Facebook IPO watch.

[Hugo Drax]

Disagree with all of this. The number of users and their activity is number 1 compared to any other site. What will replace FB?

Something out of someone’s dorm room or garage or bedroom. Just like myspace was killed by FB.

Don't expect to see a FB killer coming out of Google,Microsoft etc..

It will come out of left field and no one will expect it.

 

[Hugo Drax]

Hmm... I might want to buy some Dec. 22 $19 puts... But damn, 2.70 premium.

No free lunch LOL.

 

[Doppel]

http://www.bloomberg.com/news/2012-...l-sold-20-1-million-shares-after-lock-up.html

Facebook Inc. (FB) director Peter Thiel sold most of his stake in the operator of the world’s largest social-networking website, bringing his divestment to date to more than $1 billion, after restrictions on insider sales ended.

 

[Imp]

They write about how the guy planned to sell his shares at whatever price before the IPO (the day of?) even happened like a good thing. More like he knew the party was over a long time ago...

 

[Train]

dropped like a rock today, down to $18

 

[OverVolt]

There will be a rebound when Zuckerberg et. al. stop cashing out shares. There is legitimate interest in the company, the price was set way too high.

IMO.

 

[SSSnail]

There will be a rebound when Zuckerberg et. al. stop cashing out shares. There is legitimate interest in the company, the price was set way too high.

IMO.

There will be a second round of restriction lifted early November, which then would add another 1.1 billion shares to the float. Good luck.

 

[Train]

There will be a rebound when Zuckerberg et. al. stop cashing out shares. There is legitimate interest in the company, the price was set way too high.

IMO.

Not with a P/E of 100

Google is at 20, Apple at 15.

100 is just stupid. They will have to pull some serious revenue gains out of their asses to even justify a $10 share price, which is where this stock is heading.

 

[IHateMyJob2004]

Not with a P/E of 100

Google is at 20, Apple at 15.

100 is just stupid. They will have to pull some serious revenue gains out of their asses to even justify a $10 share price, which is where this stock is heading.

Agree 100%. I think it will stabilize at around $12/share myself. I don't really care thought. I don't know what they are doing internally. Hopefully something huge. And no phone is going to save them. Maybe it will be a free ad supported phone though ????

Who knows though. FB is for morons. Their success was a combination of timing, not execution. Right time, right place. 5 years before or after it's creation and no one would have had cared because someone else would have done it.

 

[Doppel]

dropped like a rock today, down to $18

On its way to sub $18 now. The downward momentum has been great fun to watch.

 

[MontyAC]

I might be interested in this if it drops to around $10.