Facebook going public.

  • MikemikeMike

    Posts: 6932

    May 17, 2012 7:38 AM GMT
    Anyone buying Facebook stock tomorrow???

    Possibly only 38 bucks a share.

    Get it- especially you semi- broke guysicon_idea.gif
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    May 17, 2012 7:46 AM GMT
    MikemikeMike saidAnyone buying Facebook stock tomorrow???

    Possibly only 38 bucks a share.

    Get it- especially you semi- broke guysicon_idea.gif


    Before you consider it, read this:
    http://cdixon.org/2012/05/15/facebooks-business-model/
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    May 17, 2012 11:34 AM GMT
    Mind the bubble.
  • CuriousJockAZ

    Posts: 19136

    May 17, 2012 2:21 PM GMT
    I think I'm going to sit this one out and just watch. I think it may not meet the hype.
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    May 17, 2012 2:36 PM GMT
    GM pulling their ads might be indicative of the Facebook business model. Things often hyped up are not good long term investments. Short term? Questionable.
  • swall1963

    Posts: 161

    May 17, 2012 4:00 PM GMT
    I expect it to open at 50 tomorrow and possibly trade up to as high as 60 during the day. Next week will be the test to see if can hold the post IPO hype.
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    May 17, 2012 7:12 PM GMT
    What a terrible investment. Did everyone forget what eventually happened to MySpace? Definitely not for the long term.
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    May 17, 2012 7:18 PM GMT
    I'd wait for at least a month. Between the hype and people deleting it because of employers demanding users' passwords, this could go either way. It's still a great way to network, though, so it might be a worthwhile investment.
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    May 17, 2012 7:25 PM GMT
    SkittleGangsta saidWhat a terrible investment. Did everyone forget what eventually happened to MySpace? Definitely not for the long term.


    ^ Agreed. It feels like Facebook is headed down the same path as Myspace. If you don't give the people what they want, they will leave you in a heartbeat once something better comes along. Which I definitely think will happen when the time comes. And seeing as how Facebook has been making some suspect calls and decisions, I really don't know if this would be a good investment. I am no expert though, so I could be completely wrong haha.
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    May 17, 2012 8:02 PM GMT
    I honestly would be short on Facebook until they can find a much better way to generate higher revenue. You can't bank on more registered users alone.
  • metta

    Posts: 39143

    May 17, 2012 10:35 PM GMT

    Don't Sweat Missing Out On Facebook's IPO, And Don't Buy It Friday

    http://www.forbes.com/sites/steveschaefer/2012/05/16/dont-sweat-missing-out-on-facebooks-splashy-ipo-and-dont-buy-it-friday/
  • metta

    Posts: 39143

    May 17, 2012 10:38 PM GMT

    Saverin: Allegations Of Tax-Dodging ‘Unfortunate’


    http://tpmdc.talkingpointsmemo.com/2012/05/eduardo-saverin-taxes-facebook-ipo.php?ref=fpnewsfeed
  • LJay

    Posts: 11612

    May 17, 2012 10:46 PM GMT
    Of stocks I know nothing, but it is my understanding that Facebook hopes to expand itself essentially by increasing ad revenues, even to the extent of using its users' posts.

    As much as people hate ads, why would it make sense for me to buy an ad medium?
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    May 17, 2012 10:51 PM GMT
    I may throw in $10K and watch what happens to it over the next year. For some reason I don't feel that they will live up to the expectations.

    Back in 2001 my first dive into the market, on my own, was with Google at about $200.00 a share. I only had 50K to play with so I only bought about 250 shares. Over the years I've kept buying.
    At today's closing Google was at $623.05 a share. icon_cool.gif
    But I don't have the same warm and fuzzy feeling about Facebook I did with Google.

    Tristan

    PS...my broker told me to wait period.
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    May 18, 2012 2:02 AM GMT
    I used facebook back when it requried a .edu email--it was for college campuses. This was back in my freshman year of college, ie 2004.

    I have quit facebook 2 years ago and haven't looked back. I already figured out that society doesn't need to know every sordid detail of my imperfect life, nor do my parents, employers, or acquaintances. You don't have 500 friends, you probably have 10 and the rest are spies trying to keep up with the Jones's or wield political power.

    Furthermore, the ads were completely an invasion of privacy. As a newly out gay man around the time, I was not ready to look at Facebook in any public environment (school computer labs) due to the highly provocative shirtless straight male actors acting gay for modeling shoots for various gay websites and gay-only social networks.

    I never found any worthwhile connections that made me new friends, got me new jobs, or connecting me to old friends in a beneficial way. On the contrary. I lost friends, parents had too much connection to me even out of state as helicopter baby boomer parents (you know the kind who see you as an extension of their success in your achievements and push you non stop until you push back and stop all communication). People finding out about you and knowing what you're doing all the time, 500 people sending messages to you when you don't have time to answer them, assuming you're a bitch for not answering, and Facebook spamming your email telling you that so and so posted some inanity on your wall--all are reasons.

    When potentials find out I don't have facebook, they think I'm weird these days. I guess you think it's FUN to have random people learn about you on paper rather than in person? If you have an atypical perspective on life due to your experiences differing from the masses, Facebook or any on-paper introduction is not for you. Is there anyone on this site who thinks they had the typical growing up experience? I sure didn't. Any religiously raised gay man probably has the same issues I do.

    Then to be labeled as weird, liberal, flamer, jock, or whatever they want to call you based on a page when they never asked you why you put such and such on your page for self expression....Facebook is an invasion of privacy.

    That's my view on it, and I don't care what sort of opportunities I lose in life as long as I can maintain a self that isn't given to marketing databases for revenue and to learn about me in ways I would prefer they don't know about.

    What will they do next? Start tracking whether or not you are a top or bottom? Start tracking the types of people you interact with and realizing you might like X product at Y price?

    No. That is not the life I want to live.

    Perhaps I'm sounding off a bit strongly, but my fucking neighbor is playing his floor bass again.
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    May 18, 2012 2:13 AM GMT
    Connextion.......Hi5......Myspace......Facebook and it'll soon be replaced in popularity by twitter. Just like the previous 3 all had their fads and fame and then fade. Stock is not worth it.
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    May 18, 2012 2:14 AM GMT
    musclefetish1 saidI may throw in $10K and watch what happens to it over the next year. For some reason I don't feel that they will live up to the expectations.

    Back in 2001 my first dive into the market, on my own, was with Google at about $200.00 a share. I only had 50K to play with so I only bought about 250 shares. Over the years I've kept buying.
    At today's closing Google was at $623.05 a share. icon_cool.gif
    But I don't have the same warm and fuzzy feeling about Facebook I did with Google.

    Tristan

    PS...my broker told me to wait period.


    Umm dude you may be full of shit. Google didn't go public on the stock market until August of 2004 and the share price was 85.00 a share.

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    May 18, 2012 9:36 AM GMT
    keepitclassy21 said
    musclefetish1 saidI may throw in $10K and watch what happens to it over the next year. For some reason I don't feel that they will live up to the expectations.

    Back in 2001 my first dive into the market, on my own, was with Google at about $200.00 a share. I only had 50K to play with so I only bought about 250 shares. Over the years I've kept buying.
    At today's closing Google was at $623.05 a share. icon_cool.gif
    But I don't have the same warm and fuzzy feeling about Facebook I did with Google.

    Tristan

    PS...my broker told me to wait period.


    Umm dude you may be full of shit. Google didn't go public on the stock market until August of 2004 and the share price was 85.00 a share.


    "Umm dude"...back off oh faceless tough guy.
    I may have the date incorrect, I will have to check with my broker.
    I got into Google much later than its initial opening and very low price. Despite that, its rate of climb has been great.
    Facebook may surprise us in the future, but I doubt it. (I hope so for those that do invest heavily initially.)

    Tristan
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    May 18, 2012 9:54 AM GMT
    Short term yes.... long term NO!
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    May 18, 2012 10:42 AM GMT
    JPtheBITCH saidAlmost certainly none of you will get it at the issue price---that's been pre-sold to the friends and clients of the underwriting banks. And there's nothing illegal or sinister about that, it's been standard practice for IPOs going back to at least the 1960s.

    What you can get your hands on are the first secondarily-traded shares, which will be available almost at the opening bell. And those carry a big risk, particularly in view of GM's decision not to advertise on FB anymore.


    Goldman is selling half of its shares and other banks are acting in a similar fashion. This is highly unusual out of the gate.

    Facebook is being valued based on potential. However, Facebook users don't click on enough ads to warrant this valuation. Looking at other revenue streams for FB is scary, too. For example, Zynga has already lost a significant amount of revenue over the past 6 months due to waning interest from "gamers", and given the fact that close to 25% of Facebook's revenue comes from Zynga ... you do the math.

    I wouldn't touch this one.
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    May 18, 2012 1:51 PM GMT
    www.50centsloseweight.com
    swall1963 saidI expect it to open at 50 tomorrow and possibly trade up to as high as 60 during the day. Next week will be the test to see if can hold the post IPO hype.

    It is amazing!
  • swall1963

    Posts: 161

    May 18, 2012 4:20 PM GMT
    DarthCa1 saidwww.50centsloseweight.com
    swall1963 saidI expect it to open at 50 tomorrow and possibly trade up to as high as 60 during the day. Next week will be the test to see if can hold the post IPO hype.

    It is amazing!


    Well, so much for prognostication. It opened at $42, went to a high (so far) of $45 and has backed off from that.
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    May 18, 2012 7:20 PM GMT
    Here at 3:20 pm it's basically back to $38. A lot of folks who bought after trading opened have lost quite a bit of money today.
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    May 18, 2012 8:05 PM GMT
    Everyone DELETE your facebook page!!!
  • Posted by a hidden member.
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    May 18, 2012 8:50 PM GMT
    Heh. Related here -

    http://www.realjock.com/gayforums/2380126