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(Forbes)   Facebook face plants   (forbes.com) divider line 42
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3895 clicks; posted to Business » on 27 Jul 2012 at 8:09 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-27 08:10:30 AM  
Like.
 
2012-07-27 08:16:06 AM  
Damn. That was my fastest green light ever. I think an admin must have been waiting for a Facebook story.

That said, FB is gonna drop like a rock at the opening bell.
 
2012-07-27 08:29:15 AM  
It's Complicated.
 
2012-07-27 08:34:48 AM  
People realizing that Facebook is stupid? I'm shocked.
 
2012-07-27 08:35:20 AM  
Who would have thought that an internet service with no discernible ability to utilize the mountains of data it collects and that didn't offer any solutions on ipo would tank so completely?
 
m3h
2012-07-27 08:36:00 AM  
I'm gonna buy up all of these shares that people are selling! Facebook will bounce back, I know it will! There are waaaaaay too many people that use the free service with crappy ad ratings for it fail! #gonnagetrich #woooooo #takemeonholidayzuck
 
2012-07-27 08:42:19 AM  
DIVIDENDS. Start paying them.

This BS about taking profits by selling the stock is not for real companies. It's for companies that are doing edgy stuff. Apple's war chest? The One larger than California's Economy? Yeah, that's the dividends not paid to shareholders.

In fact, I'll argue that whoever is running these stock markets needs to make some rules :

1. No stocks for over 100$ (for too long). If you close on Friday at $120, by Monday, you should be splitting to $60 each.
2. No stocks under 10$ (for too long). If your Friday close is $7 or less, it should reverse-split into 14$ by Monday morning.
3. All companies must pay a dividend of at least .01 per share per quarter. Payment date dependent on your Ticker Symbol - A-Z

Yes, I'm looking at you AAPL ($574.88), IBM ($193.95) and Berkshire Hathaway ($127,150.00)
 
2012-07-27 08:43:09 AM  
So, FB's overhyped (and possibly unethically manipulated) IPO constitutes a second Internet bubble?

Wow, attention spans really have dropped to almost nothing, haven't they?
 
2012-07-27 08:53:15 AM  

xtragrind: People realizing that Facebook is stupid? I'm shocked.


Perhaps it's more that it has been data mined down to the bare bones and there are no more interested parties to pay for the info.
 
2012-07-27 08:59:18 AM  

SockMonkeyHolocaust: Who would have thought that an internet service with no discernible ability to utilize the mountains of data it collects and that didn't offer any solutions on ipo would tank so completely?


It's interesting because for the last 5+ years I've been hearing about how there's this targeted marketing bonanza coming based on data mining, but it never seems to happen. No one can figure out how to monetize all of this data. I heard it again with FB, and I dare to say that I don't see them figuring out how to do it either.
 
2012-07-27 09:05:04 AM  

SockMonkeyHolocaust: Who would have thought that an internet service with no discernible ability to utilize the mountains of data it collects and that didn't offer any solutions on ipo would tank so completely?


The problem is that every Joe -chmoe thought they could outsmart Wall street. You can't. Everyone said Facebook was going to be Google 2.0. They pointed to Linked in, which doubled in the first couple days and said...well, if Linked in doubled...that must mean Facebook is going to Triple..or Quadruple.

Everyone, including Wallstreet Hedge funds, has been eye-balling this IPO for years. It wasn't a question of "IF", but rather "When?" You think you can beat a dozens of Fund Managers who have teams dedicated to figuring out how to screw everyone else? Go for it...I mean you did watch a couple episodes of Mad Money, and your buddy knows a guy who is "totes gunna make a killin' on dis IPO...."
 
2012-07-27 09:05:28 AM  
Was there ever a follow up to that guy who used his daughter's college fund money to buy facebook stock?
 
2012-07-27 09:09:48 AM  

DjangoStonereaver: So, FB's overhyped (and possibly unethically manipulated) IPO constitutes a second Internet bubble?

Wow, attention spans really have dropped to almost nothing, haven't they?


I don't know that attention spans are shorter, maybe it's that there's more (and more intrusive) distrac...
hang on a sec

Aarontology: Was there ever a follow up to that guy who used his daughter's college fund money to buy facebook stock?


I'm thinking she's probably going to need to earn a scholarship.

DjangoStonereaver: So, FB's overhyped (and possibly unethically manipulated) IPO constitutes a second Internet bubble?

Wow, attention spans really have dropped to almost nothing, haven't they?


Sorry, what were we talking about?
 
2012-07-27 09:11:43 AM  

DjangoStonereaver: (and possibly unethically manipulated) IPO


and possibly unethically manipulated IPO
 
2012-07-27 09:26:38 AM  

AbbeySomeone: xtragrind: People realizing that Facebook is stupid? I'm shocked.

Perhaps it's more that it has been data mined down to the bare bones and there are no more interested parties to pay for the info.


DING! Give the lady a Kewpie doll!
 
2012-07-27 09:29:45 AM  

rubi_con_man: DIVIDENDS. Start paying them.

This BS about taking profits by selling the stock is not for real companies. It's for companies that are doing edgy stuff. Apple's war chest? The One larger than California's Economy? Yeah, that's the dividends not paid to shareholders.

In fact, I'll argue that whoever is running these stock markets needs to make some rules :

1. No stocks for over 100$ (for too long). If you close on Friday at $120, by Monday, you should be splitting to $60 each.
2. No stocks under 10$ (for too long). If your Friday close is $7 or less, it should reverse-split into 14$ by Monday morning.
3. All companies must pay a dividend of at least .01 per share per quarter. Payment date dependent on your Ticker Symbol - A-Z

Yes, I'm looking at you AAPL ($574.88), IBM ($193.95) and Berkshire Hathaway ($127,150.00)


i0.kym-cdn.com
 
2012-07-27 09:49:23 AM  
And now Forbes gives us 6 Reasons Facebook is a $7 Stock Link
 
2012-07-27 09:50:06 AM  

Aarontology: Was there ever a follow up to that guy who used his daughter's college fund money to buy facebook stock?


I think I saw one in the obituaries pages.
 
2012-07-27 10:01:27 AM  
Pet rocks, cabbage patch dolls, low carb diets, lazer tag, virtual reality, friendster, napster, my space, the Facebook. Com
 
2012-07-27 10:02:29 AM  
Congratulations Subby, the Wall Street Journal Report just stole your joke.
 
2012-07-27 10:09:42 AM  
Opened at 23.19 and fell. Bounced a little at 22.46 (programmed buys at 22.50?), and is falling again.

Market cap at IPO: ~$81B

Market cap now: ~$49B (down 40% since IPO)

Share price to be at half of IPO value: $19

We probably won't hit $19 today, but by the next quarterly report, we'll be under it.
 
2012-07-27 10:12:16 AM  

babysealclubber: Congratulations Subby, the Wall Street Journal Report just stole your joke.


// Does happy dance

They can have it.
 
2012-07-27 10:21:26 AM  

rdu_voyager: Damn. That was my fastest green light ever. I think an admin must have been waiting for a Facebook story.


Obviously waiting eagerly, too. Too eagerly to wait for a better one, or one that was actually literate. Faceplant = falling on your face. Face plant = something weird that you find in a garden or terra cotta pot, or a factory that grows or manufactures artificial countenances.

-1 you
-11 over-eager lighter of the green
 
2012-07-27 10:27:45 AM  

rubi_con_man: 1. No stocks for over 100$ (for too long). If you close on Friday at $120, by Monday, you should be splitting to $60 each.
2. No stocks under 10$ (for too long). If your Friday close is $7 or less, it should reverse-split into 14$ by Monday morning.


You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.
 
2012-07-27 10:32:42 AM  

lohphat: You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.


You seem wholly unfamiliar with the term "brokerage".
 
2012-07-27 10:39:45 AM  

rubi_con_man: DIVIDENDS. Start paying them.

This BS about taking profits by selling the stock is not for real companies. It's for companies that are doing edgy stuff. Apple's war chest? The One larger than California's Economy? Yeah, that's the dividends not paid to shareholders.

In fact, I'll argue that whoever is running these stock markets needs to make some rules :

1. No stocks for over 100$ (for too long). If you close on Friday at $120, by Monday, you should be splitting to $60 each.
2. No stocks under 10$ (for too long). If your Friday close is $7 or less, it should reverse-split into 14$ by Monday morning.
3. All companies must pay a dividend of at least .01 per share per quarter. Payment date dependent on your Ticker Symbol - A-Z

Yes, I'm looking at you AAPL ($574.88), IBM ($193.95) and Berkshire Hathaway ($127,150.00)


what problem do you think this will solve?
 
2012-07-27 10:48:01 AM  

lohphat: rubi_con_man: 1. No stocks for over 100$ (for too long). If you close on Friday at $120, by Monday, you should be splitting to $60 each.
2. No stocks under 10$ (for too long). If your Friday close is $7 or less, it should reverse-split into 14$ by Monday morning.

You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.


Maybe he is very familiar, and runs a company that makes a lot of money doing just that for NYSE, Nasdaq, etc.
 
2012-07-27 10:53:40 AM  

Balchinian: rdu_voyager: Damn. That was my fastest green light ever. I think an admin must have been waiting for a Facebook story.


Obviously waiting eagerly, too. Too eagerly to wait for a better one, or one that was actually literate. Faceplant = falling on your face. Face plant = something weird that you find in a garden or terra cotta pot, or a factory that grows or manufactures artificial countenances.

-1 you
-11 over-eager lighter of the green


My milk shake! Why do you have to drink it?

Ewe sea that space? Eye did it own porpoise this thyme.
 
2012-07-27 11:03:11 AM  
Jeez, 14% off this morning. People are losing their shirts.
 
2012-07-27 11:18:38 AM  

BarkingUnicorn: And now Forbes gives us 6 Reasons Facebook is a $7 Stock Link


Sounds about right. Maybe closer to $5. I've long maintained Facebook's value is almost entirely dependent on the information it owns and collects about its users.
 
2012-07-27 11:35:14 AM  
Now see, if the investors had just read Fark.com comment posts they could avoided all of this. But nooo.
What could several thousand people who read news everyday possibly know?

(Not the politics tab)
 
2012-07-27 01:15:37 PM  
Facebook is dead.
 
2012-07-27 03:42:13 PM  

KFBR392: Everyone said Facebook was going to be Google 2.0.


Only idiots who believed the hype thought that. The problem was there was no reason for Facebook to become a joint-stock company at all.

Companies usually go IPO to amass a large amount of capital to expand operations or meet expenses. Facebook is not in this position. It has no problem securing financing to continue operations, its product is free, its support network (ie: users) is cheap and its expenses are all services: A gaggle of programmers, developers and designers to keep the API running.

The real reason Facebook went IPO is because its initial investors wanted to cash out. Almost all of the capital raised in the IPO did not go toward expansion of operations or hiring new divisions but directly into investors pockets. There's no dividends coming.

Facebook reached critical mass as a market idea three years ago and it has nowhere to go so it is stagnant. Everyone who knew anything about the company was well aware that this was going to happen.
 
2012-07-27 05:54:47 PM  
Sothis is why there won't be a FB phone

/thank god
 
2012-07-27 06:10:45 PM  

Mawson of the Antarctic: Sothis is why there won't be a FB phone

/thank god


A Facebook phone is a deeply stupid idea. There no point in one, execpt to give tech journalists something to write about.
 
2012-07-27 11:26:15 PM  
Again, facebook was never worth 100B dollars. They KNEW they werent worth a 100B, they just put some stock out there and said "if you THINK we are worth 100B, buy this at that price"

Their value has NOT dropped to 2/3 of what it was pre IPO, it might have actually risen.
 
2012-07-27 11:56:29 PM  
And now Zuckerberg joins Andreessen as a propped up poster boy with no real skills but celebrity cache.
 
2012-07-28 06:51:42 AM  
Most of the wealth they have generated will be shared by a small group of company founders and venture capitalists while public stock market investors are being left with losses.

Facebook's mission is to give hoodwink people the power to share and make the world more open and connected.
 
2012-07-28 03:16:14 PM  

lohphat: You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.


Have you heard of these things called 'COMPUTERS' ?

They make large scale data transformation trivial.

oh, also : ALL STOCK should be VOTING STOCK.
 
2012-07-28 04:04:27 PM  

rubi_con_man: lohphat: You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.

Have you heard of these things called 'COMPUTERS' ?

They make large scale data transformation trivial.

oh, also : ALL STOCK should be VOTING STOCK.


It's not the companies' process on how to handle stock certificates it's the SEC rules. It also complicates tax calculation if the face value of the stock keeps changing.
 
2012-07-28 04:05:24 PM  

rubi_con_man: lohphat: You seem quite unfamiliar with the paperwork required to track and re-issue stock certificates for all shareholders when the face value changes.

Have you heard of these things called 'COMPUTERS' ?

They make large scale data transformation trivial.

oh, also : ALL STOCK should be VOTING STOCK.


Who cares? The insiders and institutions own most of the stock anyway. Your 50 shares don't mean diddlysquat.
 
2012-07-28 04:55:13 PM  

Rapmaster2000: Jeez, 14% off this morning. People are losing their shirts.


And promptly posting the pictures to their timeline!
 
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