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Facebook IPO
DrArcade:
--- Quote from: pinballjim on May 18, 2012, 05:18:39 pm ---I would have never predicted that they'd be relying on the underwriters to keep this stock at $38 today. I didn't hear anyone in the media predicting it either though I'm sure they all used enough wiggle words that they can claim they knew it would happen all along.
I'm more bewildered than angry over the Facebook phenomenon. For all everyone gripes about the privacy issues I sure had a lot easier time finding galleries of women in bikinis on MySpace.
--- End quote ---
Yep, if the banks hadn't propped up the stocks at 3:30pm to 4:00pm with a buying spree of 1,000,000 units every few seconds, it would have certainly closed below the opening price.
Facebook has no headroom at all. They are desperate to focus on the mobile market, but as of yet don't have a public strategy in place. Also with US customers at just over $2.00 a head, and others at $.37 a head, they need to get their foreign clients ad rates higher.
Dr. Arcade
Flake:
Btw, I'm not an idiot I know the fundamentals behind stock trading. But if you pay any attention to the markets reaction...or as I was hoping overreaction....to certain events/companies youll agree the markets dont always (or hardly ever) work effeciently in the short term. As such, I felt my gamble....and yes of course it's a gamble....would work. It's still too early to say but yea I was hoping for better.
kahlid74:
Facebook IMO is talked about with higher relevancy than it actually garners. I wasn't expecting it to do much and my expectations were met. I do think however it will be interesting now to see how fast those who bought in will push to get Zuckerberg out. It's clear with all the hubbub about his hoodie on wall street and surprise marriage that they'll sell a point that he isn't fit to run the company.
This will be fun to watch. I'm guessing it will be similar to Jobs ousting from Apple in the 90's.
Cakemeister:
This article about the IPO was interesting.
http://articles.businessinsider.com/2012-02-02/tech/31015874_1_facebook-ipo-stocks-valuations-matter
Personally, I wouldn't touch that stock with a 10 foot pole. Of course I said the same thing about Google at $100 per share. I guess I'm not used to the concept of companies not actually making stuff.
danny_galaga:
I actually posted on FB, taking bets on whether it would be Google or Microsoft buying up FB at 1/4 listing price by the end of the year. Someone pointed out neither probably would, but Someone will for sure...