Month: June 2012

Posted on

Facebook IPO Attacks Tech

I don’t buy stocks and now I have an even better reason not to. Facebook managed to have one of the worst and most embarrassing IPO’s in history. I do follow stocks, mostly of tech companies I like and noticed that the day Facebook opened and its stock took a dump so did everyone else’s. Apple faired the best, but it still has sunk.

Social media has lost the game now. It’ll still be around, but it will be a smaller group. I’m hearing about all these new social media apps where you can share pictures, video, your location so stalkers can find you. There’s a new one everyday. There’s even a Social Media app for people who don’t like to use social media, it’s called Google+.

I doubt Facebook will go away anytime soon, but it’s certainly going to be hurt by the damage it’s caused to all the tech companies. Most of which are in the Bay Area. Now those companies that are privately held will have a much harder time getting investors and especially if they’re a social media start up. Mark Zuckerberg has figuratively screwed the pooch with this IPO. Sure he made money from it and he already had money, but I’m sure his investors will be poking him very shortly to answer for this debacle. Many investors have also invested in other tech companies and they’re probably all sweating like a man on his way to the gas chamber.

The value of Facebook stock has dropped 25% in the first week and people are thinking it’s going to keep going in that direction. It doesn’t do much besides let you find people you haven’t seen in years to become friends again, yet meet up with face to face. It’s going to be interesting to see where this turns in the near future. People already didn’t like Facebook for the changes it made and how it made things you wanted to keep private to only your close friends public to the world. If you haven’t done so already it would be a good idea for you to check what your page looks like to the public by going to the Activity Log and choosing View as…

You might be surprised at what you see. I’ll still stay on Facebook until the new whiz bang site comes along, but it will be interesting to see how long that is.

Posted on

Paying The Bills

I had realized that I got screwed yesterday. It turns out when you get a bill from a company you need to check it carefully and not just pay it off and forget about it. I paid my phone bill which was an astronomical $396 dollars and then started thinking. Why is it so high? I started looking at the numbers and realized a few things that I was paying that I didn’t need to pay.

1. I received a text message from a company called ClickGen that I ignored, but after contacting my phone company found out that the FCC actually allows this company to send text messages that if you don’t respond with OUT you get charged $9.99 a month. Lucky for me they reversed the charges.

2. We’re on the Universal Lifeline service because we don’t make money in the 1%’er range, yet we’re still charged tax for the people who receive Universal Lifeline service. That was fixed with the call.

3. The bill said I hadn’t paid last month’s bill so that was added in, but upon checking I had and I mentioned that I had proof that I had paid the previous bill. Upon hearing that they credited me $156.09 dollars which means my next bill will probably have to be paid in August.

Lots of us get bills and just pay them. Its a good time to look over every aspect of your bills because these companies while I won’t say a re totally unscrupulous don’t exactly have their act together because they let their computers do their thinking for them. Because of this they sometimes make mistakes, but they won’t admit that as long as you keep paying your bills.

Keep a good eye on the bills you  receive. I get emails from GoDaddy almost monthly telling me that my domain is about to expire yet I’ve never registered a domain with GoDaddy. These are tactics that companies use to get you to hand over money to them that you don’t need to and if you complain they’ll just say it was a computer error to try and avoid admittance of fault on their behalf.

If you keep your eye on your bills you might find that you have more money in your pocket at the end of the month so do what I have done so you don’t get taken.