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Who's Buying Facebook Stock?  
User currently offlinezrs70 From United States of America, joined Dec 2000, 3010 posts, RR: 9
Posted (1 year 11 months 3 days 18 hours ago) and read 3253 times:

Looks like it will start at $38/ share. Who is getting in?


14 year airliners.net vet! 2000-2013
66 replies: All unread, showing first 25:
 
User currently offlinenighthawk From UK - Scotland, joined Sep 2001, 5093 posts, RR: 35
Reply 1, posted (1 year 11 months 3 days 17 hours ago) and read 3241 times:

not me - i'll be staying well clear. There is far too much hype around this, it's resembling another .com bubble.

Groupon shares floated in similar circumstances for $26 a share, and it's now worth $12.50.



That'll teach you
User currently offlineoldeuropean From Germany, joined May 2005, 2026 posts, RR: 4
Reply 2, posted (1 year 11 months 3 days 17 hours ago) and read 3234 times:

This bubble will soon burst!


Wer wenig weiss muss vieles glauben
User currently offlinekiwiinoz From New Zealand, joined Oct 2005, 2165 posts, RR: 5
Reply 3, posted (1 year 11 months 3 days 17 hours ago) and read 3213 times:

Too many people who do not know what they are doing will pile on early and force the price up. Eventually it will settle down at around $26, (I will look at it then)

User currently offlineswissy From Switzerland, joined Jan 2005, 1734 posts, RR: 4
Reply 4, posted (1 year 11 months 3 days 14 hours ago) and read 3158 times:

Ahhh...NO, maybe in the low 10's  

Cheerios,


User currently offlineWestJet747 From Canada, joined Aug 2011, 1773 posts, RR: 10
Reply 5, posted (1 year 11 months 3 days 11 hours ago) and read 3102 times:

I wouldn't touch FB with a 100-foot pole. Based on the estimated value of the IPO at the current (pre-trading) range, the company is valued at something like 72 times earnings. That's absolutely ludicrous. I'd have some serious questions for anybody who thinks this is a good idea without a comprehensive 5-year plan delivered by hand from Zuckerberg himself.

Quoting zrs70 (Thread starter):
Looks like it will start at $38/ share

That's the price for institutional investors at the bell. No way somebody like you or I could get that price.

Quoting kiwiinoz (Reply 3):
Too many people who do not know what they are doing will pile on early and force the price up

Exactly. It happens in just about every tech IPO. Speculators jump the gun, forcing up overvalued stock even further, making the eventual fall back to earth even more damaging.

Quoting kiwiinoz (Reply 3):
Eventually it will settle down at around $26

I think you're being a little generous kiwiinoz!



Flying refined.
User currently offlinezrs70 From United States of America, joined Dec 2000, 3010 posts, RR: 9
Reply 6, posted (1 year 11 months 3 days 7 hours ago) and read 3045 times:

Quoting WestJet747 (Reply 5):
That's the price for institutional investors at the bell. No way somebody like you or I could get that price.

Well, I got in at 38.04. We'll see how it pans out.



14 year airliners.net vet! 2000-2013
User currently offlineWestJet747 From Canada, joined Aug 2011, 1773 posts, RR: 10
Reply 7, posted (1 year 11 months 3 days 6 hours ago) and read 3031 times:

Quoting zrs70 (Reply 6):
Well, I got in at 38.04. We'll see how it pans out.

I personally wouldn't have, but it looks like you got it on the cheaper end so well done!

I guess I'm eating my words a bit. As of right now (14:11 EST) it's $40.34. I had expected it to be above $50 by this point. Seems like today's peak was $42.05.



Flying refined.
User currently offlinejetmatt777 From United States of America, joined Jun 2005, 2725 posts, RR: 34
Reply 8, posted (1 year 11 months 1 day 18 hours ago) and read 2838 times:

Talk about a flat stock....


No info
User currently offlineMadameConcorde From San Marino, joined Feb 2007, 10725 posts, RR: 38
Reply 9, posted (1 year 11 months 8 hours ago) and read 2757 times:

Some have made money out of it

Facebook’s $104 billion initial public offering on Friday transformed thousands of young people into instant millionaires – as well as a few billionaires – and already the booming luxury market in Silicon Valley is experiencing an upswing.
...
When CEO Mark Zuckerberg rang the opening bell, he and few close colleagues became instant billionaires, while thousands of lower-level employees became millionaires.

http://www.foxbusiness.com/technolog...es-start-luxurious-spending-spree/

              



There was a better way to fly it was called Concorde
User currently offlineeinsteinboricua From Puerto Rico, joined Apr 2010, 2667 posts, RR: 8
Reply 10, posted (1 year 11 months 8 hours ago) and read 2753 times:

I was planning on purchasing a few shares, but after today I'll just wait until it is fairly stable (if it ever is).


"You haven't seen a tree until you've seen its shadow from the sky."
User currently offlinefr8mech From United States of America, joined Sep 2005, 5094 posts, RR: 12
Reply 11, posted (1 year 11 months 4 hours ago) and read 2695 times:

At the close, it's just north of $34. After hours is showing it down a bit.

I've already got a trigger in for $28. My gut says it won't get there before I get to go through some research. My gut also says that it will setlle down and trade in the mid-high $30 when it settles.

Let's see what Mr. Zuckerberg and gang have in store to get the stock moving a little.



When seconds count...the police are minutes away. Never leave your cave without your club.
User currently offlineStarAC17 From Canada, joined Aug 2003, 3331 posts, RR: 9
Reply 12, posted (1 year 11 months ago) and read 2662 times:

Quoting fr8mech (Reply 11):

Let's see what Mr. Zuckerberg and gang have in store to get the stock moving a little.

It will be interesting.

I wonder though if the stock once reaching equilibrium if it will be somewhat volatile when ever there is a major change to the platform.



Engineers Rule The World!!!!!
User currently offlinevegetables2001 From UK - England, joined Mar 2012, 93 posts, RR: 0
Reply 13, posted (1 year 11 months ago) and read 2651 times:

To be making money you should be looking in investing in the next FB.


A306,319,333 ATR72 BAC113/5, B703/704,717,721,732/3/4/5/7/8,741/1/4,757,763,773/E, DC8-6,9-3/5,10-30, DC106
User currently offlinefr8mech From United States of America, joined Sep 2005, 5094 posts, RR: 12
Reply 14, posted (1 year 10 months 4 weeks 23 hours ago) and read 2544 times:

I believe I'll be backing off my buy trigger. Looming lawsuits against NASDAQ, Zuckerberg & Morgan Stanley, all related to the IPO.

Stock is down around $30 quicker than I like.



When seconds count...the police are minutes away. Never leave your cave without your club.
User currently offlineFlyPNS1 From United States of America, joined Nov 1999, 6476 posts, RR: 24
Reply 15, posted (1 year 10 months 4 weeks 22 hours ago) and read 2526 times:

Wall Street at it's finest. Lowering revenue estimates, but conveniently only telling a select few right before the IPO.

User currently offlineDreadnought From United States of America, joined Feb 2008, 8709 posts, RR: 24
Reply 16, posted (1 year 10 months 4 weeks 21 hours ago) and read 2514 times:

I remember on the day of the IPO someone said that the buyers of Facebook were an unusually high mix of private investors - i.e. people investing with their Scottrade and TD Ameritrade accounts - and that large institutional investors were noticably staying away. That was enough for me to say, "Uh, oh".

Sure enough, it turns out that the big institutions had gotten wind that Facebook financials were going to be revised downwards after the IPO - in other words, the stock was even more overvalued than people thought.

An SEC investigation is getting started. Some people might end up in jail for this.

http://www.reuters.com/article/2012/...-regulations-idUSBRE84M00720120523



Veni Vidi Castratavi Illegitimos
User currently offlinenighthawk From UK - Scotland, joined Sep 2001, 5093 posts, RR: 35
Reply 17, posted (1 year 10 months 4 weeks 17 hours ago) and read 2454 times:

Quoting MadameConcorde (Reply 9):
Some have made money out of it

these were facebook employees who were given shares in the company when it started, of course they have made money.



That'll teach you
User currently offlinehomsar From United States of America, joined Jan 2010, 1103 posts, RR: 0
Reply 18, posted (1 year 10 months 4 weeks 12 hours ago) and read 2423 times:

Quoting Dreadnought (Reply 16):
Sure enough, it turns out that the big institutions had gotten wind that Facebook financials were going to be revised downwards after the IPO - in other words, the stock was even more overvalued than people thought.

So the can manage to release lots of detailed, personal private information about users without letting them know (having users only stumble onto the fact that their information is out there when they find out about new privacy settings that have changed), but they can't be bothered to release relevant financial information?

Go figure.

It's funny. Before the IPO, I was thinking that a great article for The Onion would have a headline "In major miscalculation, Facebook market capitalization valued at $7.52." Then there could be some photoshopped image of a homeless guy having a stock certificate for 10% of the company because it was cheaper than the spare change a stockbroker had in his pocket. Yeah, you had to be there. Sometimes, just for fun, I dream up my own Onion articles.

Where was I? Oh right. It sounds like these guys are better at computer programming than the are at financial stuff (well, duh, that's why they launched Facebook and not the next investment firm).



I was raised by a cup of coffee.
User currently offlineflyingturtle From Switzerland, joined Oct 2011, 2034 posts, RR: 13
Reply 19, posted (1 year 10 months 4 weeks 12 hours ago) and read 2416 times:

Well, the good thing is that the markets now put a price on all the user data we have given to the holy machinations of Facebook. 

IMHO, the market is saturated regarding social networks. If one wants to get rich... go and look for somebody with a new idea, for example companies that develop apps to use within FB. Zynga is a prime example.

I would really FEAR a social network that is hell-bent on turning user data into profits, driven by the stockholders' interests.   

Hopefully, it just turns out as a bonanza for Mr. Zuckerberg and his fellows who have already made lots of money with Facebook, and the IPO is just a practical joke played by them.

Quoting homsar (Reply 18):
It's funny. Before the IPO, I was thinking that a great article for The Onion would have a headline "In major miscalculation, Facebook market capitalization valued at $7.52." Then there could be some photoshopped image of a homeless guy having a stock certificate for 10% of the company because it was cheaper than the spare change a stockbroker had in his pocket. Yeah, you had to be there. Sometimes, just for fun, I dream up my own Onion articles.

You're a hero! Big grin


David

[Edited 2012-05-23 05:59:11]


Keeping calm is terrorism against those who want to live in fear.
User currently offlinewindy95 From United States of America, joined Dec 2008, 2690 posts, RR: 8
Reply 20, posted (1 year 10 months 4 weeks 11 hours ago) and read 2395 times:

This had disaster written all over it. The only ones who made money where the insiders who had been able to sell at the start. The average street investor who jumped in at the start took a licking.


OMG-Obama Must Go
User currently onlinefalstaff From United States of America, joined Jun 2006, 5961 posts, RR: 27
Reply 21, posted (1 year 10 months 4 weeks 11 hours ago) and read 2374 times:
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Quoting flyingturtle (Reply 19):
If one wants to get rich... go and look for somebody with a new idea, for example companies that develop apps to use within FB. Zynga is a prime example.

I think the real way to get rich over the long term is to invest in a business that actually makes products. Over the centuries the long term big money comes from business that make things or grow things. Real wealth comes out of the earth; coal, oil, iron ore, wood, minerals, ag products, etc. Intellectual property comes and goes, but that other stuff just keeps on making money.

facebook will be ancient history in a few years and manufacturing will still be cranking out goods.

Quoting windy95 (Reply 20):
The average street investor who jumped in at the start took a licking.

I heard on the radio today that some investors still don't know if their purchases even went through.

Quoting homsar (Reply 18):
The Onion would have a headline "In major miscalculation, Facebook market capitalization valued at $7.52." Then there could be some photoshopped image of a homeless guy having a stock certificate for 10% of the company because it was cheaper than the spare change a stockbroker had in his pocket.

That would be funny!

speaking of stock certificates do any of those even get printed anymore?

Quoting vegetables2001 (Reply 13):
To be making money you should be looking in investing in the next FB.

Probably a good idea, at least for short term wealth making. It won't be long before facebook is just a thing that "we all used to do" and something new is out there. You probably be better off to invest in a.net, if that was possible, because it has been around longer most of the "hot stuff" on the Internet and likely will be around longer than the new "hot stuff" too.



My mug slaketh over on Falstaff N503
User currently offlineDreadnought From United States of America, joined Feb 2008, 8709 posts, RR: 24
Reply 22, posted (1 year 10 months 4 weeks 11 hours ago) and read 2364 times:

Quoting falstaff (Reply 21):
Probably a good idea, at least for short term wealth making. It won't be long before facebook is just a thing that "we all used to do" and something new is out there.

Anyone remember how popular MySpace was? Remember Netscape? How about e-toys, which went from around $85 per share down to 9 cents before vanishing? The only funds any investor should put into a company that goes from zero to several billions in just a couple of years based purely on popularity should be funds that he is willing to lose entirely if things go wrong.



Veni Vidi Castratavi Illegitimos
User currently offlinemoo From Falkland Islands, joined May 2007, 3829 posts, RR: 5
Reply 23, posted (1 year 10 months 4 weeks 11 hours ago) and read 2364 times:

Quoting falstaff (Reply 21):
It won't be long before facebook is just a thing that "we all used to do" and something new is out there.

I had a discussion about this with someone not that long ago, and the realisation I came to is that no, there is next to zero chance of Facebook dying off in the next 20 years.

Why? Because of the critical mass it has now - its way beyond Friendster, MySpace etc in number of interconnected users - and its that interconnections with your friends groups which is the most important thing to people these days.

It would take a miracle to migrate off of Facebook and retain the abilities you currently have on it as a platform - you might migrate, but short of forcing everyone you interact with to also migrate, you might be on your own for a while.

Facebook will grow and grow, it will add more features and it might change somewhat, but short of a legal challenge forcing ease of access to competitors for migration and interaction purposes, getting people off the platform is now the biggest roadblock - if Google struggle to do it, then so will pretty much everyone else.

What will succeed are services that do not compete with Facebook - Pinterest etc.


User currently offlinemoo From Falkland Islands, joined May 2007, 3829 posts, RR: 5
Reply 24, posted (1 year 10 months 4 weeks 11 hours ago) and read 2360 times:

Quoting Dreadnought (Reply 22):
Anyone remember how popular MySpace was?

Individual pages, not much interconnection between people and groups. Very easy to migrate off without trouble.

Quoting Dreadnought (Reply 22):
Remember Netscape?

What about it? Its not comparable because its not in the same market space. Netscape failed because it had a very very poor product, not for any other reason. Facebook has a very good product, with no sign yet of it failing in quality.


25 WestJet747 : As I mentioned in an earlier reply, an IPO valuation of 70+ times above earnings is not realistic. The most successful tech companies are only valued
26 moo : Why? Facebook is doing everthing its users want it to, and is adding new features regularly. The last thing it needs to do is reinvent itself - that
27 falstaff : Quality is an odd word to use too. Customer perception can change very quickly with non concrete items. What is quality when it comes to facebook? Wh
28 Post contains images StarAC17 : Netscape also failed because MS with Win 98 built IE into the OS making installing another browser very difficult at the time. MS was sued for doing
29 moo : You. You are the product they sell - Facebook has a greater density of information per user than Google can even dream about, and that is what they s
30 moo : Ahh, common falacy - Netscapes market share didn't start dropping until IE5 came out, and Netscape didn't respond - Navigator 4 was a total abominati
31 Post contains images flyingturtle : Didn't know that!
32 Giancavia : I dissagree that Facebook will grow and grow, Like Myspace it will have its time and die out. Twitter seems to be the new obsession and then Google+ w
33 Post contains images WestJet747 : That's what people said about MySpace and Friendster. Only one of those two is still viable today and that is because they reinvented themself to kee
34 nighthawk : I would say there is next to a 100% chance that facebook will one day die off, and a very high chance that this will occur within the next 20 years.
35 moo : MySpace died because of Facebook. So far, there isn't a replacement for Facebook even remotely hinted at in rumours. And Facebook is getting it all r
36 Silver1SWA : I have a Facebook account but I have stayed away from it for a few years now. Too much drama and lack of control over being exposed to certain indivi
37 JetBlueGuy2006 : I also thought the valuation was maybe a little too high. It seemed like when they initially came out with the price about 3 weeks ago, they were goi
38 moo : With ICQ you had what connection keeping you using the application - an ICQ number? What else? Facebook users have entire galleries, groups, posts, f
39 Klaus : No, it's actually trending the other way already, since more and more people are more and more shifting their internet use to mobile devices where ad
40 Dreadnought : It can be realistic. A fast-growing company can easily sell for 70 x earnings or more. A company that is still growing but not so fast anymore may tr
41 Giancavia : Negative.. Myspace died because it had no idea how to change. Firstly it updated to a profile style nobody wanted (Kinda like FB just did) Then it up
42 Post contains images WestJet747 : Another point I hadn't made earlier is that one of the largest functionalities of Facebook is helping kill the company: Facebook for BlackBerry/iPhone
43 Post contains links and images Klaus : Even the rapidly growing and massively profitable Apple has a P/E ratio of just 13.54 Facebook looks a bit like a late outlier of the dotcom bubble y
44 moo : I'm in the process of writing a social media platform at the moment - its not a Facebook competitor (we are actually talking to Facebook at the momen
45 Klaus : Questions are: • with the difficult situation of the economy at large, will advertising budgets remain unaffected? • when a service has its users
46 moo : As far as I have seen, they've gone up in most areas. Migrating to a mobile device brings a higher yield ad focus in - desktop users can block ads, m
47 Dreadnought : Oh, no argument about that. Facebook already has - what - a billion users now? And all the advertising it can handle (in fact it just lost GM). A P/E
48 Silver1SWA : When Google+ launched, they had a lot of potential and a lot of Facebook users eager to try it out. Google+ had a chance, but failed. People gave it
49 Post contains links type-rated : I asked my broker to get me 100 shares just for kicks. He told me that for the first thirty days the only people they are selling FB stock to are thos
50 Dreadnought : Very good point. There is only one direction you can go when you are Number 1 - and that's not up. On the other hand, Google got into the very volati
51 wukka : Klaus, I don't think that I have ever agreed with you on anything ever in the history of ourselves being ourselves on Airliners.net, until now. (Appl
52 Post contains images Klaus : We should be careful about upsetting the balance of the universe that way. Never cross the beams!
53 Post contains images windy95 : Agree with you on this. This is point number one on why not to buy this stock. Most everyone that i know use FB on the Iphone. Apple would be a bette
54 windy95 : Just watched anotherr analyst say that FB will grind down to $22. Everyone is looking at the P/E ratio as totally unrealistic.
55 Post contains links and images TheCommodore : Plenty appear to be getting out ! And things are going from bad to worse for Mr Zuckerburg. Share price drops a whacking 36% since its US$45 highs...
56 na : Facebook is a bubble. Much of the business is virtual. 900 million users, well, many of them could walk away in a few years if some other geek has a b
57 flyingturtle : And the real winners are those who have short positions.
58 na : I´d even expect less midterm.
59 FlyPNS1 : Facebook isn't so sure. Here's an excerpt from part of FB's amended IPO filing on May 9th. "However, we do not currently directly generate any meanin
60 virgin744 : FB is only as popular as it is because its a free product (that does a good job). Once you start charging people to use it you will see a huge drasti
61 Post contains images WestJet747 : More like 900 million accounts. The media continues to say that Facebook is approaching 900 million users, when in fact, that number is for individua
62 moo : That doesn't conflict with my statement - its simply a case of Facebook doesn't explicitly target their mobile audience with ads at all right now, so
63 stealthz : 27.94... Thurs 31 may ?? Maybe not so cheap?... oops now 27.71 while I write this post.. Stellar performer
64 EricR : A company valued at $100 billion with only $700 million in revenues is the definition of overvalued and was a big red flag from day one. In theory, FB
65 StarAC17 : They charge me 1 cent a month and I'm walking, Zuckerberg knows this and knows if there is ever a fee for it, its not happening. Also any investor pu
66 Post contains links EricR : Well, according to one analyst, he believes Facebook will disappear in 5 to 7 years. By disappear he means Facebook will become insignificant similar
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