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April 14, 2012
The greater fool theory
Econophysicists at the Swiss Federal Institute of Technology in Zurich suggest Facebook and Zynga are "vastly overvalued."
"On the basis of this result, we can claim with confidence that, at its IPO and ever since, Zynga has been overvalued," say Cauwels, Sornette and Forro, adding that even their calculations are optimistic.
The bigger picture, of course, is that the entire market for social networking companies is experiencing a bubble, probably sustained by the greater fool theory of market behaviour: "I'm a fool for paying so much but I know there's a greater fool out there who will pay more".
The bigger picture, of course, is that the entire market for social networking companies is experiencing a bubble, probably sustained by the greater fool theory of market behaviour: "I'm a fool for paying so much but I know there's a greater fool out there who will pay more".
Obi Wan Kenobi made a similar observation.
All sunshine and no rain: EnemyGraph is an application that allows Facebook users to identify their enemies.
Posted by Ghost of a flea at April 14, 2012 08:57 AM