Author Facebook Sucks (Read 27798 times)

slipstream · « **Reply #90 on:** August 07, 2012, 02:03:27 PM »

Quote from: 3OctaveFart on August 07, 2012, 01:26:37 PM

http://www.dailymail.co.uk/news/article-2184658/Is-joining-Facebook-sign-youre-psychopath-Some-employers-psychologists-say-suspicious.html

This article is a good example of how the establishment uses ad populum arguments to make people seem crazy. I didn't read any science in this article. So now that "they" have invented Facebook "they" can use it as a tool to spot the mentally ill. If anything Facebook promotes narcissism or self-centeredness. From what I have witnessed, not everyone that uses Facebook for ill, but a lot of people get really caught up in showing others how wonderful they are.

onan · « **Reply #91 on:** August 07, 2012, 02:24:56 PM »

Quote from: slipstream on August 07, 2012, 02:03:27 PM

This article is a good example of how the establishment uses ad populum arguments to make people seem crazy. I didn't read any science in this article. So now that "they" have invented Facebook "they" can use it as a tool to spot the mentally ill. If anything Facebook promotes narcissism or self-centeredness. From what I have witnessed, not everyone that uses Facebook for ill, but a lot of people get really caught up in showing others how wonderful they are.

I believe it is Western University that has done studies on narcissism connected with facebook.

I hate to break it to people but teenagers into mid twenties are narcissistic... period. It is part of the context they grow up in. All infants learn that crying brings gratification. Their beck is a call for their needs to be met. Their view point is very centric because that is their only experience. It is primarily through the gradual experience of disappointment and frustration that people learn the world is not about them.

To suggest that narcissism is the primary foundation for antisocial behavior is about as reductive as one can get.

There is no cookie cutter mold for any specific behavior set. Are their indicators? sure. But facebook isn't forging monsters in any assembly line process.

As to pointing to who is or isn't mentally ill... it isn't that hard to find them. For those that are significantly mentally ill and in need of treatment, usually they are easy to spot.

For those that would be served by seeing a therapist, all one need do is look in a mirror.

For spotting criminals, pretty much takes seeing a crime committed.

Your point, "they" have a tool is very interesting and we should all be mindful of any derp that suggests the value of such a tool.

slipstream · « **Reply #92 on:** August 07, 2012, 04:47:37 PM »

I found a couple of stories based on actual research:

http://www.cnn.com/2012/03/21/tech/social-media/facebook-narcissistic-behaviors/index.html
http://mashable.com/2010/08/28/facebook-narcissism/

Quote

"People who have a heightened need to feel good about themselves will often turn to Facebook as a way to do so," study author Chris Carpenter from Western Illinois University told Mashable.

"Facebook gives those with narcissistic tendencies the opportunity to exploit the site to get the feedback they need and become the center of attention."

b_dubb · « **Reply #93 on:** August 07, 2012, 10:12:20 PM »

Quote from: slipstream on August 07, 2012, 04:47:37 PM

I found a couple of stories based on actual research:

http://www.cnn.com/2012/03/21/tech/social-media/facebook-narcissistic-behaviors/index.html
http://mashable.com/2010/08/28/facebook-narcissism/

Re: Facebook needs narcissism ... I have a few "friends" who like to take pictures of themselves and then post them on Facebook. wtf?

3OctaveFart · « **Reply #94 on:** August 08, 2012, 12:57:45 AM »

I didn't post that Daily Mail story with any positive value judgment on the science or the journalism.

I think it's funny stories are coming out about any legitimately social value of the site with the stock cratering the way it is.

Camazotz Automat · « **Reply #95 on:** August 14, 2012, 02:44:24 PM »

"The next test for the stock could come soon. Over 1.6 billion shares will be eligible to come on the market in several waves, starting Thursday, when a number of shareholders are allowed to sell. Investors may fear that an influx of shares could cause prices to fall even more."

http://www.toledoblade.com/Stock-Market/2012/08/13/Facebook-stock-continues-to-slide.html

"One former Facebook employee, who did not want to be named because he did not want to damage his relationship with onetime co-workers, said he expected other employees to cash in their stock options as soon as they could, and predicted that the stock's woes could make it difficult to retain and hire talent. The former employee pointed out that many of the company's early big backers — including Peter Thiel, an original angel investor, and Accel Partners, one of its first venture capital funders — sold a hefty portion of their shares at the peak price."

and this 'upbeat' ending to the article:

"It's not a good feeling," Kevin Landis said, but he added that he remained confident that with so many users and so much data on them, Facebook is destined to be the most lucrative advertising platform in the world.

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Morgus · « **Reply #96 on:** August 17, 2012, 03:53:37 PM »

Facebook hit a new all time LOW today at $19/share
Yesterday reportedly was the first time a big block of initial investors were allowed to sell their stock, so they must have all sold a lot the last couple days...

Camazotz Automat · « **Reply #97 on:** August 17, 2012, 06:46:40 PM »

Quote from: Morgus on August 17, 2012, 03:53:37 PM

Facebook hit a new all time LOW today at $19/share
Yesterday reportedly was the first time a big block of initial investors were allowed to sell their stock, so they must have all sold a lot the last couple days...

See my post of August 14th.

I don't know if Facebook stock will become a worthless delisted piece of excrement like Blockbuster (whose bankrupt ass would not exist if it were not for Dish bailing them out via purchase) but it's clearly on its way down to a point of unlikely return for the foreseeable future. They are going to have to insert a game changer.

When experts claimed the stock would find its natural center in the mid $20 range, I called this wishful thinking.

They keep saying no one saw this coming. I disagree completely. Simply untrue.

But it does seem the majority of "experts" didn't anticipate what is occurring.

Fuck Asocial networks. You're better off hanging out in a biker bar.

ChewMouse · « **Reply #98 on:** August 17, 2012, 07:11:56 PM »

Quote from: Morgus on August 17, 2012, 03:53:37 PM

Facebook hit a new all time LOW today at $19/share
Yesterday reportedly was the first time a big block of initial investors were allowed to sell their stock, so they must have all sold a lot the last couple days...

Morgus, you didn't....invest in this ~~crap~~ stuff, did you?

Of course not, you're much too bright for that. Surely.

Liberace! · « **Reply #99 on:** August 17, 2012, 09:29:55 PM »

Quote from: Camazotz Automat on August 17, 2012, 06:46:40 PM

Fuck Asocial networks. You're better off hanging out in a biker bar.

or here.

b_dubb · « **Reply #100 on:** August 17, 2012, 10:29:39 PM »

Quote from: MV on August 17, 2012, 09:29:55 PM

or here.

yeah but biker bars have liquor licenses, ice cold beers, and "unprincipled" women in daisy dukes

i didn't say they were necessarily attractive. but they're trying. they're trying guys

Camazotz Automat · « **Reply #101 on:** August 21, 2012, 09:55:46 AM »

On my August 17 post, I mentioned the need for a game changer.

Lo and behold, on August 20th, The Motley Fool claims there is one, and cites it as one of three reasons to buy facebook stock right now.

I don't think "Sponsored Stories" is a game changer. It sounds more like search manipulation to me and people may go sour on it once they catch on that they are being treated like cattle who will believe the first ten items of their news feed. Rick Aristotle's claim it has a "viral component in it" just makes him look desperate.

But what do I know? I'm a fucking cynic.

I tell you what I do know: With Peter Thiel jumping ship, I would take his actions as better advice than this ~Motely Fool~ character, who claims facebook stock will play out similarly to Google's.

He sounds like a paid shill who is more interested in your subscribing to his news bulletins ($200 per year) than anything else. In FACT, he sounds like a SPONSORED STORY.

http://www.dailyfinance.com/2012/08/20/3-reasons-to-buy-facebook-now/

He's not even mentioning the possibility that facebook could easily become the next myspace.

That's what I really want. Facebook itself to go under.

Bad stock performance will not kill facebook, whereas, if facebook dies, the stock performance will inexorably follow.

It's so strange. The only thing required to kill facebook is to stop using their suck ass platform of networking with people, the vast majority of whom you shouldn't be networking with in the first place.

McPhallus · « **Reply #102 on:** August 22, 2012, 01:37:05 PM »

I used to like fool.com a lot. They seemed to be genuinely out for the little guy and anti-establishment. But in recent years, they seem to be more about selling newsletters and self-promotion more than anything else.

b_dubb · « **Reply #103 on:** August 22, 2012, 03:36:46 PM »

i follow some of the recommendations that fool.com makes regarding stock picks. i'm suspicious they've become an extension of wall street and offer advice to influence the market so some ivy league douchebags can make $$$$ on gaming the market. i don't have any real evidence. except none of the recommendations fool.com has made has really performed at all

Camazotz Automat · « **Reply #104 on:** August 23, 2012, 11:48:08 AM »

I agree with the two previous posts. Fool.com started off as one thing, but seems to have changed into something else.

Harmness · « **Reply #105 on:** August 23, 2012, 04:04:43 PM »

Quote from: Camazotz Automat on August 23, 2012, 11:48:08 AM

I agree with the two previous posts. Fool.com started off as one thing, but seems to have changed into something else.

They do that when you marry 'em.

Liberace! · « **Reply #106 on:** August 24, 2012, 03:28:47 PM »

$19.41 at the close today.

Camazotz Automat · « **Reply #107 on:** August 24, 2012, 03:55:02 PM »

I am probably one of the last souls to hear this comparison, but I'm going to post it anyway.

I was watching a round table discussion on stocks, finance, the economy, etc.

There was a moment when one of the participants said something that was clearly off script and made the others snort/laugh and it was this:

"When Peter Thiel dumped all that facebook stock, it was like being a passenger on an airplane and during the flight you see the pilot leave the cockpit and walk by your seat, wearing a parachute."

It struck me as incredibly funny.

(In light of this, I suppose one could claim my post above with Swayze free falling in Point Break was somewhat prescient. Well, maybe on the same block as Sylvia Browne prescient.)

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Liberace! · « **Reply #108 on:** August 31, 2012, 02:06:52 PM »

$18.12!!!!!!!!!!!!!!!!!!!

coaster · « **Reply #109 on:** August 31, 2012, 02:10:32 PM »

Quote from: MV on August 31, 2012, 02:06:52 PM

$18.12!!!!!!!!!!!!!!!!!!!

and falling. This makes me happy.

Camazotz Automat · « **Reply #110 on:** August 31, 2012, 03:00:56 PM »

Mark Zuckerberg for President, 2016!

I haven't been this happy since I saw a dancer break his leg in Celtic Thunder. The time before that was watching a woman eaten alive by an unexpected orm in Celtic Woman. Those people/shows are about as Celtic as a box of Lucky Charms cereal. They'd have more luck putting on druid hoods, walking in a spiral up a hill, and killing an ox.

Where was I?

Facebook. Even if you disagree about facebook sucking, there is no doubt that at this point in time, facebook stock sucks and shows no signs of reversing. Of course, when it gets down to a $1 per share, I will buy a thousand shares as fool.com advised.

Liberace! · « **Reply #111 on:** August 31, 2012, 05:12:35 PM »

$18.06 at the close.

unreal.

Camazotz Automat · « **Reply #112 on:** August 31, 2012, 05:21:18 PM »

Mark Krantz at USA Today, said today:

Facebook Stock Falls On Its Face, But Don't Count It Out

He goes on to invoke GOOGLE STOCK, as did fool.com, but speaks from both sides of his mouth to cover his bases, least you blame him later.

"After the stock's fall, shares are still trading for 66 times earnings reported for the past twelve months, says S&P Capital IQ. That's rich even compared with Internet rival Google, which is trading at 20 times earnings measured the same way."

Sure. For now, it's high, if measured the same way, and if you forget about what you've lost so far if you were a heavy investor. So the stock could fall much much more and still be projected as a "rich" investment compared to Google.

Assuming the fall stops. Assuming it then goes up. Assuming facebook figures out how to generate ad income in the smart phone environment. Assuming facebook itself doesn't go belly up because a fad replaces it.

Simply: THE EXPERTS DO NOT KNOW and appear to be acting like MIB hiding evidence of a landing.

The article also mentions how three more lockups expire THIS YEAR, allowing insiders to sell "if they wish." Share count to be unlocked this year: 1.5 Billion shares.

Then another unlock arrives in 2013.

It's safe to say there is a good chance a lot of dumping will ensue. I can't wait to watch.

http://www.usatoday.com/money/markets/story/2012-08-31/facebook-stock-new-low/57484192/1