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Facebook European Premarket Bid - €58

Tyler Durden's picture


If this screen from Bloomberg is correct, people are far dumber than even we thought, because this implies that FB will have an over $200 billion market cap at the open all else equal.


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Fri, 05/18/2012 - 09:30 | 2439271 Dr. Engali
Dr. Engali's picture

Wow ! What a bunch of retards. They deserve what is coming if they are that stupid. I hope Bats enacts some revenge.

Fri, 05/18/2012 - 09:33 | 2439296 MillionDollarBonus_
MillionDollarBonus_'s picture

I predicted this from the start. FB is the AAPL, and any price below $100 is CHEAP. You may laugh at me now, but I'll be laughing when it's trading at $200 and you doomers are chasing the market.

Fri, 05/18/2012 - 09:35 | 2439306 ihedgemyhedges
ihedgemyhedges's picture

TD, how could YOU think anyone out there is actually dumber than you thought???????  That's the most surprising part of this post...........

Fri, 05/18/2012 - 09:39 | 2439326 Manthong
Manthong's picture

As Facebook goes, so goes the market.

Fri, 05/18/2012 - 09:42 | 2439347 Doubleguns
Doubleguns's picture

Folks in greece trying to get thier money into something of value? LOL

Fri, 05/18/2012 - 09:47 | 2439376 malikai
malikai's picture

Those lot sizes are quite small looking. I'd write that off as HFTs trying the premarket pump.

Fri, 05/18/2012 - 09:48 | 2439383 brooklynlou
brooklynlou's picture

Yep. I think the bid prices says more about the value of the Euro than about the value of Facebook.

Fri, 05/18/2012 - 10:03 | 2439438 Short Memories
Short Memories's picture

Flash crash! PLEASE!



<Edit: close (in reverse) but no cigar!>

Fri, 05/18/2012 - 09:43 | 2439349 Aziz
Aziz's picture

One resource humanity will never deplete is suckers....

Fri, 05/18/2012 - 09:45 | 2439362 monkeyboy
monkeyboy's picture

I wonder if this FB listing is a classic case of calling a top/peak in the market? It seems to have that South-Sea Bubble vibe to it all.

Fri, 05/18/2012 - 09:51 | 2439397 scatterbrains
scatterbrains's picture

yea America is going to save face with facebook and save the markets while everyone is dumping R2K in order to ride the rocket. In the shadows JEF is at 12 handle and heading south fast.

Fri, 05/18/2012 - 10:06 | 2439532 AlaricBalth
AlaricBalth's picture

Get your Tulips now before the price goes to the moon. Just go to:

Fri, 05/18/2012 - 09:48 | 2439374 MillionDollarBonus_
MillionDollarBonus_'s picture

Here are the reasons why Facebook is a clear BUY at these levels:

1. Facebook is a world renouned brand among the ranks of Google, Amazon, Ebay and Microsoft

2. As of 2012, Facebook has over 901 million (yes, that's million) users, and this is expected to increase significantly in the years to come

3. Facebook has plans to expand it's targeted advertizing capabilities with advanced data mining techniques that top analysts expect to boost revenue dramatically

4. Facebook is attracting some of the brightest techincal and business minds who are expected to drive the company forward

Fri, 05/18/2012 - 09:53 | 2439422 malikai
malikai's picture

4/10. What's wrong? You're on a sort of dry spell lately.

We're going to have to look for a new one if you don't turn this losing streak around soon.

Fri, 05/18/2012 - 09:56 | 2439442 Harlequin001
Harlequin001's picture

Of course the real reason it will go to around $15 trillion is that Ben will be printing soon, and then we, just like Zim can get into the habit of knocking 12 zeros at a time of our currency notes.

It's going higher than you think MDB, one can only hope that in time when it does, it will be high enough to buy a pint of milk...

Fri, 05/18/2012 - 10:12 | 2439567 AlaricBalth
AlaricBalth's picture

Of course the Zimbabwe Stock Exchange was the best performing in the world in 2007, up 12,000% over the 12 month period.

Fri, 05/18/2012 - 10:20 | 2439614 Harlequin001
Harlequin001's picture

I wish I'd bought some of that...

Fri, 05/18/2012 - 10:50 | 2439755 Ruffcut
Ruffcut's picture

Wish in one hand and shit in the other.

Fri, 05/18/2012 - 09:58 | 2439462 GCT
GCT's picture

You know MDB I missed you.  It is always good to get a laugh on dreary days.  A good friend of mine who now helps to manage my portfolio had some sound advice for me two days ago.  We were discussing this stock and he chuckled and said wait and buy it for half of what they offered it today.  So far his adivce is sound on most offerings I have looked into.  If I want a schill to get me to invest what little I do have I would go watch CNBC pumping it today.

I chose to buy gold two days ago and I am already ahead! 

Fri, 05/18/2012 - 09:58 | 2439478 ebworthen
ebworthen's picture,,,, WorldCom,

Fri, 05/18/2012 - 10:16 | 2439592 LongSoupLine
LongSoupLine's picture

Here is the reason why Facebook is a clear SELL at these levels:


1) MDB says it's a buy.

Fri, 05/18/2012 - 09:41 | 2439338 Everybodys All ...
Everybodys All American's picture

How many ad companies does the world need? Answer: Not many when the world is going into a deep recession. This is the dot com frenzy all over again.

Fri, 05/18/2012 - 09:42 | 2439348 shutupnsing
shutupnsing's picture

Trying to follow your logic MDB...Are you saying there is "integrity" and "rule of law" in the markets, or are you saying integrity and rule of law are irrelevant?

Fri, 05/18/2012 - 09:46 | 2439371 BeetleBailey
BeetleBailey's picture

You are a moron. Facebook to Apple is comparing......apples to crummy information, douche pictures, and nose picking time.

Apple has products. Facebook has Farmville and a "like" button. are demented.

Of course, with 2.2 billion shares, in your "million dollar world", FB will be valued more than say......Microsoft, with your asinine 200 dollar Nostradumb prediction. It may hit it, but watch the shorts come out like Lee Harvey post cup of morning coffee.

First earnings call should be a doozy.

What's your tack? Timmah and Ben Berfartke and the ol' pump and dump dollars?

Hell Two Buck Chuck - your own glorious Government Motors even pulled their ads from the shite-site.

You'd better go and re-educate them Commrade BunkerBonus of Fiat.

One of your wonderful government entities is off message.

Fri, 05/18/2012 - 10:12 | 2439569 MrBoompi
MrBoompi's picture

I'm certainly not laughing at you, but I do have a $100 tulip bulb to sell.

Fri, 05/18/2012 - 09:42 | 2439343 onelight
onelight's picture

Wow $200bln valuation -- that sounds like a JPM/Iksil trade....hmmm

Fri, 05/18/2012 - 09:53 | 2439419 stocktivity
stocktivity's picture

Facebook will barely open trading by the time European markets close. These idiots will buy at just about the high. Monday morning they may panic to sell these same over hyped shares.

Fri, 05/18/2012 - 09:58 | 2439479 onelight
onelight's picture

I wonder, if you are right, can the market handle a $200bln (or whatever) lead balloon like that. If this is the next AAPL, in terms of market weight, look how much heft that one has, what it takes to manage it. Not an expert on this stuff, just wondering.

Fri, 05/18/2012 - 09:58 | 2439467 slaughterer
slaughterer's picture

I sold all of my physical gold to buy FB shares today!

Fri, 05/18/2012 - 09:58 | 2439473 BorisSDT
Fri, 05/18/2012 - 10:47 | 2439745 Ruffcut
Ruffcut's picture

This will be fun to watch. I might pick up a few shares to feel included.

I hope my charts don't blow up.

Fri, 05/18/2012 - 09:29 | 2439273 holdbuysell
holdbuysell's picture

So, when are the puts available?

Fri, 05/18/2012 - 09:42 | 2439345 ihedgemyhedges
ihedgemyhedges's picture

Goldman has already spoken for all of them...................

Fri, 05/18/2012 - 10:08 | 2439394 Normalcy Bias
Normalcy Bias's picture

...And 120% of tradeable shares will be short.

Fri, 05/18/2012 - 09:42 | 2439350 kaa1016
kaa1016's picture

They say options will start trading May 29. Can't wait. This is the market top...

Fri, 05/18/2012 - 10:02 | 2439508 DeadFred
DeadFred's picture

That sucks. The bloodbath will be in the history books by then. "F" for Facebook right after "E" for Edsel.

Fri, 05/18/2012 - 09:29 | 2439276 SnobGobbler
SnobGobbler's picture

the bloodbath awaits! 

Fri, 05/18/2012 - 09:40 | 2439333 LMAO
LMAO's picture

Yep, get ready for a 10 pts. drop on the ES

Fri, 05/18/2012 - 09:29 | 2439277 ParaZite
ParaZite's picture

If you are bidding worthless fiat currency that is going to be worth less tomorrow, and worthless in the near future... do you really care if you pay twice the asking price?

Fri, 05/18/2012 - 09:44 | 2439356 ParaZite
ParaZite's picture

Oh, boo hiss...  :P

I wonder how many Euros are being converted into Facebook stock by Greece. 

Just saying...

Fri, 05/18/2012 - 10:09 | 2439554 DeadFred
DeadFred's picture

Buying FB (or any other US stock) with Euros then selling for Drachma after the exit is a decent strategy. Gold would be better, but a stock purchase will never get confiscated they the metals might.

Fri, 05/18/2012 - 09:48 | 2439379 RECISION
RECISION's picture

Or... <just musing out loud> ...this is a flight - to relative quality...

Fri, 05/18/2012 - 09:54 | 2439431 ebworthen
ebworthen's picture


I appreciate the sarcasm.


Fri, 05/18/2012 - 09:30 | 2439281 Scalaris
Scalaris's picture

I'd say that they are exactly as dumb as they were expected to be.

Fri, 05/18/2012 - 09:30 | 2439284 midgetrannyporn
midgetrannyporn's picture

The Norway teacher's fund is going to get ass reamed. (again)

Fri, 05/18/2012 - 09:31 | 2439289 Cognitive Dissonance
Cognitive Dissonance's picture

Some fool promoting Facebook on CNBC this morning was talking about the as-yet-undiscovered revenue streams Facebook will magically discover a few years down the road. Can you say "Beauty Contest"?

Too freaking funny.

Fri, 05/18/2012 - 09:37 | 2439313 BeetleBailey
BeetleBailey's picture

I have TORTURED myself as I have turned up the volume on cBSnbc, and listened to the dogma and ka ka.

One would think Facebook was the second coming of Christ. Un-be-lievable.

Aerial cameras. Mother of God!

I need to wash Cramers voice out of me head. Anyone got some industrial strength ganja?

I need a Nicholson Easy Rider campfire moment - or complete night.

Fri, 05/18/2012 - 09:45 | 2439363 bdc63
bdc63's picture

"One would think Facebook was the second coming of Christ.  Un-be-liebable."

Wait ... you mean it's not? ...

Fri, 05/18/2012 - 09:47 | 2439377 Hippocratic Oaf
Hippocratic Oaf's picture

I got some seeds and stems, will that due until JIT delivery?

Fri, 05/18/2012 - 10:31 | 2439663 nowhereman
nowhereman's picture

I'll take the seeds. I feel the entrepreneurial spirit calling me.

Fri, 05/18/2012 - 09:57 | 2439456 brooklynlou
brooklynlou's picture

Cramer is the evil doppelgänger of Louis CK

Fri, 05/18/2012 - 10:39 | 2439717 Jam Akin
Jam Akin's picture

Cramer is MDB

Fri, 05/18/2012 - 10:20 | 2439608 Stoploss
Stoploss's picture

Also known as the future ad rev generation mechanism. Whatever that may be. (prayer i guess).

Fri, 05/18/2012 - 09:32 | 2439292 krmont22
krmont22's picture


Fri, 05/18/2012 - 09:34 | 2439300 Capitalist
Capitalist's picture

The next CRAAPL has arrived

Fri, 05/18/2012 - 09:37 | 2439304 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Move aside Apple. We have a new hate figure for ZeroHedge!

Fri, 05/18/2012 - 09:35 | 2439305 youngman
youngman's picture

Pro Forma income...remember that phrase....boy is this being hyped....all the Networks on is Michael Jackson....I bet Obama shows up...

Fri, 05/18/2012 - 09:46 | 2439367 Normalcy Bias
Normalcy Bias's picture

Yep. Barry will tout this IPO as evidence that his policies are bringing about an economic recovery...

Fri, 05/18/2012 - 09:45 | 2439316 q99x2
q99x2's picture

What's FaceBook? Is it an app or what.

Must not be on the NasDaq. The Nasdaq is down.

UVXY, TVIX and FAZ +++

Fri, 05/18/2012 - 09:38 | 2439320's picture

A fool and his money are surely parted....

Fri, 05/18/2012 - 09:40 | 2439331 Money 4 Nothing
Money 4 Nothing's picture


Fri, 05/18/2012 - 10:14 | 2439580 aheady
aheady's picture

A fool and his money were lucky to get together in the first place :)

Fri, 05/18/2012 - 09:38 | 2439321's picture

A fool and his money are surely parted....

Fri, 05/18/2012 - 09:46 | 2439364 mess nonster
mess nonster's picture


Fri, 05/18/2012 - 09:40 | 2439329 Zero Govt
Zero Govt's picture

Goldman gaming the European screens no doubt

Fri, 05/18/2012 - 09:41 | 2439332 bdc63
bdc63's picture

Facebook's market cap is expected to be bigger than Amazon's and Cisco's ...

That is just surreal to me.

Fri, 05/18/2012 - 09:41 | 2439334 Kaiser Sousa
Kaiser Sousa's picture

this shit is so fucking stupid.....

Fri, 05/18/2012 - 10:29 | 2439657 ThirdWorldDude
ThirdWorldDude's picture

...But you and I, we've been through that, and this is not our fate
"So let us not talk falsely now, the hour is getting late.


Hope you're all well prepared, the wind's begun to howl

Fri, 05/18/2012 - 09:43 | 2439337 RECISION
RECISION's picture

never underestimate the stupidity of a mob of sheep.

<farmers wisdom>

Fri, 05/18/2012 - 09:42 | 2439344 Zen Bernanke
Zen Bernanke's picture

pump & dump bitchezzzz.

Fri, 05/18/2012 - 09:42 | 2439346 midgetrannyporn
midgetrannyporn's picture

that fugly mofo needs billions or he would never get laid.

Fri, 05/18/2012 - 09:53 | 2439424 LarryDavis
LarryDavis's picture

Have you seen his gir?

Fri, 05/18/2012 - 10:05 | 2439522 RECISION
RECISION's picture

Why no - what does his GIR look like...?

Is that one of those felt huts they live in in Mongolia...?


Fri, 05/18/2012 - 16:51 | 2441854 LarryDavis
LarryDavis's picture

Bitch doesnt even get an "L" for dating homeboy and not being particularly fly.

Fri, 05/18/2012 - 09:43 | 2439352 MFL8240
MFL8240's picture

This compnay has made 1 billion and it is valued at 200 billion

Fri, 05/18/2012 - 09:43 | 2439353 Stuart
Stuart's picture

the market top is in.

Fri, 05/18/2012 - 09:44 | 2439354 I am a Man I am...
I am a Man I am Forty's picture


Fri, 05/18/2012 - 09:44 | 2439357 optimator
optimator's picture

Sugar Mountain will go down in history.

Fri, 05/18/2012 - 09:44 | 2439360 Trimmed Hedge
Trimmed Hedge's picture

Pls stop publicly expressing your jealousy, Taylor....

Fri, 05/18/2012 - 09:46 | 2439365 hazek
hazek's picture

The herd being led into the slaughter house.

Fri, 05/18/2012 - 09:46 | 2439366's picture

Its probably a  trade done by the traders themselves to drive up the value.....maybe those funds for that trade came from Singapore?

Fri, 05/18/2012 - 09:46 | 2439368 Silverhog
Silverhog's picture

What, no free beanie baby with every 100 shares?

Fri, 05/18/2012 - 09:46 | 2439372 Everybodys All ...
Everybodys All American's picture



Fri, 05/18/2012 - 10:45 | 2439738 _ConanTheLibert...
_ConanTheLibertarian_'s picture


Fri, 05/18/2012 - 09:47 | 2439375 semperfi
semperfi's picture

"far dumber"

so then we should be "far smarter" and SHORT THE SHIT OUT OF IT from the get-go ?

Fri, 05/18/2012 - 10:04 | 2439520 brooklynlou
brooklynlou's picture

I shot an email to Proshares and asked if they can create a Ultra Short Facebook ETF - maybe call it FUBR or something - make it convenient for all of us to get in the action and they stand to make a couple of bucks as well.

Fri, 05/18/2012 - 09:48 | 2439381 mess nonster
mess nonster's picture

First mt wife's Apple computer broke. Then after a week without any computer, she said, "Funny, I don't miss Facebook at all!

Fri, 05/18/2012 - 09:49 | 2439385 cherry picker
cherry picker's picture

I deleted my facebook account today.

After the IPO and certain articles suggesting an increase in ads and spam, never mind the encroachment of government and corporate noses mining my personal data, convinced me that Facebook and Google are not in business for the good of those who use their services, but are now something a lot more sinister, if I may use that term.

Now that Facebook is on NASDAQ and "God's" servant Goldman Sachs has a piece of the action, I am telling both to go to hell in my own fashion.

I wonder how "God's" servant will feel being rejected on the day that many sheep get "fleeced"?  :)

Fri, 05/18/2012 - 09:52 | 2439409 Trimmed Hedge
Trimmed Hedge's picture

"I deleted my facebook account today."


Don't worry -- they'll still keep everything on file for you....

Fri, 05/18/2012 - 09:54 | 2439430 semperfi
semperfi's picture

and if they don't, then the CIA, FBI, NSA, etc does - no need to spend your own money on a backup file system anymore

Fri, 05/18/2012 - 13:23 | 2440786 obejoyful
obejoyful's picture

I deleted my acct, and they kept sending me emails saying you have activity in your acct.  So I logged back in to see what is up. Well when you log back in it re-activates your account.  What a scam?

There is a seperate process you have to follow to really delete your acct and it is not there process.

Fri, 05/18/2012 - 09:51 | 2439393 ebworthen
ebworthen's picture

Got queasy watching Zuckerberg and his silver spoon crowd ringing the NASDAQ bell.

Not a productive invention to improve life but a narcissistic window to sell consumption.


Fri, 05/18/2012 - 10:00 | 2439494 bdc63
bdc63's picture

here we call that "The American Dream"

Fri, 05/18/2012 - 09:51 | 2439406 firstdivision
firstdivision's picture

Oh if only I could get my hands on the list of people that actually bought this.  I'd be rich selling them bridges and land.

Fri, 05/18/2012 - 09:52 | 2439413 I am a Man I am...
I am a Man I am Forty's picture

Upside from day two of investing in FB, zero, downside, a whole fucking bunch

(With arms spread out with a deep voice) Lemmings unite around theFacebook!!!

Fri, 05/18/2012 - 09:53 | 2439418 UK debt marsh
UK debt marsh's picture



That is $222 for every ADHD "look-at-me" teeny, who shares her innermost vacuity whilst NOT clicking on GM ads.



Fri, 05/18/2012 - 09:53 | 2439421 digalert
digalert's picture

Watch CNBS, you'd think this Zuckerberg is the new world savior, even above the Kenyan. astounding.

Fri, 05/18/2012 - 09:54 | 2439434 mrpxsytin
mrpxsytin's picture

I don't get you guys on here. You go on and on about how trading is done by algos and that the retail investor has left the market and then at the same time you call 'people' stupid for buying Facebook.... Contradict yourselves much?

Fri, 05/18/2012 - 10:11 | 2439563 brooklynlou
brooklynlou's picture

Honestly I don't believe "people" are buying Facebook. The retail investor is toast and the amount of money being pulled from funds confirms it. On the other hand, There are a lot of stupid pension funds

Fri, 05/18/2012 - 09:55 | 2439446 mess nonster
mess nonster's picture

OK, so before my wife's computer broke, she said, "Come here, Facebook holdout, I want to show you something." So, then, she put my name, "Mess Nonster" into the facebook search window, and BAM! a freakin' TON of photos, comments, and assorted other crap popped up. So, if you don't have a Facebook account, (and I dont) you're still on Facebook.

Fri, 05/18/2012 - 09:57 | 2439448 scatterbrains
scatterbrains's picture

We may be missing the big picture here. Perhaps as we go deeper down the Facist road at some point in order to be an american citizen you will be required to have a FB account which will become the official sanctioned U.S. passport, a bank, your driver's license, your birth certificate, your voting booth etc etc. 

Fri, 05/18/2012 - 09:58 | 2439472 Barometer
Barometer's picture

Opening price will be flat then the avalance will start. 27 close

Fri, 05/18/2012 - 10:01 | 2439502 bdc63
bdc63's picture

sounds about right to me

Fri, 05/18/2012 - 10:13 | 2439574 brooklynlou
brooklynlou's picture

After Europe implodes by mid summer I call $13 by August

Fri, 05/18/2012 - 09:58 | 2439475 Nnthnt1
Nnthnt1's picture

Dell, MSFT, IBM going down. Passive index funds have to reweigh them. Positive feedback loop. free markets ftw.

Fri, 05/18/2012 - 09:59 | 2439481 ebworthen
ebworthen's picture

Tech Bubble Part Deux!!

Fri, 05/18/2012 - 10:01 | 2439496 nowhereman
nowhereman's picture

That P.T. Barnum fellow was a genius.

Fri, 05/18/2012 - 10:05 | 2439518 warchopper
warchopper's picture


Fri, 05/18/2012 - 10:04 | 2439523 walcott
walcott's picture

Same retards who just lost 20 billion.

Same retards who get bailed out over and over again.

Same retards rigging all paper markets.

Fri, 05/18/2012 - 10:08 | 2439545 walcott
walcott's picture

Facebook - Starship enterprise for clueless pasty nerds. Complete horseshit.

Fri, 05/18/2012 - 10:15 | 2439590 Vince Clortho
Vince Clortho's picture

For those who think America can't produce anything ...


Fri, 05/18/2012 - 10:44 | 2439726 walcott
walcott's picture

Build an enormous golden calf and party while the entire world implodes.

Do NOT follow this link or you will be banned from the site!