Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Facebook cratering down 11% today
google chart ^ | August 2012

Posted on 08/01/2012 3:43:55 PM PDT by dennisw

How the mighty have fallen....just saying

There seems to be no respite for the investors of Facebook Inc (NASDAQ:FB). The networking giant stock was down by more than 3% in early trading session to $21.01 today, continuing with a 6 percent fall to $21.71 yesterday. This all happened just in four trading sessions, following the announcement of the first earnings report by new public company.

Counting today’s fall, the social-networking giant, shares are now almost 45% below the $38 a share IPO price of May 18. However. we have noted previously, that most buy orders went in at $45 a share. Therefore the stock is down closer to 53%, in only 10 weeks of trading!

The shares are expected to fall further in coming days, to be precise on Aug. 16. On this date the IPO will complete 91 days allowing insiders, such as company officers, directors and employees, to sell 268 million shares of stock. Then again between 91 and 181 days, insiders will be able to sell an additional 137 million shares. Given its current performance, the coming days won’t be easy for the giant.

(Excerpt) Read more at google.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: facebook

1 posted on 08/01/2012 3:43:59 PM PDT by dennisw
[ Post Reply | Private Reply | View Replies]

To: dennisw

It’s Karma for the monstrosity known as Timeline.


2 posted on 08/01/2012 3:46:45 PM PDT by relictele
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

3 posted on 08/01/2012 3:48:50 PM PDT by EEGator
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw
Maybe they'll change their name:


4 posted on 08/01/2012 3:49:30 PM PDT by dr_lew
[ Post Reply | Private Reply | To 1 | View Replies]

To: relictele

I concur, timeline sucks. I’m thinking of permanently deleting my account. It’s such a waste of time...yet I still log on.


5 posted on 08/01/2012 3:50:47 PM PDT by EEGator
[ Post Reply | Private Reply | To 2 | View Replies]

Facebook is now forcing the timeline format on users, such as myself, that do not want it. Facebook continually tries to fix what ain’t broke.


6 posted on 08/01/2012 3:50:47 PM PDT by ConservativeTeen (Proud Right Wing Extremist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw
How is Pet Rock Corp. trending?

7 posted on 08/01/2012 3:54:31 PM PDT by I see my hands (It's time to.. KICK OUT THE JAMS, MOTHER FREEPERS!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: I see my hands
Just below the Jump to Conclusions Mat corp.
8 posted on 08/01/2012 3:56:09 PM PDT by EEGator
[ Post Reply | Private Reply | To 7 | View Replies]

To: dennisw
Buying Facebook stock is like playing the lottery.
A voluntary tax on the financially uninformed
9 posted on 08/01/2012 4:00:24 PM PDT by HereInTheHeartland (Encourage all of your Democrat friends to get out and vote on November 7th, the stakes are high.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

Detailed article from The Harvard Crimson about the early days of Facebook. Dated 2-24-05

http://www.thecrimson.com/article/2005/2/24/business-casual-a-year-ago-mark/

It’s interesting considering how it started and where it is today.


10 posted on 08/01/2012 4:02:07 PM PDT by waus (FUBO UFCMF, Just in case I stuttered, FUBO)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeTeen

How are they forcing it on people ? I still don’t have it .


11 posted on 08/01/2012 4:02:07 PM PDT by sushiman
[ Post Reply | Private Reply | To 6 | View Replies]

To: dennisw

Still got a ways to go to be a reasonable value. When the financials were uncovered, a lot on the street said the stock should be in the $12 range. I don’t think that’s that far off. Especially when insiders get their opportunity to dump their shares.


12 posted on 08/01/2012 4:03:38 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConservativeTeen
i>Facebook is now forcing the timeline format on users..

I'm nor Facebook user, myself. After looking at the promotion and samples, I can say that if I were more paranoid than I am, I'd say this was a sugarcoated way to induce people to self-document their own dossiers.

13 posted on 08/01/2012 4:05:59 PM PDT by Pearls Before Swine
[ Post Reply | Private Reply | To 6 | View Replies]

To: dennisw

that’s hardly a crater...when it’s a penny stock we’ll know people have wised-up and are paying what it’s worth


14 posted on 08/01/2012 4:09:34 PM PDT by bigbob
[ Post Reply | Private Reply | To 1 | View Replies]

To: dr_lew
more like...

15 posted on 08/01/2012 4:14:48 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 4 | View Replies]

To: kingu
Still got a ways to go to be a reasonable value. When the financials were uncovered, a lot on the street said the stock should be in the $12 range. I don’t think that’s that far off. Especially when insiders get their opportunity to dump their shares.

It's not just financials. Facebook runs on advertising and became big on targeted advertising to the sheeple in the facebook universe. As more facebook users access via mobile devices the advertising is less effective due to small screen size. Thus facebook is less acceptable to advertisers and they will pay less to advertise

Mobile internet devices (iphones etc) are killing its business model.

16 posted on 08/01/2012 4:19:15 PM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
[ Post Reply | Private Reply | To 12 | View Replies]

To: sushiman

“How are they forcing it on people ? I still don’t have it .”
________________________________________________

My girl is an avid Facebook user, and I set up two Facebook
accounts for myself, thinking that some of my numerous international Internet contacts might be looking for me, but I found it to be nothing but a hodgepodge of many manes from all over the world adding me, NONE of which I could identify.
I still have the accounts but go to them only once every few weeks to see if anyone pops up.
It would not bother me if Facebook dried up and blew away.


17 posted on 08/01/2012 4:21:50 PM PDT by AlexW
[ Post Reply | Private Reply | To 11 | View Replies]

To: AlexW

Hehe...I know Guia is an “ avid “ user . I’m always hitting the LIKE button on her photos , especially those of little Alex . Cut video yesterday . Anyway , I haven’t been forced to change to TIMELINE yet , so I was wondering how FB is forcing people . Nobody can ADD you as a friend unless you accept their friend request so I don’t understand why you have so many unidentifiable friends .


18 posted on 08/01/2012 4:33:08 PM PDT by sushiman
[ Post Reply | Private Reply | To 17 | View Replies]

To: Pearls Before Swine

Your not paranoid, that is their business. Collecting and selling your personal information.

Do a little research on what they are planning with facial recognition...


19 posted on 08/01/2012 4:44:56 PM PDT by desertfreedom765
[ Post Reply | Private Reply | To 13 | View Replies]

To: sushiman

” I don’t understand why you have so many unidentifiable friends .”
__________________________________

Sushi, you know I am too daft to understand these things, haha.
I just get these request to add, but I do not do it.
I must have a few friends on there, as I get emails that so in so has added new pics, or something.

I did not know you were in Guia’s list, but happy that you get to see the pics of little Alex. He is becoming a real pistol, running up and down the beach.

I make my bi-annual exit trip in Dec. or Jan.
Maybe I should come visit you :).


20 posted on 08/01/2012 4:45:57 PM PDT by AlexW
[ Post Reply | Private Reply | To 18 | View Replies]

To: AlexW

” Bi-annual “ exit trip ? Wish I had the dough to swing that . I was hoping to meet you this year , but I just can’t get away due to various & sundry commitments . You’re always welcome here .


21 posted on 08/01/2012 4:54:06 PM PDT by sushiman
[ Post Reply | Private Reply | To 20 | View Replies]

To: dennisw

I said before the initial public offering that a Facebook IPO would bring the death of Facebook. Popcorn. I love Facebook for interacting with friends and fans, but they are running a terrible revenue generating business model. Facebook is no Google no matter what Zuckerberg imagines.


22 posted on 08/01/2012 4:59:35 PM PDT by lefty-lie-spy (Stay metal. For the Horde \m/("_")\m/ - via iPhone from Tokyo.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

That short sale @ $30 is looking very good.


23 posted on 08/01/2012 5:10:45 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
[ Post Reply | Private Reply | To 1 | View Replies]


24 posted on 08/01/2012 5:45:18 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93destr)
[ Post Reply | Private Reply | View Replies]

To: dennisw

I’d love to see a dual graph of Facebook and Chick-Fil-A overlapping.


25 posted on 08/01/2012 6:09:37 PM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually (Hendrix))
[ Post Reply | Private Reply | To 1 | View Replies]

To: LS

Didn’t Øbama praise FB? Picture with Zuck?

Enough reason for me to avoid it 100%.

Only way I’d know FB disappeared would be from the news headline here.


26 posted on 08/01/2012 7:53:25 PM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
[ Post Reply | Private Reply | To 25 | View Replies]

To: dennisw

Who wears short shorts
We wear short shorts
They’re such short shorts
We like short shorts
Who wears short shorts
We wear short shorts


27 posted on 08/01/2012 7:55:55 PM PDT by Revolting cat! (Bad things are wrong!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: relictele
OMG...the Timeline, yes, a monstrosity any way you look at it. Sheesh, I deleted everything from it...or tried to. They're making it harder and harder to delete stuff in all sections of your account. Even then, I don't think it's really deleted. It's like the whole thing was planned to sucker you into displaying your entire life to ZuckerBilge. Yuk, every time I go in there, I feel really uneasy....like I need a shower afterwards.

I'd be willing to bet that those skunks have a Mirror account for every client, that just keeps storing and logging and saving everything about you....all the deletes and bad photos and messages and posts and tags, ALL of it, saved on your ghost mirror. Ewwww!

I really hope the stock goes to ZERO (the number, not the A$$hole-in-Chief).

28 posted on 08/01/2012 8:04:20 PM PDT by Scooter100 ("Now that the fog has lifted, I still can't find my pipe". --- S. Holmes)
[ Post Reply | Private Reply | To 2 | View Replies]

To: lefty-lie-spy

I agree. 500million users ignoring the ads and sharing their cat photos. Some business model.


29 posted on 08/01/2012 8:09:17 PM PDT by Scooter100 ("Now that the fog has lifted, I still can't find my pipe". --- S. Holmes)
[ Post Reply | Private Reply | To 22 | View Replies]

To: LS

Larry,
I saw on twitter that you were hoping for the same effort for Josh Mandel as we got for Cruz here in Tx. The Freedomworks crew that was here in DFW announced that Ohio was there next destination. They are young, energetic, and so competent at todays technology that I’d say they are Awesome.


30 posted on 08/02/2012 5:44:33 AM PDT by CPT Clay (Pick up your weapon and follow me.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: CPT Clay

Whoo hoo.


31 posted on 08/02/2012 6:37:43 AM PDT by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually (Hendrix))
[ Post Reply | Private Reply | To 30 | View Replies]

To: LS

Have you seen this?

http://www.buzzfeed.com/rosiegray/inside-the-tea-party-factory


32 posted on 08/02/2012 6:49:17 AM PDT by CPT Clay (Pick up your weapon and follow me.)
[ Post Reply | Private Reply | To 31 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson