Facebook - Worth E-X-A-C-T-L-Y What You Pay To Use It

"What's striking about these heavily hyped Social Media companies is that they make nothing, and their service is either free (Facebook, Twitter, etc.) or a "free" marketing mechanism (Groupon). When was the last time a company went public in the U.S. that actually manufactured a good? When was the last time a "hot" company went public selling a service that had nothing to do with marketing and that actually performed a valuable function?"

As usual, Charles "Chuck" Hugh Smith does a nice job of putting things in a nutshell.

All the razor perceptions that cut just a little too deep. Hey I can bleed as well as anyone, but I need someone to help me sleep.