Glenn McCoy by Glenn McCoy

Glenn McCoy

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  1. walruscarver2000

    walruscarver2000 said, over 2 years ago

    Overhiped? On Wall Street? Stop the presses!

  2. Rad-ish

    Rad-ish GoComics PRO Member said, over 2 years ago

    He’s laughing all the way to the bank with his billions.

  3. dtroutma

    dtroutma GoComics PRO Member said, over 2 years ago

    Hmm, J.P. Morgan rated them for the opening, and heard folks lost $30 BILLION, in addition to the meager $2 BILLION J.P. just lost, can’t beat that deregulation and J.P. Morgan!

  4. INGSOC

    INGSOC GoComics PRO Member said, over 2 years ago

    Uh oh, passing fads certainly pass on, to become forgotton….

  5. walruscarver2000

    walruscarver2000 said, over 2 years ago

    An old college professor of mine explained the Great Depression by saying that people got roped into the “Greater Fool Theory”. Basically it said whatever price you pay there will be a greater fool tomorrow who will pay even more. (Kind of an early edition of the Ponzi.)

  6. mattWVL

    mattWVL said, over 2 years ago

    Like no one saw that coming..

  7. fritzoid

    fritzoid GoComics PRO Member said, over 2 years ago

    I could be wrong, but I don’t see facebook going away anytime soon. It’s not a fad, it’s already woven into the fabric of life for millions of people, most of them younger than me (although my 82 year-old mother is also a fan; she’s pretty much housebound, so it’s her main conduit to the outside world; and unlike television, it’s participatory). If facebook AS A COMPANY disappears (and again, I don’t see that happening anytime soon), it’ll probably be because some better version of it (maybe bigger and more comprehensive, maybe smaller and more focused) takes its place.


    Owning STOCK in facebook, on the other hand, may qualify as a fad. It’s already a huge and profitable company; the chance of making a killing by getting in “on the ground floor” has long since past. But after the initial hoo-hah of the IPO, I expect that the stock price will find its level and pay out modest dividends for a long time to come.

  8. mikefive

    mikefive said, over 2 years ago

    Media hyped Facebook, but many, many financial advisers were advising against Facebook at the IPO price.

  9. walruscarver2000

    walruscarver2000 said, over 2 years ago

    The biggest problem for facebook, long term, is that it will cease to be the flavor of the month. The history of the internet is one of constant change Commador 64, Netscape, Metacafe, My Space, all were the hot item yesterday, and all were replaced by somethng else. Facebook may find it is “so last year” before the end of the year.

  10. fritzoid

    fritzoid GoComics PRO Member said, over 2 years ago

    @walruscarver2000

    “Facebook may find it is “so last year” before the end of the year.”


    That’s a possibility, of course, but it seems to me that facebook is now the 800-lb gorilla. If something appears on the horizon that could threaten it, Zuckerberg could follow the Microsoft model and either buy the company or “appropriate” their idea, and incorporate it into facebook. Lord knows he’s got the money, and he’s already shown the mindset.


    Remember music videos? That was a fad. But MTv is still around…

  11. Wraithkin

    Wraithkin said, over 2 years ago

    Part of the problem with the FB pricing is also the fact that you see ad vendors pulling up stakes because they aren’t seeing revenue being generated by their ads. That, and the fact that the CFO said they should release more stock right before they opened the IPO diluted the share value of each stock.

    On the reverse end, to those who complained of deregulation, there are quite a few governmental agencies that are poking around the IPO because it had such a lackluster launch.

  12. pirate227

    pirate227 said, over 2 years ago

    When it dips below $20, buy.

  13. walruscarver2000

    walruscarver2000 said, over 2 years ago

    @fritzoid

    Facebook and I rarely speak, but my understanding is that it’s already losing steam due to the fact that people are using aps which don’t allow for ads on their phones. (Something like that, anyway.Ask a 12 year old.) As for MTV, again out of my area, but I know they have switched much of their programing to reality shows. Their biggest hit is Sixteen and Pregnant.

  14. omQ Release the Desaparecidos

    omQ Release the Desaparecidos said, over 2 years ago

    @walruscarver2000

    Just a minor nitpick :the Commodore 64 was never networkable, never-mind on the internet. We’re talking about the early ’80s. On the other hand, I had an Acorn BBC B (a Beeb)which could be networked (via their “ECONET”, simply a LAN) but was never on the internet either.

    Folks at my workplace were egging me to join them in their purchase of FB shares but I wisely refused point-blank. I wonder how much they lost.

  15. Wraithkin

    Wraithkin said, over 2 years ago

    @walruscarver2000

    “Their biggest hit is Sixteen and Pregnant.”

    That’s a pretty sad sign of our times. Kids having kids.

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