Monday, September 28, 2009

Thus IPOs doth make fools of us all


The astute among you will realize that the (fictional) IPO values the company at $3 billion, almost twice what I just said was waaaaay too much for a company that hasn't made a dime since the day it was created.  But you just KNOW that stock would go through the roof if they ever went public.  You'd think we would have learned from the dot-com bubble that a company that hasn't made money, isn't making money, and probably never will make money is not, in fact, a sound investment.  But... but... it's TWITTER!!!  TWITTER FOR EVERYONE!!!  COME AND GET YOUR TWITTER!!! STEP RIGHT UP, and pay no attention to the man behind the curtain.  You know, the guy back there laughing maniacally about how much he loves being a stockbroker.

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