Archive for May 17th, 2012
The big day is finally here! Facebook will launch it’s official IPO at around $38.00 per, and then at 9:31am will shoot to $90 or so. I could be wrong on the shoot to price, but I do know this, Facebook is severely overvalued.
What we know about Facebook to say it is a hot commodity, is that it is a web presence with over 900 million users, and has seen amazing growth in the past. The growth story is over at this point, and Facebook has not shown strength with capitalizing on their mobile platform. (You can only fit so many ads on a smartphone).
Should Facebook try to charge their customers they’ll quickly learn how people hate to pay. They are not Google nor Apple, as they do not have a multitude of businesses, nor a mobile phone arm. The stock should be priced at around $19.00, and the transparency of the markets will show just how NOT Steve Jobs, Mark Zuckerberg isn’t.
The latest web site that is claiming the world will end is www.the-end-times.com. This group claims the end will occur on May 27, 2012. I am annoyed at this for several reasons, one of which is I have just painted few rooms in my house. I mean really. If they cannot get it right with that amazing man Harold Camping, who can they trust?
Do you remember Harold Camping? If not, I put his photo atop this piece. He was the gentleman whom predicted the world’s end a few years back in May. When May came and went, he then stated that he was off and it was October. (He failed to apologize to his followers that emptied their life savings and gave it away. When the said month of October came and went, he apologized and said God was mad at him, and he was closing the ministry. (Boo Hoo).
Stop the prophecies!! God has a plan, and he seems to know well enough to keep us out of it. He knows that if we had the exact time and date, we’d max out the credit cards and do stuff we shouldn’t do. I’ll post again on May 28th.