My prediction: $10 in 6 months.
They may have “revenue” but it is illusory.
There is no profit model and the institutional investors, most of which are on the sidelines, will short it accordingly.
Well, to me, personally, not a damned penny.
Biggest waste of time and bandwidth on the internet.
It beats me as to why grown persons would post every single aspect and incident of their pitiful lives for the whole world to see and laugh over.
But, that's just my humble opinion.Your opinion may differ.
Just curious, what was FB going to do with all the money they thought they were going to raise?
Also remembering back to the dot com frenzy of 1990's IPOs, they hit the market at whatever price; say $20 and are gobbled up in big lots by institutional buyers where they stock bundles are attached to mutual funds or spun to favored clients. They sell huge volumes at slight margins, say $22 - $24 and then get out. In a short time the stock settles at about half of where it was publicized. It was consistently this way when I followed IPOs with interested associates in the past.
I expect Facebook to level around $18 by mid June.
BARRY SOETORO/ BARACK OBAMA's FOREIGN STUDENT CARD Posted on Facebook....
Idiots all. Fakebook has no real value.
I think the real problems will start for Facebook when advertisers figure out Google gives them much more bang for their buck.
I don’t see how it’s worth anything.
It produces no product and has no significant holdings that I’m aware of.
Worth a few hundred millions at best...possible ad revenue, selling personal data, etc.
It reminds of pre-Internet-.com-bubble stocks...buy buy buy then the pump & dump brokers short the crap out of it, forcing the dumb money (us) to run and either they buy very low, sell a little higher and make the last few millions before the status of dead-money-stock is reached.
That’s the story of the late 90s garbage redux in Internet crappy and hyped IPOs.
Anyone who thinks this is the next Apple is sadly mistaken.
IMO, of course.
I have no idea why anyone would buy a single share of Facebook stock. People don’t go to Facebook to see ads.
Is there some reason everyone (or seemingly everyone) is obsessed with FB? Seems like the promoters and detractors can’t speak of anything else.
I’d run from this one. Way overpriced IMO. I think they (FB management) recognized the fad was ending and cashed out. I believe it is in a fast fade. Be lucky to be $10 by end of 2012.
They can’t push ads to mobile yet and plugins like Adblock effectively block adds in browsers (although the impression may still count.) They also face tremendous infrastructure challenges.
Depends on what they buy with their money. The Facebook franchise by itself ought to be worth about as much as AOL by itself.
Tech IPO's are always "overpriced." It's almost tautoligical.
Does anyone know what this company is worth? It seems to be nearly entirely potential; and nobody knows what the upside is -- it's practically incalculable; but so are the contingencies.
How long does the average user sit in front of a Facebook page? How many man hours are spent viewing facebook pages each day globally? What is buying time in front of that captive audience worth? Somebody run the numbers. I'm sure it's huge.
The problem is that with a half billion shares out, it's no slam-dunk bargain.
personally I would not give $.02 for facebook stocks.