AOL co-founder Steve Case told Erin Burnett that despite market fluctuations that have led some to call the massively hyped Facebook IPO a flop, the company–and it's future–is a success story. "They've done a terrific job."
it's called a hit-and-run in which you have access to a junk product at the bargain basement price, hype (= lie) about what wonders it does, sell it to the highest bidding sucker (who was born yesterday), and run with your bazillions. try it. it's all legal and you can run on it all the way to the bank first and then to the white house.
I agree MZ did a very good job in selling a company based on narcissism and superficial values to sucker investors.
You and Case (and everyone else) ignores an important point. There is a high number of foreign born graduates because their governments are not only paying for their education, but are also giving them money to live on while they are here. Most US born students not only have to (at least in part) pay for their education, they have to take on a job so they can eat and have a place to live. Now which group do you thing have a better chance of doing well in school. For all but a small portion of the US born students it is a matter of survival, so the time they spend focusing on starting a business is minimal.
A second point is business owners have a conflict of interest since they are able to pay many foreign born workers a lower salary. As a result, not only should it be illegal for any business owner to try to influence the associated legislation, it is in fact Un-American.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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