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betting against Facebook 4949 Responses
Last post: 1 year ago | Thread started: Apr 10, 12, 6:02 p.m.
- letterhead
Here is everyone's golden opportunity to make a better site than Facebook. Right now. Go. If you don't make it, someone else will.
- Dog-earApr 11, 12, 8:16 a.m. – Permalink
- identity
there's the possibility for a cultural revolt of facebook (and other such sharing programs) but I doubt it. Everyone who is saying Facebook is a "fad" isn't recognizing that Facebook has increasingly made things like "sharing", "liking", "posting", etc. a cultural norm.
Just as we didn't revert back to the horse and carriage when the car industry collapsed - we too won't (see: can't) go back to a life pre-social network. Facebook (myspace, friendster, etc.) solved a problem that we didn't know we had; the instantaneous ability to share our lives with those we care about. Facebook owns this market because of their user-base and marketshare (not to mention an endless list of patents).
We could have what amounts to the arts & crafts movement - where we grow tired of the factory-produced, badly-crafted products that factories are spitting out in leu of a finely, artisan crafted object. The obvious substitutions for Arts & Crafts being a service like Path and the factory being Facebook - but I doubt it. If facebook can manage to stay in the background (ads, bullshit, etc.) and allow the service to remain in the forefront (photos, messaging, etc.) it will be fine.
- Dog-earApr 11, 12, 8:28 a.m. – Permalink
- i_monk
I'd like to see FB replaced by something decentralized and platform-neutral. But that means everyone hosting their own page, or just displacing it all to "the cloud" which then has to be hosted and probably couldn't be non-proprietary/neutral/open/gra...
- Dog-earApr 11, 12, 8:33 a.m. – Permalink
- futuremongolian
- Dog-earApr 11, 12, 10:32 a.m. – Permalink
- randommail
2002,
is it reasonable to think that I can I play via ameritrade for something like $5k?- Dog-earApr 11, 12, 11:03 a.m. – Permalink
- 2002
randomail
Yes thats a good sum to start. Depends on what you want to do with that.
- Short term trade: buying high volatility stocks and selling them with in a week (inverse ETFs / short selling).
- Long term trade: slowly buying mixture of stocks that you like. You can start with 5-10 shares on stuff you like and slowly build it up by buying more of same shares. You want to hold on to this for at least a year.Don't think of dollar value you earn. Its not about dollar but percentage you get from it. You can buy say 5-10 different stocks at 5-10 share per company. Keep it and see if your mixture strategy is working. Don't look at what you have made in $$$. That won't matter. Looking at % will show that you are doing something right and show how to adjust your strategy (buying more of the same or sell / buying another).
- Dog-earApr 11, 12, 12:22 p.m. – Permalink
