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I appeared on CNN this morning to talk about why I'm not buying Facebook (CISPA)

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Re: I appeared on CNN this morning to talk about why I'm not buying Facebook (CISPA)

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What is Facebook?

It's a social network like MySpace and Friendster.

Pfft. After watching the death of those previous companies, no retail investor would be dumb enough to buy stock in another.

I'm sure they've learned their lesson about investing in "hot" companies.

Re: I appeared on CNN this morning to talk about why I'm not buying Facebook (CISPA)

#5
post #4
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Earlier quoted context omitted.

It's a social network like MySpace and Friendster.

Pfft. After watching the death of those previous companies, no retail investor would be dumb enough to buy stock in another. I'm sure they've learned their lesson about investing in "hot" companies.

Like investing in Apple after learning about the death's of other mp3-player-companies?

Re: I appeared on CNN this morning to talk about why I'm not buying Facebook (CISPA)

#10
post #4

Earlier quoted context omitted.

Pfft. After watching the death of those previous companies, no retail investor would be dumb enough to buy stock in another. I'm sure they've learned their lesson about investing in "hot" companies.

Like investing in Apple after learning about the death's of other mp3-player-companies?

You really think that is a good comparison? I am not an Apple user, but Apple nowhere in my mind competes with MP3 player makers. It is a vast tech company with massive investments in designing and manufacturing of MP3 players to Laptops, phones and developing a host of really large software.

That is not Facebook, it sells nothing other than the network, much like MySpace used to. If yours friends drop off Facebook, you will drop off too. That is not same for Apple. Apple users will continue using the products even if their friends do not. Its a personal device.

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