My thoughts on the Facebook IPO

If I had $10,000, I would buy Facebook as a short stock; something to hold on to for 5 years tops. Buying one share isn’t going to get you anywhere. One share now is $41. If it goes up 10%, you got $45. If it goes up 100%, you got $82. Whoop di do.

And now that it’s public, Facebook now has to keep making money. Which means finding ways to get more users, getting you to make more friends, getting you to share more; essentially, making something cool, suck. The the newly introduced “trending articles” is just one way. Expect plenty more. In 5 years, I expect Facebook to peak and then become like Gmail, very stable, not so much growth, and one of several choices.

So since I don’t have $10,000, I won’t be buying any Facebook stock. In case your curious, here’s someone else that agrees with me. http://gizmodo.com/5911172/facebook-is-going-to-be-even-more-annoying-now-that-its-public

Happy Facebooking… while it lasts.