Our friends on Wall Street are at it again. It must have been like watching a drunk at the casino who thinks things are going to turn around with one more hand. All those rubes lining up with their pocket change to buy a piece of the Facebook. Whatever it was, people were excited enough to buy wildly overvalued shares of a company that was putting out some pretty weird signals. The $1 billion Instagram purchase seemed strange at first but when GM pulled its ads from Facebook only days before... [Read more]

With Facebook’s IPO range increasing to $768 trillion dollars, people are inexplicably scurrying to plunk down between $34 and $38 for a piece of the social media juggernaut. In the latest can’t miss dot com gold rush, Facebook and CEO Mark Zuckerberg are counting on several air-tight facts of history to ensure that the IPO goes off without a hitch. First, dot coms have always held equity over the long term and the stock market has always smiled kindly upon internet companies that don’t produc... [Read more]