PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
ohomen171
 
Comments: 1
Article views: 427
 
 
Latest Badges:


 
View all ohomen171's badges.
 

The Facebook IPO

19 May 2012, 18:27
I had the chance to buy some Facebook shares yesterday on the IPO. I declined to do so.

Conventional wisdom was that the shares were going to quickly shoot up to $70.00 per share. Instead they had to be supported by the banks to prevent the embarrassment of a drop in share price.

For a good part of my life I had a best friend named Ralph. He used to be a big politician in Texas. Sadly he died at age 58 of a heart attack. Ralph had an unusually large male organ. It had the nickname of "Big Bertha." (This was the name of the giant German cannon mounted on a rail car that bombarded Paris in World War I.)

Ralph was always bragging about his exploits in the bedroom. One evening I talked to a lady who had gone to bed with him. She made the following comment: "He had all of the right kind of equipment but did not know how to use it."

The same can be said of Facebook. They have this incredible resource of 900 million users. Their business plan is not good enough (yet) to mine large advertising revenues out of this resource. A lot more work needs to be done!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Gerard Denzil Boyce
Being all we can be this Africa D...

Coming as soon as it does after yet another outbreak of xenophobic violence in SA and amidst reports of the horrors faced by desperate African migrants, few Africans are likely to be in celebratory mood this coming Africa Day. Read more...

5 comments 215 views
“Creating million jobs for SA You...

Unemployment among young South Africans rose significantly over the past six years and a lot of companies are busy retrenching employees. Read more...

5 comments 652 views
Submitted by
Fired up
Leftist-Liberalism often the anti...

It’s difficult to fathom ivory-tower academic Wilmot James’s objections to the Democratic Alliance’s value charter with its emphasis on values in context of the family.  Read more...

2 comments 322 views
Submitted by
DesertGirl
Namibia must prepare for loadshed...

Namibians will have to prepare for the country's first ever possible load shedding, the boss of that national power utility, Paulinus Shilamba has announced.  Read more...

3 comments 869 views
Submitted by
PeterTracey
Captain’s log: Windhoek

Fortuitously I found myself in Windhoek, Namibia for a few days this week. Read more...

6 comments 860 views
Submitted by
Anton Dekker
What a great compasionate nation ...

We are so caring, it brings a tear to my eye! Read more...

17 comments 558 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

 
Interactive Advertising Bureau
 
© 2015 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.