Discussion in 'General Board' started by Aiden Roberts, May 18, 2012.
Anyone planning to buy Facebook shares or maybe even bought some?
Vote in the poll above.
not in a million years
There are much better investments IMO
Total waste of money !
Not worth anything like valuations.
The IPO today saw the price rise fom $38 to $42 then fall back down to $38 almost immediately. I honestly think the share price will end-up at around half the offering figure @ $19 within a year
Absolutely agree - they haven't found the magic monetisation formula in the period they've been private to justify the colossal valuation so it's a massive leap of faith from new shareholders to think they can join the dots. In the longer term - I'm not suggesting that they can't generate a big uptick in profit - but those expectations are already in today's price. I think it's a decent company, just don't see much value in it at these prices.
It's a great move for the insiders, gives them a way to turn some of their stock into cash, gives them new ways to retain staff and potentially most importantly gives them the ability to fund acquisitions with new paper.
I didn't buy any as I much prefer Google's search model for ad revenue generation, but I'll be keeping an eye on the Facebook share price.
I created a Yahoo Share Price Ticker so we can watch the prices for a while, you can see it here:
Facebook Share Price
if you want to bookmark it or there is a small box in the RH column on the homepage. I'll leave it up a few days to save you keep looking elsewhere to check the prices. It also shows (Up - Green) (Down - Red) plus Google as a comparison
Yup down 12% today already.
they only 'jumped' on first day in first hour or two as becuase of a 'glitch'
where original orders were being late in being processed
also it only retained original price of $38 (which was insane price) as underwriters were pitching fake buy orders (legally ) to prop up price
reminds me of domain auctions where the 'house' makes maiden bid of just under reserve to get things going
again , 'legally'
reality is more like $2 a share
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