Saturday, January 28, 2012

Facebook IPO

No one can predict the future exactly, but when one gets close, it sure feels good!  Maybe my best call during the last few years was that I thought Facebook would be bought by a bigger firm.  I thought it would be by another tech company, but it was bought.  Here is the post:

Facebook to be Bought by a Tech Giant:

So it was bought, and the day after I wrote the article, but by banks who wanted it for an IPO.  Now that IPO is about to happen.  What does that mean?

Well, it will be large, maybe $100 billion.  There has been rumors that Facebook users will get shares.  I don't know about that.  But there will be a lot of money put into it.

This is also the last move by the chess players at the banks.  This is really all they have left; all other IPOs have gone before Facebook, and so now all that is left is money printing.  This could lead to the last stage of hyperinflation, as money is being created, and made, based on things that do not promote real growth.

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