Facebook IPO watch.

[Imp]

One thing that really trips people up is the "1 billion" user account number, which we all know is bogus.

I have 2 accounts. I don't really use either. One was my initial stalker account I now use to "verify my privacy" with my real account. My real account I logged in once in the last 1.5 years.

And the free fall continues!

http://data.cnbc.com/quotes/fb

At least it's coming back some from the -20% earlier.

Broker says it started trading today at $31.60. Kinda moved up... Now only down 4.9%.

 

[DrPizza]

I watched it for a little while & it seems to be going slowly up. Thinking that it's going to drop to $15 overnight is just wishful speculation by people who hate Facebook. It'll take a bit of time before it really drops to that kind of a low.

 

[Iron Woode]

I knew the stock would eventually tank. I wonder how Bono is taking the news?

 

[kevman]

I had an incorrectly filled order at 41 reversed today. Thank god.

 

[Eug]

I knew the stock would eventually tank. I wonder how Bono is taking the news?

He's probably overjoyed. His investment firm invested 90 million 3 years ago and now after the drop that firm's share is still worth well OVER ONE BILLION. Regardless of what his share is, he still made over a 1000% return.

BTW, at current share prices, I still think FB is grossly overvalued.

 

[Dr. Detroit]

We will see $24 - $26 relatively quickly - but don't see it going down much further.

900M accounts are great, has FB told us what the 30-day or 90-day unique visitors are? Or how fast they are adding new member's - per month or quarter?

Mobile monetizetion is what they have to prove to the street.

 

[theeedude]

We will see $24 - $26 relatively quickly - but don't see it going down much further.

900M accounts are great, has FB told us what the 30-day or 90-day unique visitors are? Or how fast they are adding new member's - per month or quarter?

Mobile monetizetion is what they have to prove to the street.

They have to prove desktop monetization too. The one they have now does not justify their present valuation.

 

[alent1234]

We will see $24 - $26 relatively quickly - but don't see it going down much further.

900M accounts are great, has FB told us what the 30-day or 90-day unique visitors are? Or how fast they are adding new member's - per month or quarter?

Mobile monetizetion is what they have to prove to the street.

the S-1 said somewhere in the range of 500 million unique visitors per day. forgot the exact number

 

[Nintendesert]

the S-1 said somewhere in the range of 500 million unique visitors per day. forgot the exact number

We need to get your forum title changed to "Facebook Champion"

:thumbsup:

 

[conehead433]

I had an incorrectly filled order at 41 reversed today. Thank god.

Good for you. But if you were committed to buying this stock at it's current lofty valuation (even at $32) maybe you should let a professional do your trading, or not be in the market at all.

 

[dagamer34]

Good for you. But if you were committed to buying this stock at it's current lofty valuation (even at $32) maybe you should let a professional do your trading, or not be in the market at all.

Hey, if he wants to play around with his money, let him. Someone has to be the sucker who bought at $45.

 

[rcpratt]

I had an incorrectly filled order at 41 reversed today. Thank god.

I'm still waiting on mine at $42 to be cancelled. What broker?

 

[alent1234]

forget facebook, groupon is the stock to be in

 

[13Gigatons]

FacePlant now $30.98, Zuckenberg is laughing at you all.

 

[basslover1]

Call me when it drops below $10/share, then I'll buy.

 

[sactoking]

http://finance.yahoo.com/blogs/dail...ebook-revenue-estimates-middle-133648905.html

Huh, now looks like there could have been fraud during the FB IPO. Apparently FB issued a last-minute IPO prospectus which caused all three underwriters to adjust their Q2 earnings estimates downward, but the underwriters then failed to disclose the downgrade to all clients. Instead, Goldman, JP Morgan, and Morgan Stanley only told a select few institutional investors of the downgrade.

 

[mugs]

FacePlant now $30.98, Zuckenberg is laughing at you all.

Isn't he the largest shareholder?

 

[SunnyD]

Isn't he the largest shareholder?

Yeah, but when you're essentially printing your own money, what's a few dollars/share?

 

[sactoking]

Isn't he the largest shareholder?

Zuckerberg doesn't give a rat's ass about stock price or the other shareholders. He only retains 18% of the shares but since they're "Class B" shares and the stuff you're buying on the open market is "Class A" shares, he still retains ~60% of the voting stock in the company.

In other words, he sold 40% of the company while telling you he was selling 80%.

 

[Arachnotronic]

Facebook is the ultimate scam. Zuckerberg and co must be laughing their asses off that some project they made while they were snot nosed punks at Harvard ever saw a $104B market cap. It's even funnier when a bunch of people were hailing him to be the next Steve Jobs, Bill Gates, etc.

Look, just because the dude went to IPO roadshows in a hoodie and is young doesn't mean that he's some amazing businessman whose company is worth $104B. I laugh even harder at the idiots who thought it'd double to be worth a whopping $208B on opening day...

 

[The-Noid]

Zuckerberg doesn't give a rat's ass about stock price or the other shareholders. He only retains 18% of the shares but since they're "Class A" shares and the stuff you're buying on the open market is "Class B" shares, he still retains ~60% of the voting stock in the company.

In other words, he sold 40% of the company while telling you he was selling 80%.

You may want to the revise this.

http://www.sec.gov/Archives/edgar/data/1326801/000119312512235588/d287954ds1a.htm

Class A's were offered.

 

[sactoking]

You may want to the revise this.

http://www.sec.gov/Archives/edgar/data/1326801/000119312512235588/d287954ds1a.htm

Class A's were offered.

My bad, got them backward. The point is still the same though.

 

[Rudee]

Call me when it drops below $10/share, then I'll buy.

Wait 12 months, you may have a good chance of getting it at that price.

 

[ultimatebob]

Wait 12 months, you may have a good chance of getting it at that price.

Sadly, $8 a share is about the right price for the stock right now, given it's earnings and slowing growth rate. That puts it at a more reasonable P/E ratio of around 26.

I'm still stunned that it didn't spike higher before dropping in value, though. Tech investors in 2012 seem smarter than they were in 1999.

 

[kevman]

I'm still waiting on mine at $42 to be cancelled. What broker?

Fidelity. I actually cancelled a limit order at 41 and it was verified cancelled at around 12:02PM on Friday, and the at 5PM I got a notice that it was executed. It was a legitmate fuckup on their part.