Facebook and the Naked Samwer Brothers
Reports that the Samwer brothers have taken an undisclosed stake in Facebook have got the population of the entire world wondering what it is they know that the rest of us don’t. This may be a gross exaggeration on my part, maybe its just me wondering and everyone else can see it. But as a true non-believer - someone who just does not get Facebook - it looks like the ‘Emperor’s New Clothes’ to me - a duff investment following hot on the heels of Microsoft.
Some may argue that its a case of too much money on the part of Alexander, Oliver and Marc? Others may say that their investments in LinkedIn, HomeAway, ReachLocal and MFG.com doesn’t occupy enough of their time? Or maybe they are dabbling in a little spread betting? Or perhaps they are gathering knowledge for future investments? I guess we may never know what they were thinking. However one thing I am sure we could all agree on is that the brothers will have to wait a long, long time to get their money back - if they ever do. [Read more]
