Facebook Shares Plummet...lol

[lennco]

This was a true example of greed.

Its down 20% from the IPO price, down 30% from Fridays high.
$104 billion market cap was a joke.
$20 billion in market cap has been lost since Friday.
Morgan Stanley screwed up.
Mark Zuckerberg believed his own press clippings.

Facebook's IPO should have been at $15 - $20, not $38

Next stop the high $20s

:lol:

 

[iowadawg]

18.23 Down -0.86 -4.50%

At this time as I post.

 

[johname]

Downgraded with a $15 target price today by BMO Capital Markets analysts

 

[lennco]

It has a shot at being the worst IPO in history.

Ouch! :O

 

[rngrdanny22]

$18.18 at the time of this post.

People who thought FaceBook was a $100 Billion company are the same type of people that thought .CO was going to make them a millionaire.

 

[KingDon]

I think there was a mind set out there that something would keep it from going under the 50% mark, well now that the price is comfortably below that 50% mark, the bottom doesn't look so far away. High teens to low teens, to single digits, I feel horrible for all the people that got ripped off with this IPO.

Just another hustler looking to screw who ever had cash to spend, this is the cancer of our country. Mark Zuckerberg will carry this with him his whole life, once you're branded a cheat, you only get to make deals with other cheats; and then it's only a matter of time before you meet the cheat who will clean you out.

Just 3 months ago Mark smiled when people said his company was worth 100 billion, and they pushed forward with the IPO. The swindle took place within hours of the big boys unloading their shares, and now the people who had to wait to sell their shares, are dumping them, hoping to still get something.

I think most people holding the shares can't afford to loose 50% of their money, and are praying every night for a miracle to just get out and break even; but that ship has sailed, Facebook island is on fire, and with each earthquake caused by the pressure of new sellers landing on facebook mountain, facebook island is slowly sinking into the sea.

$18.06 from $38.00, and the worst is yet to come.

 

[iowadawg]

Most of the people holding shares in Facebook are employees, founders, etc.
None of whom paid a cent for a single share.
So if one of them has say 1 million shares, either sell at $18 and be a multi-millionaire, or hold on and hope the shares get back to $30 or above and be more of a multi-millionaire.

I do not shed a single tear over any person or company that were dumb enough to buy into the IPO.
They deserve to lose and lose big.

 

[DU]

"The average of all targets is a price of $33.27, more than 80% above Friday's trading level."

Time to buy buy buy..... in all seriousness, the expiration of lockups is always going to impact short term pricing (or at least be an excuse).

Need to have a few revenue cycles before taking it out back with a shotgun, imho.

 

[johname]

Daniel Salmon, analyst at BMO, cut third-quarter revenue growth forecasts for Facebook, predicting zero growth over the three-month period, and said: “Cheques on paid media spending remain mixed.”

He added that investor attention would return to fundamentals after the technical challenges presented by lock-up expiration over the next six months subsided.

 

[johname]

17.50's

 

[iowadawg]

Sometime in the past few days, I read an article of 10 things that will be obsolete in 10 years.
Newspapers, magazines, and bam!
Facebook!
The experts agree, withing 7 years, no more facebook.

 

[lennco]

Sometime in the past few days, I read an article of 10 things that will be obsolete in 10 years.
Newspapers, magazines, and bam!
Facebook!
The experts agree, withing 7 years, no more facebook.

Yep, nothing last forever.
At one time Sears and Woolworth were both kings.
Someday someone will come along and knock facebook off their perch, probably sooner then later. :imho:

 

[DU]

At one time Sears and Woolworth were both kings.

Frankie Boyle brilliantly describing why Woolworths failed in the UK.

[ame="http://www.youtube.com/watch?v=SkSPUwZX1Rc"]Mock the Week- Frankie Boyle on the Recession - YouTube[/ame]


FYI:

Facebook's Mobile Marketing Finally Begins To Yield Profit: MS

Wolfram Alpha is going to be looking at FB.


None of this helps I'm afraid.. Until Zynga figures out how to make more money from fake money it's not looking good.. after all, FB is just a platform for Bingo, Pet and Mafia games.

 

[mwzd]

This is how you make $1.9 billion for your company in less than three months! Sell @$38 buy @$19, smart!

Facebook Announces Massive $2 Billion Share Buyback At Less Than Half Of The IPO Price* http://t.co/iyVlbkff

:tu:

 

[KingDon]

It's funny how the stock hung around that $19 mark, but now that it's dipping below the 50% mark, I believe it will go down week after week. Even though they now say it's still a $49 billion dollar company, imagine what liars that makes of anyone who said it was worth $100 Billion when they were selling stocks.

The question you have to ask yourself is, if they lied about facebook being worth $100 Billion, what makes you think that these same people are telling the truth when they tell you it's worth $49 Billion?

$17.73 - How can your company loose this much value in three short months, when it walked out sooooo confident, proclaiming it's incredible strength and value?

Facebook might be worth $15-20 Billion, and it's only a matter of time before the stock price reflects this. There are laws that put swindlers into jail when they cheat.

 

[DU]

Thankyou Mark Cuban. You're an A$$ but sometimes you're a smart A$$ and I have to like what you say:

“I bought and sold FB shares as a TRADE, not an investment. I lost money. When the stock didn’t bounce as I thought/hoped it would, I realized I was wrong and got out. It wasn’t the fault of the FB CFO that I lost money. It was my fault. I know that no one sells me shares of stock because they expect the price of the stock to go up. So someone saw me coming and they sold me the stock. That is the way the stock market works. When you sit at the trading terminal you look for the sucker. When you don’t see one, it’s you. In this case it was me.”

 

[johname]

 

[mwzd]

The similarity between newTLDs and the Facebook IPO.

http://www.mwzd.com/domain-names/the-similarity-between-newtlds-and-the-facebook-ipo/

Viewpoints appreciated!

 

[johname]

The Dow Jones industrial average hit its highest close since of December 2007, the start of the Great Recession.

Do you feel like you did in 2007?

Oct around the corner

 

[DU]

Do you feel like you did in 2007?

No. I want to party like it's 1999, again.

 

[sanfran]

Now,
let's see.
fb stock is going to be delisted from the big board,
and
it's gonna move to the
pink sheets
where stocks trade in the pennies.

:kickass: