August 2, 2012

Social Media: A Lot Of These Companies Are Going To Make A Quick Buck And Flame Out

"A lot of these companies are going to make a quick buck and flame out. Just look at 10 years ago.” - Peter Schiff, Chief Executive of Euro Pacific Capital, comparing the social media companies of today with the dot-coms of yore

Related: Facebook (FB), Zynga (ZNGA), Groupon (GRPN), Angie's List (ANGI), Pandora Media (P)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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