Skip to main content

Light at the end of the tunnel

I have mostly commented in earlier blogs about how the silly people of the planet have magnetically attached themselves to the latest fad called Facebook. To the point that the American media had nothing else to yammer pre IPO this morning. Every channel that thought themselves to be a reliable news provider blabbed about the next big thing - the hoodie clad CEO ringing the bell over the heads of clueless citizenry about to take his company public. Then came the moment of truth. The big Initial Stock Offering to the devotees. Many in the stock trading world including big institutions and retail customers lined up to trade. All hoped that the stock will rocket. Far from it. What happened was amazing. Not because the stock did not do anything but percisely because it did not. It basically flattened out at the initial list price. Now one day does not a story make but I am surely hoping that people actually saw what a joke the whole valuation business is and specifically how a college drop out initiated business to score a date with a chick could never be valued over a $100B. That said the underwriters tried to save face and supported the offer price apparently by buying all sales. Market functions only when there is a buyer to every seller. This too amazing to be true story got told. There seems to be sanity in the market somewhere.
Labels:

Comments

  1. RajendraMay 18, 2012 at 5:59 PM

    Interesting. I am fairly sure that most stocks are actually overhyped. This was probably the upper limit of the phenomenon.

    ReplyDelete

Post a Comment

Popular posts from this blog

On the go(zay masta) in Japan again

Cool cat the Japanese are Tokyo at dusk  My second visit to this land of the rising sun after almost a decade. Back then clearly I was wet behind the ears product manager and likely didn’t pay attention to all (efficient) things Japanese. But today I did and of course continue to be impressed. It is as much the obvious stuff like on time travel that is both clean and comfortable and all that which makes it possible. The impressive landmark and landscapes that these humans have put together despite their cramped (or because of it) surroundings and precarious geological conditions could amaze a novice architect among us. But it’s also the little things that someone had to think about which have a phenomenal impact on day to day lives that make the Japanese stand apart. Below are few random examples- 1. Providing a very fine machined wooden toothpick in every packet of wooden chopsticks. The said chapsticks are simply set on the To Go counter of any food vendor/ convenience store wher...
Post a Comment
Read more

Of Jims and Johns

Here is another essay on the subject of first names. As in birth names. Or names provided to an offspring at birth. While the developed world tends to shy away from the exotic like Refrigerator or Coca Cola for their new production there is a plethora of Jims and Johns and Bobs or Robs. Speaking of which I do not think there is a categoric decision point at the time of birth if a child will be hereafter called as Bob. I mean have not yet met a toddler called Bob or Rob for that matter. At some point though the parental instinct to mouth out multiple syllables runs out and they switch from calling the crawler Robert to simply Robbie to Rob. Now speaking of - it is strange that the name sounds like something you would not want Rob to do - i.e. Rob anyone. Then why call someone that? After all Rob Peter to Pay Paul is not exactly a maxim to live a young life? Is it? Perhaps Peter or Paul might want to have a say in it? Then there is this matter of going to the John. Why degrad...
2 comments
Read more

Presumptive Society

Today's world is hyper connected.  I am not so sure what it means but you hear it a lot.  It is probably hyper but not sure how connected it is.  Sugar (fermented or not) is available in many ways than before and so getting hyper is easy.  It is probably more a threat than cocaine since it is sold legally. And what is this connected stuff?  Most people I encounter seem disconnected from reality.  So going back to this assumption that we are connected there are subtle and no so subtle instances of how brands and companies and middle men try to portray someone - A linkedin profile for somebody working for X years at a place advertises to the connected network that so and so is CELEBRATING X years @ Such and Such Inc. Do we know if (s)he is celebrating or cringing?  Perhaps a better way to portray will be - So and So LASTED X years @ such & such inc. Then it exhorts the readership to go ahead and congratulate them for this lasting effe...
2 comments
Read more