Posted on 05/18/2012 9:00:27 AM PDT by C19fan
Well, the deed is done. Facebook, which priced its IPO at $38 a share, opened for trading this morning at $42.05, 10.7% above the IPO price. Subsequent trades have been lower, and has been slipping from there; the stock is hanging tight at the $38 offering price.
(Excerpt) Read more at forbes.com ...
Insiders are selling.
What does that tell you ?
It’s junk! Just an app with advertising
I want my billion now!
Glad I didn’t lose any sleep over it.
Just the wrong time to enter the market with a product that may or may not have a future.
“Line up suckers, got some Facebook shares here for ya...and how about some of this prime Georgia swampland? Get it while it’s hot”
It has a future, just no potential for GROWTH.
Look at this crap! Yahoo Finance has replaced the DOW chart with Facebook!
That we think alike. Gee, I have $100 Million in my hand now - or I can sit on it and 'maybe' have $200 Million next year,or it could pull a "MySpace" and drop to $10 Million or less.
I want my $100 Million right NOW!
haha, you zuck, zuckerberg.
And when some other hip entrepreneur comes up with an even-hipper name for a site devoted to “my self-absorbed pointless life,” Facebook will be relegated to the status of MySpace and the rest. Unless you already own shares of this, you’d have to be an idiot to buy any.
I know it is an IPO, but a P/E of 91.15 (!) and of course no dividend?
....Running fast in the opposite direction.....
I think this def will hit over $100 once the initial jitters die down. It will do a Google and shoot up, the guy has just an incredible amount of subscribers for it not to. If had the nuts I would buy now but don’t take my word for it. I hate buying stocks because you never know, I bought Google at $100 7 or 8 years ago when it went IPO and sold at $110 and next thing I know it was pushing $600 which would have been a house paid in cash if I held, but I never would have, you gotta have balls of steel for that sh#t. I bought at $100 1000 shares half cash half margin and then the thing immediately dropped to 90 and I almost puked my guts up then it went up to $100 the next day or something then $110 and I was outta there. I think that was the most I ever invested in one stock, freakin crazy.
That said, the stock is certainly overvalued - at least until Facebook proves it can effectively monetize all that free personal information its users have given it without angering a significant percentage of them and driving them away.
That said, the stock is certainly overvalued - at least until Facebook proves it can effectively monetize all that free personal information its users have given it without angering a significant percentage of them and driving them away.
business media hypsters equate the facebook IPO with the “great American opportunity”.
It’s really an example of the timeless tradition of “scam”.
Do a little homework.
zberg, very early on, had a big problem. emails came out where he made fun of users who were stupid enough to put their personal information into facebook. zberg ridiculed them.
The emails were disappeared, the whole story was “disappeared” out of the business media, since big finance underwriters were drooling on themselves smelling a future IPO.
zberg and the management have made statements to the effect that in order to fulfill expectations, facebook will have to come up with a new business model - which they have not conceived of at this point.
All these stories have been out on the internet from the beginning.
Big news media and big finance are just hyping away so rubes will buy private equities shares and the underwriters shares so they can make a profit.
Publicly-held stocks are a casino, not an investment.
Hyped IPO’s are a casino game with some very long odds - especially if the investor does not do their homework and understand the fundamentals of the marketplace of the business they are investing in. I would no sooner invest in facebook than in a company that made iceboxes.
The hula hoop had the mindshare of adults and kids alike. All of that rightly comes to an end sometime. When people realize that a connection with Facebook will cause some loss of their freedom and privacy, they will suffer the backlash.
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