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The Facebook Backlash Begins

Tyler Durden's picture


While it may come as no surprise to market-watchers, the market for over-priced internet IPOs seems to have become a little soft. Bloomberg is reporting that Kayak, which first filed to go public in November 2010 and put its plans on hold earlier this year because of choppy market conditions, is delaying its IPO. The online-travel service roadshow was just postponed and guess who the lead bank on Kayak's IPO was - yep, Morgan Stanley.


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Wed, 05/30/2012 - 15:43 | 2477045 Conman
Conman's picture

Oooh where can i sign up to buy shares in a company that does absolutely nothing except something that i can do myself if i spent 1 more minute clicking.

Wed, 05/30/2012 - 15:44 | 2477048 AlaricBalth
AlaricBalth's picture

Morgan Stanley is going to be a bit busy defending Facebook litigation, they probably won't have time for IPO's for awhile.

Wed, 05/30/2012 - 15:47 | 2477074 EscapeKey
EscapeKey's picture

Yeah I bet they're shaking in their boots, thinking about the eventual harsh $10,000 settlement and no admittance of wrongdoing.

Wed, 05/30/2012 - 15:53 | 2477097 ZerOhead
ZerOhead's picture

Its no time to launch a Kayak on choppy waters with a Faceberg already out there...

Wed, 05/30/2012 - 16:13 | 2477163 Chief KnocAHoma
Chief KnocAHoma's picture

UPDATING MY STATUS TO>>>>>> Zuckerberg is an ass!

I hope that girl divorces his arogant smug, jewish face and leaves him pennyless looking for a reach around fist fuck from a Facebook whore.

Wed, 05/30/2012 - 16:21 | 2477195 walküre
walküre's picture

They were spotted in China (of all places). I know she's from there but still? Maybe they're adopting a couple babies. Can Jews and Chinese even have babies? Isn't there some potential genealogical problem? I know that Jews and Blacks are not recommended to procreate due to some gene defect.

Wed, 05/30/2012 - 16:26 | 2477222 junkyardjack
junkyardjack's picture

Cool story, Hitler

Wed, 05/30/2012 - 16:42 | 2477284 Mark Carney
Mark Carney's picture

Hate me now, yes I'm one thefacebook.  I do not care.  I frankly only use it now to play scrabble with my mother and sister who live on opposite sides of Canada, Im stuck in middle.


Its actually fun to play, keeps your mind going and you can keep in touch with family in an interactive way.  But just recently FagBook has added "adds" that play and interrupt your game...BUT you can pay FagBook money to have them removed, but only for a little while.


Im done.........

Wed, 05/30/2012 - 16:51 | 2477325 Matt
Matt's picture

wow. the power of the Internet, where a discussion of the falling price of Facebook shares rapidly degenerates into racism and homophobia.

Wed, 05/30/2012 - 17:00 | 2477349 EscapeKey
EscapeKey's picture

That's the spirit! Who said the internet was all crap?

Wed, 05/30/2012 - 19:34 | 2477714 The Alarmist
The Alarmist's picture

Pretty much most of us, but that does not detract from its entertainment value.

On another note, Kayak pulliing its IPO due to rough waters seems kind of counterintuitive.

Wed, 05/30/2012 - 16:30 | 2477234 ffart
ffart's picture

Can any of you bigots honestly say that if you were Mark Zuckerberg you wouldn't also marry a Chinese woman? I mean it seems like a no brainer for a dude like him.

Wed, 05/30/2012 - 16:54 | 2477336 Chief KnocAHoma
Chief KnocAHoma's picture

First I am not a bigot... I hate intollerant people... as well as Arabs, Jews, Whites, Blacks and some Red Heads.... but that is beside the point.

If I had Zeefags money I would marry a Chineese girl, but make here live in Norway. That way she would seem exotic around all that blonde pussy.

Then I would also marry an Irish gal, and make her live in the Congo. Same theory. I would visit them both often with my hareem of hookers.

Of course I would write my own personal profile and claim I was born in Kenya, the son of an engineer and a hump back whale.

But other than that I would try to just live a quiet life.

Wed, 05/30/2012 - 17:02 | 2477354 Sokhmate
Sokhmate's picture

I would, if only for the tightness.

Wed, 05/30/2012 - 19:01 | 2477649 CSA
CSA's picture

That's not tightness, the slit is on there sideways.

Wed, 05/30/2012 - 19:36 | 2477718 The Alarmist
The Alarmist's picture

Inquiring minds want to know, however, if Z-man met his babe on

Wed, 05/30/2012 - 15:45 | 2477061 Death and Gravity
Death and Gravity's picture

Good. Free us of the .com bubble 2.0. Any business with a website and a maybe-potentially-profitable operation doesn't need to friggin' IPO.

Wed, 05/30/2012 - 15:53 | 2477095 Aziz
Aziz's picture

Something quite stunning I've noticed is that in the new dotcom bubble, companies are valued not by P/E but by projected future P/E. This is fancyspeak for counting chickens before they hatch.

FB's P/E is still a laughably high 92, and all the MSM hacks saying FB is cheap at $25 are idiots.

Wed, 05/30/2012 - 16:16 | 2477178 Matt
Matt's picture

Booyah Cramer. It's Bill here from Florida. I want your opinion on ZNGA. its down under $6; I bought in at $13 after your March 21 show in which you said "The force is with Zynga.". it has EPS of -$1.23 and a P/E of -5. Should I sell or double down at $5?

Wed, 05/30/2012 - 19:48 | 2477735 Jay Gould Esq.
Jay Gould Esq.'s picture

As we used to opine in the Old Days of ZH...


Wed, 05/30/2012 - 20:17 | 2477789 azzhatter
azzhatter's picture

I'll get back to you a little later, I'm doing an analysis of my Bear Stearns play tonite,


Cheers, JC

Wed, 05/30/2012 - 16:49 | 2477323 blunderdog
blunderdog's picture

    ...projected future P/E. that better or worse than Dot.Com Bubble v1.0, where they were valued based on short-term revenue growth and headcount?

Wed, 05/30/2012 - 15:57 | 2477111 SheepDog-One
SheepDog-One's picture

Fukin no-doubt....I cant believe these apparent morons really thought now was the time to pull off another .com era style IPO mania? Retail is dead, in case you hadn't noticed you idiot Wall Street hockey helmeted derptards!

Wed, 05/30/2012 - 21:18 | 2477897 pods
pods's picture

We were talking about this a couple years ago when Circuit City went under and everyone was going gaga over Best Buy.

We asked what does Best Buy sell?

Same thing as Circuit City.


Wed, 05/30/2012 - 16:21 | 2477167 Paul Atreides
Paul Atreides's picture

The cozy up post reads "I'm on your side fellas!"

Wed, 05/30/2012 - 15:46 | 2477066 battle axe
battle axe's picture

And the lead guy at Morgan on this deal, still says he did nothing wrong, fucking weasel.

Wed, 05/30/2012 - 15:48 | 2477079 e1618978
e1618978's picture

What did he do wrong?  I thought it was just a Nasdaq screw up.

Wed, 05/30/2012 - 16:30 | 2477231 battle axe
battle axe's picture

He missed priced the shit out of it. Hence why it is trading where it is....

Wed, 05/30/2012 - 15:50 | 2477090 slaughterer
slaughterer's picture

Kayak got Zucked. 

Wed, 05/30/2012 - 15:43 | 2477046 fonzannoon
fonzannoon's picture

I hope Jon Stewart compiles all the clips of Bloomberg and CNBC pitching this stock to the public endlessly and then throws it in their face as they try to search for who is to blame for people buying into thatr shit sandwich.

Wed, 05/30/2012 - 15:57 | 2477114 Clueless Economist
Clueless Economist's picture

Stewart is a buddy of that punk Zuckerberg.  He takes it easy on those he likes or are friends.  Obama and Weiner come to mind.

Wed, 05/30/2012 - 16:12 | 2477160 Zero Govt
Zero Govt's picture

yes Stweart licks arse, anything left of Karl Marx gets the soft touch from the rent a big leftie gob celeb

Wed, 05/30/2012 - 17:16 | 2477393 EscapeKey
EscapeKey's picture

Don't take life too seriously. Stewart has his funny moments, but just make sure you enjoy it as comedy and not factual or news.

Wed, 05/30/2012 - 17:55 | 2477491 Iwanttoknow
Iwanttoknow's picture

Stewart's brother is a big honcho at NYSE.

Wed, 05/30/2012 - 15:44 | 2477049 Hippocratic Oaf
Hippocratic Oaf's picture

Retail Hell

Mom and Pops scared away.......go figure

Wed, 05/30/2012 - 15:46 | 2477068 GolfHatesMe
GolfHatesMe's picture

Waddel and Reed already scared Mom and Pop away in 2010.

Wed, 05/30/2012 - 15:51 | 2477093 Hippocratic Oaf
Hippocratic Oaf's picture

While true, some felt this was the time to come back in, only for a 'taste'.......and an anvil got dropped on their dick

Wed, 05/30/2012 - 16:05 | 2477133 SheepDog-One
SheepDog-One's picture

Mom and Pops are home cuttin up a hot dog in some Ramen Noodles for dinner.

Wed, 05/30/2012 - 20:53 | 2477859 mendigo
mendigo's picture

I question if retail really took this bullet.
I suspect the pros got there first and were planning to flip it to the dumb money after it rocketed to 90. but a very funny thing happened. Of course they mostly playing with grandmas life savings so jokes still on dumb grandma.

Wed, 05/30/2012 - 15:46 | 2477053 El Oregonian
El Oregonian's picture

Kayak, I guess they were up shit creek without a paddle...

Wed, 05/30/2012 - 16:19 | 2477189 ArrestBobRubin
ArrestBobRubin's picture

Sorry to step on your line in my own comment below El OR. I hadn't seen yours.

Wed, 05/30/2012 - 16:19 | 2477069 Monkeyfister
Monkeyfister's picture


FB now at $28! Sucks to be a Shareholder!

Normally, we'd say, "Buy the F'n Dip!!"

But in this case, the best advice is: "Never Catch A Falling Knife!"

Wed, 05/30/2012 - 15:47 | 2477070 williambanzai7
williambanzai7's picture

Oh yes, social travel services. We need that desperately.

We certainly don't seem to need Moron Stanley desperately.

Wed, 05/30/2012 - 15:50 | 2477088 Ineverslice
Ineverslice's picture

Faceberg dead ahead!

Wed, 05/30/2012 - 16:24 | 2477213 walküre
walküre's picture

Tripadvisor would be the site to go public in that corner. They're actually useful and the ads to hotels make sense!


Wed, 05/30/2012 - 15:47 | 2477072 BlueStreet
BlueStreet's picture

The kayak has sprung a leak.  

Wed, 05/30/2012 - 15:47 | 2477077 TrainWreck1
TrainWreck1's picture

Facelash, Backbook, Flashbackbook, Flashdancebook, no, must be something better...

* pauses *

Eurethra! (um, ureka, no wait)


Fecebook is a sociel networking serfice-a und website-a loooonched in Febrooery 2004, oooned und oopereted by Fecebook, Inc. Bork Bork Bork!


Is ooff Mey 2012, Fecebook hes oofer 900 million ictife-a users, more-a thoon helff ooff zeem using mobile-a defices.


Users moost register beffore-a using zee-a site-a, iffter which zeey mey creete-a a personel proffile-a, idd oozeer users is friends, und ixchoonge-a messeges, inclooding uootometic notifficeshoons whee-a zeey updete-a zeeoor proffile-a. Iddishoonelly, users mey join common-interest user grooops, oorgoonized by workplece-a, school oor college-a, oor oozeer cherecteristics, und cetegorize-a zeeoor friends into lists sooch is "People-a From Work" oor "Close-a Friends". Zee-a neme-a ooff zee-a serfice-a stems from zee-a colloqooiel neme-a for zee-a book gifee-a to stoodents it zee-a stert ooff zee-a icedemic yeer by some-a unifersity idministreshoons in zee-a United Stetes to help stoodents get to know iech oozeer. Fecebook illows uny users who declere-a zeemselfes to be-a it leest 13 yeers oold to become-a registered users ooff zee-a site-a.


Fecebook wes fooonded by Merk Zoockerberg wit his college-a roommetes und fellow stoodents Idooerdo Seferin, Doostin Moskofitz und Chris Hooghes.


Zee-a website-a's membership wes initielly limited by zee-a fooonders to Herferd stoodents, boot wes ixpoonded to oozeer colleges in zee-a Boston irea, zee-a Ify Leegooe-a, und Stoonfford Unifersity. It gredooelly idded soopport for stoodents it feriooos oozeer unifersities beffore-a oopening to high school stoodents, und ifentooelly to unyone-a iged 13 und oofer. Howefer, iccording to a Mey 2011 Consoomer Reports soorfey, zeere-a ire-a 7.5 million childree-a under 13 wit iccooonts und 5 million under 10, fioleting zee-a site-a's terms ooff serfice-a.


A Joonooery 2009 stoody roonked Fecebook is zee-a most used sociel networking serfice-a by worldwide-a monthly ictife-a users.[8] Interteinment Weekly inclooded zee-a site-a oon its ind-ooff-zee-a-decede-a "best-ooff" list, seying, "How oon iert did we-a stelk oooor ixes, remember oooor co-workers' boorthdeys, boog oooor friends, und pley a rooosing geme-a ooff Screboolooos beffore-a Fecebook?"


Qoooontcest istimetes Fecebook hes 138.9 million monthly uniqooe-a U.S. fisitors in Mey 2011.[10] Iccording to Sociel Media Todey, in Ipril 2010 un istimeted 41.6% ooff zee-a U.S. popooleshoon hed a Fecebook iccooont.


Neferzeeless, Fecebook's merket growt sterted to stell in some-a regions, wit zee-a site-a losing 7 million ictife-a users in zee-a United Stetes und Cooneda in Mey 2011.


Fecebook is now getting into herdwere-a boosiness und is hoping to booild its ooon smertphone-a by 2013.


Wed, 05/30/2012 - 15:56 | 2477107 BeetleBailey
BeetleBailey's picture's


It has no face. No emotion.

All wires and nonsense...and it keeps....coming....eating dollars as it goes on...tirelessly....down....down...down.....and down...

Wed, 05/30/2012 - 16:41 | 2477282 ffart
ffart's picture


Wed, 05/30/2012 - 17:37 | 2477445 Overflow-admin
Overflow-admin's picture


Wed, 05/30/2012 - 19:25 | 2477699 Lord Blankcheck
Lord Blankcheck's picture


May the farce be with you

Thu, 05/31/2012 - 01:25 | 2478446 StychoKiller
StychoKiller's picture

There's a website that can translate English into "Swedish Chef":

Among others! :>D

Wed, 05/30/2012 - 15:54 | 2477086 tony wilson
tony wilson's picture

cia face

morgan stanley happy face

oirish jew hewson face

big pharma lovin african kill vaccine face

smirking insider face

sell take the money and run  elevation face

billion dollar happy mcfuck face.

u2 bald headed sunken eyed boner face.

 his sunglasses on hiding a very tired leather fagin face.

nice rocknrolla  book work.

face book skull fucking face fuck.

Wed, 05/30/2012 - 15:52 | 2477094 SheepDog-One
SheepDog-One's picture

Retail sucker is dead/broke. 

Wed, 05/30/2012 - 15:57 | 2477106 ebworthen
ebworthen's picture

Some Margin Stunley insiders probably already leaked IPO price drop predictions to the big players.

Therefore, they have to wait a couple of months to make sure all the emails are deleted and inform the SEC and CFTC about who NOT to talk to.

Wed, 05/30/2012 - 15:56 | 2477109 icanhasbailout
icanhasbailout's picture

How long you think he will stay married when she finds out about his premature IPO valuation problem?

Wed, 05/30/2012 - 16:08 | 2477115 ebworthen
ebworthen's picture

Dunno, a couple hundred million would buy a lot of pool boys or sex toys.

Wed, 05/30/2012 - 15:57 | 2477110 ThisIsBob
ThisIsBob's picture

What did MS do wrong?

Wed, 05/30/2012 - 16:26 | 2477220 Matt
Matt's picture

Morgan Stanley were the (principal?) underwriters for the Facebook IPO. Besides a 100x P/E pricing, they (allegedly) also recieved analysis of lower earning expectations, which they (allegedly) shared with institutional investors but not the general public. 

Wed, 05/30/2012 - 16:44 | 2477294 12ToothAssassin
12ToothAssassin's picture

OK, but I still dont understand the problem here. Look away, nothing to see.

Wed, 05/30/2012 - 16:03 | 2477130 Joshua_D
Joshua_D's picture

No IPO for you! NEXT!

Wed, 05/30/2012 - 16:04 | 2477131 azzhatter
azzhatter's picture

CNBC trying to revive ratings, Mandy is showing a smidgeon of cleavage today, Maria pumped her lips up again over the long weekend and Cramer is still full of shit

Wed, 05/30/2012 - 17:08 | 2477367 slaughterer
slaughterer's picture

Did you notice the passionate outrage in Cramer's FB IPO video?  What a load of ham acting.  Someone please send Cramer on a lifelong vacation to some small island. 

Thu, 05/31/2012 - 01:27 | 2478448 StychoKiller
StychoKiller's picture

Alcatraz or Devil's Island?

Wed, 05/30/2012 - 16:08 | 2477147 pissing_excellence
pissing_excellence's picture

No flare guns in fat couples futures it seems...........breaks my heart.

Wed, 05/30/2012 - 16:10 | 2477153 SheepDog-One
SheepDog-One's picture

LOL, I love that commercial because it so assumes people are complete 'tards. 

Wed, 05/30/2012 - 16:10 | 2477151 Dingleberry
Dingleberry's picture

Funny how there was absolutely NO shortage of bloggers that thrashed this IPO before it came out, esp. at its P/E ratio, and the MSM acts like it was only a prescient few that saw this train wreck coming.  Kids use facebook.....and they are BROKE DICK. No spending=no advertising=no earnings.

 What else is there to know?

Wed, 05/30/2012 - 17:17 | 2477398 Xel3
Xel3's picture

Pay attention to your demographics. After the Boomers, the "kids" are the next big generation. While they are cash strapped, they will grow up, marry, have babies, and run up credit cards more than likely.

So, when your primary consumer is computer-oriented, addicted to the internet (literally, look it up), and checks their facef%^k 10 times a day, well... I see gold in them hills.

That being said, even gold has a price and I'm not sure that mountain will have as much gold as the survey estimated... wait for further analysis before placing an offer on the table! Might just be the next MySpace (who?).. lol ^_^


Wed, 05/30/2012 - 16:11 | 2477156 markar
markar's picture

MS is going to be the next big casualty here. Another Lehman moment in the making. They have no deposits and no reason to exist anymore.

Wed, 05/30/2012 - 16:18 | 2477184 junkyardjack
junkyardjack's picture

The only Morgan that will be left will be Tracey...

Wed, 05/30/2012 - 16:44 | 2477293 AlaricBalth
Wed, 05/30/2012 - 17:33 | 2477421 AlaricBalth
AlaricBalth's picture

Okay. Junked on that one. I must be getting old.
How about Chloe Beth Morgan, 2011 Miss Universe contestant.

Wed, 05/30/2012 - 17:54 | 2477492 dogbreath
dogbreath's picture

Nah,   lets see what ms. cloe looks like in 20to 30 years and see if she has aged as well.

Wed, 05/30/2012 - 16:12 | 2477161 the not so migh...
the not so mighty maximiza's picture

They should spank Becky Quick for that constant pumping weeks before


Wed, 05/30/2012 - 16:59 | 2477347 mayhem_korner
mayhem_korner's picture



"Spank Becky Quick" is going to resonate into REM...

Wed, 05/30/2012 - 20:22 | 2477803 azzhatter
azzhatter's picture

Somewhere in that uptight little bitch is a nasty whore begging to let it all hang out

Wed, 05/30/2012 - 16:13 | 2477165 RobotTrader
RobotTrader's picture

Hilarious how IPO's are being pulled now due to the "Black Swan" and "Endgame" which is being hastened by the fantastic runaway rally in the U.S. Dollar, Treasuries, and Muni-Bonds.

Perhaps Kayak should dump its "travel site" moniker and start hawking and brokering "Fixed Income" investments instead...


Wed, 05/30/2012 - 16:20 | 2477194 Chump
Chump's picture

So what heinous things did you have to do this time to pay for another month of internet service?

Or have you just been busy top ticking stocks from two weeks ago?

You've been missed...:)

Wed, 05/30/2012 - 16:20 | 2477196 SheepDog-One
SheepDog-One's picture

No, more like IPO's are being pulled now because hockey-helmeted Wall St WAY miscalculated and bought their own hype that 'We're feeling BETTER! We're doing OK we're RECOVERING!'' Nah, in reality people are doing shitty and are in no mood for another Dot.Com mania bunch of BS. They WAY miscalulated all this and are up Shit Creek without a Kayak paddle.

Wed, 05/30/2012 - 16:22 | 2477207 Hippocratic Oaf
Hippocratic Oaf's picture

Long FB robot?

Wed, 05/30/2012 - 16:36 | 2477259 adr
adr's picture

HEY THE PUNCHING BAG IS BACK!!! where did you go Robo?

Wed, 05/30/2012 - 16:14 | 2477170 ArrestBobRubin
ArrestBobRubin's picture

Looks like Kayak's up the river without a paddle. F*ck Kayak. F*ck Morgan Stanley. F*ck 'em all.

Wed, 05/30/2012 - 16:15 | 2477175 nomorebuyins
nomorebuyins's picture

Now that FB is down, we don't have to hear about trivial news on the health of our economy, or bank runs. Hold this bag for us Zuck.

Wed, 05/30/2012 - 16:19 | 2477187 midgetrannyporn
midgetrannyporn's picture

This .com bubble is bigger than the last one.

Wed, 05/30/2012 - 16:23 | 2477210 SheepDog-One
SheepDog-One's picture

Yes they pumped for a couple years, now unfortunately cant pass off the pump to anyone Dot.Com mania style. When these retards realize this, its going to get REAL ugly.

Wed, 05/30/2012 - 16:21 | 2477197 Shizzmoney
Shizzmoney's picture

It's kind of a shame, because Kayak, unlike Facebook, actually contributes something to the economy.

Wed, 05/30/2012 - 16:34 | 2477252 adr
adr's picture

no it doesn't.

Really, it doesn't.

You do know that every single airline will match any price you see on a travel site if you call them. Many airlines are no longer granting perks like miles and other things like complimetary upgrades if you purchase tickets from an outside site.

Buying directly from the airline also allows you to cance and change tickets far easier.

The stock valuation of Pricline is the greatest travesty ever to be thrust on man.

Wed, 05/30/2012 - 16:49 | 2477318 marriedgeordie
marriedgeordie's picture

I actually would buy Kayak over Facebook. At least Kayak saves me money by doing the sort of price comparison I would need half an hour for when using other online agents at a click of the mouse. It even tells me if Ryanair flies from a nearby airport and how much it will charge. Overall, with four people in the household, I think Kayak can help us make an extra trip a year

Wed, 05/30/2012 - 19:22 | 2477696 Shizzmoney
Shizzmoney's picture

So the scenario you suggested, created competition?

You made my point, sir.

Wed, 05/30/2012 - 16:27 | 2477224 walküre
walküre's picture

OPESF was touted to being purchased by FB yesterday. Stock was ramped up and today some suckers caught the knife. No volume to speak of but still, the story was good for them for a day.

FB will announce soon that they're buying oil and gas fields in Africa before they reverse merge with an African gold miner and getting a new symbol.

Mark my words.

Wed, 05/30/2012 - 17:28 | 2477424 Xel3
Xel3's picture

Doubt it. Facebook's greatest asset is information and we all know Uncle Sam has a penchant for the stuff!

Zuckerberg strikes me as a Bilderberger wannabe, if he's not already being groomed for it. Look for legislative policy changes that eliminate more of your privacy rights and I'll bet you'll find a correlation with Facebook profits if not share price.

As far as African mining, what would Suckerberg (intentional) do without other's ideas? The kid has built his billionaire empire stealing ideas and dodging contractual obligations.

Now that I say it, maybe he's got what it takes. I hear African governments are pretty damn corrupt. ^_^

Wed, 05/30/2012 - 16:30 | 2477230 adr
adr's picture

But what is going to happen to poor,, and all the other worthless shit companies that have nothing more than a shitty website and an app that saves peple about 5 seconds of precious time?

They are all supposed to grant their 20 year old founders billions of dollars for doing 15 minutes of work. You can't expect anyone from an Ivy League college to actually go out and start a real business, gasp make actual profit.

How is Fuckerberg going to make all those extra 3500 employees he needs to hire to fill the new headquarter expansion millionaires to bail out the California budget if FB stock is worthless? GOD THINK OF THE STARVING GHETTO CHILDREN IF WELFARE IS CUT!!!


I don't think 99.9% of Fuckerberg's employees do anything that can be considered work on any given day. They are essentialy given a paycheck to waste space and they don't know any better. They have been conditioned to believe by their worthless college education that sitting in a room discussing things for 40 hours a week is a real job worth 100 times more than true productive labor.

I was at Amazon headquarters visiting my friend one time. I saw hundreds of people claming to work but I couldn't figure out what they actually did. I asked my friend what he actually did for his $100k a year salary. Since we were friends he said, "I do jack shit. Some guy told our corporate heads that they needed UX designers. I do about ten ninutes of work to make a report on how our website can be improved and they read it and say good job. I get a check for $8,000 a month. Sweet huh." I politely say Fuck You and he laughs.

Wed, 05/30/2012 - 17:42 | 2477452 veyron
veyron's picture

"You can't expect anyone from an Ivy League college to actually go out and start a real business, gasp make actual profit."


As an Ivy League graduate I take offense to this. 

Wed, 05/30/2012 - 16:32 | 2477242 Texas Ginslinger
Texas Ginslinger's picture

Cramer said to buy Facebook.

Anyone know what Leonard the wonder monkey recommended..??

Wed, 05/30/2012 - 16:47 | 2477305 adr
adr's picture

In Cramer voice:

"Facebook may be down but it's not out. A company with nearly a billion users to draw revenue from has endless upside potential. If Google can build a phone, Mark Zuckerberg can. Flush wth cash post IPO just a few strategic buys are all Facebook needs to get back in this ballgame. It's just the bottom of the first inning and Zuckerberg hasn't even been up to bat. This clutch hitter is itching to send the ball outta the park. We've seen this before but look at other IPOs that floundered, yet have now made their shareholders rich. You don't buy a stock like Facebook to make a quick buck. You buy it to hold for the long haul. A few years from now when Facebook has grown its revenue stream and far surpassed the IPO earnings expectations, people who said not to buy the stock at $25 will look like fools. Investing isn't for the faint hearted. If it were easy you wouldn't need me and everyone would be rich. So I like Facebook and so should you."


Hahhahahahah, Cramer. sigh

Wed, 05/30/2012 - 16:59 | 2477345 palmereldritch
palmereldritch's picture

+ 1

"A company with nearly a billion users to draw revenue from has endless upside potential."

Facebook: The 'soylent green' of Internet ponzi finance.

Wed, 05/30/2012 - 17:08 | 2477366 blunderdog
blunderdog's picture

If they do design a phone (PhaceFone?), maybe they could have some kind of fancy technical app-feature that would make it possible to establish voice communications with another Facebook user.

Um yeah.  HYOOOGE.

Wed, 05/30/2012 - 22:35 | 2478125 Yohimbo
Yohimbo's picture

i am in shock and awe of the stupidity abyss of the 'merican publik.

The era of zombies...

I formally dub this time "the era of zombies" 1991 - XXXX

it all started with the bush sr. "new world order speech"

the NWO is Ultrarich > sheeple > zombies  (other groups are SOL and caught somewhere in the mix getting raped by rich old guys OR faces eaten by zombies as the sheeple baah in their cubicles.

Wed, 05/30/2012 - 16:42 | 2477283 LoneStarHog
LoneStarHog's picture

Whew!  It is a good thing that this IPO was delayed since MillionDollarBonus has not finished Dollar Cost Averaging FB to zero.  This will give him hope for the future.  Another great opportunity awaits.

Wed, 05/30/2012 - 16:42 | 2477286 marriedgeordie
marriedgeordie's picture

At 100 to 1 PE, I keep wondering whether this was an IPO or an IQ test. If this were latter, I tend to think I passed.

Wed, 05/30/2012 - 16:49 | 2477321 adr
adr's picture

If you adjust the IQ results of today to the standards of the test 50 years ago you find the average IQ of a person today would have been considered retarded 50 years ago.

Wed, 05/30/2012 - 16:56 | 2477341 marriedgeordie
marriedgeordie's picture

Granted, I do not deny that the threshold for passing this test could have been set rather low - say, at 38

Wed, 05/30/2012 - 22:25 | 2478097 Yohimbo
Yohimbo's picture

the internet ruined our lives

Thu, 05/31/2012 - 00:19 | 2478359 Crabshacker
Crabshacker's picture

Newbie...going to take from here more than I give,But let me be clear....F@*k them Bitch'eze!!! Hope I did that right. Oh.. If I could contribute a little...

Thu, 05/31/2012 - 00:40 | 2478391 Walt D.
Walt D.'s picture

After today's closing price, if I am not mistaken, anybody who bought FB on margin, will be receiving a margin call. 

Thu, 05/31/2012 - 10:45 | 2479471 dizzyfingers
dizzyfingers's picture

Quoting Ann Barnhardt: "...the adolescent narcissism and self-absorption of Facebook. Dude, that's our culture in a nutshell: a society of people stunted into a perpetual adolescence, with its attendant ignorance, sense of entitlement, sense of invincibility and lack of fully-realized masculinity - manifested in cowardice. Facebook is a self-feeding derivative of that childishness. "


Thu, 05/31/2012 - 17:33 | 2481292 MeelionDollerBogus
MeelionDollerBogus's picture


can we please get an ETF, TICKER MDB, so we can instantly be 10x long everything MDB says he's long?

And make sure there's an options chain for it?

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