"See, I told you so."
Posted on 05/22/2012 9:45:15 AM PDT by AngelesCrestHighway
NEW YORK (MarketWatch) — Facebook’s much-hyped initial public offering started out with lots of hope, but it ended Friday with a thud. The stock barely closed above the offering price of $38 a share — and only after the underwriters reportedly bought up enough stock to keep it in the plus column. And Monday it opened with an 8% decline.
Why? There are four reasons:
(Excerpt) Read more at marketwatch.com ...
Kinda looks that way. All that damn hype told me that!
"See, I told you so."
Short of the century.
What is the revenue model? Profits?
Facebook is a website. If Facebook is worth billions, we should all be millionaires here on FR.
The banisters have done it again. What a fraud. Reminds me of AOL.
Sorry, banksters
If you are not already in, it is better to stay out.
What capital needs does Facebook have?
1) Most Facebook patrons are liberals
2) Most Facebook patrons are socialists
3) Most Facebook patrons are progressives
4) Most Facebook patrons are communists
Conservatives are only there trolling for intel on liberals.
That's kind of what I was wondering. As this thing kept unfolding, I thought of the principals as these two spiders:
And to elaborate... an IPO is issued because the company owners -- the ones with the most info about it -- believe it is the best time to sell, and have determined what they think is a fair selling price. Unless you're buying and holding for the longer term, there's no real expectation that the stock will appreciate significantly from the IPO price, except for initial hype. Unless you think the company owners (and their financial advisers) are flat-out wrong in their assessment of the company's value.
I would have just said
1. facebook sucks
really need three other reasons?
I don’t think so. I use FB to stayin touch with friends literally across the globe. I suspect the proportions are about the same as with the world at large.
P/E Walmart, ATT, Coke, Pepsi about 15-20
FaceBook P/E 75
place your bets
Ready to call it a popped bubble yet?
If Facebook filed Chapter 7 tomorrow what would their creditors be able to claim?
A few million dollars worth of used Cisco hardware and some intellectual property. That’s about it.
The game is rigged.
Might be worth more money if guffus would install the not like button...lol
1. People are stupid.
2. People are greedy.
3. The smart take from the stupid and greedy.
I explained it in only 3 reasons.
Reasons NOT TO buy Facebook stock at $38:
1. Has no profit to support that investment.
2. Has no conceivable way to generate #1 in the future.
3. As a fickle social networking site, it might disappear completely within 5 years, if/when another popular rage replaces it, i.e. Apple introduces a must have tablet with proprietary networking.
4. Its a leftist company
Mine was the bumper sticker version.
;)
650-543-4800
Ain't AutoCorrect grand??
I’m on FB and I don’t fit any of those categories. I have many conversations with relatives who I would have lost touch with had it not been for FB. I have a cousin who now lives in New Zealand and she and I now keep in touch regularly through FB. I also get to see tons of photos of my grandchildren, especially the ones who live out of town. I love it. In fact most all my friends and relatives are on the same page with me politically.
Are you on FB?
Compuserve, AOL, Genie, Myspace, Facebook.
Bunch of online communities have come and go. There will surely me more to come - one that offers even more than all the previous ones.
I’m not on FB, although my husband is considering a business page,and I have a serious question:
What can you do on FB that you all could not do on email, which would remain private without making sure you clicked all the right boxes and, in addition would not open you up to having your web surfing tracked?
I can keep in touch with a of people who, by posting on FB, I have an immediate link with. I would not have had access to these people’s e-mails, such as old classmates, long distance relatives, etc. Also, you can post a bit of information on FB that your friends and relatives can see at once instead of having to send out a huge e-mailor several e-mails. There are also games you can play with several of your friends that are a lot of fun. Right now I have 53 friends, including a cousin who I have not spoken to in a few years. We just lost touch. She joined FB and by doing so, she and I got together again, as well as her only child who is now a grown man. People post funny things, news articles, pictures, recipes, you name it. If I have something private to say to someone, I can send them a private message that only they can see. I would be devastated if FB was to suddenly go away and I would lose contact with all the people that I now have access to.
As far as all the problems I read about, it seems mostly it’s the fault of the FB user if they get fired, divorced, or whatever. If you’re having an affair, for instance, you shouldn’t advertise it on FB. Also, I do not post that I am going to be out of town before I leave on a trip. I will talk about it and post pictures when I come home, but I don’t advertise that I will be away.
Well, I can do all that with an email list and, in fact, do so all the time. Unless people are constantly on line w/mobile access, notification of a family event/emergency is best done via phone. I had to do that in 2010. I’ve been notified via email from someone’s phone when they had an emergency, too. Pics can be emailed, too. My friends who use FB use it to keep up w/their kids and otherwise tell us they are already bored with it. Others admit to using their child’s account to check up on people they do not want contact with, but still want to know _about_. IOW, snooping. I even have heard someone can be on FB and disable the *friends* function so they cannot be contacted or found thru search unless they initiate it. They put up some general info to satisfy others, but otherwise stay private, only available to those who know other family members and so, can find them from someone else’s friend list.
We are not game players and have no time for that, altho my husband plays some form of solitaire sometimes between appointments.
Glad some like it. It just isn’t for us. DH is looking for a way to switch solely to his cell for business and is thinking of using FB & a website to keep his clients informed. This is mainly because the charges for a simple Yellow Pages ad are too high and you need a phone company account to get in the phone book.
I can understand why some people don’t want to go on FB. This is America and we all have our personal preferences. To me, e-mailing is more time consuming, and the visual isn’t as interesting. If I just relied on e-mails, I would have never known how to start making contacts with my long lost relatives and classmates. I just love it and would hate to see it go away.
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