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(C|Net)   The Bankers Must Be Crazy II   (news.cnet.com) divider line 21
    More: Dumbass, institutional investors, road shows, face time, Peter Thiel, Mark Zuckerberg, photo sharing, IPO, Menlo Park  
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5009 clicks; posted to Business » on 12 Apr 2012 at 1:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



21 Comments   (+0 »)
   
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2012-04-12 11:33:49 AM
Poor, poor Zuckerberg. His bankers are demanding that he act like a salesman... so that they can demand more from him.

fark them.
 
2012-04-12 11:56:04 AM
Never thought I'd be cheering for Zuckerberg, but I hope he keeps treating them like dirt.
 
2012-04-12 01:54:35 PM
When everyone wants to suck your d!ck, why would you treat them with respect or follow their demands?
 
2012-04-12 01:59:29 PM
So how soon after the IPO should a person start shorting Facebook?
 
2012-04-12 02:05:05 PM

KierzanDax: When everyone wants to suck your d!ck, why would you treat them with respect or follow their demands?


Ask your mom.
 
2012-04-12 02:26:44 PM
Why does the whole Facebook IPO reek of a Ponzi scheme to me?

/Kinda reminds me of when Full Tilt went down
 
2012-04-12 02:34:28 PM
So ... is the company still his or not? He could wreck the damn thing if he wants to and the bankers can't do anything about it.

Think they'll rush his IPO a bit to wrest it from him?
 
2012-04-12 02:49:23 PM

relaxitsjustme: So how soon after the IPO should a person start shorting Facebook?


You need to wait until at least until their first quarterly report. Right now, Facebook is "THE" social media website. No one even comes close. They essentially don't have any competition.

You'll know whether to short after their reports. You'll find out whether that "$1 billion" a year is real or not. Remember back when groupon was saying they had made like $500 million a year...but in reality that number was like $100 million...becuase they didn't factor in a bunch of other debts/liabilities. Assuming facebook is infact making $1 billion a year...there is n reason for them not to keep doing that year after year.
 
2012-04-12 03:12:14 PM
Are they good business reasons for Facebook to go public? They don't seem short of capital if they can blow $1 billion on a photo app. Is the IPO a way for the bankers and earlier investors to cash out, while the general public gets screwed?
 
2012-04-12 03:22:02 PM
Why kiss ass? Bankers need to realize that they are a service class, not the ruling class, and it's high time someone reminded them of that.
 
2012-04-12 03:26:30 PM
hehe,

Said bankers would gut their own mothers just to get the chance to lick the sweat from this guys balls...
 
2012-04-12 03:45:00 PM
Kind of hard to decide who to root for here.
 
2012-04-12 04:00:09 PM

Bad_Seed: Are they good business reasons for Facebook to go public? They don't seem short of capital if they can blow $1 billion on a photo app. Is the IPO a way for the bankers and earlier investors to cash out, while the general public gets screwed?


FTA: They were bumping up against federal rules that would have made them file reports the same as public companies, so they decided to join the party.
 
2012-04-12 04:20:17 PM

Mr.Tangent: Bad_Seed: Are they good business reasons for Facebook to go public? They don't seem short of capital if they can blow $1 billion on a photo app. Is the IPO a way for the bankers and earlier investors to cash out, while the general public gets screwed?

FTA: They were bumping up against federal rules that would have made them file reports the same as public companies, so they decided to join the party.


Yeah, that struck me as a weak excuse. Cargill, Koch industries and many other private companies, many times larger than Facebook don't feel the need to "join the party". People are apparently valuing Facebook at $100 billion based on a modest $1 billion in revenue. Given the hype being built up around the IPO, it sound to me like they're trying to fleece a bunch of gullible investors.
 
2012-04-12 05:21:12 PM

H31N0US: Kind of hard to decide who to root for here.


In cases like this, I generally root for meteors and lightning.
 
2012-04-12 06:21:32 PM

FormlessOne: Why kiss ass? Bankers need to realize that they are a service class, not the ruling class, and it's high time someone reminded them of that.


Basically. I would do the same thing and enjoy every minute of it.

I guess The Social Network was more accurate than we thought.
 
2012-04-12 07:45:20 PM

FormlessOne: Why kiss ass? Bankers need to realize that they are a service class, not the ruling class, and it's high time someone reminded them of that.


I agree. I only wish my employer would remind my health insurance company of the same thing too and make them lower their rates and deductible too.
 
2012-04-12 08:27:21 PM
fta:
but you'd think Zuckerberg would want go on the roadshow and give the guys charged with drumming up interest in the stock a heads-up that a $1 billion acquisition is in the works, especially since the stock is expected to start trading later this month or in May.
As one longtime Silicon Valley VC remarked to me about Zuckerberg's behavior: "Not if you are emperor."


You Know, I DO see the resemblance:

asset3.cbsistatic.com

www.vroma.org
 
2012-04-13 12:42:12 AM

Magorn: fta:
but you'd think Zuckerberg would want go on the roadshow and give the guys charged with drumming up interest in the stock a heads-up that a $1 billion acquisition is in the works, especially since the stock is expected to start trading later this month or in May.
As one longtime Silicon Valley VC remarked to me about Zuckerberg's behavior: "Not if you are emperor."

You Know, I DO see the resemblance:

[asset3.cbsistatic.com image 610x406]

[www.vroma.org image 235x280]


Ha ha ha!
 
2012-04-13 09:11:11 AM

mrtoadswildride: relaxitsjustme: So how soon after the IPO should a person start shorting Facebook?

You need to wait until at least until their first quarterly report. Right now, Facebook is "THE" social media website. No one even comes close. They essentially don't have any competition.

You'll know whether to short after their reports. You'll find out whether that "$1 billion" a year is real or not. Remember back when groupon was saying they had made like $500 million a year...but in reality that number was like $100 million...becuase they didn't factor in a bunch of other debts/liabilities. Assuming facebook is infact making $1 billion a year...there is n reason for them not to keep doing that year after year.


I honestly don't know why he's finally angling for an IPO now, unless he knows Facebook is about to peak. I remember a couple of years ago the head of Monster (the one that makes the A/V cables) was asked why they did go public and rake in the profits. He said something to the effect of "then I'd have to disclose my financials" and people would know how much of a farce their price structure is, and the jig would be up. Of course, people aren't going to stop needing connecting cables* any time soon, but people might move on to some other form of social connection.

*Needing a gold-plated cable being a construct of the individual's gullibility, of course.
 
2012-04-13 12:50:59 PM
Zuckerberg seems like a douche but anyone who is pissing off bankers is alright in my book.
 
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