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(USA Today)   If you bought Facebook stock during its IPO, congratulations, for a few minutes this morning you almost broke even on it   ( divider line
    More: Fail, Facebook, IPO, Facebook shares, blood, morning  
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1906 clicks; posted to Geek » on 31 Jul 2013 at 3:40 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-07-31 04:48:03 PM  
3 votes:

Esc7: thornhill: HMS_Blinkin: Is there anyone that didn't see that coming a mile away?  FB stocks were so over-pumped before the IPO, it was almost guaranteed that they'd peak during their first day or two of trading.

All the data was out there about how poorly their ad revenue compares to Google and yet the valuation assumed they'd somehow surpass Google.

But this is the nature of speculation...

People are assuming that having 1 billion users must mean something.  That this social network will be important enough to users for them to suffer advertising in large enough quantities to make a profit.

Even though internet advertising has been around since the 90s and Google ostensibly makes it bread and butter that way, I'm still not convinced that there's just enough money in web advertising for it be where all the money comes from.

You just have to know this one weird trick to make money selling online ads.
2013-07-31 08:03:13 PM  
1 vote:

Lobo2010: "spank the monkey and win $10,000"

Man, I WISH!
2013-07-31 06:19:11 PM  
1 vote:
I bought FB at $19.60, so thanks for reminding me about it :)
2013-07-31 05:28:19 PM  
1 vote:

colonel0sanders: They can just charge people $5/month for superfacebook

Yeah.  Because you're going to be able to find idiots that will pay to use a site that they can use for free.
2013-07-31 04:16:41 PM  
1 vote:
This is why I still have my hoard of Beanie Babies.
2013-07-31 04:03:41 PM  
1 vote:
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