Off-Topic :
Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Facebook 24 bucks
Posted by:
Jumpin' Jim Kramer
()
Date: July 26, 2012 06:04PM
IPO lockup date 8/19 still to come. 64% dilution of the oustanding float.
Re: Facebook 24 bucks
Posted by:
Lester
()
Date: July 26, 2012 06:41PM
"The expiration of the company's share lock-ups could hit the company hard over the course of 2012. In particular, 91 days after the IPO lock-up agreements covering 172 million shares will expire. Additionally, between 151 and 180 days post IPO, 247 million shares and share-equivalents will become unrestricted. Most significantly, 181 days after the IPO, lockups on 1.3 billion shares will expire."
source: http://www.zdnet.com/blog/foremski/a-flood-of-facebook-shares-could-swamp-prices-four-more-ipos-worth-by-december/2277
The last three months of the year will be brutal for Facebook.
source: http://www.zdnet.com/blog/foremski/a-flood-of-facebook-shares-could-swamp-prices-four-more-ipos-worth-by-december/2277
The last three months of the year will be brutal for Facebook.
Re: Facebook 24 bucks
Posted by:
but
()
Date: July 26, 2012 07:06PM
But Llyodster said it was a great buy.
Oh he was wrong as always got it.
The final real value will settle in the teens if not lower. Its not a surprise at all they tried to value themselves as a 100 billion dollar company, they arent. They arent even a 10 billion dollar company maybe a 5-6 and shrinking.
Their growth has happened. A lot of people are getting bored with it too. Advertisers are realizing big money ads on there dont help. Internet gambling is the only thing that could really save this stock
Oh he was wrong as always got it.
The final real value will settle in the teens if not lower. Its not a surprise at all they tried to value themselves as a 100 billion dollar company, they arent. They arent even a 10 billion dollar company maybe a 5-6 and shrinking.
Their growth has happened. A lot of people are getting bored with it too. Advertisers are realizing big money ads on there dont help. Internet gambling is the only thing that could really save this stock
Re: Facebook 24 bucks
Posted by:
trogdor!
()
Date: July 26, 2012 07:59PM
Glad I'm too poor to have bought into this disaster.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: July 26, 2012 10:36PM
15 year old girls have declared Facebook "irrelevant". Short FB.
Re: Facebook 24 bucks
Posted by:
FacePlant
()
Date: July 26, 2012 11:26PM
(Reuters) - Facebook Inc reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low.
"On Wednesday, social games leader Zynga - which accounts for over one-10th of Facebook's revenue and faces the same challenge of earning off mobile users - stunned investors after slashing its 2012 earnings forecasts."
Is it too late for me to get my own Face Space page?
LOLOLOLOLOLOLOLOL
"On Wednesday, social games leader Zynga - which accounts for over one-10th of Facebook's revenue and faces the same challenge of earning off mobile users - stunned investors after slashing its 2012 earnings forecasts."
Is it too late for me to get my own Face Space page?
LOLOLOLOLOLOLOLOL
Re: Facebook 24 bucks
Posted by:
Lester
()
Date: July 26, 2012 11:26PM
The original IPO was 25 billion dollars. That's roughly half of today's close.
Re: Facebook 24 bucks
Posted by:
FB 22
()
Date: July 27, 2012 09:21AM
more down. now 22 and change. GRPN swooned about 20-25% in the three weeks before its lockup expiration.
Re: Facebook 24 bucks
Posted by:
Lester
()
Date: July 31, 2012 11:58AM
It made another new low, but bounced above 22.
http://www.zerohedge.com/news/faceberg-hits-21-hard-way
http://www.zerohedge.com/news/faceberg-hits-21-hard-way
Re: Facebook 24 bucks
Posted by:
trogdor!
()
Date: August 01, 2012 12:47AM
$21.71 close today. And falling in after-hours trading.
Faceberg to break 20 bucks soon
Posted by:
Lester
()
Date: August 01, 2012 09:52AM
It went below 21 this morning and trying to hold at 21.
Re: Facebook 24 bucks
Posted by:
Sub 20
()
Date: August 02, 2012 03:16PM
A 1 point drop is starting to be a sizeable percentage for a one-day move.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 02, 2012 03:19PM
As goes Zynga, so will go Facebook.
Re: Facebook 24 bucks
Posted by:
justsayin
()
Date: August 02, 2012 04:57PM
And at $20 is still trading at an outrageous P/E.
Re: Facebook 24 bucks
Posted by:
CIAbook
()
Date: August 02, 2012 05:05PM
Every share you buy goes to a worthy cause.
Re: Facebook 24 bucks
Posted by:
My Facebook Name Is...
()
Date: August 02, 2012 08:04PM
83 million Facebook accounts are fakes and dupes
By Heather Kelly, CNN
updated 7:05 PM EDT, Thu August 2, 2012 | Filed under: Social Media
If you're using a fake name on your Facebook account, maintaining a page for your beloved pet or have a second profile you use just for logging in to other sites, you have one of the 83.09 million fake accounts Facebook wants to disable.
In an updated regulatory filing released Wednesday, the social media company said that 8.7 percent of its 955 million monthly active users worldwide are actually duplicate or false accounts.
http://www.cnn.com/2012/08/02/tech/social-media/facebook-fake-accounts/index.html
In truth, I'm surprised it's that low. I would've pegged the number at closer to 25%-33%. Maybe they're just listing the ones they're absolutely sure are fakes.
This information, plus being accused of click fraud (story in another Facebook thread), can't be doing much to boost their stock price.
By Heather Kelly, CNN
updated 7:05 PM EDT, Thu August 2, 2012 | Filed under: Social Media
If you're using a fake name on your Facebook account, maintaining a page for your beloved pet or have a second profile you use just for logging in to other sites, you have one of the 83.09 million fake accounts Facebook wants to disable.
In an updated regulatory filing released Wednesday, the social media company said that 8.7 percent of its 955 million monthly active users worldwide are actually duplicate or false accounts.
http://www.cnn.com/2012/08/02/tech/social-media/facebook-fake-accounts/index.html
In truth, I'm surprised it's that low. I would've pegged the number at closer to 25%-33%. Maybe they're just listing the ones they're absolutely sure are fakes.
This information, plus being accused of click fraud (story in another Facebook thread), can't be doing much to boost their stock price.
Re: Facebook 24 bucks
Posted by:
but lloyd said
()
Date: August 02, 2012 08:14PM
Its far more than 9 percent. Theyre just down playing it and sticking to the obvious ones to make it look like a show of good faith without exposing their inflated consumer base completely
Its a lot like the underwear nomes on south park for their business model.
Step 1: get underwear
Step 2: ?
Step 3: Profit
Its a lot like the underwear nomes on south park for their business model.
Step 1: get underwear
Step 2: ?
Step 3: Profit
Re: Facebook 24 bucks
Posted by:
Basefook
()
Date: August 02, 2012 09:06PM
but lloyd said Wrote:
-------------------------------------------------------
> Its far more than 9 percent. Theyre just down
> playing it and sticking to the obvious ones to
> make it look like a show of good faith without
> exposing their inflated consumer base completely
>
> Its a lot like the underwear nomes on south park
> for their business model.
>
> Step 1: get underwear
> Step 2: ?
> Step 3: Profit
Yeah, more than 9 percent. And if you want to start counting the inactive/infrequent/abandoned accounts then it would be a ton.
Facebook's 15 minutes are about up anyway. Fake accounts are going to look like nothing when it "MySpaces."
-------------------------------------------------------
> Its far more than 9 percent. Theyre just down
> playing it and sticking to the obvious ones to
> make it look like a show of good faith without
> exposing their inflated consumer base completely
>
> Its a lot like the underwear nomes on south park
> for their business model.
>
> Step 1: get underwear
> Step 2: ?
> Step 3: Profit
Yeah, more than 9 percent. And if you want to start counting the inactive/infrequent/abandoned accounts then it would be a ton.
Facebook's 15 minutes are about up anyway. Fake accounts are going to look like nothing when it "MySpaces."
Re: Facebook 24 bucks
Posted by:
Lester
()
Date: August 02, 2012 09:37PM
Facebook won't pay taxes for forseeable future
http://www.zdnet.com/blog/violetblue/on-eve-of-facebook-ipo-sunlight-exposes-3-billion-tax-break/1336
http://www.zdnet.com/blog/violetblue/on-eve-of-facebook-ipo-sunlight-exposes-3-billion-tax-break/1336
Re: Facebook 24 bucks
Posted by:
but lloyd said
()
Date: August 02, 2012 09:46PM
Lester Wrote:
-------------------------------------------------------
> Facebook won't pay taxes for forseeable future
>
> http://www.zdnet.com/blog/violetblue/on-eve-of-fac
> ebook-ipo-sunlight-exposes-3-billion-tax-break/133
> 6
The funny part is their IPO might actually be 6 cents a share like theyll claim.
Really the only thing criminal in all of this is the fact they tried to present themselves and a 105 billion dollar company
-------------------------------------------------------
> Facebook won't pay taxes for forseeable future
>
> http://www.zdnet.com/blog/violetblue/on-eve-of-fac
> ebook-ipo-sunlight-exposes-3-billion-tax-break/133
> 6
The funny part is their IPO might actually be 6 cents a share like theyll claim.
Really the only thing criminal in all of this is the fact they tried to present themselves and a 105 billion dollar company
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 14, 2012 09:00AM
This week may be the week we see Facebook "correct" downward significantly, not due to selling by those with shares that get unlocked this week, but by those who fear what COULD happen due to same.
http://seattletimes.nwsource.com/html/businesstechnology/2018912307_facebooklockupends14.html?syndication=rss
http://seattletimes.nwsource.com/html/businesstechnology/2018912307_facebooklockupends14.html?syndication=rss
Re: Facebook 24 bucks
Posted by:
justsayin
()
Date: August 14, 2012 10:30AM
I know I called sub-$20 based on estimated earnings around the time of the IPO, but latest estimates place this dog sub-$10. Not saying it will get that far down but I wouldn't put my money on FB here until I saw some evidence of earnings growth.
Even using the highest current estimate for next year's EPS that would place the stock's value around $24, not worth the risk.
Even using the highest current estimate for next year's EPS that would place the stock's value around $24, not worth the risk.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 14, 2012 10:58AM
On May 21st I suggested that I wouldn't touch FB for more than $6-$7. At that price the valuation based on Q1 earnings would be approximately the same as GOOG. I stand by that.
Is there any compelling reason FB should be valued higher than Google? Not from what I can see. The shady corporate governance issues alone mean to me that the stock should be discounted even further. Perhaps priced as low as $4.
Fuck Mark Zuckerberg. I'm sure he's hedged by shorting FB stock.
Is there any compelling reason FB should be valued higher than Google? Not from what I can see. The shady corporate governance issues alone mean to me that the stock should be discounted even further. Perhaps priced as low as $4.
Fuck Mark Zuckerberg. I'm sure he's hedged by shorting FB stock.
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 14, 2012 12:29PM
Hank Moody Wrote:
-------------------------------------------------------
> Fuck Mark Zuckerberg. I'm sure he's hedged by
> shorting FB stock.
I think I remember reading that he's already a genuine billionaire due to sales of stock pre-IPO, so WHATEVER the trend is he's sitting pretty.
In fact, doesn't he personally own more than half of Facebook (your "shady corporate governance" bit...)
-------------------------------------------------------
> Fuck Mark Zuckerberg. I'm sure he's hedged by
> shorting FB stock.
I think I remember reading that he's already a genuine billionaire due to sales of stock pre-IPO, so WHATEVER the trend is he's sitting pretty.
In fact, doesn't he personally own more than half of Facebook (your "shady corporate governance" bit...)
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 14, 2012 12:59PM
It's a well established fact that Zuck Fuck CONTROLS 57% of Facebook's shareholder votes.
Anyone who buys stock in a publicly traded company that is controlled by one man is an idiot or got in so early there is minimal downside to their position.
Anyone who buys stock in a publicly traded company that is controlled by one man is an idiot or got in so early there is minimal downside to their position.
Re: Facebook 24 bucks
Posted by:
trader3z
()
Date: August 14, 2012 01:23PM
Most companies are controlled by one man or woman usually referred to as the CEO. You meant to say "majority-owned by one person" I think.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 14, 2012 02:02PM
trader3z Wrote:
-------------------------------------------------------
> Most companies are controlled by one man or woman
> usually referred to as the CEO. You meant to say
> "majority-owned by one person" I think.
A CEO manages a company under the direction of the board of directors and is accountable to shareholders. Zuck Fuck is neither accountable to the board nor to shareholders. He controls 57% of the stock voting rights and can pretty much do whatever he wants.
The purchase of Instagram is a prime example. Zuck Fuck sought no approval from the board prior to spending $1 Billion on the purchase.
He's a tin pot dictator.
-------------------------------------------------------
> Most companies are controlled by one man or woman
> usually referred to as the CEO. You meant to say
> "majority-owned by one person" I think.
A CEO manages a company under the direction of the board of directors and is accountable to shareholders. Zuck Fuck is neither accountable to the board nor to shareholders. He controls 57% of the stock voting rights and can pretty much do whatever he wants.
The purchase of Instagram is a prime example. Zuck Fuck sought no approval from the board prior to spending $1 Billion on the purchase.
He's a tin pot dictator.
Re: Facebook 24 bucks
Posted by:
trader3z
()
Date: August 14, 2012 02:04PM
so to summarize Facebook is majority-owned by one person.
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 14, 2012 02:17PM
trader3z Wrote:
-------------------------------------------------------
> so to summarize Facebook is majority-owned by one
> person.
Correct - what he wants he gets. Period.
He cannot be out-voted. He can replace the BoD on a whim.
He's Da Boss.
-------------------------------------------------------
> so to summarize Facebook is majority-owned by one
> person.
Correct - what he wants he gets. Period.
He cannot be out-voted. He can replace the BoD on a whim.
He's Da Boss.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 14, 2012 02:29PM
trader3z Wrote:
-------------------------------------------------------
> so to summarize Facebook is majority-owned by one
> person.
No, he owns 28.4% of the common stock. For him to be a majority owner would require him to hold more than 50%.
Perhaps you see no distinction between ownership and control but there is a difference. Zuck Fuck pocketed the cash from selling grossly overvalued shares yet retained control of the voting rights of those shares he sold.
He has all the control with greatly limited risk. It's the classic and time honored tradition of using other people's money. As OF2 has said, Zuck Fuck is sitting pretty. He already got his pay day. He has no skin in the game. Why trust him to gamble with your money? He's gonna drive the bitch like he stole it. Which he did.
-------------------------------------------------------
> so to summarize Facebook is majority-owned by one
> person.
No, he owns 28.4% of the common stock. For him to be a majority owner would require him to hold more than 50%.
Perhaps you see no distinction between ownership and control but there is a difference. Zuck Fuck pocketed the cash from selling grossly overvalued shares yet retained control of the voting rights of those shares he sold.
He has all the control with greatly limited risk. It's the classic and time honored tradition of using other people's money. As OF2 has said, Zuck Fuck is sitting pretty. He already got his pay day. He has no skin in the game. Why trust him to gamble with your money? He's gonna drive the bitch like he stole it. Which he did.
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 14, 2012 02:38PM
Hank Moody Wrote:
-------------------------------------------------------
> trader3z Wrote:
> --------------------------------------------------
> -----
> > so to summarize Facebook is majority-owned by
> one
> > person.
>
> No, he owns 28.4% of the common stock. For him to
> be a majority owner would require him to hold more
> than 50%.
My bad - he has a majority of the votes, not the shares:
> ...Under the share plan, Zuckerberg will hold 55.8 percent of the voting power
> of Facebook shares, and over 18 percent of the value of the company, which he
> controls through a dual class stock structure...
http://www.gmanetwork.com/news/story/258673/economy/companies/zuckerberg-to-ring-opening-bell-on-facebook-ipo
-------------------------------------------------------
> trader3z Wrote:
> --------------------------------------------------
> -----
> > so to summarize Facebook is majority-owned by
> one
> > person.
>
> No, he owns 28.4% of the common stock. For him to
> be a majority owner would require him to hold more
> than 50%.
My bad - he has a majority of the votes, not the shares:
> ...Under the share plan, Zuckerberg will hold 55.8 percent of the voting power
> of Facebook shares, and over 18 percent of the value of the company, which he
> controls through a dual class stock structure...
http://www.gmanetwork.com/news/story/258673/economy/companies/zuckerberg-to-ring-opening-bell-on-facebook-ipo
Re: Facebook 24 bucks
Posted by:
buy low sell high
()
Date: August 14, 2012 02:40PM
You have been zuckered. I thought about buying but not for very long. It was obvious FB had peaked.
Re: Facebook 24 bucks
Posted by:
Lester
()
Date: August 14, 2012 02:45PM
I think you're trying to say that he controls a majority of the voting shares.
Re: Facebook 24 bucks
Posted by:
Hank Moody
()
Date: August 14, 2012 02:47PM
And to make matters worse, a Class B shares are sold, they convert to class A and lose voting power. Class B have have 10 votes, Class A have 1. So as employees or early investors sell their Class B shares, Zuck's control will increase assuming he doesn't sell his shares. I'd bet his voting control will swell to over 60% by years end.
Zuck Fuck will have control of FB for years to come. The amount of control in the hands of one guy is unprecedented.
Kudos to him but not with my money.
Zuck Fuck will have control of FB for years to come. The amount of control in the hands of one guy is unprecedented.
Kudos to him but not with my money.
Re: Facebook 24 bucks
Posted by:
Alexander Smith
()
Date: August 15, 2012 11:57PM
Hank Moody Wrote:
-------------------------------------------------------
> On May 21st I suggested that I wouldn't touch FB
> for more than $6-$7. At that price the valuation
> based on Q1 earnings would be approximately the
> same as GOOG. I stand by that.
>
> Is there any compelling reason FB should be valued
> higher than Google? Not from what I can see. The
> shady corporate governance issues alone mean to me
> that the stock should be discounted even further.
> Perhaps priced as low as $4.
>
> Fuck Mark Zuckerberg. I'm sure he's hedged by
> shorting FB stock.
+1
You took what I was going to say, except for the I feel like it should be priced even lower.
-------------------------------------------------------
> On May 21st I suggested that I wouldn't touch FB
> for more than $6-$7. At that price the valuation
> based on Q1 earnings would be approximately the
> same as GOOG. I stand by that.
>
> Is there any compelling reason FB should be valued
> higher than Google? Not from what I can see. The
> shady corporate governance issues alone mean to me
> that the stock should be discounted even further.
> Perhaps priced as low as $4.
>
> Fuck Mark Zuckerberg. I'm sure he's hedged by
> shorting FB stock.
+1
You took what I was going to say, except for the I feel like it should be priced even lower.
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 20, 2012 06:38AM
"When Insiders sell, don't buy" - standard trading maxim (*).
http://www.marketwatch.com/story/what-the-facebook-skeptics-know-2012-08-17?link=home_carousel
---------
(*) As with all such maxims, this applies in general, not "in specific" - there are plenty of examples of Insider selling that mean nothing, though usually these "meaningless" Insider sales are of long-existent stocks, not fresh IPOs.
http://www.marketwatch.com/story/what-the-facebook-skeptics-know-2012-08-17?link=home_carousel
---------
(*) As with all such maxims, this applies in general, not "in specific" - there are plenty of examples of Insider selling that mean nothing, though usually these "meaningless" Insider sales are of long-existent stocks, not fresh IPOs.
Re: Facebook 24 bucks
Posted by:
Olde Farte, II
()
Date: August 21, 2012 06:41AM
It's already a flood; soon it will be a deluge:
http://finance.yahoo.com/news/facebook-director-stock-sales-top-040101775.html
http://finance.yahoo.com/news/facebook-director-stock-sales-top-040101775.html