Skip to comments.Jim Cramer Many people do not even have their orders filled..$FB a giant fiasco and a hidden one..
Posted on 05/19/2012 8:03:59 PM PDT by SMGFan
Jim Cramer Tweeting and requesting tweets about possible problem with NASDAQ Facebbok
(Excerpt) Read more at twitter.com ...
Wouldn’t surprise me that the Treasury Dept has purchased Facebook stock.
A huge FB IPO was supposed to convince us that the whole economy is recovering.
Too big to fail. Obamma will save Fakebook and his big donors. Bailout coming.
I’m sure Nancy Pelosi got in on the IPO as a member of Congress...
so , am I correct that Facebook’s plan to earn a larger (?) profit and drive share price above $38 is to be determined?
Is it possible that many sell orders were sold in order to keep it at $38/share when trading ended that day?
I’d expect it to be about $24 by the end of the month.
I am on FB quite a bit and I don’t see how they make money by adds. I barely notice them and would not think of clicking on one.
I just checked. Our order was not filled and apparently cancelled by the broker (hubby said that it was the right procedure). So, we will refigure what to do.
They used to say the markets served to allocate capital for the production of tangible products and as such they served a real purpose for society.
Today the primary mission of the capital markets is still “allocation”, except it is about allocating extraordinarily generous compensation and fees to a group of special insiders in a club that runs a trillion dollar betting casino. Compensation levels have no bearing on the value they create. They just suck it off the top of our economy because they can.
It’s now about making money any which way they can for the financier club; and not for allocating capital to the creation of facilities of production. It’s a gang of insiders who pump, dump and con the public and when they screw up, taxpayers have been put on the hook by a Congress that they own.
As Barack Obama once said “White folk’s greed runs world in need.”
In before the unexpected
The FB IPO is just more proof that P.T. Barnum was right.
I thought the great CNBC Jim Cramer was supposed to warn investors. Clearly I was mistaken. But it could still go up to $50 or more by June 1st?
“I am on FB quite a bit and I dont see how they make money by adds. I barely notice them and would not think of clicking on one.”
Most users rarely click through and advertisers are paying for a venue that will not ever work effectively until they can virtually read your mind. That’s what the ultimate goal has become because then users will click thru on ads because it is what you were thinking.
FB eventually wants to catalog every detail of your life and psyche that eventually will marketeers an ability to analyze your mind and mood. Also they want us lemmings to believe that having one’s mind read by marketeers and government is hip. I personally want no part of it.
You do understand that FACEBOOK is all over the world. They make money so many different ways, not just by ads.
Facebook’s real problem lies with its architecture. Far too many instances of MySQL Far too many.
FB is a fad, and I am tempted to short a stock for the 1st time.
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