I completely agree with this. I have been saying it for years and it gets people very angry. This is definitely a view that a minority of people that I talk to believe. Even most working class people think that the super rich drive the economy it just isn't true anymore. I think it may have been when the country was in it's early stages and mining our resources and developing infrastructure was a larger portion of our economy. I believe now that our economy is driven by the masses of consumers. Give the poor a billion dollars and a billion dollars gets put back into the economy that year. Give the rich a billion dollars and and a billion dollars goes into a mutual fund. The later has far less of an economic impact.
This was really funny. I couldn't figure out if it was very very dry humor mixed with people that believed what they were saying or if everyone believed it. LOL
I remember going on the internet my senior year in high school 95. It took forever to load AOL. Then you had to listen to all the screeching to get to my favorite search engine "Web Crawler" LOL. Then it would take 5 minutes to get a picture to load on the screen. I remember people saying someday you will be able to get videos and stuff. LOL. It seemed impossible and there were a lot of people saying it would be impossible because you could never fit that much info over the network. Guess they were wrong.
I don't know if this is old news. But it seems kind of sad how far the mighty have fallen. To let your users sign in with your (old) competitors buttons. Ouch!!!
I just don’t think it is a feasible long term business model. It cost to much to employ tons of sales people to push themselves on small businesses, that don’t realize that taking a loss to drum up new business is not a good idea when all Grouponers want is to move on to the next deal. Therefore, they seldom get repeat deals with vendors (and who would after offering %75 off after discount and commission) and have to constantly look for a new (sucker) small business to work with. Not to mention they employ more writers than the New York Times, to come up with their cute little blurbs. That has to add up quick. They employ over 6000 people and growing quickly.
My question is, is that enough? So if Google’s P/E is a 19.51 Facebook will IPO with a P/E of around 100. Ok that seems like a lot, right? Not really when you consider that linkedin has been trading at a P/E of 1,429.39. Purely on the social media craze. They in essence have been Riding coattails of facebook because they have been the biggest social based company that investors could get their hands on. So my prediction is a 300% increase on facebooks stock price on the first day of trading. Regardless if I think that valuation is justified or not, which I don’t. Amazon's P/E is 130. I know the hype over Facebook will make them more expensive than Amazon.
My question is “is that enough?” So if Google’s P/E is a 19.51 Facebook will IPO with a P/E of around 100. Ok that seems like a lot, right? Not really when you consider that linkedin has been trading at a P/E of 1,429.39. Purely on the social media craze. They in essence have been Riding coattails of facebook because they have been the biggest social based company that investors could get their hands on. So my prediction is a 300% increase on facebooks stock price on the first day of trading. Regardless if I think that valuation is justified or not, which I don’t.
I don't believe we can blame the politicians for campaign finance corruption. It is our own complacency that has allowed this system to take a firm root in our government. How can you blame or get mad at one of our representatives for playing the game we make/allow them to play. I guess what I am saying is if you can't get elected unless you use the corrupt campaign financing system that we allow to be in place how can we be upset when our elected officials are a pawn to the system?
100 million weekly views in its prime and there was really nothing to it. Add interactivity and the social network and some interesting subjects..... Boom there goes the dynamite! LOL
If you can watch 24/7 you really get the life drama. Not the BS for TV stuff. Even if the influence of the viewers would be huge at least it would be honest. "everyone will have their 15 minutes of fame" Andy Warhol
EdTV. But interactive also with multiple Ed’s (channels). Free to watch. With adds on the parameter or occasionally a commercial during slow moments. How would it be interactive? There can be options for what your Ed might due. People could “donate” a micro-purchase towards making that option happen. Options, get a new car, go on a trip, get jewelry. Friends could chat while watching a particular Ed and get momentum going towards certain scenarios via social networking.
Unless they were unknowingly at a participating vendor. How long does it usually take to get this information back. Is it same day or is there a longer delay? Thanks for the information by the way.
So if made a large scale business that included small restaurants I would be relying on their "honor" to send in the sha256 to show a sale? That's not good.
When Google releases the fully automated car how long will it be before there is subscription serves to cars. With 95% of your cars life in sitting in the driveway it is a total waste. Car serves will spring up everywhere using the car 100% of the time bring down costs substantially for users and dropping the demand for cars in the US by 50%. This is just one area automation will change the US and it may only be 5 years away.