Wall Street’s term for retail investors is ‘dumb money’.
Does anyone really care about Facebook’s finances except those who got suckered this week. The “owner” and his insiders got their money plus. At least they’re happy.
I guess Mark Suckerberg is crying all the way to the bank..............
Exactly! How stupid did you have to be to buy Facebook shares on the day of the IPO? Who didn’t know the price would be inflated?
...Yes folks, Facebook is that dangerous to our economy and to the global economy.
Oh, Bull$4!!. Obozo is far more dangerous. Indeed, a President with even a basic understanding of Econ 101 could turn this whole economic engine around in a heartbeat. (Gees, almost any of us could take a four year nap and do a better job of running the country.) If stupid is reelected (I'd worry about that NC teacher reading this, but I'm not sure she can read), I pray for this Republic.
Tulip bulb prices got run WAY UP before they crashed. Facebook never got that chance...
...Yes folks, Facebook is that dangerous to our economy and to the global economy.
Oh, Bull$4!!. Obozo is far more dangerous. Indeed, a President with even a basic understanding of Econ 101 could turn this whole economic engine around in a heartbeat. (Gees, almost any of us could take a four year nap and do a better job of running the country.) If stupid is reelected (I'd worry about that NC teacher reading this, but I'm not sure she can read), I pray for this Republic.
Surprise, surprise. Facebook makes no money and someone pays $45.00 a share to say they own Facebook.
Today Facebook drops to $30.00 a share and that person who paid 45 bucks just got a major league haircut.
Fools are still being born every minute.
Often stocks are valued by popularity, as if they were in a voting machine.
Later, reality sets in, and the value is based on earnings; a weighing machine.
The wizard of Omaha, Warren Buffet said this.
Facebook is makeing the transition. A little quicker than usual.
Its an $8-$10 stock at BEST, and that’s only if they figure out a way to make money off mobile, which they haven’t yet.
The very idea this turd was worth $38 was ludicrous on its face.
Any institutional investor who bought into this, should be summarily fired. Anyone with money in a fund where a manager bought this turd should be pulling their money out immediately.
What idiotic world view lets you take a company with a total of $4 BILLION in revenue, and $1 Billion in profit, is worth $80-100 BILLION especially one who’s modest $4 Billion in revenue is likely to SHRINK as users move to mobile and they have currently no idea how to many any money off of mobile.
Yes, they have a huge subscriber base, and its a company that can be profitable, but that profitability doesn’t remotely justify the stock price.
Based on a 20 times P/E which, even that is higher than Google, FB is worth $8 a share or so at best.
You think I’m kidding? Not one bit. In fact Facebook is now one of my top-12 economy-killing triggers, any one of which could ignite a firestorm. These include: euro zone ills, overpopulation, China, climate crisis, Peak Oil, Fed’s cheap money, 2012 elections, austerity vs growth, high-frequency trading, extreme capitalism, and the Black Swan nobody ever sees coming till it hits, you know, a trigger like the 1914 assassination of an unknown archduke that ignited a world war.
That's right...this nitwit sees climate change, over population, Peak Oil and Facebook as world enders. Dope.