So what is all the Hype about Facebook ?
It seems to me like a case of Irrational Exuberance !!
Do not get me wrong, Social Media is the future, but really Facebook, what is the point of Pump and Dump ? It would be better to come out with realistic valuations rather than hype this and when the price drops, as it will, frighten investors out of the sector.
It is ironic that all the early investors seem to be planning to exit, when Facebook lists. I can't fathom it, if the large investors are selling out, why smaller investors would want to buy in ?. It must be a case of Irrational Exuberance as any rational person would think twice.
The Dot-Com Bubble suffered, as people took fright and did not want to touch the industry for several years. Please do not let this happen to Social Media. In the coming years let everyone create a great new industry and allow all to benefit.
Wall Street should know better, surely it would be better to nurture and developing a new vibrant industry, rather than play these Pump and Dump games !
Could someone please ask Wall Street to cut the Testoserone and act like a mother nurturing her child !
A concerned Social Media Industry Participant