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Comment on Buffett Says Berkshire Has Bought About $10.7 Billion in IBMparent

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I think you're wrong, because "social media" is not a bubble. Actually, it's part of the real life. :-) And I don't know what Warren wants with this, maybe he's believing in another monopolistic move of IBM, which is not too smart these days.

Actually, I agree with you on the benefits from social media to the society. But for 5% of useful features, there is 95% of trendy/fashionable projects that do not have any benefits to the grand scheme of things, are really expensive (color?) and are driving workforce away from more important projects.

You're conflating useful with productive. Huge productive industries employing tons of people are built around things that are merely trendy and fashionable (pop music, LV purses, etc).

Speaking about this side, I agree with you. But it always have been this way in our society, a lot of disposable efforts.

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