Saint Pierre and Miquelon – France’s forgotten North American outpost and former home of Micmacs, booze smugglers and Nazi sympathizers

Hedegaard · 3 days

Those are two massive exceptions to the rule. Meaning that Facebook clearly has precedence for success, but the odds don't favor it as the next Google. Nor do I expect another pets.com

Hedegaard · 3 days

Not to mention all of the potential laws forcing them to require customers to opt-in to many of their data-mining services.

Hedegaard · 3 days

Hulu would be a better example. Netflix was my example because it is a stupendously cheap service whose price was raised slightly (still cheap relative to any other alternative) and everyone revolted. When you're trapped in a platform or contract, you have more sunk cost forcing you to accept change and higher prices. The only reason FB has so many subscribers is because it's cheap/free. They need to build more earth-shattering services or somehow lock people into a platform and gouge if they want to make the money they're being valued at now.

Hedegaard · 3 days

Shit, got my messages mixed up. My bad.

Hedegaard · 3 days

http://www.reddit.com/r/news/comments/txj48/facebook_stock_down_by_10_in_15_minutes_of/c4qpynq

Hedegaard · 3 days

They're going to need to find ways to monetize those services ASAP (and invent new ones) because their current ad service doesn't justify $104B. Not to mention that free, ad based, services have a history of flighty customers. They can't just go around charging for things that used to be free or people will flee in droves. Check out what happened to Netflix. Maybe they can negotiate a bigger cut of Farmville revenue.

[edit- mixed up my replies, so my post above is utter crap, don't believe anything it says]

Hedegaard · 3 days

I was unaware Amazon is that high. They do own and run a killer supply chain which adds some major value in my mind...but not 179 P/E.

Hedegaard · 3 days

Hedegaard · 3 days

Exactly, I believe the largest by volume is at NASA's Kennedy Space Center

Hedegaard · 3 days

For me, the real mindfuck is that you clearly see the doors that the planes roll out through and they look big - then you see the service doors for people and cars built into the big doors and you get some perspective. Hundreds of car garage doors could fit on one big plane door.

Hedegaard · 3 days

I understand stocks relatively well, I just glossed over those details. I've lost enough money on short-term deals that I focus on the long-term these days (as well as most individual investors seem to be trending this way like myself it seems). One of the most basic ways to value a stock long term is to look at Price/Earnings. We tend to think of Google and Apple to be high flying revenue machines with decent profit (though Apple has been piling on the profit as of late), but here's some P/E's -> Google - 18.6x, Apple - 13.6x, Boeing - 12.5x, Facebook - 110.2x. One of the major lessons we learned from the tech bubble was that P/E's as high as Facebook's are not sustainable.

Hedegaard · 3 days

On a related note, it bothers me that we put as much value on tech companies as we do in the US. I'm not saying that they are valueless, but again using Boeing as an example, they generate minimal secondary investment in comparison. Have a look at any industrial park near Washington State (and there are many) and they all have one or more companies producing parts or services for Boeing (and other aerospace companies) as independent suppliers with many levels of blue and white collar employment. Hundreds of thousands of people are involved in this supply chain. E-companies just can't match this economic engine. We cant' forget the value of manufacturing to our economy.

Hedegaard · 3 days

At $104 Billion, Facebook is valued at about double Boeing. Boeing! Have any of you ever seen Boeing's facilities? They are all over the world and include some of the biggest buildings ever built including the world's largest by footprint in Everett, WA. They employ 172k people compared to Facebook's ~3k. They pump out hundreds of $Million aircraft every year. Yet I'm supposed to believe that a few thousand software developers and marketing specialists are worth twice as much? What a scam.

Dan_Quixote · 4 days

US gallon per person per year. The year of the data on the map was 2010, looks like I missed that part on the map.

Dan_Quixote · 4 days

I should also note that all map data was from The Beer Institute's 2011 Brewer's Almanac report, found here.

Trapped_In_Digg · 4 days

I like those days. Lots of rainbows.

Dan_Quixote · 4 days

More maps concerning US Alcohol consumption here: http://www.oddgeo.com/2012/05/20/alcohol/

washer · 6 days

Don't talk that way about John Madden.

tiff_seattle · 6 days

Agreed. I think this sums up my thoughts nicely.

surfer50k · 6 days

I'm a little curious about the processing on the last picture. It looks almost like old Kodak portra film - my favorite. what did you do to get it that way?

edge_ · 7 days

I suspect Albert only looked to be joking at the end because he noticed the camera.

imonmahmud007 · 9 days

Lots of NSFW ads. Heads up next time.

imonmahmud007 · 9 days

Looks like a regular puppy Jonestown in there...

Dan_Quixote

TROPHY CASE

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