Am I one of the few who enjoy watching it fall and cheering for it?
Actually, somebody bought at $45.
it appears they’ve found the “Don’t Like” button
It will probably continue to drop as more and more people continue to back off from joining socialist networking sites.
Gov. Moonbeam was counting on 1.9 billion in taxes from Facebook to balance the CA budget. Ooops....
Maybe “Big-Bother-Cam” is an epic failure after all? The Germans and the Irish think so...
Regards,
GtG
I guess the “lock up” ended and insiders are now allowed to sell — and probably are selling given the price action. I’m sure the insiders are still raking in millions, but not as many as envisioned just months ago.
Farcebook, like AOL, will be acquired and then disappear into never, never land.
Facebook is evil and is receiving its just reward.
How much is Soros going to make and how much is founder of Facebook going to make and which congress criiters will make a lot of dough in their on stock market?
How to value a stock in one easy lesson:
1. What are the projected earnings per share for 2012 and 2013?
About .49 2012, .63 2013.
2. Is this company likely to grow substantially, become 2, 3, or 5 times as big?
No, the number of users accounts is very high already.
3. Is there an easy way they could increase profits at their existing level of business?
More ads, but it might annoy the existing users, and is unlikely to attract more.
4. Since profits will not be going up much, how will stockholders benefit from existing cash flow?
Hard to say, dividend unlikely.
5. So what is a suitable multiple for a stock like that?
No more than 15-20 times current-year earnings, or $7.50-10 a share....at the most.
Today was the first lockup expiration date on the stock. There are apparently several more. 22 million shares were freed up to be sold today leading to the price tanking.
Their interface has gotten so cludgy and non-intuitive, it’s almost unusable.