>>Undecided. put this here in news or under humour.
>>
>>Facebook shares now trading at 19.85, about 50% of the offer price.
>>All that investor money just disappears like a popping soap bubble.
>
>Closer to home, Groupon shares have also dived after the initial excitement. The brilliant idea (discounted restaurant meals of the day) has faded through replication and they need adult management. I hope they can rebound. They have been at the head of a new tech surge in River North, a formerly blighted area close to downtown Chicago.
I'm not happy with Groupon-type companies:
- Do they add value? ONLY if considered as a pure advertising play, debatable even then
- Are they sustainable? No, the underlying businesses can't keep operating at Groupon price levels.
Looks frothy to me.
Regards. Al
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