271–280 of 319 posts
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well if it really is then i hope it turns around somewhere soon. As of now, it's looking like 0% for the first day, and even that is an artificial level supported by the underwriters of the IPO. I'd cut your losses, get out soon, and wait until the stock corrects somewhere lower, mid-20s or even below.
There are hedge funds and banks who NEED this stock to go up. They bought in at 38. This thing will hit 55 way before it hits 25.
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Facebook is the new AOL. Exactly. And the worst part of it is there is a kid acting as CEO calling himself a "hacker". Hackers do not turn websites into corporations. Imagine if all ISP's were turned into "AOL's". Facebook did not connect billions of people. They were already connected. All they needed to do was share their contact details. And the facility for that already existed in thousands of other websites. Peo…
I think we can all agree that Zuckerburg is indeed a Hacker (in the HN context). He's been hacking since he was a kid, and he built facebook (duh). When he was at StartUp School a few years back - he was clearly in his element. If we are bashing fb for using personal info to sell ads - the same principal basically applies to any major social site in the world. Hate him or love him - fb has been a huge boon for the ev…
Are you attributing the "boon" to one web developer when it really is a result of the inevitable growth of the web, mobile computing, internet connectivity, dropping costs for hardware, etc.? Or maybe it's the amazing feat of acquiring a billion users? Maybe you think that was heretofor impossible?
If it wasn't the Facebook site, it would have been another site. Do you disagree? To think that Facebook made something possible that would not have been possible without one web developer seems irrational. It could have been anyone.
People can connect. Not because of one person and his website, but because of technology.
If a billion people choose to sign up and use your website as a hub for personal communication, I think that places some responsibility on you.
Whether you become a billionaire or not should not affect that responsibility.
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Over the years I've watched this exact conversation play out, dozens of times. I personally was inspired to leave Sun by a guy I know who worked there, and seemed like a complete idiot, who joined a startup and subsequently got reasonably wealthy [1]. The other bit of experience I brought to the table was growing up in Las Vegas Nevada where money was a sort of 'quantum' thing in that sometimes you had it, sometimes…
And all during that time/process people will be trying to sort out how much of the success or lack of success of their peers reflects on their own success or lack of success. As folks work through that process they sometimes become enlightened, sometimes bitter, often cynical, and ideally wiser. As someone who will be facing his 5 year college reunion, do you have any tips to deal with this floodgate of emotions? Per…
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> The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. The top voted comment actually is an excerpt from a book by a man that I respect a whole lot more than I respect Mark Zuckerberg. For one he seemed a genuinely nice and modest human being. He also influenced the lives of countless people by being creative rather than by selling off their private…
It must be thoughtlessness. You can't honestly look at Facebook's contribution to the Arab Spring (and similar social justice causes) or the millions of people it has reconnected (long-lost family/friends) and think that SpaceX has any chance of creating comparable positive impact at any point in the near future. I like SpaceX too. It's every geek's childhood fantasy. It's a great thing. Elon is the real Tony Stark.…
Consider what we have done already with rockets. There are many satellites orbiting the earth that make huge communication networks possible. Rockets sent them up there. SpaceX may not have immediate applications, but someone needs to be pushing the frontiers of science and technology. If there wasn't a space program going back decades, I seriously doubt we would have the ability to communicate the way do today.
This is Hacker News. The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. Every hacker, every entrepreneur, every creator should derive inspiration and uplift from Facebook's story. It's a rare bright day in the middle of the worst economic environment since the 1930s. It doesn't matter whether the company will grow into a $100B valuation. It does m…
Not trying to nitpick on a post I mostly agree with, but the second half of that sentence would apply to late 2008, not 2012. Corporate profits are at record highs, the stock market has doubled off the lows, etc. It amazes me the denial of the phenomenal economic recovery of 2009.
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> The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. The top voted comment actually is an excerpt from a book by a man that I respect a whole lot more than I respect Mark Zuckerberg. For one he seemed a genuinely nice and modest human being. He also influenced the lives of countless people by being creative rather than by selling off their private…
It must be thoughtlessness. You can't honestly look at Facebook's contribution to the Arab Spring (and similar social justice causes) or the millions of people it has reconnected (long-lost family/friends) and think that SpaceX has any chance of creating comparable positive impact at any point in the near future. I like SpaceX too. It's every geek's childhood fantasy. It's a great thing. Elon is the real Tony Stark.…
Also, in Syria, the authorities tortured people for their Facebook profile information. http://www.telegraph.co.uk/news/worldnews/middleeast/syria/8...
Please distinguish my reporting of facts from taking a position on this issue.
This is Hacker News. The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. Every hacker, every entrepreneur, every creator should derive inspiration and uplift from Facebook's story. It's a rare bright day in the middle of the worst economic environment since the 1930s. It doesn't matter whether the company will grow into a $100B valuation. It does m…
> It's a rare bright day in the middle of the worst economic environment since the 1930s. Not trying to nitpick on a post I mostly agree with, but the second half of that sentence would apply to late 2008, not 2012. Corporate profits are at record highs, the stock market has doubled off the lows, etc. It amazes me the denial of the phenomenal economic recovery of 2009.
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It must be thoughtlessness. You can't honestly look at Facebook's contribution to the Arab Spring (and similar social justice causes) or the millions of people it has reconnected (long-lost family/friends) and think that SpaceX has any chance of creating comparable positive impact at any point in the near future. I like SpaceX too. It's every geek's childhood fantasy. It's a great thing. Elon is the real Tony Stark.…
I think it's a bit of a leap to attribute the Arab Spring to Facebook's contribution. It was long overdue and it would have happened with or without facebook. Would we blame it on facebook if the spring failed to lead into summer? If not then it stands to reason that we can't credit facebook with the success either. The Arab Spring and all the good that may come out of it belongs to the Arabs, to those that laid thei…
There is a logic fallacy in this statement: Facebook was the tool to call and organize millions of people for the Arab Spring; organization is the obligatory step 1 for a revolution; if they fail at step 2 or 3 it haves nothing to do with Facebook; it would be like pretending that telephones do not help in emergency situations because when the fireman doesn't arrive fast enough we don't blame the telephone company.
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That 25% of the company has changed hands in 20 minutes.
25% of the shares offered, not of the company
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> The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. The top voted comment actually is an excerpt from a book by a man that I respect a whole lot more than I respect Mark Zuckerberg. For one he seemed a genuinely nice and modest human being. He also influenced the lives of countless people by being creative rather than by selling off their private…
It must be thoughtlessness. You can't honestly look at Facebook's contribution to the Arab Spring (and similar social justice causes) or the millions of people it has reconnected (long-lost family/friends) and think that SpaceX has any chance of creating comparable positive impact at any point in the near future. I like SpaceX too. It's every geek's childhood fantasy. It's a great thing. Elon is the real Tony Stark.…
You absolutely can. The telephone did those things, too. So does Twitter. If it weren't Facebook, something else would've been used instead.
This is like celebrating the "success" of a new hammer design. There will be another tool in five years' time that will replace Facebook, too.