My recent article - Why Facebook Shares Will Plummet - has not yet been published, and Facebook shares did plummet just yesterday.
You can imagine how badly it must've felt learning about one's prediction without it actually having been published - thanks to a few complications, including my own procrastination:
But bullshit aside, it was just the first cycle of Facebook share game. The second is up to a good start tomorrow morning. And you can bet that it will rebound a few percentage points. But in the long run it will drop at least 15% more, down to a 70 billion dollar valuation, possibly even further down if a few factors are met - I'll talk about those few factors in future blog posts.
The reasons for this seem obvious, but strangely enough both Forbes and BBC have overlooked the vast majority of them. It is fair to say, however, that BBC did mention one of them:
And indeed, he may be the best candidate for the position of world's next richest man, especially considering that
By the way, here is another reason why Facebook shares will plummet, as pointed out by Forbes:
"A variety of insiders are now planning to sell more shares:
Did anyone buy? Many suckers did. Corporations have cashed in, as usual.
But those two reasons are just a tip of the iceberg about to hit Titanic called Facebook. But all the same, we should thank that lovely guy Mark Zuckerberg. Who knew a website can be so destructive and unproductive while appearing to be helping you with something? The Real Titanic of 21st century, far more destructive than any other human creation. You may of course disagree and point out to revolutions caused by CIA and FBI - but even then, CIA and FBI orchestrated revolutions long before Facebook was "invented".
And as said before, those two reasons are just a tip of that Facebook-Titanic iceberg - many more will be explored in the new blog posts and eventually published in a big comprehensive article on my own website - ElectroTowel, Where Funny and Social Meet -, where you can currently find an article Why Facebook Is Not Free and Never Will Be.
And you can always follow me on Twitter: https://twitter.com/#!/ElectroTowel
Last, but not least, here is a video on the news of Facebook shares plummeting like a piece of shit:
You can imagine how badly it must've felt learning about one's prediction without it actually having been published - thanks to a few complications, including my own procrastination:
The reasons for this seem obvious, but strangely enough both Forbes and BBC have overlooked the vast majority of them. It is fair to say, however, that BBC did mention one of them:
The only reason a company floats on the stock market is to sell its shares for more than they are worth.Not to brag - though I really want to - I wrote the very same thing a long time ago in that still unpublished article: "Mister Mark Zuckerberg knows that Facebook has reached its zenith, so he wants to cash in for a few billion and then use those billions to buy even more Facebook shares, so that he could have even more complete control over Facebook - and even more importantly - get even richer than before."
And indeed, he may be the best candidate for the position of world's next richest man, especially considering that
Facebook made a net profit of $355m (£230m) on revenues of $1.2bn in the first nine months of 2010.But then again: do you use something "free" that makes its money off you?
By the way, here is another reason why Facebook shares will plummet, as pointed out by Forbes:
"A variety of insiders are now planning to sell more shares:
- Tiger Global upped the number of shares it will sell to 23.4 million, from 3.4 million.
- Mail.ru upped its planned sale to 19.6 million from 11.3 million.
- Accel Partners now plans to sell 49 million shares, up from 38.2 million.
- DST Group will sell 45.7 million shares, up from 26.3 million.
- Goldman Sachs will sell 28.7 million shares, up from 13.2 million.
- Greylock will sell 7.6 million shares, up from 7 million.
- Peter Thiel will sell 16.8 million shares, up from 7.7 million."
Did anyone buy? Many suckers did. Corporations have cashed in, as usual.
But those two reasons are just a tip of the iceberg about to hit Titanic called Facebook. But all the same, we should thank that lovely guy Mark Zuckerberg. Who knew a website can be so destructive and unproductive while appearing to be helping you with something? The Real Titanic of 21st century, far more destructive than any other human creation. You may of course disagree and point out to revolutions caused by CIA and FBI - but even then, CIA and FBI orchestrated revolutions long before Facebook was "invented".
And as said before, those two reasons are just a tip of that Facebook-Titanic iceberg - many more will be explored in the new blog posts and eventually published in a big comprehensive article on my own website - ElectroTowel, Where Funny and Social Meet -, where you can currently find an article Why Facebook Is Not Free and Never Will Be.
And you can always follow me on Twitter: https://twitter.com/#!/ElectroTowel
Last, but not least, here is a video on the news of Facebook shares plummeting like a piece of shit:
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