While we have no idea if Facebook is right in paying $2 billion (mostly in overvalued stock, thank you momo dot com 2.0 bubble-chasing investors), and frankly we don’t care what bears noting is that while the idiocy of Facebook’s CEO is still up for debate, the idiocy of the markets is once again beyond a reasonable doubt. Presenting Oculus… Innovative Sciences – a company which has absolutely nothing in common with Oculus VR, and which is up over 4% this morning because… it shares the same name as the Facebook acqusition – the same that happened with Tweeter (TWTRQ) and Nestor (NEST).
via Zero Hedge http://ift.tt/NTqBML Tyler Durden