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Twitter's Pre-IPO Euphoria: So Deja Book
This morning's announcement of the 25% rise in the IPO price of Twitter raised a few eyebrows across Wall and Main Street. Most will argue that investors have all learned many lessons in the 18 months since Facebook IPO'd to a clarion call for retail money large and small from every form of media that exists... The following headlines from the pre-IPO suggest, unfortunately, that we learned absolutely nothing...
In the week leading up to the Facebook IPO:
- Facebook to Set IPO Price Range High $20s to Mid $30s: WSJ
- Facebook has set a price range of $28 to $35 for IPO: AP
- Facebook Close to Pricing IPO at $38/Shr, WSJ Says
- Facebook Indicated at $44-$45 on Nasdaq IPO Cross: CNBC
and then this week - ahead of the Twitter IPO:
- *GORMAN EXPECTS 'CLEAN' OPENING TRADE ON TWITTER IPO
- *TWITTER SEES IPO PRICE $23-$25, HAD SEEN $17-$20
- *TWITTER IPO SAID TO BE OVERSUBSCRIBED SEVERAL TIMES AT $25/SHR
- *TWITTER SAID LIKELY TO PRICE IPO ABOVE INCREASED OFFERING RANGE
- *TWITTER RATED NEW BUY AT TOPEKA CAPITAL, PT $54
and so where did Facebook end up before embarking on its explosive price trajectory...?
Sure enough, the low end of the initial pre-IPO range...
But, of course, it's different this time...
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Even at $25, Twatter is less than 20% of Facefart's market cap. I predict is closes above $60.
I sees a FaceTwat merger
+100 "facetwat" merger". he he heee
Did you see me at the strip club last night?
Like FB, TWTR will be a fanstastic tale of overvaluation gone up, up, and away. I was in the "lol FB @ 38/shr? More like 4/shr" camp, and look where FB is now.
If I pay more can I get the higher quality Twitter stock?
Can I short it....
spalding you'll get nothing...
"how to spot bubble tops in the stock market".
Shalom Bernank prints a Twitter market cap every week.
There's a sucker born every minute.
The pathological optimism of those who can't lose has no limits.
With Yellen and QE 4 imminent someone should revive Pets.com: coupons will be tied in with Facebook and Twitter ads, sales hosted on Amazon, and with special discounts for Apple, Chipotle, and Tesla stock holders.
To the moon!
How many shares does Shummer have...oh and Big Al Gore?
Irie mon....
Just back from Jamaica...
I just read that the bulk of TWAT users are 18-24 years of age. And....they TWIT and TWAT primary when watching Tee Vee.
So not only do you have morons glued to the idiot box watching the lowest common demoninator BS vomited up by Hollywood, but simultaneously they are drooling over sending each other deep thoughts in 20 or 30 characters.
The average TWAT message is something like less than 50 characters and that is declining as the retards just send each pictograms in lieu of ebonix texts.
Nation of fucking idiots.
I like how you think.
That's interesting...
I would like to see a study of the breakdown between meaningful and unmeaningful tweets...if there is such a thing.
I imagine 98%+ of all tweets are mindless.
Dot Com 2.0.
In San Francisco, this looks exactly the same as it did last time.
...this kind of crap would have naturally been eliminated and expunged by efficiently functioning market forces in years past.
Oh, yeah that's right, what natural market forces?
This IPO will catch a bid from The Big Money Banks and never look back on their way to reselling it to the next sucker in the (dwindling) Retail Muppet Kiddy Pool.
And before you say, "what do I care", check with your pension fund manager to make sure they're not all-in.
Twitter will skyrocket. Everybody tweets. Even Zero Hedge. Facebook is toast. Tweens tweet.
i minority, non of above except visit to zh for the real story...