All the televisions that broadcast over the airwaves receive super nice cash flow from the cable and satellite companies. Both cable and satellite companies have tried to argue for years that if consumers can have the programming for free why should they pay huge amounts of money to carry the same programming to the same customers...no such luck. You need to try a better argument...where is value of facebook? $50B for a web site that allows people to talk about how they passed gas at a restaurant last night? I think Facebook is smart in postponing its IPO as many people would short the heck out of this stock as soon as it hit the market. Bubble days are here again, somepeople are too blind to see it...
No...many of us do not think Zuckerberg runs Facebook. Yes...many of us do think he conned his friends back in college.
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