Facebook continues to tank
And this is surprising ….. how???
Business model – selling ads
Revenue – Entirely based on selling ads to its users
Continually pisses of customers by resetting their privacy settings to wide-assed open
EU has been making rumblings the business is in violation of EU privacy rules
Popularity is beginning to drop off so they’re going to open it up to pre-teens – again. After getting in trouble for that.
Yeah, that sounds like a good investment.
And just to help Wall Street’s PR image out the lead Facebook underwriter Morgan Stankley cut its Facebook revenue forecasts just days before the IPO and yet somehow still managed to not to tell its small investors to BAIL BAIL BAIL! And they weren’t alone. Goldman Sacks’o'shit and JPMorgan Chasethedollars didn’t warn their smaller investors even though they too lowered revenue estimates.
I have an idea – make those three pay the difference between the purchase price paid by the small investors and the current price to all the smaller investors. And block them from recouping it any way except from the big investors that got the warning….