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by jussij 5010 days ago
> But to be fair, there are a lot of "projects" that can't stand alone

The problem is you can make more money by creating a project does not need to stand alone. The business plan does not need to make any business sense. You only need to get through the IPO.

FB cooked the books for decades trying to find a good time to do their IPO and they finally managed to get away with it. Some people made a lot of money on that IPO and a hell of a lot of other people got screwed!

But give FB 5 years and unless they can actually implement a business plan that works, not the work of fiction that is their current plan, they too will be gone.

Now because I suspect FB will be gone in less than a decade, to me that makes their IPO nothing more than a scam.

I guess time will tell.