Topic: Facebook (Read 6815 times)

JimH · « **on:** May 19, 2012, 06:16:28 pm »

They went public yesterday, in case you didn't notice.

Starting at $38, up to $42, back to $38. For selling around 1/2 a billion shares, not bad. The press reported it as a modest failure.

What next? Is it time for JRiver to make its move?

Scolex · « **Reply #1 on:** May 19, 2012, 06:40:45 pm »

Only if current users get a stock option prior to going public.

JimH · « **Reply #2 on:** May 19, 2012, 06:53:06 pm »

We could let you in at, say $30.

KingSparta · « **Reply #3 on:** May 19, 2012, 06:58:00 pm »

I did not think they would sell as much as they were estimating.

JimH · « **Reply #4 on:** May 19, 2012, 07:01:21 pm »

There are about a billion people who log in each month at Facebook. They sold half a billion shares.

The value of each customer in their IPO was about $100.

Matt · « **Reply #5 on:** May 19, 2012, 07:23:39 pm »

I'm a little confused, because I thought the market cap at $38/share was over $100B.

But Yahoo! Finance is showing $51B now:
http://finance.yahoo.com/q/ks?s=FB

Either seems hard to justify to me, given they have $4B in revenue a year. Everyone is already a member, so where will all the dollars come from to justify that valuation?

To put it in perspective, Facebook's valuation is approaching that of Intel. The valuation exceeds Alcoa, Ford, and 3M combined.

Facebook is neat and important, but I don't understand the price.

DarkPenguin · « **Reply #6 on:** May 19, 2012, 09:03:45 pm »

"neat and important"? Really?

rjm · « **Reply #7 on:** May 19, 2012, 11:33:30 pm »

If you have an opportunity to cash out you should take it and buy gold.

imugli · « **Reply #8 on:** May 20, 2012, 05:31:00 am »

Quote from: rjm on May 19, 2012, 11:33:30 pm

If you have an opportunity to cash out you should take it and buy gold.

Ah, a fellow Gold evangelist

The only true global currency...

Mr ChriZ · « **Reply #9 on:** May 20, 2012, 05:42:15 am »

All gold bugs will be glad to know I've personally rescued the gold currency by bailing out last Tuesday and selling the gold i've held for two years. After over a year of it slowly falling wiping out some impressive gains I made in the early days I bailed out (still modestly up but not much else).

Already Gold prices have made some impressive gains since I sold up.

InflatableMouse · « **Reply #10 on:** May 23, 2012, 08:19:03 am »

Freefall .... hang on to your pants.

http://www.latimes.com/business/la-fi-0523-facebook-regrets-2-20120523,0,2596022.story

https://www.google.com/finance?cid=296878244325128

http://www.reuters.com/article/2012/05/23/us-facebook-galvin-idUSBRE84L1BS20120523

http://www.reuters.com/article/2012/05/23/us-facebook-lawsuit-idUSBRE84M0RK20120523

bob · « **Reply #11 on:** May 24, 2012, 05:53:18 pm »

The dudes who got in at $1 (before public offering) and got out at $38 are laughing all the way to their swiss bank accounts.

pcstockton · « **Reply #12 on:** May 24, 2012, 05:59:22 pm »

Quote from: rjm on May 19, 2012, 11:33:30 pm

If you have an opportunity to cash out you should take it and buy gold.

I really hope you are kidding. This is not a sound investment. Ask anyone who didn't buy 50 gallon barrels of kerosene in anticipation of Y2K or tons of duct tape and plastic sheeting after 9/11.

InflatableMouse · « **Reply #13 on:** May 24, 2012, 11:55:45 pm »

Quote from: bob on May 24, 2012, 05:53:18 pm

The dudes who got in at $1 (before public offering) and got out at $38 are laughing all the way to their swiss bank accounts.

You mean like this dude?

http://www.telegraph.co.uk/news/celebritynews/8707999/Bonos-Facebook-shares-approach-1bn.html

bob · « **Reply #14 on:** May 25, 2012, 10:28:59 am »

Quote from: InflatableMouse on May 24, 2012, 11:55:45 pm

You mean like this dude?

http://www.telegraph.co.uk/news/celebritynews/8707999/Bonos-Facebook-shares-approach-1bn.html

Yup and there were PLENTY of other "insiders" like him.
It looks a lot like a way for the insiders to cash in on the non-leveraged individual investors who thought they were getting something for $38 at the IPO.

rjm · « **Reply #15 on:** May 30, 2012, 11:11:19 am »

"Facebook is a platform in which Zuckerberg and friends try to sell a bunch of monkeys some sh*t they don't need while these monkeys groom each other online."

http://www.declineoftheempire.com/2012/05/mark-zuckerberg-is-a-cretin.html

InflatableMouse · « **Reply #16 on:** May 30, 2012, 11:37:27 am »

I don't like Facebook but that article is wrong in so many ways. I just read a bitter man's post filled with jealousy over another man's success. Maybe I'm wrong I never read anything on that site before.

bob · « **Reply #17 on:** May 30, 2012, 12:23:05 pm »

What is one really buying when one buys shares of facebook? Keystrokes?
Does anyone really hit those ad's?
It seems like based on their revenue, they make about $1 / user / year.

rjm · « **Reply #18 on:** May 30, 2012, 01:18:20 pm »

Quote from: InflatableMouse on May 30, 2012, 11:37:27 am

I don't like Facebook but that article is wrong in so many ways. I just read a bitter man's post filled with jealousy over another man's success. Maybe I'm wrong I never read anything on that site before.

He is bitter, but quite intelligent and usually right. This was not one of his better posts. I linked to it only because I thought the above quote was spot on.

Here is one of his better posts:
http://www.declineoftheempire.com/2011/11/for-humans-the-economy-is-everything.html

pcstockton · « **Reply #19 on:** May 30, 2012, 02:48:26 pm »

If Microsoft offered J River a few BILLION dollars for the MC software would we consider Bob and the fellas "evil"?

JimH · « **Reply #20 on:** May 30, 2012, 02:50:17 pm »

We already turned them down. Bob didn't want the money. Thought it would corrupt us.

KingSparta · « **Reply #21 on:** May 30, 2012, 02:58:54 pm »

Is that true bob?

Power corrupts; absolute power corrupts absolutely.

pcstockton · « **Reply #22 on:** May 30, 2012, 03:07:32 pm »

Come on King Sparta. NO ONE turns down billions with one exception. The dude from Craig's List. He could have sold that puppy to eBay for billions. In an interview he said, "Sometimes you just have enough money". What?? Very refreshing.

-p

KingSparta · « **Reply #23 on:** May 30, 2012, 03:38:42 pm »

I think it is possible, not sure it was billions.

besides media center is the best audio program out there, so it would be a mistake if Microsoft did not make an offer.

bob · « **Reply #24 on:** May 30, 2012, 05:19:32 pm »

Quote from: KingSparta on May 30, 2012, 02:58:54 pm

Is that true bob?

Power corrupts; absolute power corrupts absolutely.

I didn't say facebook was evil, I was just implying that there is little to lead one to believe it's worth it's IPO price.

pcstockton · « **Reply #25 on:** May 30, 2012, 05:44:38 pm »

I think that the proof of worth needs to be shown to those shelling out millions to advertise on the site.

KingSparta · « **Reply #26 on:** May 30, 2012, 05:55:33 pm »

Quote from: bob on May 30, 2012, 05:19:32 pm

I didn't say facebook was evil, I was just implying that there is little to lead one to believe it's worth it's IPO price.

Thats for sure

InflatableMouse · « **Reply #27 on:** June 04, 2012, 09:46:48 am »

https://www.youtube.com/watch?v=aDycZH0CA4I&feature=youtu.be

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Author Topic: Facebook (Read 6815 times)