This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

You Shouldn't Hate Facebook Like You Do Enron

Stocks in this article: FB AAPL

NEW YORK ( TheStreet) -- Writing for TheStreet makes me feel like I am part of a club. Or a dysfunctional family that somehow manages to function. That's how it was at most of the radio stations I worked at.

When you pull together a group of reasonably smart people with strong personalities, opinions and some quirks, you naturally end up with such an assemblage.

The best radio stations and digital platforms that specialize in news and opinion have the feel of a barroom. There's plenty of great conversation -- often serious, sometimes even deep. You learn from the bartender or the stranger sitting on the stool next to you. And there are characters. They add value, but they also entertain.

That's what we have here at TheStreet, particularly around battleground stocks. A club that hosts a whole slew of diverse personas and points of view, including those of the reader.

Consider Facebook (FB - Get Report).

Tuesday on TheStreet, we had quite a mix of excellent articles on the stock, as you can see in the screenshot below.

Featured on the front page, you've got one guy (me) praising Mark Zuckerberg with a prediction that FB hits $100 by 2014, if not sooner. Going in pretty much the opposite direction, Eric Jackson (we never agree!) labeled Zuckerberg's conference appearance "lackluster". Meantime, Chris Ciaccia wondered why Facebook made scant mention of search in its S-1 filing.

Elsewhere on the site, there was TheStreet's Richard Saintvilus telling readers: Like It or Not, Facebook is Here to Stay. Just over a month ago, Saintvilus wrote the epic It's Not Enron, It's Facebook where he compared what Enron did to accounting to what Facebook did to IPOs.

Back in July, Robert Weinstein trotted out the one that always makes me want to order a mixed drink, Zuckerberg lacks the experience to be an effective CEO.

If we charged admission, that coverage would be more than worth the price of it.

Bullish. Bearish. Cynical. Indifferent. An expression of outrage.

Even before a few beers, I would argue loudly that Jackson, Ciaccia, Saintvilus and Weinstein are all crazy.

Facebook is not Enron. Zuckerberg and Facebook are not pathetically inept like Mark Pincus and Zynga (ZNGA). And the purpose of an S-1 filing is not to provide the competition with a blueprint of every single strategic intention ever brought up in a meeting.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs