That's a VERY good point, Tim!! I have wondered for years how these IPO's can be legal. Talk about a dirty non-level playing field, YIKES!!!!
Will Facebook flop?
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That's a VERY good point, Tim!! I have wondered for years how these IPO's can be legal. Talk about a dirty non-level playing field, YIKES!!!!
... No more US citizenship, declaring Singapore as his new place of residence;
escaping all those USA taxes. ...Americans must love this guy! :b
escaping all those USA taxes. ...Americans must love this guy! :b
So, the phonebook/e-mail register attached to a high school yearbook with cheesy ads in the back didn't take off as planned?
I personally find it thought provoking that a web-page is supposed to be the best value creation ever ... trumping just about every company around that does something that is not evanescent.
I personally find it thought provoking that a web-page is supposed to be the best value creation ever ... trumping just about every company around that does something that is not evanescent.
400 million shares traded in 3 hours - that's impressive. In this business, they say that if you own the content you own the world... we'll see about that.
When they spent 1 Billion on an app that sepia-tints photos, that was a signal to investors that they were desperately looking for something to tart up their functions. How strange was that?
Good point... we called it desperation back then. If this isn't gambling with a P/E > 100, I don't know what is.
Bono of U2 makes $1.5 billion off Facebook
From MSN:
"U2 frontman Bono is expected to become the wealthiest rocker in the world, with his 2 percent stake in Facebook bringing in an estimated $1.5 billion.
Bono invested in the social media site in 2009, spending $90 million to purchase 2.3 percent of Facebook shares through his private equity firm Elevation Partners. Organizers arranging Facebook's IPO settled on a price of $38 per share and the company and its investors raised about $16 billion in the historic offering.
Facebook, which current CEOMark Zuckerberg and others started in a college dorm room eight years ago, debuted Friday morning on the Nasdaq Stock Market with the third-largest IPO in U.S. history that made the company -- started by current CEO Mark Zuckerberg and others in a college dorm room eight years ago -- the most valuable U.S. firm to ever go public."
From MSN:
"U2 frontman Bono is expected to become the wealthiest rocker in the world, with his 2 percent stake in Facebook bringing in an estimated $1.5 billion.
Bono invested in the social media site in 2009, spending $90 million to purchase 2.3 percent of Facebook shares through his private equity firm Elevation Partners. Organizers arranging Facebook's IPO settled on a price of $38 per share and the company and its investors raised about $16 billion in the historic offering.
Facebook, which current CEOMark Zuckerberg and others started in a college dorm room eight years ago, debuted Friday morning on the Nasdaq Stock Market with the third-largest IPO in U.S. history that made the company -- started by current CEO Mark Zuckerberg and others in a college dorm room eight years ago -- the most valuable U.S. firm to ever go public."
Free enterprising.
* And them billionaires of the world, do they help to make the world a better place to live, for EVERYONE?
* And them billionaires of the world, do they help to make the world a better place to live, for EVERYONE?
They can't, nor should they be expected to. However, this is a money-grab for the rich, which makes these IPO's rather distasteful.
Not only is the stock sputtering as anticipated, trading it appears to still be a high-stakes game. So on Friday, Morgan Stanley had defensive, buy-back triggers at the opening value of $38; today, they appear to be at $33 in order to prevent short-selling it. Clearly, Morgan Stanley is currently losing on these shares bought back at $38, but the losses are offset by those sold at IPO. Any attempt at guessing what will happen next needs to take into account what the bank will do or is willing to accept as loses. Gambling at its best...
Steve williams
Site Founder, Site Owner, Administrator
The fickle finger of fate award. Investors may be greedy, superstitious trend sluts, but if they haven't learned from the vapid, vapor stock debacles of the last 12 years, then they get what they deserve.
Invest in something that has assets, value and returns, not the evanescence of a passing fad, unless you are just convinced you are faster on your feet than the Wall Street predators.
Invest in something that has assets, value and returns, not the evanescence of a passing fad, unless you are just convinced you are faster on your feet than the Wall Street predators.
Waiting for this to trickle down?
Tim
-----You might have to wait another billion years!
* Oh and by the way, you will NEVER see Mark Zuckerberg posting here at WBF. :b
Did I hear they have 900 million members and valuation is $100B? That means that the market paid $11/user. Assuming half of those users are bogus, duplicates, etc, then the dollar amount is $22/member. I wonder if we set up a web site tomorrow and paid $22 for people to join, we would not have that many members?
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