Yeah, kind of reminds me of the dot com bust from about 10 years ago, where we learned the hard lesson that a company isn't worth jack, if it can't come up with a way to make money. Just having a popular site won't get it, especially if the site is free like Facebook. And therein lies the rub- people have just shown no inclination to pay for this kind of stuff. If its free, they love it; if they gotta pay, they bolt to "the next big thing".
Microsoft stock went wild after their IPO, because they not only had a product to sell (the PC operating system), but they had pretty much cornered the market on it, to boot.
Supposedly, brokers gave their biggest clients "inside information" to dissuade them from buying- what was the inside information, "this is the most ridiculous IPO in the history of mankind, and I wouldn't touch it with a ten foot pole?" When does common sense become inside information?
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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