FACEBOOK IPO worth 1 billion?
Talk about an instant bubble. :scared: :laugh: :laugh: :laugh:
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. :laugh:
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/ (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. :blink:
Quote from: CubaLibre on May 15, 2012, 07:23:16 AM
Luckily for us, I don't think Facebook has forums. :blink:
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.
Quote from: CubaLibre on May 15, 2012, 07:37:53 AM
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.
That's why I like the program called Discuss, when you come across an article with Discuss, you can post instantly, but when all they offer are those social networking BS progs, the world can follow you right back to your home.
And like you say, a business or Gov entity that want's to know all about you, they have only to open facebook.
ST uses it, but I hate the POS, too easy to fraud someone using info. you've posted, or your friends post, even if you don't.
Quote from: Solar on May 15, 2012, 07:44:26 AM
That's why I like the program called Discuss, when you come across an article with Discuss, you can post instantly, but when all they offer are those social networking BS progs, the world can follow you right back to your home.
And like you say, a business or Gov entity that want's to know all about you, they have only to open facebook.
ST uses it, but I hate the POS, too easy to fraud someone using info. you've posted, or your friends post, even if you don't.
Check your PM...
Quote from: CubaLibre on May 15, 2012, 07:37:53 AM
More businesses are screeing potential employees through what they post.
That is easily turned around to an employees advantage. I post on FB. If I ever found that an employer was snooping on my FB page, it would be bye-bye. If I found that a potential employer was snooping, I'd cut off the process then and there.
The bright side to the issue is that there are jobs posted on various FB pages. It's not like LinkedIn, but I do know people who have gotten their foot in the door because they picked up on a link on FB.
Quote from: Ford289HiPo on May 15, 2012, 07:54:24 PM
That is easily turned around to an employees advantage. I post on FB. If I ever found that an employer was snooping on my FB page, it would be bye-bye. If I found that a potential employer was snooping, I'd cut off the process then and there.
The bright side to the issue is that there are jobs posted on various FB pages. It's not like LinkedIn, but I do know people who have gotten their foot in the door because they picked up on a link on FB.
Hmm... My understanding they ask you for your accounts and passwords.
Quote from: walkstall on May 15, 2012, 08:01:37 PM
Hmm... My understanding they ask you for your accounts and passwords.
Can I ask them about their sex life in exchange for that info?
Turn about is fair play!
Quote from: Ford289HiPo on May 16, 2012, 07:31:43 PM
Can I ask them about their sex life in exchange for that info?
Turn about is fair play!
Only if you think that will help you get hired. :tounge:
Quote from: walkstall on May 16, 2012, 07:41:08 PM
Only if you think that will help you get hired. :tounge:
Maybe the wife is hot and bored............ :rolleyes: :wink:
Don't have a facebook account and never will..
The investors MUST hang on to the stock for 3 months.....so in 3 months time we will see millionaires go bust and perhaps hopefully billionaires.
I don't think the eastcoasters saw this because of the time but while in Ca the CBS morning show was interviewing Govna Jerry Brown and he claimed that facebook was invented in Ca and Charlie Rose immediately corrected him and said it was invented in Mass.
Jerry Brown said 'well...it doesn't matter. They are here now.' And JB went on to say that Ca is like the wild west with entreprenurers. Maybe so but the men from the wild west wouldn't put up with the stuff I saw while there....LOL!
Ca is a great place to visit.
Solar.....good luck with Prop 29. They are going to cost a bunch of people with increased taxes.
Didn't take long for the kiddies to lose their parents money.
Facebook shares fell more than 13 percent, falling below its $38 price of its initial public offering, in the social network's second day of trading as a public company.
http://www.cnbc.com/id/47503280 (http://www.cnbc.com/id/47503280)
Quote from: Solar on May 21, 2012, 07:24:09 AM
Didn't take long for the kiddies to lose their parents money.
Facebook shares fell more than 13 percent, falling below its $38 price of its initial public offering, in the social network's second day of trading as a public company.
http://www.cnbc.com/id/47503280 (http://www.cnbc.com/id/47503280)
(https://conservativepoliticalforum.com/proxy.php?request=http%3A%2F%2Fi236.photobucket.com%2Falbums%2Fff2%2Fangry_cuban%2Fe7lcf4jpg.gif&hash=a36860dee1aa4587490327d07df2ca2feb39e459)
Quote from: CubaLibre on May 21, 2012, 10:15:08 AM
(https://conservativepoliticalforum.com/proxy.php?request=http%3A%2F%2Fi236.photobucket.com%2Falbums%2Fff2%2Fangry_cuban%2Fe7lcf4jpg.gif&hash=a36860dee1aa4587490327d07df2ca2feb39e459)
That's exactly how I responded when I read it, busted out loud laughing.
Only an idiot would but into the hype, and Facebook is full of them, just read their posts. :laugh:
Quote from: Solar on May 21, 2012, 11:05:55 AM
That's exactly how I responded when I read it, busted out loud laughing.
Only an idiot would but into the hype, and Facebook is full of them, just read their posts. :laugh:
HAH! :laugh: I saw that coming a mile away!