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Faebook IPO

 
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g5g5
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PostPosted: Tue May 22, 2012 7:06 am    Post subject: Faebook IPO Reply with quote

Anyone else here watching this drama?
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Y-Guy
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PostPosted: Tue May 22, 2012 9:39 am    Post subject: Reply with quote

Yep and getting a good laugh at it to be honest. Facebook is not the new Google that's for sure. I feel for those that jumped on the bandwagon, but then again it's gambling.
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Smithcraft
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PostPosted: Tue May 22, 2012 2:49 pm    Post subject: Reply with quote

For a company that doesn't make that much money to be valued so highly is silly.

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blazer
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PostPosted: Tue May 22, 2012 11:24 pm    Post subject: Reply with quote

They should probably rename the company Faceplant. Because that's what the stock chart may end up looking like. And the scary thing is, insiders are still locked up from cashing in for another 90 days. Heck, I wouldn't be surprised to see Facebook sitting in the single digits when all that selling kicks in. It's probably where it deserves to be anyways based on the PE.
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Smithcraft
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PostPosted: Wed May 23, 2012 4:56 am    Post subject: Reply with quote

There was a bit about it at Slashdot. Looks like there might have been some screwy things going on behind the scenes leading up to the release. The most beautiful bit to me, other than the pending SEC investigation, was that the stock should have been valued under $10 from the get go!

http://news.slashdot.org/story/12/05/23/0511216/sec-calls-for-review-of-facebook-ipo

SC
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Smithcraft
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PostPosted: Wed May 23, 2012 3:49 pm    Post subject: Reply with quote

Now it looks like a lawsuit over the alleged lack of disclosure!

http://yro.slashdot.org/story/12/05/23/1528212/facebook-zuckerberg-sued-over-ipo

SC
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g5g5
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PostPosted: Sat May 26, 2012 9:34 am    Post subject: Reply with quote

There are going to be so many lawsuits. I just don't see how they can monetize their user base like Google. They also can't do much with their mobile apps. I don't even think they show ads on them now. Plus, I read something that blew my mind. Zynga accounts for like 12% of their revenue. That seems awfully high coming from one company.
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TTGSteve
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PostPosted: Tue Jun 05, 2012 6:23 pm    Post subject: Reply with quote

Investing in Facebook would be extremely risky. There are going to be a lot of disappointed people.
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