Back in the Tall Grass, Waiting For a Zebra to Walk By
I love YELP. Anyone reading this site for more than a month knows I’ve been a huge supporter of the company, having been a shareholder–enduring the whipsaw roller coaster of the fucktard. However, after seeing the Thiel situation and the unbelievable catastrophes in ZNGA, GRPN and ANGI, I am done with the sector. If we’ve learned anything in recent weeks, insiders of these social media plays, the Vulture Capitalists, will not hold stock. They are sellers at any price.
Well, YELP’s lock-up period expires on 8/28. Both Seminole Capital Management and Cupps owns a combined 20%+ of YELP. I doubt those dicksuckers will resist the temptation of hitting the bid, whenever given the opportunity. After all, it is “their job” to do so.
The entire social media sector is a mess and I wouldn’t consider touching any of them until valuations compressed to 5 times sales. That’s another 50% drop for Facebook, just in case you home gamers aren’t paying attention.
Moving on, I think stocks will trade lower today. Europe is weak and we’re due for a little consolidation. I am not a buyer heading into September, even though the problems of the world appear to be “solved.” Nevertheless, this still is a long only tape, as I feel betting against the central banks is a suckers bet.
22 Responses to Back in the Tall Grass, Waiting For a Zebra to Walk By
It’s all the fault of GS and their “Private Market”…Don’t let them get off “Scott Free” !
Reply
I told you so on ANGI…and it’s not done going down by a longshot.
Can you imagine that goofball CEO was bragging about being unprofitable for 17 years? Just silly…
Reply
He should be executed
Reply
i like the style of justice perpetrated here in the halls of iBC.
Reply
I’m starting a new web site called %$#@book, so all those %$#@ers out there can post videos of themselves %$#@ing. You can be anyone’s “friend” for $1.99 a month. They don’t even have to “like” you, just pay your $1.99 and you’re in. Subscriptions alone will add up to megabucks, not to mention the ad sales for enlargements, PPV, toys, whatnot.
At the same time, we will be rolling out %$#pal. It’s a combination secure credit card site that changes the names of your purchases, and it’s a “pal” service, like the Emperor’s Club, so there’s two more steady sources of income.
Meanwhile we will be data mining all this activity for the porn industry, yet another revenue stream.
The IPO for %B will be bigger than FB. Suck on that, %$#@erberg.
Reply
EPV num num num…
Reply
Your conversation with Jake last night was great. A more thorough, pyrotechnic and entertaining look at the subject than the Forbes piece. I think you’re dead on with these social media stocks. They’re going to be unownable without a clear revenue stream, and everything I read says that advertising alone won’t be it.
Was Howard Lindzon on Twitter’s board when he sold his stock recently? Just curious. When he sold he said that he’s always early to the exit.
Reply
Howard was never on Twitter board.
There is nothing wrong with selling. I don’t think a major investor, who happens to be on the board, should remain on the board after selling 90% of his position.
Reply
Agreed. As Jackson points out in Forbes, he should have stepped down before selling this large stake. And zuckerberg should have leaned on him not to sell at this time.
Reply
Thiel sold FB so he could buy gold. He’s no dummy, why all the hate?
Reply
While we wait for entry points:
Read this article on password security. I never realized my money was so vulnerable.
Here is the article :
Passwords: 8 Characters or Less – 12 Hours to Crack – by Dan Goodin,
http://arstechnica.com/security/2012/08/passwords-under-assault/
thanks! great read. so as the masses move to make there iphone into a credit card, who will benefit? norton? mcafee? are we poised for a syber attack? people send to much shit over the air(imo). we are in a tech revolution, brick n mortar stores are under attack, paypal is a clear winner here. so got any other ideas?
Reply
PPT has been giving Credit cards great scores $V, $MA, $DFS – announced some paypal venture today
$EBAY seems like a must buy on the paypal factor – Gawd has EBAY been a winner this year – I missed it because my mind still sees it as a dog , need to rethink, clear old feelings
who cares if password hackers have bots that try 8.2 billion per second, any decent site has a security shut down and if you try a password and fail more than 20 times it locks anyone out for x hours. and notify you.
Reply
It’s not about brute force attack into your account:
But busting into the server where all the cryptographic passwords are stored, then the weak ones like “TebowSucks2012″ are the easiest to crack.
i was watching a channel on tv yesterday while i ate my dinner (chicken and vegetables, fyi).. i forget the channel exactly, one of the 800+ that come with digital cable. the topic of this particular show was Lions. So i’m watching these two lionesses (sp?) hunt warthogs and fail because they aren’t fast enough. i was rooting for the lions though. then they switch over to a pack of hyenas hunting a buffalo, or i guess you could call it hunting. this fucking buffalo got itself stuck in a pile of mud and it couldn’t move. so what did the hyenas start doing? fucking eat this buffalo alive. ALIVE. it made me very sad
Reply
SIgh. Yelp…
Reply
So on Monday afternoon after mentioning said stock, The Fly tells me to shut up and my kind is not welcome here. We were warned.
I admit I stewed all night. Tuesday morning I shut up and take my pain, selling all at a little pop.
That was two bucks ago. Thanks for the wake-up Fly.
Reply
Prob wouldn’t feel so bad if I hadn’t had the opportunity to sell at $27+. Ugh.
Reply
Does anyone know who purchased Thiel’s 5MM shares?
Reply
Seriously, if someone said to me “Do you want to keep the $200 million you have in your hand or do you want what’s behind box number one?”
This is todays Gen X world, no one gives a crap about the other guy.
It’s down 4 tenths of a point and you are claiming victory?
You sir, are a zebra.
Reply