Posted on 05/22/2012 7:35:57 AM PDT by AngelesCrestHighway
Facebook just joined a “troubled club,” warns the Economist. Now it’s just another “endangered public company.”
Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 the past decade. Meanwhile, the smart CEOs and the Super Rich are “going private,” to avoid government red tape restricting capitalism.
Reuters Over at BusinessWeek they’re warning investors that the growing number of “cutesy mascots” is a dangerous reminder “of the dot-com boom’s irrational exuberance.” They’re also red flagging new reports that “more Chinese investors are betting on U.S. start-ups.” And feeding the flames.
What’s going on? Facebook’s in trouble, that’s what. Now in the crosshairs of public scrutiny, everybody’s taking potshots. And the warnings are just beginning:
(Excerpt) Read more at marketwatch.com ...
Wall Street’s term for retail investors is ‘dumb money’.
Does anyone really care about Facebook’s finances except those who got suckered this week. The “owner” and his insiders got their money plus. At least they’re happy.
I’m glad I missed that boat...
I guess Mark Suckerberg is crying all the way to the bank..............
Exactly! How stupid did you have to be to buy Facebook shares on the day of the IPO? Who didn’t know the price would be inflated?
Wall Street will never change. Sounding like the old pump and dump routine to me...
I agree. I don’t care but it’s buyer beware...
...Yes folks, Facebook is that dangerous to our economy and to the global economy.
Oh, Bull$4!!. Obozo is far more dangerous. Indeed, a President with even a basic understanding of Econ 101 could turn this whole economic engine around in a heartbeat. (Gees, almost any of us could take a four year nap and do a better job of running the country.) If stupid is reelected (I'd worry about that NC teacher reading this, but I'm not sure she can read), I pray for this Republic.
Tulip bulb prices got run WAY UP before they crashed. Facebook never got that chance...
who knows...$44 dollars a share may have been way up...we shall see
...Yes folks, Facebook is that dangerous to our economy and to the global economy.
Oh, Bull$4!!. Obozo is far more dangerous. Indeed, a President with even a basic understanding of Econ 101 could turn this whole economic engine around in a heartbeat. (Gees, almost any of us could take a four year nap and do a better job of running the country.) If stupid is reelected (I'd worry about that NC teacher reading this, but I'm not sure she can read), I pray for this Republic.
Agree with your post.
Surprise, surprise. Facebook makes no money and someone pays $45.00 a share to say they own Facebook.
Today Facebook drops to $30.00 a share and that person who paid 45 bucks just got a major league haircut.
Fools are still being born every minute.
Sorry for the double-post.
Let's just hope that Morgan Stanley (the underwriter for the IPO) doesn't need a bailout!
Ditto...
Often stocks are valued by popularity, as if they were in a voting machine.
Later, reality sets in, and the value is based on earnings; a weighing machine.
The wizard of Omaha, Warren Buffet said this.
Facebook is makeing the transition. A little quicker than usual.
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