May 18, 2012 § Leave a comment
The best thing about Facebook’s IPO is that it’s giving people an excuse to talk about the 17th Century Dutch Tulip Craze. The worst thing about Facebook’s IPO is that it’s giving everyone an excuse to talk about their THEORIES.
From the Atlantic’s Tumblr:
The only intelligent, honest, and true thing to say about this inevitable question is that nobody has any clue. In 1992, a company called America Online had a $70 million valuation after its IPO. A decade later, it was worth $150 billion. A decade after that peak, it is now worth only $1 billion. Online fortunes are built on hyper-active tectonic plates. Mountains of wealth accumulate from flat nothingness, rumble, push up toward the sky, and with alarming frequency, blow themselves up. The Internet is a super-seismic place. […]
My favorite part is the […], which is included in the post. It’s as good a conclusion as any. On that note, how about a Facebook-themed dance party??????