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(CNN) Dumbass 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) divider line 174
More: Dumbass, IPO, CEO Mark Zuckerberg, publicly traded company  
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16050 clicks; posted to Main » on 02 Feb 2012 at 1:55 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



174 Comments   (+0 »)
   
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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.
 
2012-02-02 12:24:11 PM
As opposed to the enlightened cognoscenti on this site....Right,subby?
 
2012-02-02 01:04:29 PM
You'll get over it.
 
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.
 
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.
 
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.
 
2012-02-02 02:03:23 PM
"Screw this, I'm making Jeffbook...it's time to get paid"

2.bp.blogspot.com

Copyright pending, biatch!
 
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+
 
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.
 
2012-02-02 02:04:56 PM
Have you guys seen Jeffbook yet? it's AWESOME!
 
2012-02-02 02:06:18 PM
all the cool people have moved to friendface anyway.
 
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.
 
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.
 
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.
 
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
 
2012-02-02 02:10:57 PM
Here is some free investment advice. Don't buy into this. How are your Myspace shares doing?
 
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.
 
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]
 
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:

msnbcmedia1.msn.com

http://www.msnbc.msn.com/id/46234749/ns/business-us_business/#.TyrfW OR 9OSo (new window)
 
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.
 
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.
 
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.
 
2012-02-02 02:14:51 PM
I will never sell my Fark shares.
 
2012-02-02 02:16:12 PM
www.lolriot.com
 
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...
 
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.
 
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.
 
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.
 
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).
 
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.
 
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!
 
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.
 
2012-02-02 02:24:21 PM
Once again the conservative sandwich-heavy portfolio pays off for the hungry investor!
 
2012-02-02 02:25:10 PM
Facebook reached critical mass about a year ago.

Nowhere to go from here but down.
 
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.
 
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.
 
2012-02-02 02:27:02 PM
For me, facebook == foodbook.

/check out the pizza that I made from scratch.

a7.sphotos.ak.fbcdn.net

a3.sphotos.ak.fbcdn.net

a7.sphotos.ak.fbcdn.net

/yes, grow little yeast dudes, grow and make my pizza dough delicious.
 
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?
 
2012-02-02 02:28:35 PM
lordargent: /yes, grow little yeast dudes, grow and make my pizza dough delicious.

crust recipe, please?
 
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).
 
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.
 
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.
 
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.
 
2012-02-02 02:32:30 PM
Ah Facebook, the giant stage for attention whores.
 
2012-02-02 02:32:32 PM
 
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.
 
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!
 
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.
 
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.
 
2012-02-02 02:36:22 PM
I have to get moving on buying that Googlezon (new window) stock....
 
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