Anybody buying FB today?

[recycled sixtie]

Would Warren Buffett buy Facebook shares? I would doubt it. I think that he is a contrarian investor. If most of everybody is doing it, then for me it is not the time. There is not enough info. about the fin. facts.Too much focus around one person.

[wdfifteen]

Originally Posted by 71 3.0 911

People said the same thing about apple. They beat that dead horse to glue. Now who's laughing? Facebook has the potential to become the next google or apple.

Facebook the next Google and Apple? Apple actually produces a product of tangible value that people pay for. Google offers a valuable search service. All Facebook has to offer is a networking service that may be popular, but which I can't see any real value in and can be replaced by the next big fad. It's only monetary value is its promise of access to the eyeballs of the people who use it for as long as it remains popular.
It would be much harder to do my job without Google and somewhat harder without an iPhone, while my job would be easier if I didn't have to keep up with this Facebook fad. Maybe I'm missing something, I just don't see enough staying power for Facebook to be betting on its future.

[Hugh R]

Never ever looked at FB or Twitter. One thing that annoys me about Iheartradio, is that it always wants me to log in or something with FB

[Zeke]

Originally Posted by Hugh R

Never ever looked at FB or Twitter. One thing that annoys me about Iheartradio, is that it always wants me to log in or something with FB

Like weenie, I dropped out after a few months and very little activity. I joined to see other's wall. Never looked at Twitter either. Just the name tells me enough.

[wdfifteen]

Originally Posted by Dottore

This much-hyped public offering of an enterprise without significant assets and wholly speculative future earnings is symptomatic of all that is wrong with America today.

Do you mean too many people in America hope to get rich playing with money and too few hope to get rich by building, creating, inventing, and doing something?

[Zeke]

Originally Posted by wdfifteen

Do you mean too many people in America hope to get rich playing with money and too few hope to get rich by building, creating, inventing, and doing something?

Been goin' on too long. We all made fun out of Occupy Wall Street because it WAS silly, but the point wasn't.

[71 3.0 911]

Originally Posted by wdfifteen

Facebook the next Google and Apple? Apple actually produces a product of tangible value that people pay for. Google offers a valuable search service. All Facebook has to offer is a networking service that may be popular, but which I can't see any real value in and can be replaced by the next big fad. It's only monetary value is its promise of access to the eyeballs of the people who use it for as long as it remains popular.
It would be much harder to do my job without Google and somewhat harder without an iPhone, while my job would be easier if I didn't have to keep up with this Facebook fad. Maybe I'm missing something, I just don't see enough staying power for Facebook to be betting on its future.

I agree with you on many points. This is one of them. It may very well end up being a flash in the pan, and I get that. Right now they have zero momentum or substantial profit model. I am not deep in the stock but I can cash in on the hype... I hope.

[RWebb]

Long ago, I wondered about the fact that a lot of time spent on DEC-10s or PDP-8s was spent playing pointless social media games like Space Wars and others...

There something going on here

What it is ain't exactly clear

But, there's a man with a game in his hand

...

and since it has all happened before, I expect it will keep on happening again.

[widebody911]

Originally Posted by RWebb

There something going on here

What is ain't exactly clear

But, there's a man with a game in his hand

...

Stop, hey, what's that sound?
Look whose stock is going down
...

[Jeff Alton]

^^^^ Well Played

[RWebb]

yes, very nice Thom -- now riff off on the BSG reference I transitioned to...

[dan88911]

I hear the average up tick on an IPO is 15%.
An IT company 25%.
FB was less than 1%.
FB needs to show long term profitability.

[Dottore]

Originally Posted by 71 3.0 911

I'm part of the problem then. I don't give two $hits about Facebook. I just want to ride the hype wave, make some money, and sell.

Good luck with that.

[Dottore]

Originally Posted by wdfifteen

Do you mean too many people in America hope to get rich playing with money and too few hope to get rich by building, creating, inventing, and doing something?

Worse. I think this whole listing borders on the fraudulent. The stock was way overpriced. The whole thing was hyped by the industry way beyond all decency. And the people who will get farked are little idiots like 71 3.0 911 who fervently believe that because they spend much of their pointless lives on FB, it must be a stock worth buying.

And that this whole farce is currently "the big deal" in US financial markets is truly symptomatic of all that is wrong with the country.

[widgeon13]

Market is up and FB is down 8%. That's pretty funny and embarrassing.

[widebody911]

Facebook Falls Back to IPO Price - WSJ.com

That's when Facebook's underwriters had to step in to support the company's share price, people familiar with the matter said. In particular, lead underwriter Morgan Stanley was assigned to be the deal's "stabilization agent"—meaning it was the firm's job to keep the shares above the offering price, these people said. In that role, Morgan Stanley was forced to buy Facebook shares as the price slid toward $38 in order to prevent the price from crossing into negative territory, according to these people.

[widebody911]

Originally Posted by widgeon13

Market is up and FB is down 8%. That's pretty funny and embarrassing.

Suckerberg is laughing all the way to the bank.

[widgeon13]

Originally Posted by widebody911

Suckerberg is laughing all the way to the bank.

The only ones to benefit so far have been employees who got options and Zuckie. Maybe Obama will want to jump in and rescue them, after all they don't make anything so they are friendly for the environment and employment figures.

[J P Stein]

Hype rules.
The dotcom bubble revisited.
The stock is tanking. In the 33s at the moment. P T Barnum is proven right again.

[Dottore]

Originally Posted by widebody911

Suckerberg is laughing all the way to the bank.

And crying. Most of his stock is locked for several months.