Posted on 05/22/2012 5:48:59 AM PDT by blam
Facebook Is Tanking Again
Joe Weisenthal
May 22, 2012
Down over 3% pre-market!
Yahoo Finance
(Excerpt) Read more at businessinsider.com ...
Oh, the humanity!
The bubble is popping fast.
BOMBSHELL: Facebook Bankers Secretly Cut Forecasts For Company In Middle Of IPO Roadshow
Read more: http://www.businessinsider.com/facebook-bankers-earnings-forecasts-2012-5#ixzz1vbQcgYJ2
Valued at the same multiple as Apple or Google and it’s under $10.
A 20 multiple....people are truly sheep.
Not to worry. Once Zuckerberg writes a few checks to the Obama campaign, facebook will be declared, “too big to fail.”
I guess the suckers who screwed up and paid $45/share aren’t too happy right now. They took a bath and made Zuckermann rich (along with other insiders). All for a ‘product’ that FB didn’t even create (they created the canvas, but the real interest is the self-interest of all the members). Advertising? I can’t even tell you what the last pop-up advertisement is on ANY web page I’ve seen.
My prediction:
Facebook stock is gonna crash.
All the hype...seems like a house of mirrors to me.
The guys with the gold and silver are already sitting in their chairs. (ahem)
"Zucker's suckers."
And the real irony is that zuckerbergs new format, Timeline, is driving down usage in titanic proportions. But he has too much ego to admit a miistake and back off timeline
General George Pickett and Mark Zuckenberg have much in common. Pickett’s charge market the high point of the Confederacy. Afterwards it was all decline. Similarily Zuckenberg’s IPO marked the high point of social medias economic potential. Face it. There is simply a limit to the effective marketing that can be done on these social media sites.Yet with 30 to 40 young people visiting these sites regularly, clever people should be able to make an economic success of Face Book at some level. However those who bought at the opening have clearly lost.
And the real irony is that zuckerbergs new format, Timeline, is driving down usage in titanic proportions. But he has too much ego to admit a miistake and back off timeline
I'd consider getting in, maybe at around $10-$15. Even then, I'd like to see a better explanation of their revenue stream model for the future than what I've seen so far. I think their estimates of growth in brand advertising revenue is exaggerated, and other streams such as FB's virtual "currency" for on-line gamers is highly speculative.
When all the adults started going to Facebook, it was no longer “the place.”
It is indeed looking like another bad day for FB. Premarket bid x ask prices are just under $33.00 and with seemingly many more looking to sell than looking to buy.
It’s all about the money....everyone involved got scammed.
It is a house of mirrors right now, but there is tons of money to be made with the right management and good ideas. More people tune into Facebook 365 days per year than the Super Bowl and it isn’t even close. There isn’t a forum quite like it, someone just needs to figure out how to use it to generate cash. If the stock does in fact crash, I might put $1,000 in it.
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