FACEBOOK IPO worth 1 billion?
Talk about an instant bubble.

Somehow I keep thinking it's the "dot com" bust all over again.

Quote from: CubaLibre on May 14, 2012, 01:24:20 PM
Somehow I keep thinking it's the "dot com" bust all over again.

Pretty much. I heard a study of those that invested, 90%+ had 1 year or less experience in investing.
In other words' kids wanting to own a piece of their life, or rather, lack there of.

I thought they were wanting a $100B valuation?

This lady has a pretty interesting take on this whole big ass gamble.

http://beta.fool.com/halina23/2012/05/08/why-you-should-not-buy-facebooks-ipo/4251/

After they go public, the whole thing will turn into a clusterf*...   Something better will come along I think.  Maybe not this year or next year, but they will be able to catch fire.  When there is another good alternative, people will leave, just like MySpace.

Quote from: taxed on May 14, 2012, 02:53:10 PM
After they go public, the whole thing will turn into a clusterf*...   Something better will come along I think.  Maybe not this year or next year, but they will be able to catch fire.  When there is another good alternative, people will leave, just like MySpace.

That's how I see it as well, they got, while the gettin was good.

They claim they will grow through ad selling, but if another social site comes along and takes the lead, this, as you said, like myspace, Facebook will crumble as well.
I have a feeling they knew Facebook had peaked and wanted to cash in.

Quote from: Solar on May 14, 2012, 03:10:54 PM
That's how I see it as well, they got, while the gettin was good.

They claim they will grow through ad selling, but if another social site comes along and takes the lead, this, as you said, like myspace, Facebook will crumble as well.
I have a feeling they knew Facebook had peaked and wanted to cash in.

I think so too.  They got to 350mm members... not to shabby, but it's a different ship than a few years ago...

Quote from: taxed on May 14, 2012, 03:13:33 PM
I think so too.  They got to 350mm members... not to shabby, but it's a different ship than a few years ago...

Yep, Myspace, Twitter, Bebo and many more were all at the top at one time, all in a short time frame and Facebook is no different.
I wish I knew what the next one coming along is called, I'd buy right now and get in on the bottom, not the top like Facebook.

The MSM was stating that insiders have the first bids for the stock, then the big money investors, followed by everyone else.
That sounds like a big ponzi to me.

Quote from: Ford289HiPo on May 14, 2012, 09:00:56 PM
The MSM was stating that insiders have the first bids for the stock, then the big money investors, followed by everyone else.
That sounds like a big ponzi to me.

LOL! That's what I said to ST, and the Gov does nothing about it because all the money they'll pull in from capital gains taxes.

Quote from: Ford289HiPo on May 14, 2012, 09:00:56 PM
The MSM was stating that insiders have the first bids for the stock, then the big money investors, followed by everyone else.
That sounds like a big ponzi to me.

hahaha  not a bad deal buying it for .07 and dumping it to a bunch of suckers for $30...

Quote from: taxed on May 14, 2012, 02:53:10 PM
After they go public, the whole thing will turn into a clusterf*...   Something better will come along I think.  Maybe not this year or next year, but they will be able to catch fire.  When there is another good alternative, people will leave, just like MySpace.

Luckily for us, I don't think Facebook has forums. 

Quote from: CubaLibre on May 15, 2012, 07:23:16 AM
Luckily for us, I don't think Facebook has forums. 

I thought that's what it is, an open forum, kinda?

Quote from: Solar on May 15, 2012, 07:32:55 AM
I thought that's what it is, an open forum, kinda?

Pretty much. I guess it's useful for keeping in touch with family and close friends who live far away, but most people aren't responsible enough to watch what they post.

More businesses are screeing potential employees through what they post.