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(Newser)   If you ever wanted to pick up Facebook stock for pennies on the dollar, today's your day   (newser.com) divider line 36
    More: Followup, Facebook, lock-up period, Facebook stock, online social networks, buckles, dollars  
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3297 clicks; posted to Business » on 16 Aug 2012 at 9:45 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-16 09:52:00 AM
that's a market-value decline of about $40 billion, making Facebook the worst-ever large-scale IPO on record by Bloomberg's calculations.

img.photobucket.com
 
2012-08-16 09:55:24 AM
$20 a share right now.
 
2012-08-16 10:05:29 AM
disgracebook
Fail
tweet this biatch
like?
 
2012-08-16 10:08:50 AM
You'll know if Facebook is a dog if all of these shares appear on the market. If Goldman et al thought they were a good deal, they'd hang on to them.
 
2012-08-16 10:11:42 AM
Wait a bit longer and they'll be $1.25/share or less.
 
2012-08-16 10:16:06 AM

If you ever wanted to pick up Facebook stock


No, thank you.
 
2012-08-16 10:17:16 AM
Pennies on the dollar? Only if they're actually worth something.

I think they're most likely actually worth pennies on the pennies...
 
2012-08-16 10:17:35 AM

shotglasss: Wait a bit longer and they'll be $1.25/share or less.


Nah, the floor is around $3-4/share, based on full dilution and projected EPS.
 
2012-08-16 10:33:50 AM
Below 20 now.
 
2012-08-16 10:39:44 AM
I knew it would hit $16 in short order, but the bottom is probably closer to $7.
 
2012-08-16 10:43:44 AM
Groupon is still a quality stock, right?
 
2012-08-16 10:44:26 AM
under $20 at the 90 day mark? Damn, that was an easy prediction.

I'm gonna put on my wizard hat and claim my bet winnings from all of those stupid friends of mine that though FB was some powerhouse.
 
2012-08-16 10:47:46 AM
I think a $20 lunch is a better investment
 
2012-08-16 10:50:42 AM
I know there is a smart Farker than can answer this:

I read that when the IPO was to hit, and the company valued at 100+ billion. Zuckerberg was going to have to pay a windfall tax for his shares somewhere around 3/4 billion, and was going to sell a portion of his shares to cover that tab.

If the stock continues to drop, does he have to pay that original price tag windfall amount, or is it adjusted to an amount based on the current value of his shares?
 
2012-08-16 10:52:12 AM

FinFangFark: I know there is a smart Farker than can answer this:

I read that when the IPO was to hit, and the company valued at 100+ billion. Zuckerberg was going to have to pay a windfall tax for his shares somewhere around 3/4 billion, and was going to sell a portion of his shares to cover that tab.

If the stock continues to drop, does he have to pay that original price tag windfall amount, or is it adjusted to an amount based on the current value of his shares?


Since any gains are unrealized until he sells his shares, the original price tag will decrease according to the value of his shares when he hits the 'Unload this ****' button.
 
2012-08-16 10:53:25 AM
img541.imageshack.us

When buying stock, it's always wise to consider your broker's point of view.
 
2012-08-16 10:53:57 AM

El Uno Magnifico: FinFangFark: I know there is a smart Farker than can answer this:

I read that when the IPO was to hit, and the company valued at 100+ billion. Zuckerberg was going to have to pay a windfall tax for his shares somewhere around 3/4 billion, and was going to sell a portion of his shares to cover that tab.

If the stock continues to drop, does he have to pay that original price tag windfall amount, or is it adjusted to an amount based on the current value of his shares?

Since any gains are unrealized until he sells his shares, the original price tag will decrease according to the value of his shares when he hits the 'Unload this ****' button.


Gracias amigo.

So he could potentially pay 1/3 of what was projected if the stock keeps sliding down, and hits $10 by year end?
 
2012-08-16 10:58:08 AM
I felt a great disturbance in the Force, as though millions of fools cried out in terror and were suddenly parted from their money.
 
2012-08-16 10:58:44 AM

imontheinternet: I felt a great disturbance in the Force, as though millions of fools cried out in terror and were suddenly parted from their money.


Yeah, I heard Zynga is taking it pretty hard.
 
2012-08-16 11:23:14 AM
How about NOOOOOOOOOOOOO!
 
2012-08-16 11:40:26 AM
Would buy some when it hits fiddy sents.
 
2012-08-16 11:47:05 AM
Failbook

/amirite?
 
2012-08-16 11:49:32 AM

FinFangFark: under $20 at the 90 day mark? Damn, that was an easy prediction.

I'm gonna put on my wizard hat and claim my bet winnings from all of those stupid friends of mine that though FB was some powerhouse.


Don't forget your robe.
 
2012-08-16 11:55:50 AM
As these stories emerge, I think back to the IPO and the people who were crowing that they got a piece of it because they knew somebody, and I get a chuckle.
 
2012-08-16 11:58:46 AM

jjorsett: As these stories emerge, I think back to the IPO and the people who were crowing that they got a piece of it because they knew somebody, and I get a chuckle.


Oh, and when I recall that the state of California based its budget on expected tax revenue from the IPO, I get sick to my stomach.
 
2012-08-16 12:05:31 PM

jjorsett: jjorsett: As these stories emerge, I think back to the IPO and the people who were crowing that they got a piece of it because they knew somebody, and I get a chuckle.

Oh, and when I recall that the state of California based its budget on expected tax revenue from the IPO, I get sick to my stomach.


Did they really? Sigh. Though, it is California...
 
2012-08-16 12:20:59 PM
There was a Farker that was going to put all of his kids college fund into the FB IPO. Wonder if he did that or not?
 
2012-08-16 12:24:33 PM

cig-mkr: There was a Farker that was going to put all of his kids college fund into the FB IPO. Wonder if he did that or not?


It wasn't a Farker it was some dude in an article from CNBC I got greened. The advice from the analyst was "don't do it, man!" I hope he didn't. I never saw a followup.
 
2012-08-16 12:27:52 PM
I've heard they're thinking of developing a phone. Maybe they could buy HP's webOS division and name it Facepalm.
 
2012-08-16 12:28:33 PM

Rapmaster2000: cig-mkr: There was a Farker that was going to put all of his kids college fund into the FB IPO. Wonder if he did that or not?

It wasn't a Farker it was some dude in an article from CNBC I got greened. The advice from the analyst was "don't do it, man!" I hope he didn't. I never saw a followup.


No, wait, it was Business Insider. Here's the link to the huge for the business tab thread. I hope I didn't make any bad predictions in here:

Link
 
2012-08-16 12:28:41 PM

Mega_Doof: $20 a share right now.


Still $15 more than it's worth, being generous.
 
2012-08-16 12:53:35 PM
Let's see. P/E of 70. Questionable revenue growth potential and a flagging user base.

Yeah. This stock is power farked. Wake me when it hits $5.
 
2012-08-16 12:58:37 PM
Also, I have always been strongly opposed to shorting stock. I just find it ethically wrong to invest in decay, as opposed to investing in growth...if a company is failing, invest in the company that is filling that void rather than shorting the failing company. Also, shorting a stock comes with some crazy stupid risk.

That said, damn if I'm not insanely tempted to short the crap out of FB.

/but I won't
 
2012-08-16 01:29:55 PM

natazha: shotglasss: Wait a bit longer and they'll be $1.25/share or less.

Nah, the floor is around $3-4/share, based on full dilution and projected EPS.


That's what I said when I bought WorldCom for $3.50.
 
2012-08-16 03:07:45 PM
Randolph Duke: Exactly why do you think the price of Facebook is going to keep going down, William?

Billy Ray Valentine: Okay, Facebook prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own Facebook stock are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.

Randolph Duke: [on the ticker machine, the price keeps dropping] He's right, Mortimer! My God, look at it!
 
2012-08-16 06:37:33 PM
Facebook closed at $19.87... First time closing below $20
 
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