I will not be buying the IPO. I don't see the durable competitive advantage of this company's business model. And quite frankly, I grew tired of using Facebook after about a month. So if a product doesn't appeal to me, I won't be buying into the company. Those who buy the IPO may indeed make money, but I'm looking for companies to buy and hold for 20 to 30 years and I do not see this company surviving anywhere near that long.
This whole facebook thing gets a little silly after a while. Its one thing after another. All of those investors that thought facebook would be the next google have been greatly disappointed to say the least.ReplyDelete
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