Another tech bubble in the making?
Michael Synder makes the following salient point over at Zero Hedge:
Shouldn’t Internet companies actually “make a profit” at some point before being considered worth billions of dollars? A lot of investors laugh when they look back at the foolishness of the “Dotcom bubble” of the late 1990s, but the tech bubble that is inflating right in front of our eyes today is actually far worse.
For example, what would you say if I told you that a seven-year-old company that has a long history of not being profitable and that actually lost 64 million dollars last quarter is worth more than 13 billion dollars?
You would probably say that I was insane, but the company that I have just described is Twitter and Wall Street is going crazy for it right now. Please don’t get me wrong – I actually love Twitter. On my Twitter account I have sent out thousands of “tweets”. Twitter is a lot of fun, and it has had a huge impact on the entire planet. But is it worth 13 billion dollars? Of course not.
You can talk about “brand value” all you want, but the companies with actual Brand Value are ones that are profitable, and have been for a long time. That is what makes their brand valuable. Twitter’s value is in improving someone else’s brand value, and trying to squeeze a profit out of that could kill the value that people currently see in Twitter.
Monday Book Pick: Don’t Let The Hippies Shower
Don’t Let The Hippies Shower by Stephen Kruiser
Political comedian turns author and produces a funny book that covers serious topics. His theory is that many social problems started when hippies started bathing and blending in with responsible adults. They then needed jobs, and unfortunately selected a job that gave them their summers off let them rot childrens’ brains with their hippy dribble. He has an interesting and surprisingly simple solution. Check it out.
Round Up Post
Filed under: Culture of Corruption, Our Dear Leader, Politics
The IRS “refunded” over $4 Billion to identity thieves. This included checks sent to Ireland and Communist China. This is the agency our Dear Leader wants to collect “taxes” from you for not having health care insurance he approves of.
A Virginia DMV official pleaded guilty to issuing drivers licences to over 300 illegal aliens. Leftists will tell you that this has nothing to do with vote fraud, because there is no vote fraud, and that we have always been at war with Eastasia.
Teacher’s Union official accuses a Jewish father of being a “Neo-Nazi” for daring to question his child’s indoctrination. Rational arguments are not just a strong point of the left.
The Democrats who voted for the debacle are now scrambling for cover.
A key difference between Republican and democrat voters
If Republican congresscritters vote against their base, their base stops voting for them.
When democrat congresscritters vote for laws that hurt their base, the democrat base puts some makeup on their collective black eye, and mutter, “But he loves me,” and then votes for their serial abuser over and over again.
Quote of the Day
Filed under: Obama Economy, Our Dear Leader, Politics, Tea Party
“Dear America: We warned about higher premiums & millions of cancellations, & the media called us racist liars. Remember that. — Tea Party”
Round Up Post
Filed under: Culture of Corruption, Media Bias, Our Dear Leader, Politics
HealthCare.gov Users Warn of Security Risk, Breach of Privacy Golly, Obamacare is a poor designed fiasco of a web site. No surprise there.
There’s an awful lot of middle-class sticker shock going on with these insurance cancellations… If you have been listening to the NPR coverage, where they are setting new records for extreme spinning for our Dear Leader, those premiums are only increasing “slightly” and those who complain about it are “whiners.” If you want to see some of those price hikes, check out MyCancellation.com.
The leftists over at Politico admit that the so-called “mainstream media” ignored Conservatives’ warnings about Obamacare for years, and that those warnings were 100% accurate. Poor Richard’s News sums it up nicely: ” The mainstream media willingly ignores the truth in favor of spoon feeding the American people talking points directly from the White House.”
No surprise here, the NY Times denies that Obama lied repeatedly to the American people.
Monday Book Pick: Dead Six
Dead Six by Larry Correia and Mike Kupari
This is an upfront adventure story. Two groups of very skilled killers, one a group of mercenaries, the other a group of ruthless thieves. Both end up in a small Middle Eastern country and their missions often put them into conflict. Lots of action, very accurate weapons description and handling, shadow agencies, and grand conspiracies. I really enjoyed this book, a fun read with plenty of action and twists.
Quote of the Day
“Jarrett, an old Chicago friend of both Barack and Michelle Obama, appears to exercise such extraordinary influence she is sometimes quietly referred to as “Rasputin” on Capitol Hill, a reference to the mystical monk who held sway over Russia’s Czar Nicholas as he increasingly lost touch with reality during World War I.”
— John Fund in NRO’s The Corner
Let’s be honest here. Barry won’t take a piss without checking with Valerie Jarrett to see how many times he is allowed to shake when done.
Quote of the Day
Filed under: Culture of Corruption, Our Dear Leader, Politics
“Get border agents killed, get ambassadors killed, oversee disastrous healthcare rollout — those people get to keep their jobs. But calling Valerie Jarrett a “vacuous cipher?” That’s a firing offense.”
| — | Glenn Reynolds |
It isn’t a budget issue
Filed under: Congress, economy, Obama Economy, Our Dear Leader, Politics
The current political posturing in D.C. is not over the federal budget. It’s over a ‘continuing resolution’ to fund the government for three months.
That is because the United States of America is entering its fifth fiscal year without an actual federal budget. An actual federal budget has not passed both houses of Congress and been signed by the President since George W. Bush was President.
The President is required by law to submit a budget to Congress every year. The person currently occupying the White House during his golf tour has done so. Those budgets have been received in a truly amazing display of bipartisanship and have failed to received a single vote from any member of congress of either party, and that includes the socialist who caucuses with the democrats. I think the best one of his budgets did was 0-97 in the Senate.
The House has submitted at least one budget, with bipartisan support every year, which Harry Reid has refused to bring to the floor for a vote. The Senate has produced one budget, within the last year, on a strict party line vote.
It is important to note that when the democrats controlled the White House and both houses of Congress, they failed in their primary duty of producing a federal budget. It is not because they tried and failed, they just didn’t even try.
So it is clear that having a federal budget, that receives a close examination, and is open to debate and review by the public is not something that the democrats want. Which raises the question of why they don’t want the transparency that an actual federal budget would bring.