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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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment redpill
redpill's picture

Ermagherd, Faceberg!

Fri, 08/17/2012 - 16:32 | Link to Comment 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 | Link to Comment AlaricBalth
AlaricBalth's picture

We're not done hammering yet!!!

Fri, 08/17/2012 - 17:14 | Link to Comment jcia
jcia's picture

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

Fri, 08/17/2012 - 17:15 | Link to Comment jcia
jcia's picture

Where is the PPT? Coffee break?

Fri, 08/17/2012 - 17:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bananamerican
Bananamerican's picture

et tu Aldous?

Fri, 08/17/2012 - 22:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment resurger
resurger's picture

Robo Trader trolls better MDB

Fri, 08/17/2012 - 16:38 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment jcia
jcia's picture

edit

Fri, 08/17/2012 - 17:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Ben Bernanke's new FUBARmentals.

Sat, 08/18/2012 - 02:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment Likstane
Likstane's picture

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

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

Totally.

 

At least you can eat your Facebook shares :)

Fri, 08/17/2012 - 20:07 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fuu
fuu's picture

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

Fri, 08/17/2012 - 17:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment Frozen IcQb
Frozen IcQb's picture

LOL ...my stomach hurts.

Fri, 08/17/2012 - 18:37 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment resurger
resurger's picture

At 60% sell off you will have a

Facebook overdraft

Fri, 08/17/2012 - 17:05 | Link to Comment 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 | Link to Comment slaughterer
slaughterer's picture

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

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

strong support at $0

Fri, 08/17/2012 - 16:31 | Link to Comment 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 | Link to Comment redd_green
redd_green's picture

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

Fri, 08/17/2012 - 16:32 | Link to Comment stocktivity
stocktivity's picture

Would you ever read advertisements while chatting on the phone? Then why would anyone ever read advertisements while using facebook? Broken business model.

Fri, 08/17/2012 - 22:14 | Link to Comment mendigo
mendigo's picture

it seems to me that they are acknowledging that they don't have a business model - they do not really have something to sell. Its a novelty which is getting stale - how does it improve peoples lives. And the big ad push is only making it more anoying and accelerating it to the downside. netflix has a product apple has products not all internet shit is the same

Analist:
“They’re still figuring out the best way to optimize their core business. And they haven’t quite done that yet.”

Fri, 08/17/2012 - 16:05 | Link to Comment WALLST8MY8BALL
WALLST8MY8BALL's picture

Have you ever seen a man eat his own face?

Fri, 08/17/2012 - 16:20 | Link to Comment resurger
resurger's picture

I love facebook salami, they taste good when they are toasted with sliced bread.

 

Fri, 08/17/2012 - 17:04 | Link to Comment disabledvet
disabledvet's picture

"THEN YOU HAVEN'T SEEN EVERYTHING HAVE YOU!"

Fri, 08/17/2012 - 16:05 | Link to Comment booboo
booboo's picture

if I had a dog that look this bad I would shave his ass and make him walk backwards.

Fri, 08/17/2012 - 16:05 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Serious question: Is Facebook going away?

 

I am firmly in the camp that it is.

Fri, 08/17/2012 - 16:08 | Link to Comment debtor of last ...
debtor of last resort's picture

Yes, it will go away. Together with other stuff we don't need.

Fri, 08/17/2012 - 21:05 | Link to Comment takeaction
takeaction's picture

I agree....I have a facebook account that I set up about 2 years ago.  Was fun and interesting for about 6 months to see all of my class mates and to see how all of the hot bitches got fat.  That was it.  Interest gone...after watching several of my employees do the drunken facebook fight with their girlfriends on an open forum......as well as all of my dumbass "Friends" posting what they eat at night.  I am done...most people I know are done with it.  This is a 100% win for anybody who shorts this piece of shit thing.  You can ride this one from $19 all the way down.  This thing will never "Pop" up in my opinion.  It had its run, just like myspace, hot or not, Digg, and all of the other shit bag sites that are popular for a moment.  I still love going to peopleofwalmart.com.....here is a video from that site...will make you smile. 

http://www.youtube.com/watch?v=ghrDIQ-K8mg

Sat, 08/18/2012 - 00:28 | Link to Comment StychoKiller
StychoKiller's picture

LOL!  I gotta wonder:  Just WHAT did those two fools do to get arrested at Walmart??

Sat, 08/18/2012 - 15:36 | Link to Comment RafterManFMJ
RafterManFMJ's picture

They were wearing suits / ties.

Fri, 08/17/2012 - 16:13 | Link to Comment Vincent Vega
Vincent Vega's picture

At it's current pace it won't make it til Christmas (130 days).

Fri, 08/17/2012 - 16:15 | Link to Comment kaiserhoff
kaiserhoff's picture

Didn't they patent teenage gossip and narcissism?    Oh wait.

Fri, 08/17/2012 - 16:20 | Link to Comment Larry Dallas
Larry Dallas's picture

IMHO, Facebook won't go away until something displaces it that will cater to most government and private sector wage earners, stay-at-home moms, the unemployed and college students.

So until you see something that caters to this crowd, it will be a while.

Also, the narcissistic tendancy that FB has seemingly hardwired into almost all of its users heads will be hard to dismantle.

Fri, 08/17/2012 - 16:22 | Link to Comment Vincent Vega
Vincent Vega's picture

You mean something like email and/or a telephone?

Fri, 08/17/2012 - 17:42 | Link to Comment Larry Dallas
Larry Dallas's picture

Vincent:

The video game generation molded non-personal contact. So thats why its so hard for these folks to pick up a phone today.

Email is monitored, can't be talking about how wasted you got last night if your boss can access it.

Perhaps Texting will be around for a while.

Sal

Fri, 08/17/2012 - 16:23 | Link to Comment malikai
malikai's picture

Diaspora.

Fri, 08/17/2012 - 16:25 | Link to Comment Robot Traders Mom
Robot Traders Mom's picture

Dude killed himself right? Both sad and suspicious.

Fri, 08/17/2012 - 16:42 | Link to Comment malikai
malikai's picture

Yea it sounds fishy. But having been in the tech startup world some time ago I could also see the possibility of him offing himself. It's a hard life.

Fri, 08/17/2012 - 16:23 | Link to Comment kaiserhoff
kaiserhoff's picture

Easy for you to say, but what about ME, ME, ME....

Fri, 08/17/2012 - 17:30 | Link to Comment ali-ali-al-qomfri
ali-ali-al-qomfri's picture

tweetbook?

Fri, 08/17/2012 - 18:30 | Link to Comment Lost Wages
Lost Wages's picture

Facebook's secret is they are becoming a gambling site.

Fri, 08/17/2012 - 22:02 | Link to Comment mendigo
mendigo's picture

unfortunately probably not
they will glom with netflix or hulu or yahoo
and die a long and pointless death a la aol or MySpace

Fri, 08/17/2012 - 16:07 | Link to Comment Number 156
Number 156's picture

What's Facebook anyway? I never used it.

Fri, 08/17/2012 - 16:08 | Link to Comment Dead Canary
Dead Canary's picture

A fad.

Fri, 08/17/2012 - 16:42 | Link to Comment redd_green
redd_green's picture

A fad worth 25 cents a share.   In the long run, maybe 20.

Fri, 08/17/2012 - 16:09 | Link to Comment debtor of last ...
debtor of last resort's picture

Just another NSA database.

Fri, 08/17/2012 - 16:36 | Link to Comment HardAssets
HardAssets's picture

Yes the NSA/CIA put is in. 

 

Fri, 08/17/2012 - 16:10 | Link to Comment azzhatter
azzhatter's picture

The government will be in touch with you soon

Fri, 08/17/2012 - 16:10 | Link to Comment Count de Money
Count de Money's picture

It's MySpace four years ago.

Fri, 08/17/2012 - 16:16 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

It's a place where married men find their old college girlfriends and where married women bitch about their husbands being on Facebook late at night. Oh, it's also a free look in to our f'd up social structure in the US as people put out useless drivel about their daily mundane existence.

And I think they have ads or something......

Fri, 08/17/2012 - 16:42 | Link to Comment Agent P
Agent P's picture

just pee'd my pants a little

Fri, 08/17/2012 - 21:48 | Link to Comment potlatch
potlatch's picture

well, that's a sour take on what sounds to me like a swinger's club in the makin......

 

long terry cloth robes

Sat, 08/18/2012 - 15:39 | Link to Comment RafterManFMJ
RafterManFMJ's picture

LOL Just eating a veggie Subway hogie and reading Zerohedge. My dog is better thanks everbody for your prayers!! Monday's suck! But just 4 more days till the weekend LOLZ! Here's a link to a funny pet doing something funny!

Fri, 08/17/2012 - 16:09 | Link to Comment Count de Money
Count de Money's picture

Nov 14th, kiddies. Mark it on your calenders. A billion more FB shares go unrestricted.

Fri, 08/17/2012 - 18:20 | Link to Comment lineskis
lineskis's picture

Those december Puts look cheap...

Fri, 08/17/2012 - 18:26 | Link to Comment ZeroAvatar
ZeroAvatar's picture

Yaaaaaawwwwwwn,  wake me when it hits $1.90.  Meanwhile:  waiting for Godot.

Fri, 08/17/2012 - 16:10 | Link to Comment Frastric
Frastric's picture

At least Mark Zuckerberg will still be a millionaire...

I sense a book coming from him;

How I lost 19 billion dollars in six months

Fri, 08/17/2012 - 16:17 | Link to Comment NotApplicable
NotApplicable's picture

Didn't he get a billion cash on IPO day?

Fri, 08/17/2012 - 16:34 | Link to Comment john39
john39's picture

he is probably just a figurehead... a personality to sell this shit CIA/Mossad turd to the kiddies...   none of this shit is real.

Fri, 08/17/2012 - 16:22 | Link to Comment fireangelmaverick
fireangelmaverick's picture

Wasn't Jeremy Siegal writing one? Facebook for the reaaaaaaaaaaaaaaaalllllllllllllllllllllllllllllllllllllllllllllyyyyyyyyyyyyyyyyyyyyyyyyy long run?

Fri, 08/17/2012 - 16:32 | Link to Comment New_Meat
New_Meat's picture

Do you think that Jeremy will take the gas pipe on that LTBH theory?  Maybe at the end?  Or will he be right when NYSE goes all Zimb, all the time?

- Ned

Fri, 08/17/2012 - 18:30 | Link to Comment ZeroAvatar
ZeroAvatar's picture

"How to make a Million in the Stock Market".   (Start with $2,000,000.000 purchase of Faceplant).

Fri, 08/17/2012 - 16:13 | Link to Comment Renewable Life
Renewable Life's picture

Why are we even talking about these two POS stocks, they both might be "fun" places to work and get a salary from, and both have social value (I guess), but as public companies, they are POS and don't even need to be talked about, we have such bigger problems in the world, then what these two foolish companies are doing!!!!

Fri, 08/17/2012 - 16:18 | Link to Comment NotApplicable
NotApplicable's picture

All stocks are POS these days. These are just the last couple that still have some sizzle left.

Fri, 08/17/2012 - 16:13 | Link to Comment resurger
resurger's picture

Why did you marry a non-yid?

Fri, 08/17/2012 - 16:14 | Link to Comment Moe Howard
Moe Howard's picture

Soon Faceplant stock will show up at fatwallet! with 4% rebate.

Fri, 08/17/2012 - 16:17 | Link to Comment JohnKozac
JohnKozac's picture

Oi vey!

Sat, 08/18/2012 - 15:42 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Can anyone explain Zucker's marriage? Honestly? Was he high?

Fri, 08/17/2012 - 16:18 | Link to Comment monopoly
monopoly's picture

This IPO was insane. The amount of shares offered was insane. The companies that brought this to the public are frauds. So many good people have lost money on FB, because they trusted Wall Street. On and on it goes. Sickening.

Fri, 08/17/2012 - 16:21 | Link to Comment NotApplicable
NotApplicable's picture

Caveat Emptor, bitchez!

It takes a special kind of evil to use a facebook to "rip a client's face off."

Fri, 08/17/2012 - 16:22 | Link to Comment Count de Money
Count de Money's picture

I've been around long enough to never trust what Wall Street says. And I made good money off of that.

Fri, 08/17/2012 - 16:50 | Link to Comment HardAssets
HardAssets's picture

Is it possible that the  'many good people' are those clueless and greedy dopes who thought they'd make some quick, easy money ?

Fri, 08/17/2012 - 17:08 | Link to Comment disabledvet
disabledvet's picture

You mean the PHUCKING MSM. And they're STILL peddling it. Even this article doesn't say the term 50 PHUCKING BILLION. Somehow "your fired" doesn't have the right ring.

Fri, 08/17/2012 - 16:19 | Link to Comment Bartanist
Bartanist's picture

FaceBerg, FaceStein, whatever ... couldn't resist the slow pitch over the center of the plate.

Fri, 08/17/2012 - 16:19 | Link to Comment palmereldritch
palmereldritch's picture

Oh, I get it.  This is one of those face half-empty articles

Fri, 08/17/2012 - 16:21 | Link to Comment magpie
magpie's picture

Obama reelection secret #3

nationalize FB

Fri, 08/17/2012 - 16:42 | Link to Comment New_Meat
New_Meat's picture

Don't cha' know!

Fri, 08/17/2012 - 16:54 | Link to Comment magpie
magpie's picture

Won't tell you 1# and 2# don't want him reelected you know

Fri, 08/17/2012 - 17:06 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Yup, than and... Beer Stamps

Fri, 08/17/2012 - 16:22 | Link to Comment q99x2
q99x2's picture

Zuckerberg - biggest loser in the world. Ha Ha Ha Ha.

Fri, 08/17/2012 - 16:47 | Link to Comment New_Meat
New_Meat's picture

biggest loser?  He had $8BB reasons to disagree. - Ned

Fri, 08/17/2012 - 22:05 | Link to Comment mendigo
mendigo's picture

he had a good run should start thinking about what he will do next

Fri, 08/17/2012 - 16:29 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

I'd watch all the internet based corps right now.  The governments Utah Data Center is opening in September of 2013.  There they will be able to watch all communication on all platforms.  During 2013, I will buy a new devise for cash, not register it, not have any identifying info in it, and only use it to surf the net in a free wifi area.  Of course I won't be able to come back here and post but I'll be lurking.  They will also be able to capture cell calls, emails and texts.  So take care of what you write or say to anyone.  While the majority of us are good citizens, you never know what list we could end up on for speaking our mind.  It would be nice if everyone next September 1st were to collectively go to the local shore or river and throw our devises into the water.  That won't happen of course.  Get ready though.

Fri, 08/17/2012 - 16:45 | Link to Comment johnQpublic
johnQpublic's picture

sad but true

 

the only safe thing left to do on the old pc will be to surf porn...like a good american

Fri, 08/17/2012 - 20:53 | Link to Comment smiler03
smiler03's picture

Speak for yourself. We transvestite midget horsedick anal cum gobbling surfers think we might possibly get victimized.

Fri, 08/17/2012 - 16:58 | Link to Comment HardAssets
HardAssets's picture

Of course, youre assuming the 'news' stories youve read/heard are reporting the truth.

For all we know they already have the capability and have been fully using it under some secret 'authorization' already.

The problem IMO isn't hiding, its that too many people are afraid to come out into the open and let their disapproval be known.  What if a 100 Million Americans did so ?

Fri, 08/17/2012 - 17:12 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

My avatar is shinier than yours :-)  You may be right.  Especially sites like this full of people who see what they're up to.  Perhaps I should buy that devise this year.  I doubt that they'll produce a law requiring all devises be registered at sale before 2013.  Hell, let's see if that happens next year.  Then everyone will know what's happening.  Well, not the sheeple, but everyone here will.

Fri, 08/17/2012 - 18:23 | Link to Comment iDealMeat
iDealMeat's picture

They are so already there, and have been "listening" for 50+ years..  Doesn't matter what the technology is. Its always designed to allow for "reporting" or has a back door to get in..

See: Carnivore     or    SATAN

For just 2 basic, old technologies..

 

Fri, 08/17/2012 - 16:57 | Link to Comment Dr. Engali
Dr. Engali's picture

There seems to be an awful lot converging around September. I wonder what the powers that be have in mind? As if we didn't already know? I hope you have a bulletproof vest. At least it will stop hollowpoint.

Fri, 08/17/2012 - 17:05 | Link to Comment Getting Old Sucks
Getting Old Sucks's picture

Next year Doc, but ya never know.

Fri, 08/17/2012 - 16:29 | Link to Comment francis_sawyer
francis_sawyer's picture

OT:

Now besides DHS & NOAA (the Weathermen) needing hollow points, apparently now the Social Security Administrations need 'em badly too...

~~~

http://rt.com/usa/news/administration-rounds-hollow-point-768/

Fri, 08/17/2012 - 16:37 | Link to Comment ZippyBananaPants
ZippyBananaPants's picture

Any you homos touch me, I kill you!

Fri, 08/17/2012 - 17:00 | Link to Comment buzzsaw99
buzzsaw99's picture

Any you homos managing any of the funds I own buys FB and I'll...

Fri, 08/17/2012 - 16:32 | Link to Comment azzhatter
azzhatter's picture

Faceism

Fri, 08/17/2012 - 16:38 | Link to Comment hustler etiquette
hustler etiquette's picture

The twins Castor and Pollux. Castor is mortal. Pollux is immortal.  It seems the raven of death rests on the shoulders of both...  At days end, "I will engage in an involuntarily personal protein spill."  George Carlin 4eva

Fri, 08/17/2012 - 16:39 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Sale, bitchez...

Fri, 08/17/2012 - 16:41 | Link to Comment Agent P
Agent P's picture

Something tells me the Winklevoss twins are smiling today.

Fri, 08/17/2012 - 16:41 | Link to Comment HardAssets
HardAssets's picture

Where's that dope who was talking up FB here a couple weeks ago and how he was buying more of the stuff ?

We all take losses, that's part of the game. But he was such a jerk . . he definitely deserves this.

Fri, 08/17/2012 - 16:58 | Link to Comment Dollar Bill Hiccup
Dollar Bill Hiccup's picture

A stock on ... bath salts !

 

Fri, 08/17/2012 - 16:59 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

RED ALERT: GET OFF FACEBOOK IMMEDIATELY!

DTOM Contributor Brandon Raub Arrested By FBI For Facebook Posts
Fri, 08/17/2012 - 17:01 | Link to Comment DeadFred
DeadFred's picture

What's the deal? I'm all the way through the comments and no one has mentioned that the correct form in the archaic obligatory usage is "smote" not 'smite, smittened or smited'. Are all of ZH's grammerians on vacation?

Fri, 08/17/2012 - 17:05 | Link to Comment buzzsaw99
buzzsaw99's picture

who has that kind of time?

Fri, 08/17/2012 - 17:16 | Link to Comment Bam_Man
Bam_Man's picture

Fred does. And he even posted it twice.

Fri, 08/17/2012 - 18:40 | Link to Comment ZeroAvatar
ZeroAvatar's picture

When in the process of mythmaking, anything goes. 'Smoted' is OK w/me.

Fri, 08/17/2012 - 17:03 | Link to Comment DeadFred
DeadFred's picture

What's the deal? I'm all the way through the comments and no one has mentioned that the correct form in the archaic obligatory usage is "smote" not 'smite, smittened or smited'. Are all of ZH's grammarians on vacation?

Fri, 08/17/2012 - 17:14 | Link to Comment catch edge ghost
catch edge ghost's picture

A face in the hands is worth two in the - no, that's not right...

Based on the market cap and my extensive technical analysis I think their plan is to try to fool the algos into thinking it's Ford, B shares, or something.

Fri, 08/17/2012 - 17:19 | Link to Comment Downtoolong
Downtoolong's picture

I like to think of Facebook @ $19 as The Battle of Midway.  The real choice now for anyone who bought at the IPO price and held is:

 

Do I sell and still be able to say, “Well, at least I didn’t lose most of my money”, or

 

Hang on until you can say “Crap, I just lost all of my money”.

 

Of course, that assumes you didn’t leverage your original purchase to the max like many FB buyers.

 

On the other hand, if you don’t own FB shares yet (and that’s very unlikely if you really think about it), you could buy some now and then wait for it to trade at $9.51 before facing the fate of those in the paragraph above. Have at it.

 

I am sooo lovin’ right now those $20 put options I bought when the stock was trading at $26.

Fri, 08/17/2012 - 20:58 | Link to Comment smiler03
smiler03's picture

You underestimate the massive revenue that FB will reap from future Groupon adverts for Zynga game discounts for Netflix subscribers.

Fri, 08/17/2012 - 22:29 | Link to Comment andrewp111
andrewp111's picture

Maybe I'll wait till it hits $4 to buy. By fundamental analysis it should be worth about $10.

Fri, 08/17/2012 - 17:22 | Link to Comment bloostar
bloostar's picture

.

Fri, 08/17/2012 - 20:00 | Link to Comment Yen Cross
Yen Cross's picture

 Simon Hobbs is an interesting little Hominid.  I still can't figure out with any degree of certainty, which evolutionary branch he was spawned from. " but as CNBC's Simon Hobbs seems convinced...what about the short-interest?"

  He has his head so far up Europes ass,  that I wonder if the U.K. exiled him to the CNBS U.S. division.

Fri, 08/17/2012 - 17:24 | Link to Comment ArrestBobRubin
Fri, 08/17/2012 - 19:07 | Link to Comment iDealMeat
iDealMeat's picture

+1, thx.

Fri, 08/17/2012 - 17:41 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

"FB has hit a bottm" ...or is that "housing has hit bottom"...or Zynga....or Groupon.....

Sat, 08/18/2012 - 06:36 | Link to Comment falak pema
falak pema's picture

Talking about hitting a bottom, here is a girl who put the scandal button on her bottom hole and its the rage of the Internet :

Anal Tattoo Girl' Interview: Maria Louise Del Rosario On Dating, Jail, And Ink [NSFW]

I always knew that the only news worth reading is on the Net! Lol ! 

Two tattoo girl, what a tale to tell of a tail digger! 

Fri, 08/17/2012 - 17:49 | Link to Comment pragmatic hobo
pragmatic hobo's picture

at $19 FB is still valued at more than $40B.

Fri, 08/17/2012 - 21:01 | Link to Comment smiler03
smiler03's picture

BARGAIN! Must buy more Facebook, can't lose, must buy more Facebook, can't lose, must buy more Facebook..

Fri, 08/17/2012 - 17:56 | Link to Comment gunsmoke011
gunsmoke011's picture

Good Thing - According to CNBS - Soros and other Major Hedge Funds were adding to their positions in FB. I thought Maria was going to orgasm as she started naming names of all the people who were buying. The stench almost fogged my T.V. screen.

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