For someone who is so smart, Mark Zuckerberg has no idea what he’s doing. He turned 28 on Monday and Facebook is having its’ IPO on Friday. The valuation will be somewhere close to $100 billion. Yes, he is getting out at the right time as there is no way Facebook is worth this much. I posted back on February 2nd, that Facebook peaked last year. It’s not just because I hardly ever use the site anymore. First the valuation is quite high. Facebook only made $1 billion last year. Apple makes more than $1 billion in less than a month. Oh, Facebook spent that billion on Instagram. Just like Research in Motion and Google, in trying to compete with Apple they will waste billions. While Mark Zuckerberg is smart in his timing, IMO he has no idea what to do with Facebook at this point. The recent redesign appears to be a failure. Are any Facebook users trying let alone using all the apps they promoted with the site redesign? The most humorous part of all this is Wall Street’s roadshow where Mark Zuckerberg has been saying mobile will be Facebook’s main focus in 2012. Recall Facebook took forever to release an iPad app because according to Mark Zuckerberg, “The iPad isn’t mobile.” Yes, investors should feel confident that Facebook knows where to go from here.







Within 24 hours of the release of the new iPad 3 multiple people displayed a jailbroken one. Yes, one month ago @MuscleNerd and other members of the Dev team displayed screen shots of the new iPad 3 with Cydia on it. Yet since that time silence. I’d expect an update soon saying it’s going to be at least another month. Until there is a jailbreak I’m sticking with my iPad 2. I sold the one I bought upon release after a week of playing with it. If you Google “new iPad jailbreak” you’ll find many sites offering to sell you one. Don’t do it as they are all scams. Patience will be rewarded as it always has in the past. 