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FaceBerg Sinking At -40% Below IPO Level
Presented with little comment - except to not that everyone's favorite social media site that will 'figure out mobile' is now down 40% from its IPO price...
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Bring It Down!
Zuckered!!!!!!!!
In your FACEbook, bitchez!!!
That's gonna leave a mark.
Wall street apparently didn't "Like" FB earnings ...
FaceBLOOP
Just wait till the lock out period expires and insiders can sell. FB $2 here we come.
isn't the entire IPO insiders selling?
http://cdn.iwastesomuchtime.com/October-18-2011-20-12-49-DoubleFacePalm.jpg
Got that beat! :>D
c-c-c-COMBO BREAKER
SUPREME VICTORY
Zucker punch.
Anyone that is still holding FaceBoner has an I.Q. in the negative territory
Yes!! Smash them !!
Zuckerz!
Buy the dip. :)
You're confusing FB with GOLD
In a year or two..
screw facebook. Let's see the elephant hunters go after amazon and then it gets interesting.
AOL, MySpace, Facebook... what's the difference?
Different names for the same turd. No offendse to you, good sir, Turd Ferguson.
Difference is facebook is even more callous about abusing your privacy.
Difference is AOL and MySpace din't provide enough info to put everyone in the right FEMA camp.
So they had their In-Q-Tel vultures start a real data mining program.
Now they know what colour reflector to put at the end of your driveway.
No way to value that into the P/E.
For all the nom de-plumeds inspired over its ... public ... life, the one I alwayd thought most appropriate and good for a giggle every time is FacePlant.
WB7 can have a field day with that; a running series of faceplants.
Facebrrrrrrrrrrrrrr!
The chart shows a GREED spike when the IPO came out...
It shows pure, unadulterated GREED by these employees, the super heb himself and MS.....to name a few...
THEY THOUGHT IT WOULD BE LIKE AMAZON AND LEVITATE WITH NO REGARD TO ANY FUNDAMENTAL METRICS.....THAT IS RIGHT... JUST THE NAME WILL GIVE IT A 200 P/E...that shit just gets so funny....like the cartoons running off a cliff and staying there!!!
When you mix "greed" with a bit of temperance you get prudence, as in a prudent investment. Rather than berate an unstoppable emotion such as greed it would be better to council our neighbors in temperance so that we ALL might be more prudent.
* as for the nega-tick I certainly wasn't speaking of alcoholic temperance...
no, greed has no positive outcome. Loss avoidance and increasing efficiency are good but not greedy. Greed is always taking unsustainably, sometimes from others, sometime's from one's resources, sometimes from one's future resources but it always ends badly.
I love the fact that people have diarrhea of the Facebook and splooge all intimate details of their life affairs on FuckmyFacebook. That ought to be worth something?
FB mainly shows how sadly boring but vain most people are. Its the modern version of the neighbors who always wanted to show everyone else in the neighborhood the slides from their vacation. What's that worth?
So far it has been worth passing the bags of shit onto bag holders who were duped the MSM into thinking VanityBook was a good business opportunity. I would also imagine it was worth a nice fresh stinking pile of derivatives. All Hail the Banksters!
You have no idea! Part of my job is to track down deadbeats so our firm can go after assets. I get details, usually from people's wives or girlfriends, as to where they may be living and/or other assets all the time. Then they get served.
Idiots. Why anyone leaves that open is beyond me...
OT: According to Zillow, my house just lost $12k in the last 30 days.. thought housing bottomed and was going up from here?
I borrowed $269K from my piece of suburban utopia yuppie key-partyville back in 2007 (before I entered the world of ZH). There are 80 homes in me development of lab rats and three are currently on the market, empty, for $199K, $200K, and $202K. I would imagine, based on shadow inventory, foreclosures, and further deflation in the housing market, that they will be worth $110-120K when all is said and done. Then again, $110K might be the price for a bottle of KY jelly then. Lord knows the KY Jelly will have much more value, as my anus is goatsed to the max. Thanks Benrnake, Freddie Mac Kiss My ass.
On a side note, my three year old loves the song red solo cup and the line "Freddie Mac kiss my ass" is her favorite. I don't correct her and encourage her to sing that line to all she meets.
Dr., I never thought the plunge would affect the lower priced houses also but I am now seeing $155K houses dropping to $116k with almost no interest even at that level. Some two story houses are on the market for over 180 days for less then $42 per sq foot and zero takers...zippo...nada.
I took at look at some of Dr Bubbles places in Cali (Laguna this and San that) and they are now dropping as the infection spreads. As significant, OC Pension is in the hole $10 billion so more pain to come maybe:
The Orange County Employees Retirement System – which has assets valued at some $10 billion — also happens to be about $10 billion shy of what it needs to fulfill its pension promises to workers, according to a study of California’s largest independent pension systems by researchers at Stanford University. Put another way, OCERS is only 53.5 percent funded, they said. Stanford suggests that a healthy system must be at least 80 percent funded
http://taxdollars.ocregister.com/2012/03/09/stanford-o-c-retirement-syst...
Property taxes have to rise or pensions cut they say.
" California has nearly 10 times the number of underwater homes compared to homes listed on the MLS ".
http://www.doctorhousingbubble.com/expensive-homes-california-home-prices-up-low-interest-rates-2012/
The Fed and Freddie/Fannie can only delay the inevitable. The idea that a handfull of silver will be able to secure a dwelling in the future sure seems a distinct possbility. Debt repudiation will be required at some point where digital representations of assets and debts revert to the mean of their true value - Mother Fucking Zero!
It went down because they are through assesing your homes value for TAXES, get a clue, then get pissed and file suit. This has been going on for five years now, they don't even look at the physical property any longer, house could be made of cardboard and they use "comparative sales values". It would of course help if they actually compared it to something...
Does anyone remember the congressman on CNBC prior to the Facebook IPO compelling FB to be responsible and let charities get in on the action? In one of the rare moments I witnessed a CNBC anchor pose the only coherent question "but what if the stock price goes down?" the reply to which came as quick as a jack rabbit "but it won't come down, let's be real about this opportunity"
ha. ha fucker
Bob Pastrami Circa 2003 With Gold Trading Around $350: "Trust Me, Folks, Gold Is Going Nowhere!"
I'm quite sure we're heading for another monumental pan-global stock market crash, P/E has been completely ignored in so many cases that Facebook and Amazon are just the tip of the iceburg, I refuse to believe they can keep this bubble propped up long enough for genuine earnings/growth to step in and save the day.
@neptunium
It'll go down, for sure. But now we've got the end-of-month to deal with and don't forget the beginning of the month brings all sorts of 401(k) buyers into the market, so we've got to wait awhile longer.
Post-election, the markets will tumble.
more than ignored - the one fool who told me that FB was a good buy also told me that P/E analysis is garbage. FOREVER. On EVERYTHING not just FB.
FB IPO was suppossed to save 2012. I guess the market doesn't need any horsemen. It just chugs along, regardless of leadership. Rotation, rotation, rotation. Hot potato, hot potato, hot potato.
This is just a reminder that when your "product" really isn't a "product".... *BAWOOSH*
They're product is information, they just don't seem to grasp that.
The alphabet soup agencies certainly grasp that.
pods
But it's so much *more* than just a product.
Product is so 1980.
They'll be fine once they start selling all your information to Google, ALL of it...
Al CIAda owns FaceBook AND Google. Intracompany transfer.
I don’t care what happens to Facebook or Zinga stock prices at this point. Even if they go to $100 per share (which they won’t unless the Fed prints another $trillion dollars), I’m just glad I don’t have to ride through this sham of a roller coaster ride foisted on the investment community by Wall Street. I didn’t touch the Facebook IPO with a ten foot pole. I can’t believe so many highly paid professional investment managers did. Today, I’ve lengthened it to a fifty foot pole. Good luck to Facebook now if they ever want to raise any more equity capital.
Here’s a question that should be explored in great depth by the SEC. How much of the upward drift in Facebook share prices after the first post IPO collapse was due to trades between the major dealers and market makers who were still stuck with shares? In other words, how much of that price rise was due to a coordinated pump manipulation by insiders self-dealing among themselves? I suspect it was a lot, and it wouldn’t be all that difficult to prove by analyzing their trade records. Yea right, like that’s ever going to be allowed to happen.
It doesn't cost that much to run a website. They should have enough cash on hand to last 20 years. The IPO was just a straight-up heist--what's a website/data-warehousing company going to spend $100B on? Better infrastructure?
As many SANs and dedicated pipes as they can get. If the most recent users figure of 900,000,000 was anywhere near accurate, and they ONLY had 10MB of data on every user, then their data storage requirements for the database that stores user data only will be in excess of 9.5 petabytes (or 9,500 terabytes). Or, 9,000,000 gigabytes (seeing as though gigabytes is still the generally accepted storage denomination at the moment).
That doesn't take into account the fact that even if they only do the bare minimum of backups, and there's replication across tens of thousands of servers involved, that's a LOT of data storage requirements. I'd want at LEAST 100PB of storage for data storage and backup to disk.
Then there's dedicated servers to mine the data, the network infrastructure to do it. When you're running a global data mining operation, you need as much infrastructure as you can get.
So, $100B? Well, you wouldn't use all of it, but even using the money the company I work for has spent on two servers for virtualisation, you could blow through $10B easily if scaled up to Facebook size.
Whoa. You completely misunderstand their real purpose in raising money.
It has nothing to do with infrastructure. If FB could find a secure way to farm the whole operations side out, they'd do it in a HEARTBEAT.
They want to be a global brand being paid rent on intellectual property which is given to them for free.
It sounds like you know something about the technology, but not the business.
I think you're misunderstanding 2 factors.
#1 the pipes don't need to be big because the data will be small
#2 the storage doesn't need to be "as big" because it's being shared with someone else with a vested interest (cough NSA cough cough)
Nanex is quoting price disparity more than $10 apart from bid and ask and stoppage of NASDAQ quote-reporting during the FB IPO. That's a big deal.
But, but they have a new Jobs Board coming out soon....take that LinkedIn
Bravo Zukerberg! I love the way you fucked up the Wall Street vermin.
BTFD Bitchezz!!!!
Fuck You...for ripping me off fair and square.
Now the shareholders can get "sold-out" just like the users !
Couldn't happen to a nicer POS
Fair value: $12
Methinks fair value is 6
Me thinks $0.12
I'm thinking Sirius/XM price action myself. I'll go all in at $0.11
Exact same logic for both companies and Pandora and Netflix ............
"Oh wow, this is the neatest thing since sliced bread" ... followed shortly by,
"Oh wait, these guys dont actually make anything (namely money) and have never ending increasing cost overhead"
MS will defend vigorously @ $0.10
quasi-agreed at $10. That's including all inflationary & manipulation pressures across the market. Without that rigging I'd put it at 10c/share but that includes giant write-downs for EVERYTHING so I am withholding a quote across the board for big tickers until I feel I can write them all together with FB = 0.10/share
But look at AMZN - could there be any better demonstration of what this market has become?
guys, that was not an IPO, but an IQ test. if you bought into this, your IQ was lower than 38.
Holy shit, Facebook made a real live IQ test that keeps tracking.
I guess they're pretty smart after all.
I'd be interested to see how many members there are versus how much actual usage there is. All I know is anecdotally speaking the more they cram it with shit, the less people are using it.
The talking heads on teewee say Facefail has 500 MM daily users. I don't know if it is counting the mooks that sign on four times a day like my sis or if those are unique users. I suspect it is sign ons and not uniques. Numbers look better that way for the pump.
Facebook is being brought down so they can czar them just like GM and use it to control the masses just like the Beast wants
On it’s way to $4 to make into the 90% club.
Get ready for a wave of analysts and market reporters littering every financial section of every news website with articles revealing new insights as to why Facebook is such a great buy now. Please overlook the fact if you read them that most of those uh, independent writers are being compensated in one way or another by Facebook’s marketing department.
That’s you too Cramer.
Does anyone know where I can get some Tweeter stock before the IPO?
@Graphenestocks , http://twitter.com/graphenestocks ?
and dont forget. hedge fund hotel crapple not lightin it up either...
FaceDunk +1
Anyone who was not aware that this IPO was well over priced from the off deserves to be taken to the cleaners.
They offer a free social networking service... where is the YoY revenue growth.
HOLY ZUCK!
Fallbook hasn't hit bottom, not even close. Is this the employees and insiders selling?
In any case it's going to fair value, lower single digits.
come on ben. you can give me a 1380 print on the SPY..we know you can program the algos for that...come on bennie
FACEtiousBOOK
I posted on my FB page pre IPO that this was the most over priced IPO in history and to stay the hell away from it, two of my friends bought and one of them added to his position the day before earnings.
LMFAO
now that IS funny!
HELP! ... Verification Needed!
Someone just JUMPED from Faceberg and is in the water wearing FLOATIES. It looks like MillionDollarBonus.
Can anyone confirm this sighting?
If it is not him, I guess that he is happy with another buying opportunity to enhance the stories that he will tell his grandchildren.
MDB was fakin' it. What you're seeing in the water is RobotTrader giving a "Titanic goodbye" kiss to Max Fischer
fb might as well change the "share this" button to "short this".
FB is down only because drought is killing Farmville crops!
Today FB has decoupled from EURUSD. All my charts are shit.
chart FB stock price vs your Mafiawars take from all your casinos and divide by the adfeeds tagged by your friends and use that as f(x) input x such that f(x) = Goldman Sachs CEO bonus / x
There ya go.
you all have been Winklevossed !!!
Charles Biderman paging mr biderman..........
It's only algos trading FacePlant anyway. I'd be willing to bet that right about now if you ask around that you could not find one person who bought it at initial.
Actually someone was swearing up and down to me that FB is a good value over 26 and won't hit below it and was heading easily back to stay at 34. Seriously.
YES, HE'S SUPER-SERIAL.
I shorted that bitch.
Webvan, Pets.com, & AskJeeves stocks aren't doing well either.
If U sell your Facebook stock, U get paid in Flooz & AOL CDs.
The Webvan wiki is pretty damn funny when U read how much money they threw away.
Webvan:
https://en.wikipedia.org/wiki/Webvan
Flooz:
https://en.wikipedia.org/wiki/Flooz.com
this has become a FACEial.
Did I mention I hate Facebook to the core of my being and Hate J-boy smirking scammer Bedwetter even more?
LOL, check this out:
http://smallbusiness.yahoo.com/advisor/lack-financial-outlook-drives-down-facebook-shares-111401808--sector.html
Despite Facebook's slide from grace, many analysts still see the stock bouncing back.
so... BTF-FB-D
Hello, I'm Charles Biderman from Sauce-alee-toe buying more Facebook and re-writing the US Constitution. (You didn't want that 2nd ammendment anyway) Bend waaay over with me and get butt Zucked.
I throught the goal of the IPO was to let Zuker and his buddies dump shares at inflated prices during the peak of company's popularity. They managed to time it perfectly.
Does anyone know what site ZeroHedge gets its charts? Is there any good free chart websites? (other then stockcharts.com)
stockcharts.com
freestockcharts.com - has CSV download for excel
tdwaterhouse.ca - has decent hourly & minute charts with long time-frames looking back
finviz , e.g. Futures Performance
and for graphics I'm seeing the telltale signs of Snagit and I suspect GIMP with some arrow-scriptfu added in.
I'd recommend finding GIMP for Windows and it's always in Linux. This allows transparency layers of charts to re-size and overlay yourself though you can use ODF / OpenOffice and LibreOffice (windows, linux) to do this with less elegance in some features, more ease in others.
When I have more than 3 overlays typically I'm using GIMP to throw transparencies on top of each other with various layers for marking and/or text which are also partially transparent if needed. That's how I did the toiletbook chart - http://stks.co/b2uN
Layers are: text (black on transparent), Failbook icon (clipped layer at bottom), toilet GIF originally black on white, FB chart from stockcharts.com - edit = select all WHITE or "non-black" (invert selection) of toilet GIF layer then DELETE (now transparent) so it's below all layers EXCEPT It's above the FB chart layer (which is bottom-most)
And voila ... technical analysis magic. Older toiletbook chart was http://flic.kr/p/ci31Js so you can see that was a good call.
I think ZH posters / Tylers are using some more expensive non-free feeds and charting software.
NANEX also has non-free feeds but FREE opensource charting software / quote-listing software which naturally uses their tape format sensitive down to the millisecond. That's right, THE MILLISECOND.
ah, Failbook, thy toiletbowl overfloweth
https://stocktwits.com/message/8883542#8883542
2012 07 27 toiletbook failbook goldpricemodel http://flic.kr/p/cER87h