My Warnings About Social Media Echoed by the Media

As many of you will recall, I recently discussed the ridiculous valuation of Facebook by Goldman Sachs, designed to dump off pumped up shares to naive and greedy investors.

Recently, I ran across an article whereby some clown made a ridiculous case for an eventual $100 billion valuation for this social "networking" website. I didn't bother to waste my time tearing apart this article because the claims made by the author accomplish this task sufficiently. 

I hope you are able to spot the psychology here. Quite simply, the guy wanted to generate a large number of reads by selecting a topic that was already in focus, and making outrageous claims as a way to boost traffic. This is a common tactic used by the media. 

I want to remind you that you need to avoid these clowns and the sites that publish this kind of material. If you read this trash you are only reinforcing their strategy of delivering trash and delusions.