NEW YORK ( TheStreet) -- In our sometimes sucky society, there's no better case study in the tendency to blame external forces for our mistakes and shortcomings than the dysfunctional relationship between large swaths of the public and Facebook (FB - Get Report).
We've got endless examples:
- You're a retail investor. You chased the IPO because you have a Facebook page. Even though you have nobody to blame but yourself, you (and the media) blamed everybody except the person who hit 'BUY' for your losses. Back in May 2012, while predicting long-term success for Facebook stock, I said Do not buy the IPO. That's almost always sound advice. Take it.
- You're Mark Cuban, a wildly successful and otherwise brilliant man, yet you dog Facebook for structuring its advertising like TV and radio. Pay more as the size of the audience you reach increases. Novel idea.
- You're General Motors (GM - Get Report). Unlike Ford (F - Get Report), you have no clue how to properly use social media to market your company, yet you blame Facebook, exonerating your own ineptness in the process.
You really can't assign blame to Facebook for your problems, no matter what they are. But that's what we tend to do.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts