Chinese "Facebook" Does Chinese "Faceplant" As Chinese IPO Bubble Pops

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 05/11/2011 - 12:23 | 1263513 ghostfaceinvestah
ghostfaceinvestah's picture

Just praying Groupon goes public before the Fed bubble pops, that would be my #1 short position.  Unfortunately I don't think they will make the window.

Wed, 05/11/2011 - 12:31 | 1263598 Ahmeexnal
Ahmeexnal's picture

CME raised margin requirements on RenRen??

Wed, 05/11/2011 - 12:40 | 1263653 Al89
Al89's picture


Wed, 05/11/2011 - 12:42 | 1263665 Al89
Al89's picture

Fuck. As soon as QE3 is announced I'm hiring some programmers to make 'The Chinese Adultfriendfinder'. Then I'm going to IPO it and retire to my desert island.

Wed, 05/11/2011 - 13:50 | 1264015 What does it al...
What does it all mean's picture

You just took my bright idea.... thank you very much.

Wed, 05/11/2011 - 12:25 | 1263516 TruthInSunshine
TruthInSunshine's picture

AdultFriendFinder/Friendster, a cheezy porn peddling company, and representative of the 'New Amerikan Economy' (along with those peddlers of smut like Goldman Sachs & JP Morgan who are engineering shitty financial products) is well below 1st day IPO offer, too.


Wed, 05/11/2011 - 13:56 | 1264041 mspgrandi
mspgrandi's picture

At least inAFF you can see where revenue would come from... if people want to see some fake sexy profiles they have to subscribes.... user base = money....

In facebook, skype or linkedin users do not pay anything.... so .... well... there s only a limit to the amount of advertising we can take

Wed, 05/11/2011 - 12:21 | 1263517 ZeroPower
ZeroPower's picture

To be honest, i cant belive that POS of a firm was allowed to even IPO out here. If anyone's had a chance to look at the website, its a fucking blatant ripoff of facebook. 

Hmm... could that maybe explain why FB is blocked in China? 


Fuck renren.

Wed, 05/11/2011 - 12:49 | 1263727 Saxxon
Saxxon's picture

Did anyone here ever look at individual stock charts from the Shanghai bourse in, say, the early 2000s before all the froth formed?

I concluded the Shanghai stock exchange was  obviously rigged, and I swore off Chinese 'stocks' then and there and have had no occasion whatsoever to regret that decision.

It helped to know a little of the background of the nascent 'stock market boom' in China; how it was sold to the public; how the trading rooms in the PRC resembled offtrack betting salons; how the public had previously been swindled by Taiwanese RE hustles and pyramid schemes.

burn baby burn.

Wed, 05/11/2011 - 13:29 | 1263949 trav7777
trav7777's picture

gosh, you don't mean to imply that the vaunted China, Inc. is nothing more than a counterfeiting shop, do you?

Why the fuck haven't we tariffed everything from that shithole?

Wed, 05/11/2011 - 13:57 | 1264038 Cdad
Cdad's picture

To be honest, i cant belive that POS of a firm was allowed to even IPO out here.


You do not understand Duncan Niederauer's penchant for capital destruction.  We knew months ago, with the first batch, that these things were junk.  Yet, out come the IPOs...and ra ra goes the BlowHorn [CNBC].

And this morning BlowHorn conversation was, "Does the Raj conviction restore confidence in the US markets?"


Wed, 05/11/2011 - 14:54 | 1264349 DonutBoy
DonutBoy's picture

It's all good, Facebook is a rip-off too.

Wed, 05/11/2011 - 12:23 | 1263530 buzzsaw99
buzzsaw99's picture

when you're bearish it's best to buy emerging markets. lmao

Wed, 05/11/2011 - 12:25 | 1263539 firstdivision
firstdivision's picture

All the HF's unwinding positions and moving to off-shore cash positions?  Preferably in Argentina?

Wed, 05/11/2011 - 12:28 | 1263549 TruthInSunshine
TruthInSunshine's picture

Also, Goldman Sachs swore up and down that Facebook was worth 500 billion, for starters.

More Goldman Sachs 'valued clients' get led to the sausage grinder.

Abacus Parts I, II, III, IV, V, V, VI, VII, VIII, VIIII, X through infinitum.



Wed, 05/11/2011 - 12:43 | 1263675 SP666_IsComing
SP666_IsComing's picture

Everything is going to go POP when Elenin eclipses the sun.  Please wake up from your slumber.

Comet Elenin is coming Sept 27, 2011.  From mythology, stars are considered angels and comets are considered archangles. Comet Elenin will be the mightiest archangel of them all.  It will try to overpower the sun (god of old) when it crosses directly between the earth and sun and it will literally fall to earth.  This comet is the origin of all the old myths about the mightiest angel who fell from grace, banished by god (the sun), and fell to earth … better known to everyone as Lucifer.

This comet’s vapor trail is saturated with dust (as all comets are) and it will sweep and engulf the earth in October (the fallen angel).  The massive vapor and dust tail will engulf the earth and create enormous rainclouds for DAYS all over the world.  Water levels will rise everywhere.

A massive flood is coming in October.  This is not a joke. This is not a test.

SP-666 will be taken out before October.

Bankster criminals, murderers and thieves (and all their ilk) have kept this “little” event secret for centuries. For nothing but pure greed and hatred for the rest of humanity, sheeple and markets have been lied to and manipulated for millennium so those greedy little devils … “chosen people” can “inherit the earth” after this event.  They are stealing and raping everyone now to accumulate every last ounce of gold (money) before October.

Wed, 05/11/2011 - 12:44 | 1263695 ZeroPower
ZeroPower's picture


Wed, 05/11/2011 - 12:46 | 1263710 SP666_IsComing
SP666_IsComing's picture

It will not be funny in October.

Wed, 05/11/2011 - 12:53 | 1263752 ZeroPower
ZeroPower's picture

Can you promise to post back on Sept 28 so that we can have a pleasant discussion then?

Wed, 05/11/2011 - 12:56 | 1263771 SilverRhino
SilverRhino's picture

You need to up your voltage.  Seriously.  

Wed, 05/11/2011 - 13:35 | 1263954 Cpl Hicks
Cpl Hicks's picture

ROFL...A review of the meds regimen and dosages would also seem to be needed.

Wed, 05/11/2011 - 13:21 | 1263908 Tramp Stamper
Tramp Stamper's picture

If that happens as you predict, then it will be much easier to get TPTB and deal with them in an appropriate way and start over

Wed, 05/11/2011 - 13:33 | 1263955 trav7777
trav7777's picture

where will the water come from?

Wed, 05/11/2011 - 15:16 | 1264490 SP666_IsComing
SP666_IsComing's picture

Cosmic dust is how our clouds form.  The solar winds either pushes the dust away (high pressure system) or allows it to fall (low pressure system) where water vapor attaches to the dust partices to form clounds.  Elenin will be swamping the earth with dust and the earth will resemble Venus, covered with clouds constantly.  On Earth it will form rain like noone could possibly imagine.

Wed, 05/11/2011 - 14:04 | 1264071 mspgrandi
mspgrandi's picture

Thanks for the insight.. and glad you could share with us this so well kept secret that has been hidden for the last centuries...

p.s. Lots of rain = Colorado safest place on Earth = oh hang on .... maybe you folks should look at this maybe next time you drink so much on a night out, you should stay away from a computer desk?

Wed, 05/11/2011 - 12:46 | 1263708 old naughty
old naughty's picture

Just as we speak (eh, write), there are quite a few "forward"-looking research houses continued to pop the buy-EM-fenzy...

Bears at home talked into buying abroad.

Think delayed QEx wouldn't affect EM?

There is only one source of hot money.



Wed, 05/11/2011 - 13:13 | 1263857 JW n FL
JW n FL's picture



Synthetic Tops in Commodities Provided by the CFTC to the detriment of Americans and Betterment of “People’s Republic of China”!


Every time the CFTC releases its Margin Hike Press Release after hours here in the United States.. China gets to front run the Fucking Dip!


It is not bad enough that the idiots who back test blindly will cause artificial drag on the market with the Synthetic Peaks that have been provided to them, the algo’s can NOT even grasp the concept and for the most part the people who are programming are going to favor the numerically correct solution based on the larger law of averages..


But an American Commission, that is supposed to protect Americans.. is empowering China to once again have the upper hand?


What the FUCK?


Our Government has given China enough freebies for the week! And last week and pretty much going forward for-fucking-ever!


I hate stupid people! I hate the stupid Government that allows 50,000 jobs to go to China a MONTH! Now China gets to front run the downward pressure in Metals which benefits CHINA! Which is a foreign Power! More than the Americans it is supposed to help in the long run!!




Senate Republicans blocked a Democratic Bill to End tax Breaks for Moving U.S. Jobs Offshore! 50,000 Manufacturing Jobs a Month since 2001 have LEFT! The United States for China!


How much more are we going to have to give China? When is enough stupidity enough? This Country is FUCKED! And no one gives a shit! Everyone wants to pray for the rapture or live the lie of the Treasury! And where in the FUCK are the people charged with securing the national Security of the Country? Those mother fuckers are the First ones that should be hung for treason.. going back 30 – 40 years!

Wed, 05/11/2011 - 13:36 | 1263966 Cpl Hicks
Cpl Hicks's picture

Those mother fuckers are the First ones that should be hung for treason.. going back 30 – 40 years!

Get Jimmy Carter at the head of the line by the gallows.

Wed, 05/11/2011 - 18:07 | 1265458 dugorama
dugorama's picture

At ease, Cpl!

It was Nixon that opened the door to China, not Carter.  Carter was a boomer (nuke attack sub commander - not baby boomer) and no friend of the Chinese.

Wed, 05/11/2011 - 14:04 | 1264080 ebworthen
ebworthen's picture

Yes, where are the Men and Women who have sworn to uphold the Constitution?

You know, the ones with guns?

Wed, 05/11/2011 - 13:56 | 1264045 ebworthen
ebworthen's picture


When does the "Circle Jerk"  IPO come out? (symbol JIZ).

I'm sure if Bob Pisani, Jim Cramer, Maria ("G6") Bartiromo, Becky ("Licky") Quick, and Warren ("Astroglide") Buffet all endorse it at a "roundtable" it will "fly" (pun intended - though Bob may be the only one with any spunk left).


Wed, 05/11/2011 - 14:02 | 1264062 Luke 21
Luke 21's picture

Shares went public at $14

Wed, 05/11/2011 - 14:26 | 1264208 buzzsaw99
buzzsaw99's picture

bears should buy emerging markets bitchez!:


Do NOT follow this link or you will be banned from the site!