2012-07-27

andrewducker: (Default)
2012-07-27 12:00 pm
andrewducker: (obey)
2012-07-27 05:08 pm

My congratulations to Facebook

For persuading people that their shares were worth 100 times their income, at $38/share. An amazing job, that made them a huge wodge of money. It shouldn't matter to them at all that the price has since dropped by nearly half of that to $22 - they made their money, and I'm sure they're very happy with it.

I have no idea why people were willing to pay that much for shares in a company that could not grow its user base by more than seven times without running out of human beings, can't monetise those users more than a tiny amount without driving them away, and has growth that's been halving every year since 2009. But that's investors for you.
andrewducker: (overwhelming firepower)
2012-07-27 08:01 pm

I just bought a game on pre-order, for the first time in aaaaaages

Largely because (a) Steam have Borderlands 2 on 10% off if you own Borderlands 1 and (b) The 4-pack is even further discounted, to the point where I basically got my copy for 1/3 off purely because I have two friends and a wife who also love shooting things.

Now I just have to wait until September 18th until I can play this:


*so excited I'm actually going to set the mood on this post*