No surprise, but to anyone that was paying attention, there were stated concerns by analysts well before the IPO that revenue projections were down. That, coupled with an expected initial offer price of $28-35/share, should have raised red flags.
Facebook IPO
- Thread starter rafterman
- Start date
There is now speculation on what FB plans to do with the $16billion raised from its hugely "successful" IPO
. Maybe an acquisition?
. Maybe an acquisition?If you call a pump n' dump operation a highly successful IPO. So be it. I call it fraud. People should be going to jail over this but it won't happen. Free markets went out in the 70's. Now it's just fraud.There is now speculation on what FB plans to do with the $16billion raised from its hugely "successful" IPO
BS
It was 'successful" for the company that issued stock at the inflated value of $38 per share.
Anything coming out of Wall Street or Bay Street these days is highly manipulated and fraudulent. Who would be dumb enough to buy FB stock at anything over $2.00 ? They don't make anything. All it is is a social networking tool for people 9 mostly young people 0 to waste time on. They don't spend time on the ad's, all they do is talk and send photos of themselves back and forth. So to hear O'Bottom a month ago start pumping the stock and then to see it initially rise and then fall. Classic pump n' dump. I know the people that make money on the deal don't want to think of it as fraud, but IMHO...it's fraud.
BS
Yes another high tech darling taken down by our friends the Banks. Oh well, another 12,000 people out of work. They can line up with the 90,000 Nortel employees while the Banks, Hedge Funds, and Corporate scum Lawyers walk of with the booty.
BS
BS
But when you buy Facebook stock, you're not just buying stock in a social networking website. Likewise, buying Google stocks is not merely buying into a search engine website. At close to $600 per share now, if you had bought into Google years ago, you'd be a millionaire today.These are major players with diversifying portfolios that will be around for some time.
Why are you blaming the banks? The problem is Canadians are anti-Canadian companies. Look at how the Canadians and their Members of parliament are trying to take down good Canadian companies like Rogers and Bell. they would rather give their money to an Egyptian company than Bell, it is the Canadian way. Screw one of your own but give your money to a foreigner.
lol when you buy shares you are buying a share of the company. anf no you wouldnt be a millionaire if you bought google unless you bought 200k worth of shares. when google came out as an ipo it was still a young company, it didnt take 8 years to go public like facebook, facebook came out when the company was fully mature, not only that the shares were priced insanely high so investors really got fucked except for the venture capitalists who invested early
All great points however Facebook does have value. What that value is and will be in the future, I don't know. If I were an investor, I'd easily gamble and buy shares at $10/share.
CBC is broadcasting a story about people's Facebook stories right now. Some sad, some happy, some weird, etc.
A really good book just came out recently.
" Thieves Of Bay Street ", How Banks, Brokerages And The Wealthy Steal Billions From Canadians.
Once you read it you'll know how I feel seeing Morgan Stanley in at RIM.
BS
