Okay, why didn't the NATO delegates just post what they wanted on Facebook? Or why not the same for the money changers at the big G8 Summit?
Think of the time saved? Think of the "friending" that could go on between, say, President Obama and his new like-minded pal, President Francois Hollande, of France? Think of the connections? Obama could post his latest junk food gulping and Hollande could either "like" it or make a comment. Knowing how the French are, I doubt Hollande would find much to like about a hot dog, or even french fries, for that matter.
Last week, while the stock market was heading south, the media --new and old-- was filled with stories about Facebook and the dawn of a new era of virtual connectivity, and the public offering of FB stock. Almost one billion people are now boring their friends on Facebook, and even though old technology, such as car-maker GM, cannot find a way to make ads work on FB, it is still the future.
When the market closed on Friday, the FB initial stock offering had pretty much been a wash. Sure,Mark Zukerberg is now a much bigger one percenter, but those who thought they would take a quick ride up and flip the stock, are kind of in shock and facebooking their BFF: "OMG!"
Well, FB stock may rise after all. Especially if the whiz-percenters can find a way to make something that exists in virtually profitable.
I just think the FB offering and value is worth a comparison to the Google offering. The difference may be that FB can serve up what people post about themselves, whereas Google can dig up dirt that most want hidden under the carpet. That is worth a premium on Google stock.
Come to think of it, that is probably what is happening at G8 and on Monday at the NATO summit. The world-class bores and bullies will get to blather about each other and those not invited to the party, and none of it will be going on their Facebook page.
Reality may still bite, but it is not made up solely of bytes, and the juicy stuff is still good to gossip about in person.