You're now on the archive server. Commenting has been disabled.
Update: $42, $43.25, $45, $44
Well, Europe appears to have been off by "a little", as usual.
This so awesome. I contacted my broker last night and asked him to buy me 300 shares. When he asked what my maximum bid price is, I literally said "anything - just get me my shares". This is history in the making, and I am going to tell my grandkids this story when they’re inheriting my stock at multiples of the current price.
HA HA HA HAHAHA HAHA HAHAH HAH AHHA !!!!111!!!111eleven!!one
I can't wait to tell my Grandkids about MDB too!
The bowl has got to fill before it can swirl.
Face Flush Euro Edition
I'm fucking wetting myself with you. Glad you're back
Truly a wild event with the HFT quote parade underway -- something to tell the grandkids alright.
"Markets were totally manipulated by random phantom price action, back in my day, kid"
I think this is the first time I've ever seen an MDB comment with more green than red. Black swan event.
People are starting to catch on the MDB's sarcasm. Which is perfect this morning.
Frame this for the European kids.
MDB is a gifted polemicist. I debated him awhile back, on mirc, during one of those open nights that ZH used to have. I think it was him. He carried on a rhetorically pitch-perfect Ben Bernanke logical-reply series that was hilarious. I finally gave up, laughing at such a skilled, on-the-fly impersonation. Later I wondered if he's a poster child for Wall Street's problem of too much clever intelligence applied to financial engineering, but the markets are connected to everything so it makes sense to have some with a wide facility for topical coverage and rhetorical flair.
MDB missed Wall Street flogging over-priced junk (their only speciality) in the 2000.com era
...which makes him about 9 years old
MDB was blind, but now he can see...Applies equally well to other FaceBook buyers.
(Monty Python--the blind man in Life of Brian)
Thanks, MDB! I can always count on you for a good laugh.
I know ... it's great isn't it? I wish they would give it more coverage on CNBC. 10:56 ... 4 minutes 'til uphoria ...
Facebook is worth more than Greece, Portugal, Spain and Italy combined. And it is worth every penny and drachma.
I love FB, Skynet and Warren Buffet. I am taking Munger's advice and sewing gold coins into my kimono.
LMAO...fucking priceless MBD!! You are the KING of trolls!
Carl C. (in a moment of brief CNBS clarity) said, "This is the finanicial TV version of a car chase...you don't know how it's going to end."
that was hilarious. thanks MDB
PS. Don't you think they should make it part of the DOW and S&P right now?
How could anyone downvote this? I laughed out loud!
Too fucking funny! Chances are you're a seller!! And if this turd of a company is still around in 20 years the only reason it will trading at multiples of today's price is because our dollar will be worth 5% of what it is today.
or because its government funded and key tool in strip mining customer data. Oh wait...
300Shares??? MDB, you are really breaking the bank with that trade. You crack me up every time!!!
WHAT! NOT HIGHER?
"anything - just get me my shares"
Ah, hahahahahahah. My face is hurting. HAHAHA!
When he asked what my maximum bid price is, I literally said "anything - just get me my shares".
I have the same philosophy when it comes to purchasing physical gold and silver.
Your grandkids are going to be all, "300 shares of facebook? That is SOOO last generation. Stop trying to be cool gramps"
No doubt. Facebook is rapidly losing the cool factor with the 12-25 year olds.
Don't know whether I should vote this up or down...
Sheep Fleecing in Aisle One!
Line up, muppets!
I don't know how that could have been thumbed down hilarious!!!
You are so full of it.
What..you too stupid to have an online account and buy yourself?
This post of yours confirms that you are a mental midget of epic proportions.
just when I thought there weren't any fish left, MBD reels in another one. incredible.
Unless BeetleBailey reeled you in, that is...
Yes $44 across Level2 right now. Buy it retail, buy it!!
don't you worry, they will
Cramer just said that the sell off in Apple was to help people position themselves to buy Facebook.
Yeah, just like the Asian markets earlier this morning ... no need, to worry - just buy, buy, buy everybody!
Oh no, a new generation of dotcom bagholders is being created.
If so, then the combination of that plus the housing market plus the job market would be enough to trigger the worst depression this country has seen in over 100 years. Personal equity would be crippled across the country.
I'm afraid the second great depression is already in progress and it will get far worse.
FUCK Facebook and more importantly FUCK Bernanke.
Down from 50,000 euros. hmmmm
my screen shows $-1, which I guess means they pay me $1 to buy it?
I believe that is the only way I would buy shares of this shit. Chances are dividends will be paid out Zynga dollars.
DON'T DO IT!
It's a trick/trap, TPBT are only looking to unload fiat! And when you get it you WON'T be able to get rid of it, you'll be charged to hold on to it (and like in the song Hotel California, you can check in but you can never leave).
I have some Friendster and Myspace shares for a modest discount if there are any takers. I'm looking to unload those and load up on FB!
Naked short on FB at the open.
thats illegal. wonder why?
Illegal for YOU. Not for Goldman, JPM, et al.
If only I was as smart as the big boys. Maybe I can still hock my house and buy some FB before it really goes stratospheeric.
How many shares did Goldman get to buy at rock bottom prices before unloading it on the sheeple shits?
Didn't they unload half of their position?
Shorting it the 29 is to early I think. This might be a apple fix. I'll wait 4 weeks before I short it. Just for thr fun of it, 1k in puts 10$ below the price
I forgot, what do they produce? Any how many jobs are they creating? And how does this benefit our country?
They sell shares! And when they run out of shares... THEY'LL PRINT SOME MORE!!!
They help you be "friends" with people you don't really give a rat's ass about!
Oh Boy! Now you can buy shares of Facebook, which does nothing, makes nothing, and generates nothing, and lose all your money the same place you lost all your time!
Why such a low valuation of 100 billion?
Yeah but they have proprietary technology such as the like button, the wall and the greatest collection of narcissists on Earth. I mean talk about a barrier to entry. It is not like just anybody could create a website where people upload pictures and make comments to one another..I am sure in 2018 there will no other fad website on the horizon.By the way if you wanna message me personally you can reach me at AIM: Thingsremainthesame81
We are all still using AIM right?
Renren ummm run run.
Today's typical Facebook posts:
"I took a shower"
"I made a sandwich"
"I lost my ass with Facebook stock"
At least then we can 'poke' fun
BATS! BATS! BATS! BATS!
MDB, almost as much fun as Robot was. Hmmm, What happened to Robot?
Um.. he probably is Robo version 2.. but more irritating
Does this mean Pinterest is worth eleventy trillions?!
$42 ... ouch, that's going to disappoint a few people
the dumb money will pour in for a few weeks, then it will settle down, then people will realize this company has no product, no real revenue stream, and no real future.
There's a $4,000/shr bid on Level II
I think they just missed a decimal point
Ha ! Pets.com had a much better IPO opening
When does it actually start trading?
Stupidity, the only resource this planet is not running out of.
PE = 100 Dot Com Redux
nobody knows how to ramp and over-price an IPO like Goldmans
..there's going to be carnage down the road as this sack of junk explodes
CNBS BREAKING NEWS!: Facebook Trading May Be Delayed by 5 Minutes by Nasdaq (story developing)
Can we get this shit show started? I'm sitting here waiting to watch the lunacy unfold.
Delayed until 11:05, but now it's 11:07.
brokers are on the phone RIGHT NOW trying to get muppets to jack that open back up to $45
11:11 and still nothing ... hmmm ....
Zuc, is this a bad sign? Trading starting late?
Too many orders coming in they can't keep track of them. They might have to call it off, they weren't expecting people to be this excited...
11:15 ... crickets ...
11:20 ... my, my, I wasn't expecting this ...
11:25 ... rumors that it's going to open below $38 due to "sell" orders coming in ... people want to "change" and "cancel" orders ...
MAKE MY FUCKING DAY FACEBOOK!!!!!!!!!!!!!!!!!!!!!!!!!!
11:30 ... surreal ... welcome to amature hour ... CNBC is really struggling to try and put a positive spin on this ... AND they have been commercial free for almost an hour now.
It'll open at 11:30 at zero point zero...
Come on Bats do your stuff.
looks like it doing it. It Techs are probbaly looking at a blue screen going...fuuuuuuuuuck...
Will be the biggest company in the world by market cap in the next 3-5 years.
All the while producing nothing of physical value - winning.
That summarizes the American trend over the last 20 years. Nothing of value made locally, just all financial engineering and loophole economics.
This sucker will crash hard.
yeah, sure keep thinking that genius. We have a shitstorm coming in this world, and to think some do nothing time wasting site is going to hold its worth? really.
When the euro folds, when the next war breaks out, facebook, you think facebook will be immune to the market crash?
Yep, biggest market cap of "users" posting "[sad face] my bank won't give me my money again today."
11:10 and still nothing.
I want this to happen at the next Fed Bond auction. "11:10 and still nothing...", that's what I want quoted from Bernanke.
If Fidelity had a "short 10 minutes after going public" order type I could go back to bed.
F* it, I want in at ANY price. I want all of the shares.
Impossible. Bernanke beat you to it, and he's holding.
OMG, the anticipation is driving me WILD...!!!
Facebook 15 minutes late, or more, just like Obummer for every single speech.
I think I now know why I don't watch FootBall.
Once upon a time there was something just as incredible as Facebook. It was known as America Online. And so it goes...
Yahoo, Amazon, Pets........
It's looking like the Fed needs to give Facebook a little help out of the gates.
I think I get it. All the potential buyers are on facebook, wasting time!
Is this what it is like to await the winner for American Idol?
CBS Headline: Europe fears vs Facebook.
Apparently FB is a debt cancelling Deus ex Machina. And I thought it was just another site I adblocked...
I lived in Seattle during the dot com thing. This HAS to be different. I can feel it. I can smell it. I can taste it.
No, I guess I can't.
Thank God for Facebook IPO, humanity is saved! God bless you Zuckenberger or whatever the hell your name is.........
Suck 'N Bugger
I'll play your game you rogue.
Can't wait for the 3x Failbook ETF
I'm running out of popcorn and whiskey. Would someone please start the show already?
I think the world just stopped spinning.
c'mon pussies! light this candle!
You can't eat Facebook
You mean Farmville isn't real!?
Can I still get in at 40,000?
Facebook isn't about ad revenues or likes and dislikes.
It is about a massive database of detailed, comprehensive, personal information about hundreds of millions of people.
What is that database worth? Priceless!
can and do they sell that data? umm no. The govt takes it, but if they aint paying it is indeed without a price, or revenue for that matter.
Going on 11:30 and still no trading, is the market broken?....
I'm having a hard time keeping my erection at this point.
Are there NO bids?
This can't get an any worse(better) can it?
Is it mandatory to have a face to buy this stock---I don't anything about it, but my broker says: 'Just buy it! Trust me!'
Just waitin for a bid above 34.
Benny put down his $4,000 bids....perhaps it'll open there.
Finally, 42 out of the shoot.
You people are uncivilized I tell you
Put your $1 buy order in now.
7 minutes AFTER the open of the IPO and the markets FALL???!!! Speaks volumes!!!
so much fascination with the marketing of this cyber temple of the culture of shameless exhibitionism. the culture of narcissism stares obsessively into its looking glass shimmering with the utter banality of self absorption. The organ grinder monkey Zuckerberg and the zionist cabal which funds the "boy wonder" stage manage the empty tawdry psychodramas of credulous sleepwalking consumer zombies and once again pick their brains and the pocketbooks. once again, the absurd grotesquerie that comprises modern social discourse is greeted alternately with obsessive compulsion and the cynical derision of low comedy. stupid manipulated pagan culture headed for destruction. it cannot come too soon.
Pure poetry, 'bro----should be on the tombstone--thanks, om
Market numbers will now be reported in "Number of Friends" units.
Remember: You're either with us or you're with the non-friends!
Dang, MDB has already lost his grandkid's lunch money.
Looks like it'll be food stamps for the MDB clan...
Darwin... who would have thought that an "IPO" would pick genetic winners and losers? Makes one long for the good old days when there was non-virtual stuff like Saber-toothed Tigers that one could actually put one's hands on.. (put one's head in to).
Gee, don't suppose the red arrow was from one of those "creationists" do you? Nutjobs! (yeah, nature's going to clear your dumb asses out)
I wonder whether JPM's "loss" was really a cover and that they plugged this money into the FB IPO?
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.