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Nigerian scam is getting more clever.... and bigger
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Meat187
http://blogs.wsj.com/deals/2011/01/...il-opportunity/

Cor version: Goldman Sachs offering to invest in facebook reads just like a Nigerian scam. And probably works like it as well.
The17sss
:stongue:


Classic. Goldman is basically going to buy a chunk of Facebook shares, chop them up and sell them to clients at a slightly increased rate for profit while the bubble is up. I read that like 6 weeks ago Facebook was valued at $24 billion and now it's around $50 billion... how the did that happen and why? It produces no tangible product; this looks eerily similar to the dot.com bubble or Enron type stuff with the ridiculous over inflation of value, except Enron was manipulating the numbers from the inside.
bas
Did you watch The Social Network? They talk about it all there. It's $50 billion in coooool money :toocool:

You're too much of a GAT DAMN CRACKA to get it.
Zyklon_Jay
i always knew that facebook was one big ponzi scheme.
djnitride
The real question: Is the combined profiles of 500 million people worth 50 billion just in information / marketing value?
Nrg2Nfinit
i don't think anyone should talk until they see the financials/ prospectus.
MrJiveBoJingles
I wonder when Facebook is going to start making people pay for service.
Lira
quote:
Originally posted by MrJiveBoJingles
I wonder when Facebook is going to start making people pay for service.

Unlikely, unless it's some sort of super duper premium service. That'd kill the site.
MrJiveBoJingles
quote:
Originally posted by Lira
Unlikely, unless it's some sort of super duper premium service. That'd kill the site.

Really? Where would people go as an alternative?

No one else has the massive market share and "app" infrastructure that Facebook now has.
Lira
quote:
Originally posted by MrJiveBoJingles
Really? Where would people go as an alternative?

No one else has the massive market share and "app" infrastructure that Facebook now has.

Orkut is a worthy competitor, infrastructure wise, and has begun a process of Facebookisation recently... the only problem is that it's anything but popular outside emergent countries.

MrJiveBoJingles
quote:
Originally posted by Lira
Orkut is a worthy competitor, infrastructure wise, and has begun a process of Facebookisation recently... the only problem is that it's anything but popular outside emergent countries.

Exactly.

MySpace is trashy and lacks the apps. Orkut is "What? Who?" to most of the people in countries where Facebook is popular.

There is no alternative now. I think most people would tolerate a pay scheme, assuming the cost was fairly low.
bas
quote:
Originally posted by MrJiveBoJingles
Exactly.

MySpace is trashy and lacks the apps. Orkut is "What? Who?" to most of the people in countries where Facebook is popular.

There is no alternative now. I think most people would tolerate a pay scheme, assuming the cost was fairly low.

Doubt it very much. If they charged you can bet their user base would drop considerably.
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