BS: Facebook Billionaire

Subject: BS: Facebook Billionaire
From: Q (Frank Staplin)
Date: 04 Jan 11 - 04:43 PM

Mark Zuckerman is the fastest rising billionaire on Forbes list.
On its last list, the young entrepreneur was placed at $6.9 billion, but the amount is rising fast. One British paper places the figure at 9 billion pounds.
Investments in his company by Goldman Sachs and a Russian company have provided capital for expansion. Total company valuation is placed at $50 billion.
Goldman Sachs has placed itself in position to lead the offering of an IPO in the future.

Horatio Alger never visualized a rise of this magnitude in so short a space of time.

Subject: RE: BS: Facebook Billionaire
From: olddude
Date: 04 Jan 11 - 07:08 PM

incredible and for what, a website that has a simple database and pictures and video ... my gosh who would have thought huh ...

Subject: RE: BS: Facebook Billionaire
From: Bill D
Date: 04 Jan 11 - 07:13 PM

"No one ever lost money betting on the desire for folks to achieve recognition"

I just made that up....pretty close though, hmmm?

Subject: RE: BS: Facebook Billionaire
From: mousethief
Date: 04 Jan 11 - 07:32 PM

olddude, that's like saying movies are just images and sounds. Facebook provides a scratch to an itch people didn't realize they had. It's a genius bit of work.

Subject: RE: BS: Facebook Billionaire
From: olddude
Date: 04 Jan 11 - 09:37 PM

No No, I agree with you mouse, that is what the genius is all about .. who would have thought such a simple thing with such payoff

Subject: RE: BS: Facebook Billionaire
From: Amos
Date: 04 Jan 11 - 11:47 PM

Great answers are often simple, IF you can hear the question. A lot of folks seem to have been asking "Where are all my FRIENDS???" :D


A

Subject: RE: BS: Facebook Billionaire
From: GUEST,Guest from Sanity
Date: 05 Jan 11 - 01:40 AM

Q: "Mark Zuckerman is the fastest rising billionaire on Forbes list."

Does that mean liberals are going to try to lynch him???

GfS

Subject: RE: BS: Facebook Billionaire
From: Ebbie
Date: 05 Jan 11 - 03:18 AM

Ye gods. Lynching has never been liberals' stock in trade.

Subject: RE: BS: Facebook Billionaire
From: Andy Jackson
Date: 05 Jan 11 - 05:57 AM

I use face book all the time. It is great for keeping up to date with friends and family, viewing and posting pictures etc.

BUT, Mudcat has a different purpose, here I keep up with a wider circle of friends, and meet new ones all the time. It is a brilliant chance to guague others opinions without necessarily getting involved. And for information it is, of course, unbeatable. The two co-exist with me, but if ever a choice had to be made, it would be goodbye Facebook.

Subject: RE: BS: Facebook Billionaire
From: JohnInKansas
Date: 06 Jan 11 - 05:36 AM

It might be worth noting that Zuckerman hasn't "lost it all" as yet.

He recently joined the "group of wealthy pledges" who have promised to give away half their wealth to worthy causes.

Bill Gates started off with giving half of his, and has added to his contributions since. Buffet has a wide range of beneficiaries and has shown the paperwork on enough pending dispositions to account for more than half of his. The two of them kicked off the campaign and have recruited quite a number of participants.

Gates has already pretty much cornered the market on killing mosquitos, but certainly Zuck's contributions can find another pest to get rid of, or another disease to cure.

If only there could be a cure for ignorance and superstition ...

John

Subject: RE: BS: Facebook Billionaire
From: Greg F.
Date: 06 Jan 11 - 09:19 AM

Facebook provides a scratch to an itch people didn't realize they had

Precisely! Another cyber-solution in search of a problem. Faux-"friends" and rampant egocentric exhibitionism.

As Sam Clemens would say, "The God-Damned Human Race" at its finest.

Subject: RE: BS: Facebook Billionaire
From: GUEST,leeneia
Date: 06 Jan 11 - 12:31 PM

from the first post: "On its last list, the young entrepreneur was placed at $6.9 billion, but the amount is rising fast."

As we've seen before (most recently in September, 2008, when the Lehman Brothers investment firm turned to ashes) dollar amounts like this don't mean much. If this money is invested in securities whose worth is inflated, it can plummet very fast.

Another example of this was the 'dot.com' bubble, where so-called fortunes vanished almost overnight.

I signed up on Facebook for about 15 minutes one time because I wanted to send a message to an author. I cancelled my account right after posting one message. Right after that, spam offering me fake Rollex watches and a larger penis started coming to my e-mail account. Facebook's security is obviously very poor.

For a billionaire, Mark Zuckerman doesn't seem to be very competent.

Subject: RE: BS: Facebook Billionaire
From: Greg F.
Date: 06 Jan 11 - 03:16 PM

He's plenty competent at making money for himself. He just doesn't give a crap about anything else, especially his subscribers.

Subject: RE: BS: Facebook Billionaire
From: Q (Frank Staplin)
Date: 06 Jan 11 - 03:46 PM

For those who hung on, the stocks are back and many exceeding levels before the downturn. A lot of smart investors put money into the market when it neared bottom, and have happily ridden the rise.

(Doesn't bother me, I haven't played with stocks for years. But a son was worried when his portfolio went down by half, but now he's happy again. It evens out).

The advertising that is invading everything is a bother, to say the least. Even in Mudcat, the advs. with some threads are a nuisance. I have stayed away from Facebook, Leeneia, several friends have been inundated.

Subject: RE: BS: Facebook Billionaire
From: GUEST,leeneia
Date: 07 Jan 11 - 10:36 AM

Right, Q. I'm staying away from social sites in general. Except for the Mudcat.