Over a 6 month time frame, the best performing social media stock is…
AOL (this is not a joke)
Here are the best performing social media stocks over the past 6 months.
Personally, I find it to be humorous that none of the lauded and praised ’social media’ experiments are atop that list. It goes without saying, Wall Street values predictability more than anything else. When you have guys like Gary Vaynerchuk (I love his wine shows) doing angel investing in “the new phase of the dot com revolution’, it’s time to discard of the idea that there is any value to be extracted from the sector. I do not mean it as a slight. As a matter of fact, I could rattle off a dozen people and websites that you might know and use, who are being funded by ‘bubble money’, slowing marching towards death.
When I built iBankCoin in 2007, the primary goal was to be profitable. While many others levered up and went the VC route, I opted to distribute equity amongst ‘tabbed bloggers’ and world famous programmer: VINCENZO ILLUMINATI. At first, we were making like 100 bucks per month. Now we’re making Maybach money, while you dicksuckers are being bullied to death by homosexual ‘angel investors’ from San Fransicko.
My point is this: ZNGA, GRPN and FB were predicted by most to be large mountains of shit and it turned out to be true. It’s not often when the herd is right on a major call like that, throwing eggs in the faces of Wall Street’s investment banking VC communities in the process. The truth is, the bubble was purported on purpose, and insidiously, by vulture capitalists who sold to you. Firms like Morgan Stanley knew the valuations were high; but it wasn’t their money at risk, so they turned a blind eye. The once treasured ‘retail investor’ will never comeback because he’s already been fucked and dumped in a dumpster behind the Morgan Stanley building.
Dot bomb 2.0