I hope folks here are more savoy then to buy into this hype. Almost all the recent HYPED IPO's have tanked , starting within 3 days of going public. Only ones that make money on them are the very few that bring them to market........
Submitted by Reggie Middleton on 05/16/2012 08:21 -0400
General Motors
Google
Peter Schiff
Reuters
Wall Street Journal
With Facebook slated to start trading in a few days, I feel it is appropriate to brush off some of the BoomBustBlog research and opinion that can help subscribers wade through the sell side waters. To wit, CNBC reports Facebook Faces User Distrust, Advertising Apathy: Poll:
More than half (57 percent) of Facebook users polled said they never click on ads or other sponsored content when they use the site, according to a new AP-CNBC poll. Another 26 percent said they hardly ever engage in such activity. Only 4 percent of users say they often click on ads — results that are only slightly better than the 2-3 percent clickthrough rate some experts consider the benchmark for effective banner ads.
This doesn't sound too good does it. Well, you can't say I didn't warn you last year:
Did Goldman Just Rip Its HNW and Institutional Clients Once Again? Facebook Growth Slows Pre-IPO, Just As We Warned!
The World's First Phenomenally Forensic Facebook Analysis - This Is What You Need Before You Invest, Pt 1
Facebook users have consistently cast a wary and suspicious eye on the platform: 59 percent of respondents said that they had little to no trust in Facebook to keep their information private.
That doesn't sound very good either, does it?
Yet despite those ongoing concerns, the number of users (and their engagement) continues to increase. Facebook has grown to 901 million monthly active users worldwide, with personal computer users spending six to seven hours per month on the site (compared to just 3 minutes for Google+ users), according to recent data from ComScore.
Now, this sounds very, very good. Of course, it doesn't sound as good when you look at it in context...
Slower subscriber growth...
http://www.zerohedge.com/contributed/2012-20-16/i-promised-last-year-facebook-being-proven-be-overhyped-and-overpriced?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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