What's it all about, Alfie?

I'm not an analyst, but I know what I believe in, and what makes me nervous. Facebook has always been in the latter category, and it's all because of how it's making it money, and what face it presents to it's users. I guess it's also that I'm willing to bet that less than a few percent of the Facebook users really understand how they make money, and what they are doing with the user's personal information.

So today was interesting… Facebook announced earnings, and the result wasn't good:

and it's still falling… down %10 in after-hours trading. But that's not the worst.

No, it seems that Zynga has had it's own round of problems - this in the form of near scandal by the underwriters and massive dumping by the principals in Zynga:

It's amazing that people don't think everyone on Wall Street are crooks. Look at what they are doing to literally millions of investor dollars! It's evaporated. Done. Poof. It's almost a crime.

But I know it's not. Not really. And that's why I can't stand folks like these.

This entry was posted on Thursday, July 26th, 2012 at 4:02 pm and is filed under Everything Else, Vendors. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.