Facebook Already Trading Below It's IPO Price

BIGDAY · 05-21-12, 09:22 AM

Fukking losers

pattymayo · 05-21-12, 09:22 AM

amazing how a social networking site is worth $100 billion. I don't even understand how. Through advertisements? Who actually clicks/pays attention to ads on facebook?

elgreco · 05-21-12, 09:22 AM

The retail investors are idiots. Anyone with half a brain knows its currently overvalued. Just can't stand the thought of missing the boat.

ApricotSinner32 · 05-21-12, 09:23 AM

96.57684385867% of human beings are morons why is this suprising?

wantitall4moi · 05-21-12, 09:25 AM

yup I guess the underwriters all took the safety valve off over the weekend. They kept it from dropping below 38 on friday but I guess they saw the handwriting on the wall and ejected.

Stock market is a scam anyway, price fixes and insider trading. They let this shit go on but everyone is scared to let people bet on sports because it might cause perceived inconsistencies.

elgreco · 05-21-12, 09:33 AM

Originally posted by wantitall4moi

Stock market is a scam anyway, price fixes and insider trading. They let this shit go on but everyone is scared to let people bet on sports because it might cause perceived inconsistencies.

At least in this situation. It was such chaos on Friday that people still didn't have their trade confirmations by the time the market closed. IPOs are a time for company owners, underwriters, and hedge funds to get rich. Not the retail public.

k13 · 05-21-12, 09:38 AM

Originally posted by pattymayo

amazing how a social networking site is worth $100 billion. I don't even understand how. Through advertisements? Who actually clicks/pays attention to ads on facebook?

$100 billion is obviously overvalued but if you get enough traffic to any site you'll make money.

You only need lots of hype to create a big IPO. Stock market is just one big scam.

Carseller4 · 05-21-12, 10:06 AM

Original investors will never see a profit. I got bored with facebook a long time ago. Maybe glance at it once every couple of months.

Turd Ferguson · 05-21-12, 10:23 AM

Dear Potential Investor:

For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.

Tomorrow is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?
For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.
Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.
Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.
Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.
One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.

Friend me,
Mark

ttwarrior1 · 05-21-12, 10:29 AM

they make money with all the games

Timeline was one big downfall

If someone went back and made a site that looks like the original facebook, they could make millions

Emily_Haines · 05-21-12, 10:33 AM

I tried telling everyone here that this would happen

Many people got fleeced at the hands of the 1%

TheMoneyShot · 05-21-12, 10:40 AM

You would of had better luck with World Wrestling Entertainment Stock

FreeFall · 05-21-12, 10:46 AM

this isn't a suprise. It was supposed to correct itself rather quickly being a large volume compnay.

d2bets · 05-21-12, 11:05 AM

Apple = $512 bil
Google = $200 bil
Amazon = $98 bil
Ebay = $51 bil
Yahoo = $19 bil
Linkedin = $11 bil
Groupon = $8 bil

Is Facebook really that overvalued now at $72 billion?

bobby heenan · 05-21-12, 11:09 AM

myspace was hot for a minute too....eventually something newer and way more cutting edge will replace fb

thetrinity · 05-21-12, 11:10 AM

neone who paid 38 dollars a share for this gets what they deserve. 33.65 as of right now

Marigold HD · 05-21-12, 11:27 AM

All I can say is that you see many 12-30 year olds on facebook. The group with limited income. People with big money, professionals, etc. You won't see them wasting their time on Facebook. I think of it as a high school kiddie thing. I just don't see them pouring money in for adds and such. IMO

Marigold HD · 05-21-12, 11:31 AM

Also. Markets are in a terrible state right now. That probably doesn't help all stocks regardless.

thetrinity · 05-21-12, 11:33 AM

at what point do you stock experts consider this a buy, if ever?

ChalkyDog · 05-21-12, 11:36 AM

It's going to be hard to trump facebook, unless they come up with a site that is capable of ripping all your info/pictures/etc from facebook. For a lot of families, it is the only way they connect.

Myspace never had that quality.

However, if Facebook wants to jump into the next age of the net, they're going to have to be more mobile oriented, i.e. instagram, etc.

greenhippo · 05-21-12, 11:38 AM

Mid 20's I"m thinking. Still would never touch this stock though.

thetrinity · 05-21-12, 11:42 AM

Originally posted by ChalkyDog

It's going to be hard to trump facebook, unless they come up with a site that is capable of ripping all your info/pictures/etc from facebook. For a lot of families, it is the only way they connect.

Myspace never had that quality.

However, if Facebook wants to jump into the next age of the net, they're going to have to be more mobile oriented, i.e. instagram, etc.

zuckeberg recently bought instagram i think

thetrinity · 05-21-12, 11:42 AM

Originally posted by greenhippo

Mid 20's I"m thinking. Still would never touch this stock though.

sounds like the titanic to me 2

tony_come · 05-21-12, 11:55 AM

Ppl dont learn

mega bucks slot machines

thats facebook

bobby heenan · 05-21-12, 11:58 AM

Originally posted by ChalkyDog

It's going to be hard to trump facebook, unless they come up with a site that is capable of ripping all your info/pictures/etc from facebook. For a lot of families, it is the only way they connect.

Myspace never had that quality.

However, if Facebook wants to jump into the next age of the net, they're going to have to be more mobile oriented, i.e. instagram, etc.

i understand what you are saying...and that kid zuckerberger is a fuckin genius...and they are going to try and acquire anything that is hot and that is relevant to their business(ie instagram)......

but i still think at some point its not something that the public cant go without...technology will progress and something more cutting edge will replace the way we connect

ChalkyDog · 05-21-12, 12:02 PM

Originally posted by bobby heenan

i understand what you are saying...and that kid zuckerberger is a fuckin genius...and they are going to try and acquire anything that is hot and that is relevant to their business(ie instagram)......

but i still think at some point its not something that the public cant go without...technology will progress and something more cutting edge will replace the way we connect

I hope so, I'd rather log off facebook for good.

Br0nxer · 05-21-12, 12:03 PM

Originally posted by ApricotSinner32

96.57684385867% of human beings are morons why is this suprising?

Says the guy that rounds up shopping carts at the local krogers for 4.85 an hour

Cant make this shit up

greenhippo · 05-21-12, 12:04 PM

From my perspective, they need to get into a marketplace. Buying and selling things through FB seems like a logical next step. Need to acquire or develop their own Paypal and allow for money transfer so people can start buying and selling goods strictly though FB.

$ from advertisements and shit games alone won't keep them afloat.

Dutch · 05-21-12, 12:04 PM

Originally posted by Emily_Haines

Many idiots let themselves get fleeced at the hands of the 1%.

Fixed.

This was easy to see.

http://forum.sbrforum.com/saloon/1724810-facebook-hype-no-one-wants-admit-using-dont-buy-go-into-coma-3-years.html

bobby heenan · 05-21-12, 12:07 PM

Originally posted by ChalkyDog

I hope so, I'd rather log off facebook for good.

im not expert...could be wrong

but its just crazy how cell phones have evolved...eventually they got smaller and less bulky....then we could snap pics with them and text message...then we could surf the web on them....then we could even start our vehicles from our iphones.....it seemingly never ends....and there is a next wave ....no idea what its going to be(i think even the idea of a pop up hollogram keyboard, which is rumored for the next iphone, is pretty insane)....but it will be crazy....and it will change how we connect.....so i wonder about facebook....although that kid is pretty fuckin smart

bobby heenan · 05-21-12, 12:08 PM

Originally posted by greenhippo

From my perspective, they need to get into a marketplace. Buying and selling things through FB seems like a logical next step. Need to acquire or develop their own Paypal and allow for money transfer so people can start buying and selling goods strictly though FB.

$ from advertisements and shit games alone won't keep them afloat.

yep...people can buy/sell shit...send money to relatives...maybe even set up local bookie shops! maybe even their own superbook!

greenhippo · 05-21-12, 12:14 PM

I take a $100 wager from you, you win, then you "sell" me a TV

elgreco · 05-21-12, 12:36 PM

Originally posted by d2bets

Apple = $512 bil
Google = $200 bil
Amazon = $98 bil
Ebay = $51 bil
Yahoo = $19 bil
Linkedin = $11 bil
Groupon = $8 bil

Is Facebook really that overvalued now at $72 billion?

Yes. EBAY GOOG, AAPL, and even YHOO can justify their valuations. It's going to take one hell of an earnings run for FB to justify it.

Bill Dozer · 05-21-12, 01:13 PM

Ebay and Amazon are easier to evaluate because it's based on selling actual goods. Some outside the box idea by two guys in a garage isn't as likely to disrupt that business. Everyone else on the list is high risk. In my uneducated opinion I'd put Apple and Yahoo in the next lowest risk group. Both have unique products that can't be blown up by some dark horse overnight. They both have parts to the business that work together. Fantasy sports to hardware to apps and webmail. Everyone else is one Craigslist away from being turned on its ass. Facebook is like Google they are both high off our user info and what they can do with that. IMO Facebook isnt that well done anymore. It reminds me of digg.com. Great site and then they got cocky, tried to make it more socially and overnight it was gone.

And if bills like CISPA pass, Facebook might as well use .gov.