Weekend
Earth to Tech Investors, Facebook FB is now worth half as much at Berkshire Hathaway BRK. It that a good bet?
FB bought Instagram for $7156M, users are up from 30 m to 200 M.
FB bought What's App for $19 B. Whats app allows one to avoid paying for SMS (short messaging service, I had to look that up). If your life is texging, I guess this is a real break through.
FB bought Oculus, a 3D virtual reality company, even though it has yet to bring a product to market.
MY guess is that FB topped and is now headed back to fourth wave support at 45. At least Zuckerberg is using stock rather than all cash for some of these deals.
Elon Musk has been exhibiting a similar Midas Touch at Tesla.
The price is up 6X in one year. Now he is shopping cities for a battery plant, to be built which he says will be a battery breakthrough. Now the cars are limited to say Dallas to Waco on one charge, not so great if you are trying to get to Austin.
Netscape, Word Perfect, Lotus 1 2 3, all gone, My Space, a bad bet compared to Facebook, social mood is full tilt positive on these two developing tech companies.
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