Ever since launching the biggest ever IPO, shares have almost halved, currently at $19.48. http://www.nasdaq.com/symbol/fb Do not be surprised or shocked. Many financial experts predicted the slump would happen, although few expected it to happen so quickly.
While Zuckerburg may continue to cash in financially-he's still a billionaire- there can be no denying the current activities of the Facebook are rather suspicious. Information which was promised to be kept private, including private messages has been littered all over peoples profiles. Conveniently too, the company has the capacity to track and monitor other webpages which are visited by its users, even after they have logged off.
Investors in the company are now left with the after effects of a false hope. The lessons from the financial crisis in 2008 seem to distant. Maybe this minor disaster will renew the skepticism at anyone coming forth claiming to be the messiah who can defy the odds of financial investments.
Facebook shares would have done better at a karate school. Splitting thing in half can be achieved in one hit.
Where's the Milk?
One month ago, the supply chain manager from Fonterra came to speak at Massey university. In the lecture, he told everyone that milk prices in New Zealand were high because it is the world price per litre which is being paid.
It seems rather perplexing that the 7th largest milk producer globally, of which Fonterra, the 5th largest dairy company, exports globally is somehow unable to provide lower prices. Russia, the world's largest oil producer charges a $0.95 (USD) per litre, the United States sells new American muscle cars for 20% less than overseas imports; or how about the cheap tourism packages which Thailand and Cambodia offer. http://www.indexmundi.com/agriculture/?commodity=milk&graph=production
Whilst the herded sheep may seem content with Fonterra's current milk price freeze, more pressure must be put on them and supermarkets to help New Zealand people enjoy all the great benefits milk has, without smashing Mr. Piggy to pay for it.
Why do the Maori tribal continually act like sulking high school teenagers that have been grounded? The claims which are being made on water and wind rights are as farcical as they sound. Water rights should not be privatised; tribal interests do not come before national interest.
***There is still life in Matt Groening's brilliant television sitcom The Simpsons. Treehouse of Horror XXIII was full of humorous moments inter-weaved among each of the three segments. Although some of the heavy decline which has been around since season 10 appeared, it seems to have been vanquished by crisper writing.***
If anyone is looking for a new book to read, look for Son of Hamas, the story of Mosab Hasan Yousef. His father is one of the founders of the Hamas movement. In the book, he talks about growing up in a war heavy area, his time in jail, working with the Shin Bet and how a trip in Israel changed his life.
2 comments:
You really have no idea about the Iwi situation do you?
Anonymous writes "you have no idea about the Iwi situation." While they may assume that, it's aside fro the point. You cannot constantly just make outlandish claims over resources which were around long before they began to exist and shall be around long after they cease to exist.
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