Yeah, kind of reminds me of the dot com bust from about 10 years ago, where we learned the hard lesson that a company isn't worth jack, if it can't come up with a way to make money. Just having a popular site won't get it, especially if the site is free like Facebook. And therein lies the rub- people have just shown no inclination to pay for this kind of stuff. If its free, they love it; if they gotta pay, they bolt to "the next big thing".
Microsoft stock went wild after their IPO, because they not only had a product to sell (the PC operating system), but they had pretty much cornered the market on it, to boot.
Supposedly, brokers gave their biggest clients "inside information" to dissuade them from buying- what was the inside information, "this is the most ridiculous IPO in the history of mankind, and I wouldn't touch it with a ten foot pole?" When does common sense become inside information?
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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