In this market, $goog has become a value stock and I have become a value investor…Zoink!
There are a shitload of three year old and less Facebook resumes and their new business plans floating around. I see ‘em.
You can’t blame people for leaving Facebook. The last three years have been a rocketship. If you have your stock, can sell it on Fourthmarket to my mom and your 26 year old boss looks at you the wrong way or the chicken wings delivered by a Facebook chef to your cubicle are just a touch undersauced…adios.
I am not bothered by Facebook’s valuation. Momentum happens.
I am nervous about the lack of business and sales experience from the new social zillionaires.
All that said…I am still investing, just with a different eye on where the opportunity lies.