Google PE Ratio - 2004 to 2011
Posted on 05/23/2012 2:47:20 PM PDT by C19fan
Mark Zuckerberg and leading Facebook investors cashed out millions of shares before the price dropped off a cliff, according to company filings. It was also revealed that a company executive issued a warning days before the Initial Public Offering that Facebook;s revenues are lower than expected, information that would have likely dropped the opening price of the stock. The new reports are already raising questions about whether top investors profited from the IPO at the expense of smaller buyers.
(Excerpt) Read more at dailymail.co.uk ...
PUMP AND DUMP !
So what. He told people/investors before the IPO that was his intention.
The new reports are already raising questions about whether top investors profited from the IPO at the expense of smaller buyers.
Gee, ya think? Does it ever work any other way?
The underwriters withholding material information from certain investors is another story.
He zuckered the investors real well!
this is a textbook pump & dump.
but anyone who invested in this turd was/is a fool.
I would have rather set the stock price at perhaps a PE of 8 or 10. (I think Google’s stock is at about a PE of 12). The stock would have risen steadily after the initial offering.
But then I’m honest, as are most Freepers. This stunt seems crooked to me...to issue the stock at an inflated price and them dump shares and cause huge losses to almost everyone else (except those shorting the stock.)
Isn’t this the way of the times? Bend the rules, behave as if there is no tomorrow, reputation does not matter only the gain.
Legally correct but morally and ethically bankrupt.
Two things about Gen Y and others of this day... the need to teach ethics and the response you get when you ask them what they think... what do you want me to think?
Which is lost on many.,,
1. Had a partner, forced him out
2. Got married, 2 days later IPO (avoided community property)
3. Sold stock 2 public, value plummets
DO WE SEE A PATTERN, HERE?
Google PE Ratio - 2004 to 2011
Very true, but the problem with Silicon Valley that began with the dot coms is that they do some work, then exaggerate their claims and raise more than 100 times their revenue without any plan for scaling up the operations and make money from future investors bailing out the earlier investors. That is a classical Ponzi Scheme.
Actually I think the real news story is that he just got married which proves he’s insane.
I’m nicely invested in a small startup. No big investment banks. Will not be a highly inflated IPO price, but will be enough to make our broker/dealers and the early investors some serious money. And we have something real to sell that will only increase in value. We are not relying on disappearing ad revenue.
This is like 1% of his holdings in the company, and also a fraction of thiels stake. Most of zuckerbergs money will be directed towards paying taxes on the 60million options he exercised. In any case I am more interested in the 10 or so class action lawsuits that have popped up against facebook in these 2 days.
Yeah, because Generation Y invented the pump and dump.
What a shame that we are subjected to such an ignorant media. I understand he disclosed his intention to do this in the S-1, which means he sold at the expense of NO ONE.
A basic understanding of what one is writing about should be a requirement for all reporters.
“A basic understanding of what one is writing about should be a requirement for all reporters.”
You’re asking for truth, justice and the American way, which is beyond the comprehension of our lying, leftist scribblers.
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