Wednesday, May 23, 2012

Fizz-book

AITOOW was subjugated to watching (airport) CNN's coverage of the Facebook IPO? How clueless were the talking heads (one bald douche was supposed a financial expert)? They knew nothing about what the moving parts are in an IPO, let alone the ways the can be manipulated. The only thing you learned from their "performance" is that they or someone they take marching orders wanted this IPO to be a rocket ship. I'm not sure if it was because that is how they prepared the supplements for the story or how they hoped to keep people tuned in or if it was politically motivated (good economic story for their boy Bambi) or sucking up to a potential advertiser. It was just sad. Almost as sad as the mayor of Newark (beneficiary of that charitable gift) painting a rosy picture of the debut when questioned about it. The state of journalism is just shameful. I remember when I used to feel stupid watching the news. Now I feel like I'm watching Evangelicals.

No comments: