With Facebook acquiring virtual-reality company Oculus, one of the all time great sucker plays -- the “Jumpstart Our Business Startups Act,” signed by President Barack Obama on April 1, 2012 -- has been revealed as the massive bait-and-switch it is. (The JOBS Act? How's that for a misleading title?)(source infra)
Attention Suckers: Please Send Us Your Money - Bloomberg View: " . . . . In the case of Oculus, where you weren’t even promised equity, you simply revealed yourself as clueless naifs. What did you really expect to happen when you sell Democracy to the highest bidder? Yay, crowdfunding! The sheep have been shorn." (read more at the link above about Obama's latest scam--the JOBS Act)
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When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Saturday, April 12, 2014
Attention Obama Suckers, The JOBS Act Scam
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