I won't touch it because whatever valuation it sells for above 20 cents is all speculation. Book value is estimated at only 15 cents/share because of share dilution. Expected Earnings valuation puts it at 30 cents. So, they want you to pay over 100x earnings at $30 give or take?? that's selling valueless paper notes... like bad odds gambling. at the same time, because it won't be weighted to any real valuation, it could take some real wicked swings in variability in prices. that will be interesting to see.
Facebook IPO
- Thread starter rafterman
- Start date
All i'm saying is this is a great trading tool, as for tangible, check out a little company named Apple's tangible bv. Or how about a smaller company named Google?
All i'm saying is it's a great trading tool.
All i'm saying is it's a great trading tool.
Feel sorry for any of the folks especially the Moms and Pops who purchased this at IPO. A real sucker's bet. If facebook decides to charge for services mainstream wise it is going to be another CommunityConnect (AsianAvenue, MiGente, BlackPlanet) of the late 90s early 2000s. Plus don't even think about shorting this sucker either. It would hard to be locate shares to short and if you do it would be over sold and you will get short squeezed.
Where are "the greater fools" who were supposed to leap in and pay $70, $80, $100 for the FB shares?
anyway, in the end I still see zuckerberg as being a billionaire, however substantially less than his current paper net wqorth. but I think the smartest of all current and former fb employees will be saverin who renoounced his citizenship saving 100 million in taxes, and presumably sold all his shares on friday at the lofty valuation of above $40 a share
Let's hope he consulted with Conrad Black before he renounced his U.S. citizenship.
lol being a u.s. citizen is horrible esp if you have money. huge debts who do you think they are gonna tax? if you live abroad they make you pay federal income taxes, huge exit taxes if you want to renounce your citizenship. if you are non rich you have to pay $500 to renounce, it USED to be free. now they wanna give the irs power to seize your passport if you owe them money, there is another law being introduced where anyone who renounces U.S. citizenship and has a net worth of at least $2 million or an average income-tax liability of at least $148,000 over the previous five years would be presumed by the Internal Revenue Service to have done so to avoid paying taxes.
People who could not prove another reason for renouncing citizenship would face a 30% tax on future capital gains on U.S. investments — twice the current 15% rate — and be barred from receiving a visa to enter the country.
what saverin did is completely legal, and hes still on the hook for hundreds of millions of dollars. instead of hating on him, they should realize that the u.s. govt is chasing away entrepreneurs.
For a moment there, I was afraid you were going to say being a U.S. citizen abroad makes one a terrorist target.
I was just watching BNN, apparently, Morgan Stanley and FB had no legal obligation to disclose the revenue drop because FB was not a publicly listed company during the IPO marketing stage and no shares had actually been issued yet.
