I remember the haters! Yo! That was my lame attempt at being hip, my cool jeans that I wore to work yesterday elicited sniggers from my colleagues who perhaps believe that I am on the cusp, age wise, of pulling that "look" off. This next piece from the BusinessInsider has something to do with that, the haters and the coolness: CHART OF THE DAY: Instagram's Runaway Growth. Everyone was outraged that Facebook bought fresh air for a monster sum. Hey, they might not have got the mobile advertising "stuff" right just yet, but they certainly knew that people wanted to take more photos and post them. Byron often says that Facebook is a gloating place. But there you go, well done Facebook.
Not so well done Facebook, in fact the reason why the shareprice has taken a beaten over the last two sessions is this: Facebook Fought SEC to Keep Mobile Risks Hidden Before IPO. Look, all I can say is that all is well that ends well, but perhaps the early investors in Facebook will still feel horribly aggrieved that the secrecy issues that the company guarded so much, should have been a WHOLE LOT more transparent. Thank goodness for the regulators, another egg on the face of (the book) companies management: The Little Lies Facebook Almost Put In Its IPO Filing. I am going to say it over again, I still believe the company is going to change the world. Will they monetise that? Time will tell.