18 May 2012

Mark Zuckenberg falls for the same old trick...

Facebook has no real value. There is a world crisis in stock markets because of real problems in the real economy - ie people getting out of their bedrooms, having a shower and going out to paid work.  And the problem is there's not enough of them at the moment.

The idea that the virtual economy can suck out of the real economy a billion dollars is ludicrous.  Anyone foolish enough to pay $38 per facebook share will struggle to see a return.  In the UK they should take their $38 or £25 and spend it in their local pub, cafe, shop or voluntary organisation - that way we might get some real local 'social networks'.

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