[guest post by TS]
AA: Linkedin opened at $83...WOW...After pricing at $45...and they themselves valuing themselves at $2.32 2 years ago...
BB: Oooo... somebody gonna make some money!
TS: hit high so far of 92...
AA: Insane...
CC: It's like 1999 all over again. I'm off to get myself some AOL, Enron, and Pet.com shares.
TS: ...or Linkedin, Groupon and Facebook? :-)
CC: Pretty much; we live in a far too litigious society that investing in companies that are basically data harvesters makes little sense in the long run.
TS: ah, but finding the nexus of packaging, branding, salesmanship and market conditions can make the difference between a betamax and a netflix... by that definition, google is just a data harvester, but jumping in on the day of their ipo was a shrewd crap-shoot...
CC: Re: Google...my mom worked for a Fortune 500 co. back in the late 90s-early 00s doing advertising and marketing. One day she got a call from a guy at Google try to sell them advertising, etc (way before Google was a known entity). She told them him that they weren't interested and good luck and that they should change the name of the company because it sounded silly. To this day, she still cringes.
AA: The Russian Google...I can't remember the name, is supposed to go on the market early next week...While the Chinese Facebook, RenRen (RENN), started at 19.50, went to 24 on May 4, when it IPO'd, and is now in the $13 dollar range...
TS: Yandex? http://www.reuters.com/article/2011/05/19/us-yandex-ipo-idUSTRE74I3P720110519
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