Facebook has effectively spurned the tech-world and burst any hope of a developing tech-bubble boom that Silicon Valley desperately needs at a time like now.
This IPO made money for three people; Mark Zuckerberg, Bankers, and Lawyers. Anyone else foolish enough to not see the warning signs lost money, and have no chance of getting it back. Some have resorted to a class action lawsuit against the underwriters of the FB stock, Morgan Stanley,, who were responsible for artificially manipulating the market by buying shares of FB that they did not intend to keep, only to keep good on their claim that you should just keep buying FB stock. This is the business-end of Facebook of course; Facebook on the web will always have users – Mom and Grandma are just now catching on to the hip social-sensation their kids were talking about non-stop a few years ago. Hey, Myspace still has users right?
If you keep making bad business decisions, it trickles down and alienates the user-base with a sub-par experience. How much will you take from Mark Zuckerberg and the 1%ers before you have had enough? Let me know in the comments below.