"See, I told you so."
Posted on 05/22/2012 9:45:15 AM PDT by AngelesCrestHighway
NEW YORK (MarketWatch) — Facebook’s much-hyped initial public offering started out with lots of hope, but it ended Friday with a thud. The stock barely closed above the offering price of $38 a share — and only after the underwriters reportedly bought up enough stock to keep it in the plus column. And Monday it opened with an 8% decline.
Why? There are four reasons:
(Excerpt) Read more at marketwatch.com ...
Kinda looks that way. All that damn hype told me that!
"See, I told you so."
Short of the century.
What is the revenue model? Profits?
Facebook is a website. If Facebook is worth billions, we should all be millionaires here on FR.
The banisters have done it again. What a fraud. Reminds me of AOL.
Sorry, banksters
If you are not already in, it is better to stay out.
What capital needs does Facebook have?
1) Most Facebook patrons are liberals
2) Most Facebook patrons are socialists
3) Most Facebook patrons are progressives
4) Most Facebook patrons are communists
Conservatives are only there trolling for intel on liberals.
That's kind of what I was wondering. As this thing kept unfolding, I thought of the principals as these two spiders:
And to elaborate... an IPO is issued because the company owners -- the ones with the most info about it -- believe it is the best time to sell, and have determined what they think is a fair selling price. Unless you're buying and holding for the longer term, there's no real expectation that the stock will appreciate significantly from the IPO price, except for initial hype. Unless you think the company owners (and their financial advisers) are flat-out wrong in their assessment of the company's value.
I would have just said
1. facebook sucks
really need three other reasons?
I don’t think so. I use FB to stayin touch with friends literally across the globe. I suspect the proportions are about the same as with the world at large.
P/E Walmart, ATT, Coke, Pepsi about 15-20
FaceBook P/E 75
place your bets
Ready to call it a popped bubble yet?
If Facebook filed Chapter 7 tomorrow what would their creditors be able to claim?
A few million dollars worth of used Cisco hardware and some intellectual property. That’s about it.
The game is rigged.
Might be worth more money if guffus would install the not like button...lol
1. People are stupid.
2. People are greedy.
3. The smart take from the stupid and greedy.
I explained it in only 3 reasons.
Reasons NOT TO buy Facebook stock at $38:
1. Has no profit to support that investment.
2. Has no conceivable way to generate #1 in the future.
3. As a fickle social networking site, it might disappear completely within 5 years, if/when another popular rage replaces it, i.e. Apple introduces a must have tablet with proprietary networking.
4. Its a leftist company
Mine was the bumper sticker version.
;)
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