Well, maybe we were wrong. In an earlier analysis of Facebook’s value before the IPO, we suggested that Facebook was a piece of shit company and a terrible investment. Well, it is, but it’s a great vehicle for moving enormous amounts of money into the pockets of a select few. Check out this article from Wolf Richter on Testosterone Pit for the full story of how Facebook is just another corporate welfare recipient of this facist government.
Facebook filed its first 10-K annual report with the SEC, containing its financial statements for 2012 along with a host of small-print footnotes which presumably no one would ever look at. But the recalcitrant nonpartisan research and advocacy group, Citizens … [Read more]









Recent Comments