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...content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook had a $15 billion valuation, that Rupert Murdoch's News Corp (NWS) bought MySpace, and that Google (GOOG) bought YouTube only proves the "greater fool" theory...

Author: /time Magazine | Title: Facebook Takes a Dive: Why Social Networks Are Bad Businesses | 4/1/2009 | See Source »

...world so lightly rest, held a morning press conference with British Prime Minister Gordon Brown, a grizzled political veteran and the first of Obama's hosts during his weeklong international tour. The press conference and a host of bilateral meetings and other gatherings have all been arranged for April Fools' Day - a quirk of scheduling imposed by the decision to hold a meeting of the G-20 on April 2, the only slot ahead of a two-day NATO summit, which the U.S. and other European leaders will also attend. But amid talk of a growing rift between continental Europeans...

Author: /time Magazine | Title: On Eve of G-20, Obama Promises to Listen, Not Lecture | 4/1/2009 | See Source »

Foolishly Good Deal. San Francisco's two LEED-certified Orchard Hotels are offering rooms for a dollar starting April Fool's Day, for the entire month. You won't find this offer mentioned on the hotels' website, but if you hit the site at 10 a.m. on April 1 and type in the promotional code "Fool!" you can score one of the two $1 rooms offered each night in April. Once the 60 allotted rooms are sold out, the offer will be closed. Additional nights begin at $159. 466 Bush Street (Orchard Garden Hotel) or 665 Bush Street (Orchard Hotel...

Author: /time Magazine | Title: Rent This Hotel Room for $1. No Foolin'! | 3/29/2009 | See Source »

...Things might get even hotter in the coming days. On the eve of a meeting between leaders of the G-20 in London next week, thousands of protesters are expected to converge on the Bank of England as part of "Financial Fool's Day." G-20 Meltdown, the umbrella of anti-capitalist groups behind the demonstration, promises a "carnival" atmosphere. But here's a spoiler alert: "We are going to be hanging a lot of people like [RBS's Fred Goodwin] from lampposts on April Fool's Day and I can only say let's hope they are just effigies...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

...institutions, according to G-20 Meltdown's website. There's even the promise of a "Banquet at the Bank" and the chance to "feast on a rare delicacy: bankers' brains!" Features like that are all meant in jest, says Michael Rainsbro, a spokesman for the group. "It's April Fool's day," he says. "Do you seriously think we're gonna go down and eat bankers' brains? Come...

Author: /time Magazine | Title: Hang the Bankers! Getting Ready to Vent in London | 3/28/2009 | See Source »

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