Whenever I hear that an investment trend is a sure thing, I instantly get skittish. After all, in today’s hyper-competitive world, which is also beset with huge economic challenges, things can turn sour quickly.
So, yes, the latest sure thing is that the IPOs of Facebook, Zynga and Twitter will be mega hits. That take is based on solid logic — hey, despite yesterday’s plunge in the market, LinkedIn’s (NYSE:LNKD) shares were actually up (going above the $100 mark).
But in the social world, a hot property can easily become a ghost town. A recent example of this, of course, is MySpace, which was recently sold for a pittance. There are many other examples, like Friendster and Tribe. Often, these failures were the result of poor execution and the fickleness of users. Read