Sure, everyone wishes they bought Apple or Berkshire Hathaway stock and avoided Facebook or Groupon. But there have been lots of bad stock IPOs over the years and people wisely stayed away:
Two-Facebook: A social site where you could tell one group of friends one thing, and tell another group of friends something else.
Milk Motors: A company that developed an engine that ran on milk, which seemed like a great idea until somebody realized milk costs the same per gallon as
gasoline.
2YK Protection Corp.: Face it, after 1/1/2000, no one was interested in the threat our computers faced from the Millennium Bug. Especially when the company was founded in 2006.
Amish GPS Int’l.: Turns out the Amish ready don’t use or want GPS devices for their horse and buggies.
PizzaFax: A company invented a way to fax pizzas to people’s homes.
But, because of email, nobody has fax machines anymore. And the technology to turn pizza into an attachable file doesn’t exist.
General Motors: ‘nuff said.
Frozen Apps: Everyone got excited about buying shares of this company, until they found out it wasn’t a software company. They made appetizers for cocktail parties.
Tasty Apps: The confusion continued when this software company issued stock around the same time, with an app to locate stores selling frozen party snacks.
Digital Buggy Whips, Ltd.: There was no way this company was going to update buggy whips into the 21st century.
Tepid Fusion Co.: Between hot fusion and cold fusion, this company claimed it could create energy in a lukewarm environment. But no one warmed to the idea.
Obsolete Technology Corp.: Despite a slick brochure, this company never really had a shot to succeed.
Ponzi Schemes Inc.: Yeah, no one took the bait when this company went public.
Two-Facebook: A social site where you could tell one group of friends one thing, and tell another group of friends something else.
Milk Motors: A company that developed an engine that ran on milk, which seemed like a great idea until somebody realized milk costs the same per gallon as
gasoline.
2YK Protection Corp.: Face it, after 1/1/2000, no one was interested in the threat our computers faced from the Millennium Bug. Especially when the company was founded in 2006.
Amish GPS Int’l.: Turns out the Amish ready don’t use or want GPS devices for their horse and buggies.
PizzaFax: A company invented a way to fax pizzas to people’s homes.
But, because of email, nobody has fax machines anymore. And the technology to turn pizza into an attachable file doesn’t exist.
General Motors: ‘nuff said.
Frozen Apps: Everyone got excited about buying shares of this company, until they found out it wasn’t a software company. They made appetizers for cocktail parties.
Tasty Apps: The confusion continued when this software company issued stock around the same time, with an app to locate stores selling frozen party snacks.
Digital Buggy Whips, Ltd.: There was no way this company was going to update buggy whips into the 21st century.
Tepid Fusion Co.: Between hot fusion and cold fusion, this company claimed it could create energy in a lukewarm environment. But no one warmed to the idea.
Obsolete Technology Corp.: Despite a slick brochure, this company never really had a shot to succeed.
Ponzi Schemes Inc.: Yeah, no one took the bait when this company went public.
