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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Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

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

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.

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??? 

jcia's picture

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

jcia's picture

Where is the PPT? Coffee break?

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.

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.

Atomizer's picture



NSA - National Security Agency


I rest my case.


[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!

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.







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?

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.

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.

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.

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."


Robot Traders Mom's picture

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

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!

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.

malikai's picture

Fundamentals most certainly do matter.

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

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.

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.

Vincent Vega's picture

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

Likstane's picture

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

Robot Traders Mom's picture



At least you can eat your Facebook shares :)

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.

malikai's picture

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


Just you and me, bro.

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.

fuu's picture

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

Frozen IcQb's picture


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

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!



Frozen IcQb's picture

LOL ...my stomach hurts.

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

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.

SanOvaBeach's picture

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

Ewe235's picture

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

James_Cole's picture

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

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.

resurger's picture

At 60% sell off you will have a

Facebook overdraft

vast-dom's picture

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


here's a funny one: 



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



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!


redd_green's picture

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