PALO ALTO – USA – Zuckerberg may be a paper billionaire but what happens when the Facebook chart looks like a cliff face? The social media bubble is about to pop, big time.
Wall Street insiders know that the time is up, and they’re cashing in whatever they can get on the already ailing social media index of stocks. As for the retail traders, they won’t realise something happened until they read it in the next day’s papers and it will already be a far gone conclusion.
“If I was Zuckerberg I would have cashed in months ago, but it’s probably too late for the chump, especially when he lies back at night thinking about all that money that disappeared down the drain. C’est la vie as they say,” an analyst at some brokerage firm babbled yesterday.
Prepare for some reality on those ridiculous valuations from these data mining operations which have outlived their usefulness.