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Thread: Facebook IPO
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Old 05-19-2012, 04:36 PM   #38
Robert Goren
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Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
Quote:
Originally Posted by rastajenk
I understand that. Is that what your President thinks economic recovery is based on? Advertising? That figures.
Make fun of it all you want, but advertising fuels a huge portion of this economy including site. Think about would happen if you took away advertising. A lot of the internet disappears. All newspapers and magazines are gone. So is TV. I could go on and on. That being said, You do need something to advertise.
Facebook is service that a lot of people want. Advertising funds it. It is no different than Fox News from a funding point of view. Whether it is as effective as Fox News as an advertising tool is another question, but there is no doubt it reaches far more people.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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