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I completely agree with you. There will be a couple of these social media companies that stick around but they're all overhyped. People love investing in fads, but I continue to think that it all comes back to things that are needed and aren't "sexy". What kind of things stand the test of time? What have people needed for decades and will need for decades to come?
I just think hype on social media was too high. Yelp is the other one, although that did okay after hours. OpenTable, too. OPEN is already seeing competition from Groupon's Reserve.
Amazon really walks the line between either not living up to the hype and being overly opaque or the dominant player. Wal-Mart, meanwhile, is down quite a bit. I even think Google, while certainly not an apples-to-apples comparison, is appealing.
Twitter's earnings actually were a bit better than expected. It was their user growth numbers that have taken the stock down this much.
I have one or two speculative tech plays, but they're small. Tech that allows me to sleep at night is more something like QCOM.
Comments
Regards,
Ted
Twitter Is Stupid:
Worse now...
Hey, gotta think wiser folks saw this coming. Expectations WAY too high. No way to meet.
Took FB a while to start reporting encouraging earnings.
AMZN still not really there...but, perhaps the AMZN in 2001 is better comparison.
But even down 17%, isn't it still up over initial offering price?
Will we see -20%?
I just think hype on social media was too high. Yelp is the other one, although that did okay after hours. OpenTable, too. OPEN is already seeing competition from Groupon's Reserve.
Amazon really walks the line between either not living up to the hype and being overly opaque or the dominant player. Wal-Mart, meanwhile, is down quite a bit. I even think Google, while certainly not an apples-to-apples comparison, is appealing.
Twitter's earnings actually were a bit better than expected. It was their user growth numbers that have taken the stock down this much.
I have one or two speculative tech plays, but they're small. Tech that allows me to sleep at night is more something like QCOM.