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Facebook Opens At $42.05; Slips From There; Now Unchanged
Forbes ^ | May 18, 2012 | Eric Savitz

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 ...


TOPICS: Business/Economy
KEYWORDS: facebook; ipo
Pop goes the balloon.
1 posted on 05/18/2012 9:00:34 AM PDT by C19fan
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To: C19fan

Insiders are selling.
What does that tell you ?


2 posted on 05/18/2012 9:02:37 AM PDT by Eric in the Ozarks
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To: C19fan

It’s junk! Just an app with advertising


3 posted on 05/18/2012 9:03:20 AM PDT by DarthVader (Politicians govern out of self interest, Statesmen govern for a Vision greater than themselves)
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To: Eric in the Ozarks

I want my billion now!


4 posted on 05/18/2012 9:04:31 AM PDT by C19fan
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To: C19fan

5 posted on 05/18/2012 9:07:32 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: C19fan

Glad I didn’t lose any sleep over it.


6 posted on 05/18/2012 9:08:56 AM PDT by Larry Lucido
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To: C19fan

Just the wrong time to enter the market with a product that may or may not have a future.


7 posted on 05/18/2012 9:10:08 AM PDT by Sacajaweau
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To: C19fan

“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”


8 posted on 05/18/2012 9:11:01 AM PDT by Signalman ( November, 2012-The End of an Error)
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To: Sacajaweau

It has a future, just no potential for GROWTH.


9 posted on 05/18/2012 9:12:51 AM PDT by goseminoles
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To: C19fan
"You say you want to buy some Facebook shares, friend?"


10 posted on 05/18/2012 9:13:56 AM PDT by Signalman ( November, 2012-The End of an Error)
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To: C19fan

Look at this crap! Yahoo Finance has replaced the DOW chart with Facebook!

http://finance.yahoo.com/


11 posted on 05/18/2012 9:14:16 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Eric in the Ozarks
Insiders are selling. What does that tell you ?

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!

12 posted on 05/18/2012 9:15:47 AM PDT by Hodar ( Who needs laws; when this FEELS so right?)
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To: C19fan

haha, you zuck, zuckerberg.


13 posted on 05/18/2012 9:16:14 AM PDT by mamelukesabre
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To: goseminoles

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.


14 posted on 05/18/2012 9:16:59 AM PDT by Gaffer
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To: C19fan

I know it is an IPO, but a P/E of 91.15 (!) and of course no dividend?

....Running fast in the opposite direction.....


15 posted on 05/18/2012 9:17:22 AM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: C19fan

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.


16 posted on 05/18/2012 9:21:05 AM PDT by GrandJediMasterYoda (Some day our schools will teach the difference between "lose" and "loose")
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To: Gaffer
Facebook will be very difficult for any competitor to dislodge - even Google Plus. There are a lot of other online shopping sites out there, for example, but none come close to the breadth and power of Amazon. Facebook has the mind-share.

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.

17 posted on 05/18/2012 9:22:09 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: Gaffer
Facebook will be very difficult for any competitor to dislodge - even Google Plus. There are a lot of other online shopping sites out there, for example, but none come close to the breadth and power of Amazon. Facebook has the mind-share.

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.

18 posted on 05/18/2012 9:22:19 AM PDT by Mr. Jeeves (CTRL-GALT-DELETE)
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To: All

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.


19 posted on 05/18/2012 9:22:38 AM PDT by PieterCasparzen (We have to fix things ourselves.)
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To: Mr. Jeeves

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.


20 posted on 05/18/2012 9:25:43 AM PDT by Gaffer
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To: Eric in the Ozarks

Tells you it’s a non-funding oriented IPO which we already knew. The two reasons to IPO are to get the company money or for the founders to reap their reward, FB has no funding problem.


21 posted on 05/18/2012 9:29:03 AM PDT by discostu (I did it 35 minutes ago)
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To: C19fan

FB was clearly being supported by someone at $38. There has to be a mountain of buy orders sitting at that level (probably by the underwriters) to maintain the market facade. The stock repeatedly bounced at $38 refusing to go below about 45 mins ago or so.

They’re not going to let it slip below the ipo price, at least not early on.


22 posted on 05/18/2012 9:33:36 AM PDT by bereanway
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To: C19fan

Free Republic is my own Facebook — far more interesting material & posters. Shared interests & values — major flaw with these social media websites.

Whereas Disney World is a place for kids run by adults, Facebook is a place for kids run by kids. (Maybe overfeminized — very frivolous; no masculine voice or superego.)While I see the uses for Facebook and its ilk as far as seriously contacting families & friends, the majority of it is useless blather.

And the kind of people it attracts! Someone who keeps posting on my Facebook page I knew from school; she was a notorious attention whore. Kept disrupting the class with her comments & antics. She took to Facebook like a duck to water. The neediest bunch I ever saw.

I absolutely will not buy stock from Facebook, even if it were offered to me on a silver platter. I go on from time to time to check for anything important (e.g. new baby, someone’s surgery), but that’s it.

I feel like defriending everyone by writing “F- you” on the wall.


23 posted on 05/18/2012 9:52:03 AM PDT by MoochPooch (I'm a compassionate cynic.)
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To: MoochPooch

Good analysis.

I would just add my concise renaming of Facebook which I use to chide my daughters about the REAL motivation for 95% of the crap posted there:

Bragbook.


24 posted on 05/18/2012 9:55:50 AM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: bereanway
FB was clearly being supported by someone at $38. There has to be a mountain of buy orders sitting at that level (probably by the underwriters) to maintain the market facade.

We have a winner!!! Check out Drudge mini-headline

CNBC: FACEBOOK touched offering price of $38/share, but did not fall below due to underwriters' coming in to support...

25 posted on 05/18/2012 9:57:12 AM PDT by C19fan
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To: bereanway

If FB fails to post above $38 today it will be a harbinger for a huge pullback in stocks. The Fed and its Banksters will do anything to prevent this.


26 posted on 05/18/2012 10:38:44 AM PDT by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: C19fan

Cancled my account today. Facebook is useless! Free at last!


27 posted on 05/18/2012 10:55:05 AM PDT by Empireoftheatom48 (Let's get the hell rid of Zero)
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To: Empireoftheatom48

Next it’s aloha twitter!


28 posted on 05/18/2012 10:57:22 AM PDT by Empireoftheatom48 (Let's get the hell rid of Zero)
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To: C19fan

If I had the nerve I would have Shorted face book right out of the gate.


29 posted on 05/18/2012 11:41:35 AM PDT by painter (Rebuild The America We love!)
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