Facebook workers suffer pain of stock's sharp sell-off

Orlando Sentinel | August 18, 2012 | Jessica Guynn, Los Angeles Times

[Cincinatus' Wife]

Facebook Inc. is in a world of hurt on Wall Street but its employees are also feeling the sting of the stock's sharp sell-off.

For many staffers, the precipitous drop means their Facebook stock is not going to yield the returns they hoped, at least not right away. They have had to defer or downsize their dreams of buying a home or a new car.

[1010RD]

The gravy train’s about to end kids.

[Vermont Lt]

Facebook is a fun distraction. But so isn’t an over 50 softball team. And they ain’t buying tickets to see that either. Neither produce revenues enough to support it.

I bet their business model looks to subscriptions soon. At least for businesses that use them.

[NewHampshireDuo]

....."You won’t find any cubicles in Facebook’s new 150,000 square-foot office in Palo Alto, California. The interior is wide open, with a warehouse look. The design firm Studio o+a consulted employees to find out their expectations about the work environment and what they desired their space to look like. This led to many different designs across departments, based on their individual needs and tastes. Many of the walls were left blank, in order to encourage employees to further customize their space. The overall feel is casual and relaxed, with plenty of areas to unwind away from a computer."..... [Sept 2009]

I worked for Digital Equipment Corp. When the group I was in built a new facility we had weekly "Quality of Worklife" meetings to design the new office areas. Within 10 years DEC was swirling in the toilet. Not that there's any real comparison but at least DEC made something, not some flash-in-the-pan social software.

[Nip]

And?

Doesn't anyone remember the Dot.Com bust?

There numerous start up companies went through the IPO process and millions of dollars were generated on future business development. And, much like facebook, their owners and employees became millionaires overnight. Those who were able to get out earily made money. Those who rode the stock down didn't.

There is a difference between some dot.com companies. Some actually produced a marketable product that others used and still use to make more money. Facebook on the other hand produces nothing but “buzz” and who will still want to actively discuss 2012 buzz in 2022?

[Josa]

And facebook continues to persist in forcing Timeline on its users. No one likes Timeline. My teenage nieces and nephews and my twenty-something children all abhor it.

Zuckerberg picked a bad time to force an obnoxious change on the FB users. Ooopsie.

[hadaclueonce]

Start with nothing, add one. multiply it by 100. divide by 2 and you still have more than you started with.

what is the bitch?

[packrat35]

Thanks for the info.

[StAnDeliver]

"What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs"

FB admitted as much in a filing prior to the IPO, and then doubled-down Bobo-style by simultaneously raising the IPO issue price...

This whole imbroglio will become a textbook example of how to not just get away with malfeasance, but cash in on it -- pity Zuckerturd's generation simply doesn't care.

[free me]

“Facebook ads were already showing up on the desktop before Facebook in February announced that it would display premium ads and Sponsored Stories, or posts that have been paid for by advertisers, on mobile news feeds, and on the desktop log-out page. By the end of June, sponsored stories were generating $1 million per day in revenue.”

http://www.pcmag.com/article2/0,2817,2408208,00.asp

[dennisw]

I have a facebook account that I use for business purposes and not that much. Facebook made sense until that put in that stupid timeline format which seems very dumbed down. Timeline is them sabotaging themselves

[dennisw]

"What is killing Facebook and its stock is that more and more people access it via mobile devices (smartphones, androids, iPhones). Where due to smaller screen size their advertizing is much less effective with fewer click throughs"

FB admitted as much in a filing prior to the IPO, and then doubled-down Bobo-style by simultaneously raising the IPO issue price...

You are right but everyone (IPO touts and investors) pretty much glossed over this facebook problem with mobile devices. Facebook can go down some more because in the next four months early investors and insiders will be allowed to sell their shares that were legally on hold as part of the IPO

[Newbomb Turk]

King Obama says he wants to bail out every company like he did G.M. Facebook looks like a good place to start.

Anyone with half a brain knew this stock would tank.

[NormsRevenge]

FB. where having a job means playing hard and working harder .. for little in return. The valley is full of empty buildings waiting for the next phenom.

[Morgana]

[a fool in paradise]

“They have nothing to complain about. They didn’t make that.” - Barack H. Obama

[a fool in paradise]

Facebook operates on private cash.

The Green Gravytrain is fed by public tax dollars and 501c3 organizations for profit and political power.

[a fool in paradise]

Funny how the higherups didn’t have such a block, including the expat who gave up his American citizenship.

I’ve been stuck with worthless stock gifted to me by Compaq when they knew it would never be profitable prior to the corporate wide layoff. Never had a valid window to exercise my options in.

[a fool in paradise]

If Facebook is sold to Newscorp, they can expect a liberal boycott as they did when they left Myspace.

The “cool kids” can/will move again some day, some time. This stock won’t have a 20 year growth.

[a fool in paradise]

If Facebook is sold to Newscorp, they can expect a liberal boycott as they did when they left Myspace.

The “cool kids” can/will move again some day, some time. This stock won’t have a 20 year growth.

[SamAdams76]