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Technology Stocks : Renren -- Ignore unavailable to you. Want to Upgrade?


To: Trader J who wrote (140)7/19/2011 12:10:53 AM
From: FR1  Read Replies (2) | Respond to of 310
 
I think the bet on this stock is that China wants to have complete control over the "facebook of China" so they can spy on people. That is why Google got kicked out and why Facebook was not allowed in.

BIDU = they get to spy on searches
SINA = they get to spy on twitter
RENN = they get to spy on facebook

To think these businesses will fail means you think China will open itself up to being taken over by large USA companies......not gonna happen.

To ignore these companies means you don't think the internet will grow much in China.