Posted on 05/21/2012 5:46:52 PM PDT by jimbo123
Criticism of the Facebook Inc. FB -10.99% stock deal grew as the shares dropped below their offering price in their first full day of trading Monday, wiping $11.5 billion off the social network's market value.
The company, its investment bankers and the Nasdaq Stock Market came under fire for failing to ensure a smooth debut for one of the most anticipated deals in recent memory. Facebook shares, which opened Friday at $38 and managed to add just 23 cents during the day, fell 11% Monday to $34.03.
While investors agreed Facebook shares weren't worth $38 apiece, they couldn't find consensus on who deserved the most blame.
(Excerpt) Read more at online.wsj.com ...
I am going to try and not laugh, giggle or snort that a lot of institutional investment companies will lose some of their shirts on this. I will probably fail at the attempt though.
$6-$14, depending upon how generous you want to feel about a company which has started losing money rather than making money, who has a leader who said that the social agenda is much more important than the business agenda, and still has overnights at the company office... Sure hope they paid everyone the double and triple overtime needed for that...
You must have a very sick sense of humor. I like that.
You can be sure the same investment banks that underwrote and advised on the deal also have short positions that will prove to be very profitable. Zuckerberg the amateur and the Obama FB fags were set up.
I am going to try and not laugh, giggle or snort that a lot of institutional investment companies will lose some of their shirts on this. I will probably fail at the attempt though.
Shame, Shame on you... Giggle... Hee Hee... ROFLOL!
I “Like” your comment. ;-)
granfaloon
Now I gotta go google that
I know one of their top mobile developers. The issue they have is that they have a tough time putting the ads on the mobile devices. It is killing their revenue compared to desktops.
Fadbook is what I call that site. It can be easily displaced by something new and shiny someone else develops. Especially once Zuckerberg steps on his d**k. And he will step on it. Like Obama the guy can’t be told he does not know what he does not know.
Fadbook could barf and die tomorrow and I would not notice. FR is a different matter entirely....
I keep reading how the company doing the IPO should have “propped up” the price.
That legal??
THere’s no barrier for a better / competing company to come along. Remember MySpace? Facebook = hype. To ‘stay cool’ it can’t do overt ads. Without overt ads there’s no point in advertising there.
Major image problem for the company if the stock continues to tank. Went from super hot to super not. Tarnishing the brand.
lol
Who knew that Facebook shares came with Dislike buttons.
That is funny. Only a few people will get it, but those that do will smile.
Dave Ramsey called it:
http://www.mytotalmoneymakeover.com/index.cfm?event=dspAskDave&intContentItemId=122528
FB is a platform for the real moneymakers- the ads and the games. A better platform will come along sooner or later. FB IPO was way overhyped and overvalued. So instead of starting off reasonable and making people money, who knows.
Granfalloon. That’s funny. I’m a Hoosier.
Granfalloon.... Totally agree! People are desperate for a group identity, even when it is totally illogical. This is just another wealth redistribution technique for emotional decision makers with their head up their.... in the sand.
wampeters and granfalloons? Sounds like something from the late Kurt Vonnegut
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