Facebook IPO
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- kodap0
I remember back in 2005 (even folks commented here -- Newstoday.com) that Fb was just "another" pointless and useless social network, just like friendster. I think collaborators of NT (mike buzzard, and some other ones, have collaborated in the initial steps after FB left the boundaries of Harvard to the world.
it's funny too watch these things happen through time, who would have said in 8 years, this school project would rule the internet? not me.
pretty lucky shot by David Choe
- kona0
Does anyone know if you can buy 1000 Facebook shares with 10 million in Farmville credits? Seems like you should be able to.
- 20020
Just like Google and everything else in life.
- MrT0
Interesting to see what the board of $hareholders allows them to get away with ... can't imagine it'll be as easy for FB to just gobble up the likes of Instagram.
Surely your average investor is less interested in amount of users than potential returns. At the moment, an increase in the former doesn't seem to suggest an increase in the latter.
- randommail0
^^^ 2002 is absolutely right.
I wonder how many of the people talking/thinking about investing in Facebook actually believe this company will continue to grow and make money. Or is everyone cynical and do believe that the bubble will burst, but still want to try to make a quick buck.
- utopian0
Facebook at $19? 13 Weeks After IPO Debacle, Shares Near 50% Decline.
- 20020
40 min to go
- Josev0
http://www.thedailybeast.com/new…
From the link:
"Facebook’s IPO was a disaster from the moment shares began trading on May 18. They were priced too high, and too many of them were on the market, so instead of getting the typical IPO “pop,” Facebook’s stock swooned. Then came a bombshell that the company, worried about a weakening business, had quietly warned Wall Street analysts to lower their projections in the days before the IPO. Privileged clients got the news and backed away from the stock, while everyone else remained in the dark and rushed in to buy the shares. Some early-in-the-day investors lost 25 percent overnight."
"None of this is the right image for a company that is trying to convince 900 million users that it can be trusted with their personal information. “I have no doubt that this is going to hurt their business,” says Vivek Wadhwa, a research fellow at the Rock Center for Corporate Governance at Stanford Law School. “Facebook has gone from being a darling to being a villain. Zuckerberg went from being seen as this child-genius rock star to being seen as a thief. People have lost their savings.”
"Now the finger-pointing has begun. The Securities and Exchange Commission and the Financial Industry Regulatory Authority are investigating, as are U.S. House and Senate committees. Investors are filing lawsuits against Facebook and its bankers for the “selective disclosure” of the bad news before the offering, with one law firm also questioning the fact that two days before the IPO, several insiders, including two Facebook board members, decided to sell more shares than they originally intended."
- nikdaum0
Maybe it will hit IPO prices again!
- prophetone0
it was overvalued, plain and simple, i'm amazed at the surprise out there. i think everyone got a little over-excited and needed to simmer down. this happened almost immediately by the looks of it. my money is on pork bellies.
- utopian0
- thanks for posting the $0.13 change from the same daymonospaced
- monospaced0
^^^
Exactly what I was trying to point out.
- omg0
- utopian0
Facebook IPO is flashback to dot-com class action
This is not the first time investors in a hot tech company's initial public offering have alleged that underwriters favored their regular clients at the expense of the little guys.
- In other news water is wet, bears shit in the woods etcukit2
- hahaha, seirusly, ukitmonospaced
- clearThoughts0
still going down...