Never Thought I would see the Year 2000 All Over Again
What insanity has gripped this market.
Using 401K and IRA money by fund managers, for their own personal manipulation.
These bubbles will kill us all. Nothing like this manipulation to make people want to shun the market from here on out. When this bursts, you will all know, you were warned.
It will be interesting to keep an eye on revenue from Premium Subscriptions. They just signed up a lot of new users. Some of those new users will pay Premium Subscriptions for a month or two, likely just so they can see who is looking at their profiles (ex girlfriends, boyfriends, spouses) and then cancel after a couple of months. Then there's the aggressive marketing of free one month trials of these services which probably don't stick after a month or two. I wouldn't be surprised to see that revenue decline significantly over the next two quarters. Granted there's a lot of other factors at play here...