I’ve made a habit out of going after TownHall.com email alerts – usually because of the political implications of their get-rich-quick schemes.
But today, TownHall.com is promoting “Frank’s Penny Stocks” which is claiming that the site Bloggerwave is going to be worth a lot of money:
I’ve said it many times now, Don’t Wait – BLGW is a Takeover Target for Google…Yahoo and Microsoft could be watching and waiting too.
Had you followed my advice you could have already secured huge gains…
Now, I’ve never been so certain. BLGW is lighting up like a firecracker…and that could make you a bundle of profits.
Now, I have no special inside information here – but the Google takeover bit is a load of bullshit. Frank’s Penny Stocks analysis of why BLGW is a good pick is jaw-droppingly naive about social media:
All the buzz today is about social media—and it’s more than just a craze. Facebook, Twitter, YouTube, MySpace, blogs…
Yahoo made a $1 BILLION offer to buy Facebook. Subsequently, the offer was turned down by the 22-year old founder, Mark Zuckerberg, and his partners. Foolish maybe, but it just goes to show that the big boys are willing to pay big bucks for these sites.
And then of course is the street vendor sales language:
[BLGW] has a client list worth its weight in gold
My BUY NOW alarms went off all over the place.
I LOVE a good $tock $tampede!
But the basic point is this: Google won’t be buying Bloggerwave. Bloggerwave may make money – but it will only do so if Google allows it to – and its modus operandi is contrary to Google’s. It’s about companies buying positive social media coverage rather than advertisements. It doesn’t seem transparent or open in how it makes money the way other Google businesses are. It just isn’t a good fit.
For more TownHall idiocy covered, see here, here, here, here, here, here, here, here, and here.