Posted on 05/18/2012 7:30:35 AM PDT by stevio
Listening to MSNBC (through Ameritrade) pump up Facebook's opening.
From a female interviewer; "Why are the execs selling their shares?" The answer "Blah blah blah blah" Then she says; "Well I'll be buying their shares".
Another pundit equates Facebook with Elvis of the 50's and the Beatles of the 60's.
Also all the blather of wealth creation and how the taxes will be good for California.
Not me. I would not touch it with a ten foot pole. Though shorting it might not be a bad idea.
Now that Jobs is dead,we have someone else to worship!
You know who’s watching? Elizabeth “No One Got Rich On Their Own” Warren. When Zuckerman takes the loot. She’ll call on him to resign!
Think about it. Facebook only has a couple of things going for it.
One is the eyeballs of all of its customers. You can put an advertisement in front of those eyeballs and if you believe in the law of averages, someone will click on that ad. I know that as someone who uses Facebook for my college based business that out of the three hundred thousand folks I targeted, I got only a few clicks in the month I tried it. Not exactly a great return on my investment.
So, if advertisement doesn’t work, what else do they posses? They have a ton of data. They know what you DO click on, they know where you eat, what songs you like, and just about everything else about you—if you are an avid user. There is absolutely no privacy.
In essence, they know a lot about their individual users, as individuals and as members of different groups. They will sell that information.
They own EVERYTHING posted on Facebook. So, if I post a really nice picture—they can sell it. In posting, I assigned them permanent and irrevocable rights to my photos, my comments, my opinions, and anything else I “give” them.
In the end, the only other stream of revenue I can see is selling all of my information to anyone willing to pay for it.
I guess they could charge a subscription, but that would ruin them. I guess they could force ads, but they still would not be effective.
I could be wrong, thinking like a dinosaur, but I just do not see a revenue stream that is sustainable—aside from selling YOUR information to ME.
It will pop—big—but everyone I know is just waiting to sell put options.
If it goes to a hunerd bucks a share Ima gonna sell some of my Beanie Babies and buy some.
Why does Facebook need to go public considering how the company is worth?
you would be insane to short an expectantly volatile stock.
Reminds me of Netflix —
$304.79 last July
$71.22 today.
1. Because they can.
2. Because the execs know that their company is essentially built-out in its current configuration, so its value has peaked and will likely decline.
3. Because there are people like you who, because they like the service, think it's also a good investment. Good luck with that.
You should hear them BS this stock on MSNBC. It’s tempting to play this today. But my wife would kill me.
I dont have $4k to blow these days.
The folks at CNBC see good things in the Spain collapse. It is really funny to listen to these clowns rip and read the PressWire.
Not me.
Yes, a little. The very last, last thing I’d do is buy stock in an IPO for this. Fads are a fickle thing, and the insiders on this deal are cashing in while the ‘cashing-in’ is optimum. The basis for the value is on advertising revenue? What is the revenue? Didn’t Rush just chronicle the other day that some big advertiser determine that Facebook advertising yielded NO return? A stupid bet unless you can get in before the sheep find out, and this it appears is what the Facebook insiders are doing.
$42/share. Less revenue for liberals, less revenue for California. The libs on MSNBC sound like they’re at a funeral.
Me neither. I don’t like facebook to begin with! Nobody gives a rats ass what I did all damn day long and nobody sure as hell wants to read about it!
Facebook should be called Vainbook.
You own all of the content and information you post on Facebook, and you can control how it is shared through your privacy and application settings.Of course, you give them permission to use your content if you post it, but the license is not irrevocable: permission is withdrawn for any content that is deleted. (There may be a potential catch if other people have shared it but haven't deleted it, but even so the permission for use is still subject to your privacy settings.)
—you would be insane to short an expectantly volatile stock.—
You say that like it’s a bad thing. ;-)
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