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Facebook IPO watch.

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chris9641 said:
Guess we have a difference in the word beautiful... uninformed people were manipulated. I see what you're saying, it was an easy read, but don't you think that seeing that as beautiful you're rewarding the behavior that caused the IPO.
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Right, well uninformed people with money deserve to be manipulated if they don't do their research or even stop to think about what they are doing. I've met some billionaire/millionaire investor types that are stupid as hell yet find some way to make money just by dumb luck. These type of IPO deals weed out the pros who actually think before they act and those who just follow the news like sheeple. I stopped and thought it might be nice to jump on the facebook IPO bandwagon even though I've never been in stocks before, but I did some research on that $100 billion figure wall street was throwing around and found it to be absolutely ludicrous.

I'm in no way rewarding it, just saying it's funny to see people put so much money into shit like facebook and not even stop to think twice about it. The absolute first thing I did when I heard the $100 billion figure was to look up why facebook would even be worth that much money. That alone is like some HUGE red flag waving straight in front of your face.
 
nboy22 said:
These type of IPO deals weed out the pros who actually think before they act and those who just follow the news like sheeple. I stopped and thought it might be nice to jump on the facebook IPO bandwagon even though I've never been in stocks before, but I did some research on that $100 billion figure wall street was throwing around and found it to be absolutely ludicrous.
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If those sheeple actually followed the news, they would have seen the dozens of "FB overpriced, P/E of 100/1, greater than Google, Microsoft, Apple, and Exxon Mobil - also with market cap higher than some other well established companies.
 
SketchMaster said:
First, they did their own analytics and found that 80% of the clicks Facebook was charging them for were from automated "bots."

Second, the company changed their name. They requested that Facebook change the company name on the business page. But Facebook told them (allegedly) that in order to change their name on Facebook, they would have to spend $2,000 more per month on advertising.
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Gotta please the shareholders now... hope others start follow suit and start testing their ad clicks.
 
IHateMyJob2004 said:
I feel sad for people with 401Ks that bought Facebook and those poor people unknowingly own the stock now. Pretty much the same goes for people with Mutual Funds.

This is why Wall Street is shit. They screw the average working person.
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I warned a lot of people on my facebook against buying FB stock... sadly they didn't listen and I see their status update rants here and there...D:


Rudee said:
The tax loss selling of Facebook shares at the end of the year is going to be epic. Will be sub $15 by then.
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When FB insiders/employees can finally unload their shares + September/October Effect = not fun for FB...
 
nboy22 said:
Because it isn't worth nearly as much as these investors were speculating. It's a beautiful thing to watch people lose money over such an obviously horrible investment. At the rate they were going and valuing the company at 100 billion with the IPO they would have to exist for another 99 years for it to even out and actually be worth it. There's no way in hell they are going to increase their profits that much, and even if they did increase their profits to 3x as much (3 billion/year) they would still have to exist for like 33.3 years for it to make sense.

Just look how fast myspace died. Granted facebook has more of a market stronghold, I think they are at their pinnacle right now, or very very close.
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Yep, basically this.

FB has been running on too much hype for a very long time and I want to see the company taken down a peg or two so that their pervasive nature, partnering with sites all over the net, is questioned. I don't like Zuckerberg as a person and I hate how FB has contributed to the demise of privacy online, though most of this is the fault of people who do not care/know why they should care.

I see the hype of companies like Facebook, Linkedin (valued as a $10B company, are you fvcking serious?!?!), Groupon getting way too much attention and I don't think the rest of us are benefiting by giving so much attention where it's frankly not warranted. FB is a powerful site, but many totally lost perspective. Valuing it where it was was absurd. Even now it is overpriced, it's probably a fair buy at $10-15.
 
Imp said:
Breaking News: 83 million FB accounts may be "questionable".

http://www.theglobeandmail.com/tech...million-questionable-accounts/article4457596/

I woulda thought it'd be higher, but the source is FB itself, so...
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How is this news? Are people that stupid and clueless? Oh wait...

Personally, I want to see some people burn for all the little people who were conned into the whole IPO thing. Wall Street IS what's wrong with this country. There was a scam at work here -- those people aren't THAT stupid that they would "think" it's worth as much as they claimed. These people do this stuff everyday. It was a scam from the start so the top people could money grab.
 
At what point is FB worth owning? I put in buy order at $15 thinking there is no chance it will ever get there but I'm starting to think that was too high...
 
Corporate Thug said:
At what point is FB worth owning? I put in buy order at $15 thinking there is no chance it will ever get there but I'm starting to think that was too high...
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The problem with a site like this as a "money maker" is that people are fickle. It only takes the next great social network for everyone to migrate to it and FB be a ghost town, just like Myspace.
 
ImpulsE69 said:
The problem with a site like this as a "money maker" is that people are fickle. It only takes the next great social network for everyone to migrate to it and FB be a ghost town, just like Myspace.
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well, in FB's defense, I think it's gained much better and longer traction than myspace. Also, there does not seem to be a true competitor in this arena. I don't know how well G+ is doing, but only a handful of my friends are using it.
 
ImpulsE69 said:
The problem with a site like this as a "money maker" is that people are fickle. It only takes the next great social network for everyone to migrate to it and FB be a ghost town, just like Myspace.
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I am detecting a vibe that people are losing interest in using FB. The Farmville fanatics seem to be growing disinterested in it. And the people who post photos of everything they do are getting tired of it also. I guess that stuff can only hold your interest for so long before it becomes meh.
 
kranky said:
I am detecting a vibe that people are losing interest in using FB. The Farmville fanatics seem to be growing disinterested in it. And the people who post photos of everything they do are getting tired of it also. I guess that stuff can only hold your interest for so long before it becomes meh.
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No one in my friends list is playing Farmville. They got over it long time back. There was an article somewhere that said the new time line feature is going to be the beginning of the end of Facebook as it is not intuitive and does not encourage users to play games and so on. Personally, I've observed the correlation. As soon as they launched time line I just stopped seeing what games my friends were into.. it was refreshing to see that, but I don't think Facebook is going to make much money over it.
 
nboy22 said:
Right, well uninformed people with money deserve to be manipulated if they don't do their research or even stop to think about what they are doing. I've met some billionaire/millionaire investor types that are stupid as hell yet find some way to make money just by dumb luck. These type of IPO deals weed out the pros who actually think before they act and those who just follow the news like sheeple. I stopped and thought it might be nice to jump on the facebook IPO bandwagon even though I've never been in stocks before, but I did some research on that $100 billion figure wall street was throwing around and found it to be absolutely ludicrous.

I'm in no way rewarding it, just saying it's funny to see people put so much money into shit like facebook and not even stop to think twice about it. The absolute first thing I did when I heard the $100 billion figure was to look up why facebook would even be worth that much money. That alone is like some HUGE red flag waving straight in front of your face.
Click to expand...

Imp said:
If those sheeple actually followed the news, they would have seen the dozens of "FB overpriced, P/E of 100/1, greater than Google, Microsoft, Apple, and Exxon Mobil - also with market cap higher than some other well established companies.
Click to expand...


I had/have been following a few different "potential IPO" candidates, hoping for one that seemed like a great buy for both short-term and long-term gains. I had a short while where I was following the market and making a few trades on big-risks that, with the right timing, I could take advantage and make gains. With a risk style like that, it's obvious you win some and lose some. Overall I came away from that time in my life with an overall gain but lost much of the original gains, and the biggest gainer I could have had nearly a 10x gain but walked away with 4x due to bad exit timing.

But while I was interested in FB, as soon as the original IPO price was announced, and I read through the hype, I was like "NOPE!"
Then the last-minute adjustment where it was raised even more? "OH HELL NO!"

I still highly dislike facebook (barely touch mine - it's useful, but the company is all kinds of retarded), but in time I'll probably grab some shares when the price comes down (which it certainly will). I think it still has long-term prospects, if the company handles things right, but they are still too volatile for what I'm looking for.
 
Creeping Facebook profiles on a Saturday evening with your pants around your ankles and a can of Red Bull in your (other) hand isn't the same anymore since the hot chicks started discovering how to block their photo albums via the privacy settings. 😉
 
FB will ALWAYS be at risk of turning into a myspace overnight. It is nothing but a brand at this point, and one that a lot of people don't like.

The bulk of people on FB do not use its apps, games, etc. they are simply using it to maintain a convenient contact point and picture/status delivery mechanism to those they know. There isn't a small software shop in the country that couldn't come up with the same basic application in a few months, certainly the meat of it, minus the crap only a minority of people use (though they disproportionately make money for FB--most of us never make it a penny).

FB grew on a dime and its success could turn on it, too. It's done so well only because it was the first major social network to gain traction and this is a self-feeding mechanism. It also protects against competition effectively, because a person cannot move to something else unless all their friends do (don't believe me ask Google who have learned this first hand a few times now). Nonetheless, if the momentum slows and reverses it will never return (ask Myspace).
 
abaez said:
Down below $20! How low will it go?! I'm thinking somewhere around $12.
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Based on the fiancnials only, that's what I figure. I don't knwo what Facebook plans to do for growth though other than the phone that HTC is making for them for 2013 release.

Who wants a Facebook bradned smart phone though? Should be the first nail in their coffin.
 
IHateMyJob2004 said:
Based on the fiancnials only, that's what I figure. I don't knwo what Facebook plans to do for growth though other than the phone that HTC is making for them for 2013 release.

Who wants a Facebook bradned smart phone though? Should be the first nail in their coffin.
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Seriously... I wonder what the expectation is for a Facebook branded phone.

"Oh, I'm gonna get me a Facebook phone so I can get onto Facebook and sent messages and check pictures.... because my iPhone and any other smartphone can't do that..."

Huh?
 
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