Friday, January 27, 2012

Facebook Facebook Facebook. IPO, meet shark ramp....

The financial media is quite excited about the pending Facebook IPO. While I believe its timing is ideal, for current Facebook shareholders, it won't be for buyers of the stock when it goes public.

If you're a Facebook user, you've probably noticed your "friends" list is growing more slowly these days, and the kids you know aren't very happy about parents and grandparents taking it over. They've moved on to Google +, or some other social network you don't know about. Probably back to MySpace, which was Facebook before Facebook.

You've also probably noticed yourself growing a bit tired of Facebook use. Sure you post the occasional family photo, or talk smack during the big game. but you find yourself using it less and less if you've already been using it for more than a year.

I don't recommend buying Facebook stock on IPO day. If you must, flip it as soon as you can. Ask your teenagers - Facebook has jumped the shark. Just don't ask them what they're using instead of Facebook now (pssst, MSNBC says it's probably Twitter)... Or if they know who Arthur Fonzarelli is...

Facebook IPO heading for the ramp

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