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Facebook workers suffer pain of stock's sharp sell-off
Orlando Sentinel | August 18, 2012 | Jessica Guynn, Los Angeles Times

Posted on 08/19/2012 1:08:54 AM PDT by Cincinatus' Wife

Edited on 08/19/2012 2:42:24 AM PDT by Admin Moderator. [history]

Facebook Inc. is in a world of hurt on Wall Street but its employees are also feeling the sting of the stock's sharp sell-off.

For many staffers, the precipitous drop means their Facebook stock is not going to yield the returns they hoped, at least not right away. They have had to defer or downsize their dreams of buying a home or a new car.



TOPICS: Computers/Internet
KEYWORDS: facebook; socialmedia

1 posted on 08/19/2012 1:09:00 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

Should have sold on the first day. Got greedy and it bit them.


2 posted on 08/19/2012 1:11:51 AM PDT by packrat35 (Admit it! We are almost ready to be called a police state!)
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To: Cincinatus' Wife

Maybe they haven’t met Soros who bought a lot of stock and i s probably moving. Wonder if the founder is in on it?


3 posted on 08/19/2012 1:14:32 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Cincinatus' Wife

Good grief. The kids that frequent FB, don’t buy products.

FB was the obvious short sale.


4 posted on 08/19/2012 1:16:51 AM PDT by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: All
"Facebook Inc employees are the youngest and most satisfied, and yet the most stressed among workers at big US technology companies.

The social networking giant also has the lowest median age, 26, as well as the highest portion of female workers, 33 per cent, among nine of the US IT industry's top companies.

At Facebook, workers make about $59,100 to start, 49 per cent more than the national average. They get a 13 per cent premium over what employees would earn at similar positions at other companies, the survey found." [June 2011] Source

....."You won’t find any cubicles in Facebook’s new 150,000 square-foot office in Palo Alto, California. The interior is wide open, with a warehouse look. The design firm Studio o+a consulted employees to find out their expectations about the work environment and what they desired their space to look like. This led to many different designs across departments, based on their individual needs and tastes. Many of the walls were left blank, in order to encourage employees to further customize their space. The overall feel is casual and relaxed, with plenty of areas to unwind away from a computer."..... [Sept 2009] Source

5 posted on 08/19/2012 1:28:28 AM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

I give Facebook credit for lasting longer than MySpace, but sheesh... People really thought Facebook would last longer than, say, Palm Pilot?


6 posted on 08/19/2012 1:37:53 AM PDT by Lancey Howard
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To: freekitty
Maybe they haven’t met Soros who bought a lot of stock and i s probably moving.

Oh, Soros is moving stock alright:

Soros Unloads All Investments in Major Financial Stocks; Invests $130 Million In Gold

7 posted on 08/19/2012 1:41:07 AM PDT by Lancey Howard
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To: Lancey Howard

I think Sean Parker said it best, “Facebook is cool.”

The grown ups either over monetized something for which they had no clue about or it was another boiler room operation and everyone who was in on it got out on day 2.


8 posted on 08/19/2012 1:48:16 AM PDT by EQAndyBuzz (ABO 2012)
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To: Cincinatus' Wife

I kept getting blocked from inviting “friends” on fb and received messages that I was crapping up their high standards by inviting people that I don’t already personally know.

Then I noticed my friends are retarded, so I was like... fine, whatever.


9 posted on 08/19/2012 1:48:43 AM PDT by Berlin_Freeper (Siri says: Romney never met a homosexual he didn't like.)
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To: Cincinatus' Wife
Hey, dum dums, it's what happens when there's no “there” there.
10 posted on 08/19/2012 2:22:25 AM PDT by Dick Bachert
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To: Cincinatus' Wife
Well, according to Obama, they shouldn't be upset that they are just now less lucky than before. They, according to him, were just recipients of life's lottery that shone on them - for a while.
11 posted on 08/19/2012 3:19:00 AM PDT by Gaffer
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To: Cincinatus' Wife

Awww, what a pity. Let us get out the violin.

http://www.youtube.com/watch?v=Bxauqa7rJgI


12 posted on 08/19/2012 3:27:58 AM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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To: Cincinatus' Wife

http://www.youtube.com/watch?v=6uS5xPWfxPY


13 posted on 08/19/2012 3:30:59 AM PDT by SMGFan (SMGfan is not "Sub Machine Gun" fan)
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To: Cincinatus' Wife

Not saying that I wouldn’t love to work in a place like that.

However, my long-term career plans would never be to bank on being there for more than 3 years.

Facebook is no super company. They need to generate real cash off of all of this fluff sooner or later, and there simply is no way they can.


14 posted on 08/19/2012 4:01:33 AM PDT by VanDeKoik
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To: VanDeKoik
Facebook is no super company. They need to generate real cash off of all of this fluff sooner or later, and there simply is no way they can.

The "green gravytrain" should suffer this same reality.

15 posted on 08/19/2012 4:08:44 AM PDT by Cincinatus' Wife
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To: packrat35

Company employees who received stock are prohibited from selling until the IPO Lock Up expires. For Facebook, this was just a couple of days ago.


16 posted on 08/19/2012 4:24:16 AM PDT by OldRanchHand
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To: Cincinatus' Wife

If you don’t know>>>

What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs

To me facebook is a big ol AOL except it is advertizing supported. Same as AOL in that facebook would love you to stay on facebook all day or at least a good part of it be exposed to its advertizing

Lots of facebook addicts can spend hours flipping through it on mobile devices...like my friends wife. They are out driving with him at the wheel and his wife is flipping through facebook


17 posted on 08/19/2012 4:30:19 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: Cincinatus' Wife

Hilarious.


18 posted on 08/19/2012 4:35:19 AM PDT by Vision ("Did I not say to you that if you would believe, you would see the glory of God?" John 11:40)
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To: packrat35

They should have sold, quit and then shorted. They’d be rich by now.


19 posted on 08/19/2012 4:50:52 AM PDT by 1010RD (First, Do No Harm)
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To: packrat35

They cannot sell until the employee window opens. This prevents a complete collapse of the public shares at the IPO. This is true for all companies going public.


20 posted on 08/19/2012 4:52:20 AM PDT by Vermont Lt (I am NOT from Vermont. I am from MA. And I don't support Romney. Please read before "assuming.")
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To: Cincinatus' Wife

The gravy train’s about to end kids.


21 posted on 08/19/2012 4:53:20 AM PDT by 1010RD (First, Do No Harm)
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To: Cincinatus' Wife

Facebook is a fun distraction. But so isn’t an over 50 softball team. And they ain’t buying tickets to see that either. Neither produce revenues enough to support it.

I bet their business model looks to subscriptions soon. At least for businesses that use them.


22 posted on 08/19/2012 4:56:15 AM PDT by Vermont Lt (I am NOT from Vermont. I am from MA. And I don't support Romney. Please read before "assuming.")
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To: Cincinatus' Wife
....."You won’t find any cubicles in Facebook’s new 150,000 square-foot office in Palo Alto, California. The interior is wide open, with a warehouse look. The design firm Studio o+a consulted employees to find out their expectations about the work environment and what they desired their space to look like. This led to many different designs across departments, based on their individual needs and tastes. Many of the walls were left blank, in order to encourage employees to further customize their space. The overall feel is casual and relaxed, with plenty of areas to unwind away from a computer."..... [Sept 2009]

I worked for Digital Equipment Corp. When the group I was in built a new facility we had weekly "Quality of Worklife" meetings to design the new office areas. Within 10 years DEC was swirling in the toilet. Not that there's any real comparison but at least DEC made something, not some flash-in-the-pan social software.

23 posted on 08/19/2012 4:58:31 AM PDT by NewHampshireDuo
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To: Cincinatus' Wife
And?

Doesn't anyone remember the Dot.Com bust?

There numerous start up companies went through the IPO process and millions of dollars were generated on future business development. And, much like facebook, their owners and employees became millionaires overnight. Those who were able to get out earily made money. Those who rode the stock down didn't.

There is a difference between some dot.com companies. Some actually produced a marketable product that others used and still use to make more money. Facebook on the other hand produces nothing but “buzz” and who will still want to actively discuss 2012 buzz in 2022?

24 posted on 08/19/2012 5:41:13 AM PDT by Nip (TANSTAAFL and BOHICA)
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To: Nip

And facebook continues to persist in forcing Timeline on its users. No one likes Timeline. My teenage nieces and nephews and my twenty-something children all abhor it.

Zuckerberg picked a bad time to force an obnoxious change on the FB users. Ooopsie.


25 posted on 08/19/2012 5:57:17 AM PDT by Josa
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To: Cincinatus' Wife

Start with nothing, add one. multiply it by 100. divide by 2 and you still have more than you started with.

what is the bitch?


26 posted on 08/19/2012 6:04:58 AM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: OldRanchHand

Thanks for the info.


27 posted on 08/19/2012 6:13:30 AM PDT by packrat35 (Admit it! We are almost ready to be called a police state!)
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To: dennisw
"What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs"

FB admitted as much in a filing prior to the IPO, and then doubled-down Bobo-style by simultaneously raising the IPO issue price...

This whole imbroglio will become a textbook example of how to not just get away with malfeasance, but cash in on it -- pity Zuckerturd's generation simply doesn't care.

28 posted on 08/19/2012 6:18:07 AM PDT by StAnDeliver ("So, a Mormon and a Catholic walk onto an aircraft carrier...")
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To: dennisw

“Facebook ads were already showing up on the desktop before Facebook in February announced that it would display premium ads and Sponsored Stories, or posts that have been paid for by advertisers, on mobile news feeds, and on the desktop log-out page. By the end of June, sponsored stories were generating $1 million per day in revenue.”

http://www.pcmag.com/article2/0,2817,2408208,00.asp


29 posted on 08/19/2012 6:41:16 AM PDT by free me (Roberts killed America)
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To: Josa

I have a facebook account that I use for business purposes and not that much. Facebook made sense until that put in that stupid timeline format which seems very dumbed down. Timeline is them sabotaging themselves


30 posted on 08/19/2012 7:30:12 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: StAnDeliver
"What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs"

FB admitted as much in a filing prior to the IPO, and then doubled-down Bobo-style by simultaneously raising the IPO issue price...

You are right but everyone (IPO touts and investors) pretty much glossed over this facebook problem with mobile devices. Facebook can go down some more because in the next four months early investors and insiders will be allowed to sell their shares that were legally on hold as part of the IPO

31 posted on 08/19/2012 7:35:29 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: Cincinatus' Wife

King Obama says he wants to bail out every company like he did G.M. Facebook looks like a good place to start.

Anyone with half a brain knew this stock would tank.


32 posted on 08/19/2012 7:58:11 AM PDT by Newbomb Turk (Hey Newbomb, where's your brothers ElCamino ?)
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To: Cincinatus' Wife

FB. where having a job means playing hard and working harder .. for little in return. The valley is full of empty buildings waiting for the next phenom.


33 posted on 08/19/2012 8:38:28 AM PDT by NormsRevenge (Semper Fi)
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To: Cincinatus' Wife
House of Cards Pictures, Images and Photos
34 posted on 08/19/2012 9:32:29 AM PDT by Morgana (-----------> Eat at Chick-Fil-A <-----------)
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To: Cincinatus' Wife; Revolting cat!; Slings and Arrows

“They have nothing to complain about. They didn’t make that.” - Barack H. Obama


35 posted on 08/19/2012 10:22:18 AM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: Cincinatus' Wife

Facebook operates on private cash.

The Green Gravytrain is fed by public tax dollars and 501c3 organizations for profit and political power.


36 posted on 08/19/2012 10:26:49 AM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: OldRanchHand

Funny how the higherups didn’t have such a block, including the expat who gave up his American citizenship.

I’ve been stuck with worthless stock gifted to me by Compaq when they knew it would never be profitable prior to the corporate wide layoff. Never had a valid window to exercise my options in.


37 posted on 08/19/2012 10:28:50 AM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: dennisw

If Facebook is sold to Newscorp, they can expect a liberal boycott as they did when they left Myspace.

The “cool kids” can/will move again some day, some time. This stock won’t have a 20 year growth.


38 posted on 08/19/2012 10:32:00 AM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: dennisw

If Facebook is sold to Newscorp, they can expect a liberal boycott as they did when they left Myspace.

The “cool kids” can/will move again some day, some time. This stock won’t have a 20 year growth.


39 posted on 08/19/2012 10:32:00 AM PDT by a fool in paradise (Only Obama put a dog on the roof of his mouth. Dogs are friends, not food.)
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To: Cincinatus' Wife
FacebookBlues-2-1
40 posted on 08/19/2012 10:44:40 AM PDT by SamAdams76
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