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Warning...Face"book"plant is Dangerous to your WalletThe greatest hype job in Wall Street history should have come fully equipped with a warning label. What was hoped for being the hottest IPO ever, has turned into one of the greatest flop or frauds of all-time. Blame can be passed around, from technical troubles on launch day to increasing the size and price of the offering but the main flaw in Facebook is, this company will have a most difficult time delivering consistent profits for its shareholders. It's a fad, nothing more and it's free. And on Wall Street, nothings free. So next time when Wall Street through the likes of Morgan Stanley or Goldman Sachs, comes touting its next best greatest most sure thing, you now have a reference point as to what can and will go wrong..."Faceplant" |
Wednesday, May 30, 2012
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