Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, January 4, 2011

The Facebook Deal at Goldman

Tim Berners-Lee (not Al Gore), invented a portal for the exchange of knowledge called the World Wide Web. 21 years later, the pre-eminent investment bank in America gave $500 million to a company so teenage girls could post pursed-lipped, peace sign waving photos of themselves into the rapidly crowding cyber-space...[It is] a narcissistic bulletin board for the inane. A $50 Billion market cap FAD. The scary part is not the vast amount of capital the brightest stars in banking are willing to throw at the “Unblinking One.” The horror is the utter vacuousness of the advertising enterprise.

Huxley saw a world where consumption and entertainment numbed society into a false state of bliss. ...Facebook is the Dark Matter of the universe.
---Kevin Ferry

No comments:

Post a Comment