Facebook at $23

[Rockslinger]

Facebook is now at $23. Did anybody actually make money on this dog? How much did the insiders pay for this stuff? When the son of a friend worked for a high tech company he got shares which were held in escrow for 3 years by which time they were worthless (although at one point they were worth over $1 million but he couldn't sell because escrow). I told the father who told me the story too late that the son might have been able to sell the shares "forward" to capture the $1 million.

 

[fmahovalich]

That's the nature of shares. You gamble. Like the Casino.

Your friends son would not have complained if price went up.

Its the nature of the beast. You sign on for X shares. You sign on for X escrow.

Cest la vie!

Thats the trickery of these companies. They get the son cheap...escrow shares a number of years out.

They have the golden handcuffs on the kid. He stays..he works..thinking he is a big dog.

The thing is, if shares go up...company wins.

If shares go down..company wins. They git his talent for three years for cheap.

 

[Rockslinger]

Thats the trickery of these companies. They get the son cheap...escrow shares a number of years out.

The son was unlucky. He was in the second wave. The first wave got shares that vested immediately and dump them into the market and walked away with MONEY. That was why the company held shares in escrow for the second wave of employees.

 

[msog87]

facebook is so incredibly overvalued even now. if the stocks I own were as overvalued as facebook id be a millionaire

 

[Rockslinger]

facebook is so incredibly overvalued even now. if the stocks I own were as overvalued as facebook id be a millionaire

I think Amazon is even more overvalued. Facebook still at $23. UBS said they lost over $350 million on Facebook. UBS is the bank that can't shoot straight or when they do it is at their own chest.

 

[MrJake]

It's down to $21 today

 

[Big Sleazy]

I would never have bought into the FB IPO. Again, what do they produce ???? NOTHING. All it is, is a way for people with no life or interest to waste they're time. Come to think of it... maybe we should take terb public. It's got about as much if not more intrinsic value.

BS

 

[MrJake]

What FB does is generate advertising revenue, almost $2 BILLION of it in the last quarter alone. Not sure how much revenue TERB had last quarter.

 

[goodguy1977]

Very good point, a service is a service. Ad revenue is a product.

GG

 

[Hip]

Zuckerberg stands to personally lose almost 7 Billion. All because his team lacked the vision to compose code to present ads on mobile devices. He should have sold it all to the Winklevoss twins when he had the chance. At least they would have treated this like a business instead of SIM Wealth.

 

[toughb]

I have a buy in for $18.

 

[winstar]

Dumb Dumb Dumb, Da Da Da Dumb Da Da Da Dumb Da Dumb.

Facebook retards. Why would anyone invest in it as a publicly traded company? Wow, Really? What's their business model? The only way that they could possibly generate growth for the stock price to go up would be in subscriptions/advertising/selling of information. Anyone ready to subscribe to Facebook yet? No. Anyone want to be bombarded with ads on Facebook? No. Anyone want their information sold? No.

Fundamentals People!

 

[kaempferrand]

November 20 Puts might be it if I plan to make money on this sucker's bet. Feel sorry for the folks who are fed the delusion that this is another sure thing forgetting what happened of the dot com bust a decade ago. People just don't learn and always letting greed cloud their judgement.

Let's not forget that Zuckerberg is an artist/creator. Increasing shareholder value is the least of his concerns. That was why he fought so long in wanting not going public where he knew it would get in the way of the social purpose and his vision of what Facebook is going to be. Also he is not the charismatic bullshitter CEO that are polluting many corporations.

 

[Rockslinger]

Facebook is at $20.88. I was watching BNN to-day and they were talking about Facebook, Groupon and Zynga. What a bunch of losers.

 

[goodguy1977]

I really dislike BNN, if they didn't offer the live stream of quotes or if CNBC or Bloomberg were offered i wouldn't watch BNN. Too many stupid commercials and besides the market sense crew and Marty Cey the rest of the commentators are not informed. And if you watch their "segments" and commercials they play, it's obvious of the conflicts of interests on that program. Andy Bell and Kim Parlee are just horrible.

GG

 

[Rockslinger]

FB dipped below $20, not sure where it closed.

 

[Rockslinger]

Guess Groupon is sorry now that they declined the $6 billion offer from Google last year.

 

[Adam_hadam]

Analyze risk before purchasing or selling any investment. Avoid it. Zuckerberg is sitting on a mountain of cash ( US$4bln) and not paying a divi. Pass.

Anybody here use FB and click on an ad and buy something... probably not and that goes for the vast majority of FB users. The advertisers do their metrics and will pull their ads from FB. Revenues will drop. pass

 

[rafterman]

Saw Groupon opened down 23% below $6.00 this morning after a disappointing second quarter earnings report. i believe the IPO was $20 so it's down 70% in eight months. Gaak!

 

[Rockslinger]

The Quebec government wants to veto the appointment of the new CEO of SNL because he doesn't speak French.

The Quebec government wants to kill the takeover of Rona because Lowes is an "English" company.

The Quebec government wants to kill the BCE takeover of Astral because George Cope doesn't speak French.

In Quebec money doesn't talk as long as you speak French.