Should have sold on the first day. Got greedy and it bit them.
Maybe they haven’t met Soros who bought a lot of stock and i s probably moving. Wonder if the founder is in on it?
Good grief. The kids that frequent FB, don’t buy products.
FB was the obvious short sale.
The social networking giant also has the lowest median age, 26, as well as the highest portion of female workers, 33 per cent, among nine of the US IT industry's top companies.
At Facebook, workers make about $59,100 to start, 49 per cent more than the national average. They get a 13 per cent premium over what employees would earn at similar positions at other companies, the survey found." [June 2011] Source
....."You wont find any cubicles in Facebooks 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] Source
I give Facebook credit for lasting longer than MySpace, but sheesh... People really thought Facebook would last longer than, say, Palm Pilot?
I kept getting blocked from inviting “friends” on fb and received messages that I was crapping up their high standards by inviting people that I don’t already personally know.
Then I noticed my friends are retarded, so I was like... fine, whatever.
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.
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?
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?
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.
“They have nothing to complain about. They didn’t make that.” - Barack H. Obama