'Facebook is a corporate dictatorship'

[and/or www.mantra.com/jai]

'Facebook is a corporate dictatorship'

Monday, May 28, 2012

When the whole world was going gaga about Facebook's
initial public offering (IPO), there was one man who did
not fall for all the hype, looked at the numbers of the
company, asked some basic questions and concluded "they
don't know how they are going to make money." Looks like,
he was proved right in the end. The stock was sold at a
price of $38 per share, and has fallen since then to
close at $31.91 on Nasdaq on Friday. Aswath Damodaran,
professor of finance at New York University's Stern
School of Business, was the man who got it right. "In
hindsight, everybody will tell you that they were bearish
on Facebook. Nobody will admit to buying the shares,"
points out Damodaran. He teaches corporate finance and
equity valuation and is referred to as the "god of
valuation" in some circles. In this interview with Vivek
Kaul, the professor exposes the underbelly of the new-age
US stock markets and the implications for retail
investors.

Let us start with Facebook. You have been critical about
their IPO pricing.

The trouble with Facebook is figuring out first what
business they are going to be in, because they haven't
figured it out themselves. How are they going to convert
a billion users into revenues and income?

Continues here:

http://www.dnaindia.com/money/interview_facebook-is-a-corporate-dictatorship_1694603

Jai Maharaj, Jyotishi
Om Shanti

o o o

About the terrorist Goon Squad:

"Myself, Mallu. Yourself?" (V. Bhattathiri)
<KalluM...@gmail.com> tries his best to be a bully --
telling others what and when to post, where to post and
where not to post, deliberately publishing lies about
others, stalking and abusing them with hate speech -- but
fails miserably. He is really stressed out, and like his
lap dog Prem Thomas (who currently posts as "P. Rajah"
<us...@this.com>, and issues *death threats* to people),
is priming himself for conditions such as stroke and
heart disease. Others in the Goon Squad include
Dayashankar M. Joshi "DMJoshi" <jos...@gmail.com> who
displays unquestioning obedience to Goon Squad thugs, and
the instigator who posts as "Bholu" <bh...@hotmail.com>

The Goon Squad currently posts most of their abuse
through eternal-september.org and by writing someone
else's name or handle in the "From:" header -- their
favorite now is "fana...@gmail.com" (note the extra "b"
and "gmail.com") to make it appear as if the posts are
from "fan...@aol.com", who has been a regular poster for
many years.
-Updated on February 2, 2012-