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Posted on 05/22/2012 11:48:16 PM PDT by PieterCasparzen
Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.
The Bloomberg poll conducted between January 21 and 24 shows investors disagree with Goldman Sachs' assessment that Facebook is worth more than Web pioneers such as Yahoo!, the biggest web portal, and eBay, owner of the biggest online retail marketplace. Palo Alto, California-based Facebook surpassed Yahoo! in October as the third most-visited website in the world, the report says.
"Those investing in Facebook, expecting it to be the next Google, might be in for some bad news along the way," says poll respondent John J. Lee, a portfolio manager at PGB Trust & Investments in Morristown, New Jersey.
...
(Excerpt) Read more at ibtimes.com ...
Seems like IT WAS A WELL KNOWN FACT FOR THE PAST YEAR that there...
MIGHT BE TOO HIGH A VALUATION ON FACEBOOK.
Simple google searches for old pages reveals MOUNTAINS of webpages skeptical of this IPO for a long, long time.
Interesting...
(oh, this is an article that references a bb poll, it is not a bb story).
Ask yourself this question, what is Facebook’s Business Model? Or, what does Facebook sell?
My first guess is they sell Books with pictures of Faces in them.
I know, I’m saying this story is from Feb. 2 - 2011 - last year !
If you google a little, you find tons of questions were floating all over the web for a year regarding the questionable nature of fb as an investment.
Clearly, licensed investment advisors and firms knew this was a pump and dump all along.
I knew from it’s inception that fb is a typical pump and dump.
I could tell from z’s attitude - remember his email early on (very early on) when he referred to fb users as “dumb f##ks” ?
He knew his concept was foul from day 1, but when he saw the user count going up fast he could not resist going for it.
He also was working on the project as a “work for hire” for a couple of older classmates of his. He took the idea and ran with it - without them. He paid them a paltry sum to drop their lawsuit. Regardless of whether he got way with that because of the letter of the law, his intent shows me one thing: he’s not an idea man that comes up with good ideas all the time. He thought this was his “one chance” and he’s clinging to it, hanging on for dear life, and wanted to push out everyone who would interfere with his scheme, not want to go along, or would be a threat to rising above him as ceo. imho - that would all be fine ! If.... he really had a vision (a real one, a workable one). And if instead of arrogance he had simple confidence. And if instead of coming up with some bogus tagline like he wants to change humanity for the better, or whatever beauty pageant world peace thing he says, he took it down a few humble pegs towards reality and just said he wants to make a quality product or service or whatever it is that they do and make a decent profit while he’s at it.
I mean really, is there any professional developer who COULDN’T design and build a similar site ?
No. It’s just that the only developers brazen enough to get into the privacy and legal issues associated with fb are already in the porn business - and it never occurred to them to be crazy enough to make a site with such wide open capability with basically no boundries on content. They say I think 1/3 of divorce filings now contain the word “facebook” in them.
How much crime - not to mention acts of war, terrorism and insurrection - is transacting over fb...
I can’t wait for the hearings and lawsuits to really start kicking into high gear...
I’m stocking up on popcorn.
I have this odd rule about buying stock....there has to be a regular dividend paid (even one percent is sufficent for me to buy it), and it has to be something that does not look like a FAD. Facebook, in my humble opinion, is a fad. They can easily be replaced by some other juvenile site (possibly even out of France) within five years. So why bother getting into this?
I have an even odder rule.
I stay the hell out of the market. Too many crooks for me.
I can’t wait for the hearings and lawsuits to really start kicking into high gear...
Yep, now that there is “real” money to gain from suing FB I expect the flood to come as soon as the Lawyers find a good case or can set up a class action suit.
Popcorn time indeed.
Facebook is a horrible website, both in its configuration/usability and in the way it encourages people to provide all sorts of personal info about themselves.
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