FACEBOOK'S POWER AND PERCEIVED VALUE DEPEND ON THE FACT THAT IT HAS SO MANY "USERS" - ONLY MANY PEOPLE DON'T REALLY USE IT AND EVIDENTLY MORE AND MORE ARE QUITTING.
THIS IS A REAL BUBBLE IN MY OPINION, JUST LIKE THE NASDAQ BUBBLE AND THE NEW ECONOMY BUBBLE - BOTH IF WHICH BURSTED ON CLINTON'S WATCH.
I THINK GOLDMAN SACHS IS BEHIND FACEBOOK, TOO - WHICH ONLY MAKES ME MORE SKEPTICAL ABOUT IT.
(BACKGROUND HERE.)
STAY TUNED - IT COULD BE A ROCKY RIDE: OBAMA'S BUBBLE IS BURSTING, SO IS CHINA'S. AND MAYBE FACEBOOK'S TOO.
OY.
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