02:06 PM
Really what is to stop people from choosing a different host for all their social networking needs, I remember when myspace lost it's appeal to people it was just kinda meh, facebook is better/cooler might as well just use that, it didn't seen to take much to doom it. Seems like a bit of a riskier investment... to hold onto anyways.
jayhawk88
2012-02-02 02:03:23 PM
"Screw this, I'm making Jeffbook...it's time to get paid"
Copyright pending, biatch!
meanmutton
2012-02-02 02:03:34 PM
Headso
:
Really what is to stop people from choosing a different host for all their social networking needs, I remember when myspace lost it's appeal to people it was just kinda meh, facebook is better/cooler might as well just use that, it didn't seen to take much to doom it. Seems like a bit of a riskier investment... to hold onto anyways.
Ask Google+
Flakeloaf
2012-02-02 02:04:35 PM
Splinshints
:
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
Facebook users are not the customers. They are the product.
FeFiFoFark
2012-02-02 02:04:56 PM
Have you guys seen Jeffbook yet? it's AWESOME!
InfrasonicTom
2012-02-02 02:06:18 PM
all the cool people have moved to friendface anyway.
The Lone Talbot
2012-02-02 02:09:39 PM
Norv Turner
:
I've found myself using it less and less. I started realizing I don't give a shiat about other people's problems (I immediately defriend anyone who posts pictures of their kids because I'm in my 20's and don't want to see people who ruin their lives this young) and I deleted any photos of myself years ago because I needed to get a job after college.
I'll prob keep it just to check in every once in a while but don't expect to gather any personal info on me because its not there.
You sound like a fun and caring person.
wmoonfox
2012-02-02 02:10:00 PM
Bottom line is that Zuckerberg et al suffered from "right time, right place" syndrome. Nobody with the same idea is likely to succeed today, and without the supportive atmosphere of Harvard and the selective membership that start provided it is unlikely that Facebook would have gone anywhere. We could all be sitting here gawking at the value of MySpace if things had unfolded somewhat differently -- a frightening thought, indeed.
Zuckerberg is not a marketing genius, nor is he a super-savvy businessman or a tech genius. What he is, is smart enough to hire people with those skills. This hero worship, including a cover on TIME, is completely undeserved.
TheGogmagog
2012-02-02 02:10:24 PM
I was wondering if it would be possible to not sell out the IPO, at the very least to not break $50 billion. Even then I'd expect a surge followed by a decline in value. I predict the roller coaster of stock value will drive users away even though there is no logical reason for such a connection.
Forgot_my_password_again
2012-02-02 02:10:53 PM
out of all my facebook friends only one person posted anything on the stock thing and that was about the woman in my state selling fake shares
retrograde
2012-02-02 02:10:57 PM
Here is some free investment advice. Don't buy into this. How are your Myspace shares doing?
Fuggin Bizzy
2012-02-02 02:11:34 PM
I'm so cool I don't even admit to having a facebook account. I really only use it to water my crops in farmville, and I've only done that like four times.
Today.
rolladuck
2012-02-02 02:11:36 PM
Splinshints
:
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
You're not Facebook's customer. You are its product.
[cue facebookandyou.jpg]
proton
2012-02-02 02:11:58 PM
Here is a graffiti artist who painted the walls at FBs first HQ. He took stock instead of cash for payment. He's expected to be worth $200 million:
http://www.msnbc.msn.com/id/46234749/ns/business-us_business/#.TyrfW OR 9OSo
(new window)
Mikey1969
2012-02-02 02:13:40 PM
Splinshints
:
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
Just for the record, none of the FB Faithful have "bought" anything from FB. Nothing. FB makes all of its money selling ads that people ignore or block anyway, but nobody "pays" FaceBook.
Headso
2012-02-02 02:13:56 PM
meanmutton
:
Headso: Really what is to stop people from choosing a different host for all their social networking needs, I remember when myspace lost it's appeal to people it was just kinda meh, facebook is better/cooler might as well just use that, it didn't seen to take much to doom it. Seems like a bit of a riskier investment... to hold onto anyways.
Ask Google+
My point being it seems like people can just randomly decide to move away from your product versus like oil or heavy equipment or whatever where changes are not so spontaneous.
Sir Vanderhoot
2012-02-02 02:14:43 PM
wmoonfox
:
Bottom line is that Zuckerberg et al suffered from "right time, right place" syndrome. Nobody with the same idea is likely to succeed today, and without the supportive atmosphere of Harvard and the selective membership that start provided it is unlikely that Facebook would have gone anywhere. We could all be sitting here gawking at the value of MySpace if things had unfolded somewhat differently -- a frightening thought, indeed.
Zuckerberg is not a marketing genius, nor is he a super-savvy businessman or a tech genius. What he is, is smart enough to hire people with those skills. This hero worship, including a cover on TIME, is completely undeserved.
Had MySpace not been bought out so soon and thus run into the ground by colossal dumbasses, it may well have kept Facebook to the niche that it started out in - college students.
Since graduating, I've found my Facebook useage drop like a stone. And I'm much happier for it.
BalugaJoe
2012-02-02 02:14:51 PM
I will never sell my Fark shares.
Shakespeare's Monkey
2012-02-02 02:16:12 PM
TheDirtyNacho
2012-02-02 02:17:43 PM
proton
:
Here is a graffiti artist who painted the walls at FBs first HQ. He took stock instead of cash for payment. He's expected to be worth $200 million:
[msnbcmedia1.msn.com image 474x293]
http://www.msnbc.msn.com/id/46234749/ns/business-us_business/#.TyrfW OR 9OSo (new window)
An enlightening lesson in taking the long view...
9beers
2012-02-02 02:18:15 PM
proton
:
Here is a graffiti artist who painted the walls at FBs first HQ. He took stock instead of cash for payment. He's expected to be worth $200 million:
[msnbcmedia1.msn.com image 474x293]
http://www.msnbc.msn.com/id/46234749/ns/business-us_business/#.TyrfW OR 9OSo (new window)
I red that earlier, lucky dude.
Fuggin Bizzy
2012-02-02 02:18:39 PM
retrograde
:
Here is some free investment advice. Don't buy into this. How are your Myspace shares doing?
Good advice. I'm also glad I didn't buy into Google's much-hyped IPO years ago.
But seriously, you want to pass on this because Google+ has started to make a serious dent in Facebook's...*snort* hahaha! I kill me.
EdNortonsTwin
2012-02-02 02:19:18 PM
I can't wait
proton
:
Here is a graffiti artist who painted the walls at FBs first HQ. He took stock instead of cash for payment. He's expected to be worth $200 million:
[msnbcmedia1.msn.com image 474x293]
http://www.msnbc.msn.com/id/46234749/ns/business-us_business/#.TyrfW OR 9OSo (new window)
The vatos at my wife's school who all want to be "Professional Graffiti Artists", are going to wet themselves...and use this as a further excuse to not do their homework.
Noticeably F.A.T.
2012-02-02 02:22:01 PM
wmoonfox
:
Zuckerberg is not a marketing genius, nor is he a super-savvy businessman or a tech genius. What he is, is smart enough to hire people with those skills.
I'd say being able to put those people together and manage them is a valuable skill in and of itself. I'm not going to say he didn't benefit from a large piece of good luck, but you have to have a certain amount of smarts to recognize an opportunity for what it is and not let it run away from you. There aren't really a whole lot of people who can do that (or at least not as well as he has).
sundance1028
2012-02-02 02:22:25 PM
Norv Turner
:
I've found myself using it less and less. I started realizing I don't give a shiat about other people's problems (I immediately defriend anyone who posts pictures of their kids because I'm in my 20's and don't want to see people who ruin their lives this young) and I deleted any photos of myself years ago because I needed to get a job after college.
I'll prob keep it just to check in every once in a while but don't expect to gather any personal info on me because its not there.
Congratulations. You are now the coolest person on the Internet. Your free hipster glasses will be arriving on your doorstep shortly.
poot_rootbeer
2012-02-02 02:23:37 PM
Want some news? Here, read these poorly informed opinions from a dozen Facebook users of no particular importance instead.
THIS IS CNN!
TheDirtyNacho
2012-02-02 02:24:19 PM
Sir Vanderhoot
:
wmoonfox: Bottom line is that Zuckerberg et al suffered from "right time, right place" syndrome. Nobody with the same idea is likely to succeed today, and without the supportive atmosphere of Harvard and the selective membership that start provided it is unlikely that Facebook would have gone anywhere. We could all be sitting here gawking at the value of MySpace if things had unfolded somewhat differently -- a frightening thought, indeed.
Zuckerberg is not a marketing genius, nor is he a super-savvy businessman or a tech genius. What he is, is smart enough to hire people with those skills. This hero worship, including a cover on TIME, is completely undeserved.
Had MySpace not been bought out so soon and thus run into the ground by colossal dumbasses, it may well have kept Facebook to the niche that it started out in - college students.
Since graduating, I've found my Facebook useage drop like a stone. And I'm much happier for it.
Seems like tech buyouts and IPOs result in a slowly dying company. Post IPO google is a series of half-baked dud products. Myspace's buyout resulted in turning it into an awful "what space can we fit an ad into" POS.
Once you start having to answer to a corporate master, or general public shareholders it goes downhill, unless you've got some kind of Steve Jobs'ian character at the helm that doesn't give a fark about what others think.
ultraholland
2012-02-02 02:24:21 PM
Once again the conservative sandwich-heavy portfolio pays off for the hungry investor!
JimmyFartpants
2012-02-02 02:25:10 PM
Facebook reached critical mass about a year ago.
Nowhere to go from here but down.
J. Frank Parnell
2012-02-02 02:25:12 PM
Mikey1969
:
FB makes all of its money selling ads that people ignore or block anyway
Nope. Selling user info is their business.
pag1107
2012-02-02 02:25:18 PM
Mikey1969
:
Splinshints: What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
Just for the record, none of the FB Faithful have "bought" anything from FB. Nothing. FB makes
all
some of its money selling ads that people ignore or block anyway,
but nobody "pays" FaceBook.
People and companies "pay" facebook all the time, they pay them for your information which facebook mines and packages.
lordargent
2012-02-02 02:27:02 PM
For me, facebook == foodbook.
/check out the pizza that I made from scratch.
/yes, grow little yeast dudes, grow and make my pizza dough delicious.
Rug Doctor
2012-02-02 02:27:23 PM
I don't disagree,
subby
, but our entire economy is based on
perceived
value. Is Facebook any different than any other silly-ass thing Wall Street buys up?
ultraholland
2012-02-02 02:28:35 PM
lordargent:
/yes, grow little yeast dudes, grow and make my pizza dough delicious.
crust recipe, please?
mynameisdouglas
2012-02-02 02:30:07 PM
I have a bare minimum of stuff on my facebook, unlike when I was still in school.
I still use it to keep in touch with friends (and a few people I don't like, too).
wmoonfox
2012-02-02 02:30:16 PM
Noticeably F.A.T.
:
I'd say being able to put those people together and manage them is a valuable skill in and of itself. I'm not going to say he didn't benefit from a large piece of good luck, but you have to have a certain amount of smarts to recognize an opportunity for what it is and not let it run away from you. There aren't really a whole lot of people who can do that (or at least not as well as he has).
He wouldn't have been attending Harvard if he wasn't smart, so that much is a given.
As for how many people can recognize and chase a dream with a financial payoff, that's where the luck comes in. A vast majority of people will never see their dream take off like Facebook did, regardless of how much sweat and tears go into the project.
JackieRabbit
2012-02-02 02:32:19 PM
What we're not hearing much about is that Zuckerberg is essentially cashing out. He's only going to hold a 28% share in the public company and that's not enough to control it. A few other principle investors can pool their votes and proxies and vote him off the board of directors. He has to know this, so he probably doesn't care. He will have become a very wealthy man off of AWs. Time to retire.
rocky_howard
2012-02-02 02:32:26 PM
Rug Doctor
:
I don't disagree, subby, but our entire economy is based on perceived value. Is Facebook any different than any other silly-ass thing Wall Street buys up?
Watch out. Some badasses will tell you that you're an idiot cokehead for saying that.
PyroStock
2012-02-02 02:32:30 PM
Ah Facebook, the giant stage for attention whores.
Kumana Wanalaia
2012-02-02 02:32:32 PM
relevant to interests:
Should a Web Startup Go Straight To the Cloud?
(pops, slashdot)
Newb-Friendly Linux Flavor For LAMP Server?
(pops, slashdot)
dericwater
2012-02-02 02:32:51 PM
Splinshints
:
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
Facebookers are not the customers. They're the product.
vodka
2012-02-02 02:33:04 PM
lordargent
:
For me, facebook == foodbook.
/check out the pizza that I made from scratch.
/yes, grow little yeast dudes, grow and make my pizza dough delicious.
What is that, cheddar? Blasphemy!
J. Frank Parnell
2012-02-02 02:34:48 PM
wmoonfox
:
He wouldn't have been attending Harvard if he wasn't
smart
from a rich family
How smart does this weasel look, really?
http://www.youtube.com/watch?v=o3hu3iG8B2g
.
Flogster
2012-02-02 02:35:33 PM
Splinshints
:
Am I the only person that thinks every Facebook member should receive at least 1 share at initial post?If it wasn't for all of you loyal and faithful Facebookers, this would never have gotten this far
What an incredibly dumb comment. I hope it was meant to be tongue in cheek given that no company would ever go public if not for customers buying things from it.
But there's a nugget of gold in that comment. If Facebook makes money on user data, could the Internet unionize and demand payment for providing said data?
Have a website that charges a one time life membership fee, gather enough users to become a negotiating force and demand a share of profits.
It's so beautifully communist.
ipxodi
2012-02-02 02:36:22 PM
I have to get moving on buying that
Googlezon
(new window) stock....
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