• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Face-Off: FaceBerg Groupon'd At Half-Off IPO Price

Tyler Durden's picture




 

"And yay verily it was written that as the moon passes thrice through the sky after providing your funds to the IPO-of-the-decade, thou shalt see said funds smite in two..." Faceberg just touched $19, that is a 50% haircut on its IPO launch price from exactly 3 months ago - but as CNBC's Simon Hobbs seems convinced...what about the short-interest? Ask JCP or GRPN! Well, easy come, easy go. Just ask Mark, who has lost half his net worth in 3 months. Do we feel bad for him and his $9.6 billion? No. But we will check back in another 3 months just in case.

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Fri, 08/17/2012 - 16:04 | 2715150 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Damn. I can buy 9.6 Photoshop filters with that $9.6 billion.

Fri, 08/17/2012 - 16:05 | 2715153 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

You could. Or could knock one up in about 15 minutes.

Fri, 08/17/2012 - 16:17 | 2715196 TruthInSunshine
TruthInSunshine's picture

Since Barton Biggs is in the heavens, I'm waiting for 'the Joes' (Joe Lavorgna, Joe Weisenthal, Joe Terranova & Abby 'Joe' Cohen) to tell me when these New Winners of the New World v2.0 are a buy before I dive in with two-fisted buying.

Fri, 08/17/2012 - 16:23 | 2715243 redpill
redpill's picture

Ermagherd, Faceberg!

Fri, 08/17/2012 - 16:32 | 2715278 MillionDollarBonus_
MillionDollarBonus_'s picture

You idiots talk about the sell off as if this is just normal market activity ... this is a JOKE. How the HELL can the SEC just stand by and watch while these manipulative short sellers hammer the stock into the ground??? 

Fri, 08/17/2012 - 16:33 | 2715285 AlaricBalth
AlaricBalth's picture

We're not done hammering yet!!!

Fri, 08/17/2012 - 17:14 | 2715400 jcia
jcia's picture

Facebook getting people slaughtered. Can't wait for the Appletards to get obliterated.

Fri, 08/17/2012 - 17:15 | 2715405 jcia
jcia's picture

Where is the PPT? Coffee break?

Fri, 08/17/2012 - 17:41 | 2715478 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

When all you space monkeys are talking about deflation you seem to forget the economic paradigm can be anything inbetween.  Inflation in hard assets, deflation in worthless shit like facebook. 

This is the great balancing act - vaporize certain monies, and leverage others.  The PWG is likely short facebook to drive the deflation side to balance out the inflation side. 

WHo invests in facebook?  People with change to throw around.  So the PWG just took away the middle class' play money, so now they can't buy gold, which keeps a lid on inflation.

So the point?  It's all a big game, and the name of the game is maintaining the status quo.

Fri, 08/17/2012 - 17:58 | 2715524 AldousHuxley
AldousHuxley's picture

anything above $10,000,000 is FU money.

 

FaceBerg has FU money and will for generations.

 

US creates such "new money" elites every 5-10 years to keep the system fresh. Isn't it funny how Harvard (east coast) and Stanford (west coast) produces young billionare every so often. Not from killing, slave trading, gun toting, but via technology?

 

better than some douchbag prince king royalty money in Europe

better than some military dictator money in Africa

better than some slave suicide factory money in Asia (who apparently now has their wives kill foreigners)

better than ex-KGB gangster money in Russia

 

 

USA is still in good hands.

Fri, 08/17/2012 - 21:46 | 2715960 Bananamerican
Bananamerican's picture

et tu Aldous?

Fri, 08/17/2012 - 22:57 | 2716044 Atomizer
Atomizer's picture

 

 

NSA - National Security Agency

http://www.facebook.com/NSACareers 

I rest my case.

http://www.nsa.gov/Careers/ 

[Next US Government TV alarmist scene] We’re under a national security threat, Congress must pass this Bill immediately or run the risk of an attack on US soil. Any member who votes against will be construed as anti-American. Our interest is to protect the American people from known and/or potential cyber computer attacks.

Coming to a theater near you!

Sat, 08/18/2012 - 01:24 | 2716134 AldousHuxley
AldousHuxley's picture

better than MySpace for $580million which in 6 years became $35M.....

 

but media is a tool of the elite.....control of media is priceless for the elites that why they keep trying to buy it and control it.

 

HuffPost.

YouTube.

MySpace.

FaceBook.

 

doesn't matter if they make money or not. If it is popular, elites/governments MUST control it to maintain power structure by silencing criticism of the entire institution of bipartisian politics to keep the slaves divided.

 

Can you imagine Facebook alerting everyone of Fed's scams and banksters doings on the front page of every user's wall?

Sat, 08/18/2012 - 22:59 | 2717497 Cpl Hicks
Cpl Hicks's picture

Just got a job offer from them!
Just like that. Said I was a ZH regular.
So I lied, everyone else does too.

Sat, 08/18/2012 - 03:31 | 2716208 Bay of Pigs
Bay of Pigs's picture

What are you, a mind reader or prophet?

Give it a rest asshole. Your posts are offensive and they suck.

Sat, 08/18/2012 - 07:09 | 2716290 TWSceptic
TWSceptic's picture

That's comparing Apples with (rotten) oranges. Apple creates and produces real stuff, at least it has the possibility of growth. We can't say that about facepalm.

Fri, 08/17/2012 - 19:54 | 2715783 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

We're not done hammering yet!!!

"Oh please, don't sell me out,"
said the man with the hammer, hammering the anvil.
"I've been walking on the road of rocks,
and I keep on hammering, keep on hammering,
keep on hammering, hammering the anvil."

http://www.youtube.com/watch?v=pc9L06TqSDo

Fri, 08/17/2012 - 16:34 | 2715289 resurger
resurger's picture

Robo Trader trolls better MDB

Fri, 08/17/2012 - 16:38 | 2715303 Robot Traders Mom
Robot Traders Mom's picture

That's right. He learned on the Huff Post, Blaze, etc before he jumped into the 'Big Time.'

Fri, 08/17/2012 - 16:50 | 2715340 AlphaDawg
AlphaDawg's picture

What a bunch of wankers the zionits are, con artists.

I guess they have always been here and always will be.

Anyone who invests in equities and doesnt understand basic fundamental analysis will always lose, so fuck em all, investors included!

Fri, 08/17/2012 - 17:08 | 2715385 Manthong
Manthong's picture

I would much rather have Noli do me than Adobe.

http://www.npr.org/templates/story/story.php?storyId=4768811

Fri, 08/17/2012 - 17:13 | 2715395 jcia
jcia's picture

edit

Fri, 08/17/2012 - 17:25 | 2715430 TruthInSunshine
TruthInSunshine's picture

-

 

Anyone who invests in equities and doesnt understand basic fundamental analysis will always lose, so fuck em all, investors included!

 

The fundamentals matter now less than ever. These aren't "markets" and anyone who tries to trade them or "invest" in them is an imbecile, since they'll inevitably discover, like so many before them, that the great equity 'market' casino is a place where savings goes to get vaporized by those who control the very real levers that control the flow.

Why is it that so many multi-decade, reputable fund managers essentially returned partner/investor capital, and literally resigned or moved on to other areas of work, in the last 3 years (I'm speaking of some notable names that had billions in AUM)?  They knew that if you're literally not a best friend forever of the New York Whore Mother Branch of the Federal Reserve, hence getting face time with the likes of Dudley, along with lunch over at Treasury with Timmy Franz Geithner, to "invest" anything in the scam that is the equity markets is an absolute fool's errand.

If HFT antics and dark pools, being among just two examples of what is an extraordinarily rigged game, aren't enough to convince people that equities are the last place they should deposit their wealth into, then I suppose they deserve what they'll ultimately reap.

Equity markets are a rigged, fixed, broken, divorced-from-anything-rational latest iteration of radical central bank interventionism blowing bubbles.

Fri, 08/17/2012 - 18:39 | 2715627 malikai
malikai's picture

Fundamentals most certainly do matter.

But one must recognize that the fundamentals have changed, dramatically.

Fri, 08/17/2012 - 19:59 | 2715791 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Fundamentals most certainly do matter.

But one must recognize that the fundamentals have changed, dramatically.

Indeed. The change has been so dramatic that they're now called fraudumentals.

Fri, 08/17/2012 - 20:01 | 2715794 TruthInSunshine
TruthInSunshine's picture

Ben Bernanke's new FUBARmentals.

Sat, 08/18/2012 - 02:11 | 2716169 FerretBrain
FerretBrain's picture

The worst part is that many of the factors that must be treated as "fundamentals" are unknowable or hidden at the time of analysis.  Changes in 'rule of law' and 'property rights' are among the two biggies.

Fri, 08/17/2012 - 16:35 | 2715293 Vincent Vega
Vincent Vega's picture

I would think you'd be pleased. You are still dollar cost averaging down aren't you?

Fri, 08/17/2012 - 16:35 | 2715295 Likstane
Likstane's picture

The first 50 comments were kinda funny....now it's just stale.

Fri, 08/17/2012 - 16:37 | 2715299 Robot Traders Mom
Robot Traders Mom's picture

Totally.

 

At least you can eat your Facebook shares :)

Fri, 08/17/2012 - 20:07 | 2715806 TheFourthStooge-ing
TheFourthStooge-ing's picture

Robot Trader's Mom said:

At least you can eat your Facebook shares

Correct, as usual.

They'll probably go down a little easier if cooked together with some crow, followed by a dessert of humble pie.

Fri, 08/17/2012 - 16:45 | 2715326 malikai
malikai's picture

How many shares do you have? I'll buy them all.

$0.01

Just you and me, bro.

Sat, 08/18/2012 - 00:49 | 2716120 FreedomGuy
FreedomGuy's picture

Why the hell does everyone issue a quadrillion shares in an IPO, anyway? I like the Berkshire style myself. I watched a company I work for dilute the hell out of the shares and then try to buy them back later. This is one of my fundamental problems with stocks is that it is really not much different than the Fed issuing FRN's. I could buy 10% of initial offering and own ten percent of the company. Over time, the company can keep issuing shares diluting my holding or forcing me to buy ever more. The boards are always made up of other members who want to do the same thing. As I get older I see the traditional corporate structure is riddled with systemic problems and it is no wonder that so many companies barely last 50 years. GM went from powerhouse to poorhouse in a generation. Between incompetent arrogant self serving leadership and the stock manipulations they tend to fail just about as surely as the collectivist state.

I think Facebook is a good example of modern manipulated hype over substance. He will regret going public in the end.

Fri, 08/17/2012 - 18:29 | 2715346 fuu
fuu's picture

HA HA! I'm shorting yer shares to zero bitch!

Fri, 08/17/2012 - 17:27 | 2715434 Frozen IcQb
Frozen IcQb's picture

MillionDollarBonus:

Most people on this board know exactly what's going on. Ask any PM shareholder. Payback's a bitch.

Fri, 08/17/2012 - 17:35 | 2715461 CCanuck
CCanuck's picture

Why don't you send an email MDB, complain a little, given your status and pull, you may get an investigation started!

They could find some little fish to fry, plaster it front page; SEC Stops Evil Facebook Speculators.

Log on MDB, click some ads, help pump that sucker up! Fight Back!

And Buy The Dip Dammit! $19.00 is real cheap ! And helps that cost avg come down too!

Cc

 

Fri, 08/17/2012 - 17:39 | 2715472 Frozen IcQb
Frozen IcQb's picture

LOL ...my stomach hurts.

Fri, 08/17/2012 - 18:37 | 2715623 True.North
True.North's picture

You're waiting for the SEC to save you? The only thing they're saving is on their corporate subscription to Brazzers.com. In the meantime, check this out -- Lockup Period

Sat, 08/18/2012 - 00:42 | 2716116 FreedomGuy
FreedomGuy's picture

In a free world that is exactly what they are supposed to do...sit and watch honest trades. I think so many of these "tech" stocks are hype and crap. The revenue streams are sketchy. The actual numbers of users are sketchy. The products for sale or revenue are sketchy, but the names are big.

Buyer beware.

Sat, 08/18/2012 - 05:55 | 2716259 SanOvaBeach
SanOvaBeach's picture

I'm one of the short sellers  Laughing to the bank (mattress) APMEX. GC,  whatever!!!!!

Fri, 08/17/2012 - 18:23 | 2715591 Ewe235
Ewe235's picture

I guess they are getting back at Suckerberg for not trading in that hoodie for a suit.

Fri, 08/17/2012 - 19:24 | 2715725 James_Cole
James_Cole's picture

I don't know about the rest of you, but I think Tyler should use the pirate voice more often. 

Fri, 08/17/2012 - 16:25 | 2715254 Mark Carney
Mark Carney's picture

Lol, check out the premiums on out of the money calls for GRPN, its almost worth the gamble to pick some up for the imminent bounce up, this things been beaten hard and fast.....and I've enjoyed watching its fall.

Fri, 08/17/2012 - 16:42 | 2715314 vast-dom
vast-dom's picture

When is the DOW vs NASDAQ vs SP Face-Off at 60% OFF?

Fri, 08/17/2012 - 16:46 | 2715327 resurger
resurger's picture

At 60% sell off you will have a

Facebook overdraft

Fri, 08/17/2012 - 17:05 | 2715337 vast-dom
vast-dom's picture

yes but with NIRP they'll rehypothecate themselves into PE in excess of a google.

 

here's a funny one: 

http://www.marketwatch.com/story/sec-shuts-down-600-mln-zeekrewards-ponz...

 

Maybe SEC should shut down all of wall st. the fed and itself simultaniously.

 

 

Fri, 08/17/2012 - 16:10 | 2715180 slaughterer
slaughterer's picture

FB is a BUY at $4.  Been saying that at ZH all year.  

Fri, 08/17/2012 - 16:12 | 2715187 Comay Mierda
Comay Mierda's picture

strong support at $0

Fri, 08/17/2012 - 16:31 | 2715267 resurger
resurger's picture

The PPT have placed an HFT facebook buy order of 3,000,000,000,000,000,000 shares at 0.0015

Am sure the order will get filled in 15 minutes!

 

Fri, 08/17/2012 - 16:44 | 2715322 redd_green
redd_green's picture

C'Mon comay, its worth at least 25 cents a share.  After a hundred reverse splits.

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