Facebook Shares Day 2: Below IPO Price

WSJ ^ | May 21, 2012 | GEORGE STAHL

[Qbert]

NEW YORK

[Qbert]

Facebook IPO Facepalm IPO.

[cuban leaf]

Roulette is more fun. I like to watch the wheel spin and the ball bounce into a slot. The odds are a bit better as well.

[hecht]

isn’t Jerry Brown counting on this to bail out California?

[Izzy Dunne]

Headed for the basement, it looks like:

[AmonAmarth]

DOwn 12 percent in the first 45 minutes. Watch your head. Jumpers.

[Tijeras_Slim]

Fools, don’t you know owning a piece of the narcissist graffiti of 900 million people is worth at least $40 a share?

[I cannot think of a name]

I know lots of people are still gaga for google, and Fadbook may make money, but I remember all this too well from the ‘90s DotCom fiasco.

Sorry, but my stock buys have to include a “bricks and mortar” quotient to attract my attention.

[dfwgator]

"See, I told you so."

[Poison Pill]

a black eye for all those involved with the social networking company going public.

How naive! Like everyone who pocketed money on that pig could give a damn. They have important stuff to do today: Ferrari color selection, appointment with their real estate agents, swing by the gallery and pick up the Matisse... etc.

[circlecity]

Couldn’t pump it - time to dump it.

[ßuddaßudd]

Fakebook?

[Red Badger]

Which is where most of its users live.............

[SamAdams76]

It is very risky to invest in a company that doesn't really produce anything of value. Apparently all Facebook does is create webspace for narcissistic people to talk about themselves, post pictures and play online games with each other.

Remember when MySpace was all the rage? I think Facebook is headed for the same fate. Many adults are embarrassed to be seen there and like myself, only have accounts there so they can keep an eye on what their kids are doing and share photos with other family members. But for the most part, it's just a time-sucking wasteland of mediocrity.

And if you are a family member of mine, can you please stop sending me invitations to play Farmville and Words with Friends already? I'll check out photos of your latest trip to the Florida Keys or of your new kid but I'm never going to play any of those stupid games. Never! So please, stop it already.

[KarlInOhio]

I didn’t check the numbers, but I think only a small part of the company was sold so Zuckerberg is still the primary owner. As shown by his billion dollar quicky purchase of Instagram, he seems to consider Facebook to be his private toy rather than something he has responsibility to the other shareholders. That’s as big of warning sign to me as a rattlesnake rattling at you

[Red Badger]

I’M GOING TO UNFRIEND YOU!.........;^)

[I cannot think of a name]

“As shown by his billion dollar quicky purchase of Instagram”

You know, I know somebody that could make him a hell of a deal on Webvan and Pet.com stock!

[PapaBear3625]

drudge: "HONEYMOON OVER: FACEBOOK PLUNGES" in big black letters. It's currently 33.3199 down 4.9119 (-12.85%)

[ILS21R]

Facebook... Faaacebook.... Faaaaaaaaaaceboooook

You will tell me everything.

[KarlInOhio]

isn’t Jerry Brown counting on this to bail out California?

I'm reminded of Atlas Shrugged where the People's State of Mexico expresses outrage that the mines they had stolen from Francisco d'Anconia turned out to be worthless.

[FatherofFive]

Many adults are embarrassed to be seen there and like myself, only have accounts there so they can keep an eye on what their kids are doing and share photos with other family members. But for the most part, it's just a time-sucking wasteland of mediocrity.

I have a facebook account. I use it to post pics occasionally (once a month at most) and check pics posted by relatives I seldom see. The free service works well for that purpose. I never click on ads, and seldom look at them.

I didn't know you could play games there. I also don't know why kids want to have an account where their parents can watch them.

This businees model makes no sense, and these valuations boggle the mind.