Why I'm not buying Facebook

Post by _cbsz » Tue, Jan 04, 2011, 8:27 PM UTC

code_duck wrote: post #31

nostromo wrote: post #23

I remember how excited average investors were at the prospect of a new way of going public when Google announced its innovative auction IPO. "Finally, Wall Street banks wouldn't be able to crowd to the front of the line!" Their public auction, their "don't be evil", and their continued use of their power for good -- like their trick to get openness principles adopted during the wireless spectrum auction -- all exempl…

The behavior and culture of a company is often a direct reflection of the character of the people who founded it. Unfortunately, very few 24 year olds are mature enough to handle the responsibility and decisions that come with a large corporation - even though the corporation may be successful, other problems become evident. Take Etsy, for instance, another company founded by a 24 year old. While they have been succe…

Post by code_duck » Tue, Jan 04, 2011, 8:31 PM UTC

gyardley wrote: post #40

code_duck wrote: post #31

Earlier quoted context omitted.

The behavior and culture of a company is often a direct reflection of the character of the people who founded it. Unfortunately, very few 24 year olds are mature enough to handle the responsibility and decisions that come with a large corporation - even though the corporation may be successful, other problems become evident. Take Etsy, for instance, another company founded by a 24 year old. While they have been succe…

Do elaborate. I know a handful of people at Etsy and they all seem pleased to be there.

Post by code_duck » Tue, Jan 04, 2011, 8:34 PM UTC

noahc wrote: post #35

code_duck wrote: post #31

Earlier quoted context omitted.

The behavior and culture of a company is often a direct reflection of the character of the people who founded it. Unfortunately, very few 24 year olds are mature enough to handle the responsibility and decisions that come with a large corporation - even though the corporation may be successful, other problems become evident. Take Etsy, for instance, another company founded by a 24 year old. While they have been succe…

Can you explain further about Etsy? Is this documented somewhere?

Post by sliverstorm » Tue, Jan 04, 2011, 8:50 PM UTC

_cbsz wrote: post #41

code_duck wrote: post #31

Earlier quoted context omitted.

The behavior and culture of a company is often a direct reflection of the character of the people who founded it. Unfortunately, very few 24 year olds are mature enough to handle the responsibility and decisions that come with a large corporation - even though the corporation may be successful, other problems become evident. Take Etsy, for instance, another company founded by a 24 year old. While they have been succe…

Don't forget Microsoft. If you weren't convinced already, Breaking Windows makes it fairly clear that the company was a projection of Bill Gates.

Post by garply » Tue, Jan 04, 2011, 8:54 PM UTC

nivertech wrote: post #46

The only people what can make money on Facebook stock, is Chinese government officials. All they need to do, is to accumulate $FCBK stock and then allow Facebook.com to be used in China. Number of Facebook users will jump from 0.5B to 1.5B, same with the valuation from $50B to $150B ;)