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FaceBook Pulls Reverse BATS - Flash Smashes To €50,000/Share

Tyler Durden's picture




 

Sigh: FaceBook's market cap briefly passed $100 trillion. How long until a loaf of bread does the same thing?

 

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Fri, 05/18/2012 - 09:50 | 2439392 midgetrannyporn
midgetrannyporn's picture

pets.com

Fri, 05/18/2012 - 09:52 | 2439410 Aziz
Aziz's picture

I think I just pissed myself laughing.

Fri, 05/18/2012 - 09:53 | 2439420 Ratscam
Ratscam's picture

Friday afternoon humor

Fri, 05/18/2012 - 09:55 | 2439443 malikai
malikai's picture

Like I said, FB is going to be an HFT killzone.

Fri, 05/18/2012 - 09:57 | 2439461 THX 1178
THX 1178's picture

The world doesn't make sense to me anymore.

Fri, 05/18/2012 - 09:58 | 2439474 Harlequin001
Harlequin001's picture

WTF?

Fri, 05/18/2012 - 09:59 | 2439485 Short Memories
Short Memories's picture

and I just said on the other thread I hope they do a BATS

I meant flash crash though!

Fri, 05/18/2012 - 10:00 | 2439493 redpill
redpill's picture

Tyler, that would be, "le sigh"

Fri, 05/18/2012 - 10:03 | 2439512 toady
toady's picture

€50000?

SELL SELL SELL!

Fri, 05/18/2012 - 10:07 | 2439536 Short Memories
Short Memories's picture

Is it a coincidence today is the first time I've seen a FB ad on ZH ????

I think I know where the 100b is going :(

Fri, 05/18/2012 - 10:11 | 2439564 Gully Foyle
Gully Foyle's picture

What is Schumers opinion?

Are his shifty beady little eyes lit with dollar signs?

Fri, 05/18/2012 - 10:10 | 2439558 Nothing To See Here
Nothing To See Here's picture

Call me barbarian all you want if I see more value in an ounce of gold than in a 50,000 eur FB share.

Fri, 05/18/2012 - 10:05 | 2439530 rosiescenario
rosiescenario's picture

....it never did, but I used to think I knew what was happening....

Fri, 05/18/2012 - 10:07 | 2439537 LongSoupLine
LongSoupLine's picture

 

 

 

Bob Pisani just soiled himself with joy.

Fri, 05/18/2012 - 10:13 | 2439573 THX 1178
THX 1178's picture

I remember being young and thinking, "The adults are so smart! They know everything and I don't have to worry because everything is under control. Everything is safe." 

Fri, 05/18/2012 - 09:58 | 2439471 MillionDollarBonus_
MillionDollarBonus_'s picture

The volatility is crazy out there, but one thing is for sure: the trend is UP. It's so cool to see FB finally trading among the other internet giants like Amazon and Ebay.

Fri, 05/18/2012 - 09:59 | 2439483 Bay of Pigs
Bay of Pigs's picture

No, WAY UP

Fri, 05/18/2012 - 10:01 | 2439499 Short Memories
Short Memories's picture

I fucken love you MDB! LOL

Fri, 05/18/2012 - 10:02 | 2439509 EvryInternational
EvryInternational's picture

You don't happen to drive (or used to drive) an H-2 where you'd take the kids out with the wife and throw little sandwhiches at homeless people, did you (do you)?

 

Is this sf3006?

 

Where's pods?

Fri, 05/18/2012 - 10:09 | 2439553 Gully Foyle
Gully Foyle's picture

EvryInternational

Whoa dude, flashback.

Riding around with people throwing beer at joggers.

They were all REAL high and maybe regret it today. If they remember.




Fri, 05/18/2012 - 10:05 | 2439528 jomama
jomama's picture

you fail at making jokes.

Fri, 05/18/2012 - 11:54 | 2440273 snakeboat
snakeboat's picture

aww cmon, he's OUR anti-hero!

Fri, 05/18/2012 - 10:09 | 2439549 LongSoupLine
LongSoupLine's picture

"...but one thing is for sure: the trend is UP." - MDB

 

 

Holy shit that's funny!

Fri, 05/18/2012 - 10:24 | 2439635 BeetleBailey
BeetleBailey's picture

LOL. Got that Etch-a-Sketch of yours out of your toy box, ZimbaweFiatBumper?

Man, one cannot make up the shite that comes out of your 386....Mom's calling. You didn't finish your porridge.

Fri, 05/18/2012 - 10:28 | 2439652 Chaffinch
Chaffinch's picture

You're back on form MDB!

Internet Giants!

Priceless! (well, almost...)

; )

Fri, 05/18/2012 - 11:00 | 2439805 financial apoca...
financial apocalyptic contagion's picture

finally this lovely fellow with a fucked up sense of humor is bak

Fri, 05/18/2012 - 10:01 | 2439503 jekyll island
jekyll island's picture

Retail investors are muppet bait.  

Fri, 05/18/2012 - 10:24 | 2439625 He_Who Carried ...
He_Who Carried The Sun's picture

Preorders in Frankfurt are at a ridiculous 70US...

 

Btw, nice "photoshopping"-effort on that chart, TD.

Fri, 05/18/2012 - 09:55 | 2439445 clones2
clones2's picture

Rumor is JP Morgan went long at 57,000!!!!

Fri, 05/18/2012 - 09:58 | 2439477 malikai
malikai's picture

They brought him back from the dead to walk on to the floor and... Eat their brains?

Fri, 05/18/2012 - 10:16 | 2439591 masterinchancery
masterinchancery's picture

Based on estimated earnings in the year 2014, the PE is only 20, buy!

Fri, 05/18/2012 - 09:59 | 2439480 Manthong
Manthong's picture

You can't make this stuff up,

Fri, 05/18/2012 - 10:08 | 2439547 jus_lite_reading
jus_lite_reading's picture

The robots are pre-programmed for the hyperinflation that is imminent... 

Snake oil sales are gettin' harder by the day!!

 

 

Fri, 05/18/2012 - 09:57 | 2439454 BorisSDT
BorisSDT's picture

Facebook is a huge sham! Here's a full analysis: http://www.singledudetravel.com/2012/05/why-facebook-isnt-worth-100-bill...

Fri, 05/18/2012 - 10:03 | 2439513 CH1
CH1's picture

Well of course it isn't worth much, but it's the new Magic Stock!!

We shall be saved!

Fri, 05/18/2012 - 10:00 | 2439491 stocktivity
stocktivity's picture

Well...Facebook gets Jamie out of the headlines.

Fri, 05/18/2012 - 10:02 | 2439498 Everybodys All ...
Everybodys All American's picture

tricked out email ... who would have ever thought the world would be this enamored.

Fri, 05/18/2012 - 10:04 | 2439519 CH1
CH1's picture

tricked out email

More like a stalking service.

Fri, 05/18/2012 - 11:27 | 2439998 Think for yourself
Think for yourself's picture

For most people there's 2 main uses for facebook, and you nailed one.

The other is simply ego projection and self-flattery.

Mirror mirror, tell me who is the most beautiful... 

Fri, 05/18/2012 - 10:12 | 2439572 jus_lite_reading
jus_lite_reading's picture

HOLY SHIT LMAO!!

YAHOO Finance page REPLACED the DOW index with FACEBOOK!!! 

At the top of the screen - Facebook chart, S&P chart and Nasdaq chart! 

LMAO!!! Are they telling us something? Facebook to the rescue (all your DOW listed stocks are no longer valid, sorry)

Fri, 05/18/2012 - 10:18 | 2439601 bonddude
bonddude's picture

Webvan

Fri, 05/18/2012 - 09:51 | 2439396 slaughterer
slaughterer's picture

Off to a good start...

Fri, 05/18/2012 - 09:51 | 2439398 ShortTheUS
ShortTheUS's picture

BULLISH!

Fri, 05/18/2012 - 10:25 | 2439641 taniquetil
taniquetil's picture

Of course this is bullish. Facebook can only go up. I know because I bought myself a large pile of shares from Goldman Sachs, who decided to sell $1B from their own position for the IPO. This time will definitely be different.

Fri, 05/18/2012 - 10:31 | 2439668 quartshort
quartshort's picture

FaceFlop for the win.

Fri, 05/18/2012 - 09:51 | 2439399 francis_sawyer
francis_sawyer's picture

get in now before you're priced out forever... /sarc

Fri, 05/18/2012 - 10:04 | 2439517 EscapeKey
EscapeKey's picture

Nah, we'll see a 10,000:1 stock split.

Fri, 05/18/2012 - 09:51 | 2439405 Dr. Engali
Dr. Engali's picture

Sounds like a bargain.

Fri, 05/18/2012 - 09:52 | 2439408 Badabing
Badabing's picture

Lovit

Fri, 05/18/2012 - 10:06 | 2439531 toady
toady's picture

Lyle?

Fri, 05/18/2012 - 09:52 | 2439414 Quintus
Quintus's picture

But the markets aren't broken, right? 

Fri, 05/18/2012 - 09:57 | 2439466 Sudden Debt
Sudden Debt's picture

Not anymore, the "traders" just Got a windows update that should fix this bug.

Fri, 05/18/2012 - 09:53 | 2439415 The Big Ching-aso
The Big Ching-aso's picture

 

 

WTF.   Did they merge tickers with Berkshire?

Fri, 05/18/2012 - 09:53 | 2439416 EBR MOD 0
EBR MOD 0's picture

Will they take a VISA card?

Fri, 05/18/2012 - 09:57 | 2439463 Roland99
Roland99's picture

One share would be enough reward points for a trip around the world!

 

Fri, 05/18/2012 - 09:53 | 2439425 catacl1sm
catacl1sm's picture

Get in while the gettin's good.

Fri, 05/18/2012 - 09:54 | 2439426 dwdollar
dwdollar's picture

LOL...

Fri, 05/18/2012 - 09:54 | 2439427 firstdivision
firstdivision's picture

Ah-ha-ha-ha-ha-ha-ha-ha-ha. 

 

That sucks, I had a short trigger at €50,001.

Today is a day that I really wish IPO's could be shorted.  At least let me buy puts!

Fri, 05/18/2012 - 09:54 | 2439428 slaughterer
slaughterer's picture

Did Zuck offload at that price?  Nice work Zuck...  I mean, remember, this is a company of hackers... and BATS, well ...

Fri, 05/18/2012 - 09:58 | 2439470 fuu
fuu's picture

BATS is a dirty dirty whore.

Fri, 05/18/2012 - 09:55 | 2439429 MiddleageThinni...
MiddleageThinninghair's picture

By looking at the volume I would estimate that 10 000 shares sold at $50 000.

Fri, 05/18/2012 - 10:05 | 2439515 RopeADope
RopeADope's picture

Looks like a few hundred traded and those trades were cancelled.

Fri, 05/18/2012 - 09:54 | 2439432 Diet Coke and F...
Diet Coke and Floozies's picture

We got to get Wilson and tell him to selllll!

Fri, 05/18/2012 - 09:54 | 2439435 Seize Mars
Seize Mars's picture

ha ha ha ha ha HA HAHAHAHAHAHAHAHAHAHAHAHAHH

This just gets better and better!

SHIT SHOW

Fri, 05/18/2012 - 09:54 | 2439436 I am a Man I am...
I am a Man I am Forty's picture

markets working efficiently

Fri, 05/18/2012 - 09:54 | 2439437 FLUSA.com
FLUSA.com's picture

its going to be one of those fat finger days....

Fri, 05/18/2012 - 09:55 | 2439439 ghengis86
ghengis86's picture

I picked a bad day to quit sniffing glue

Fri, 05/18/2012 - 09:56 | 2439440 RacerX
RacerX's picture

PT Barnum is even laughing.

I can picture the dude now: "So what's the difference between a Market and a Limit order?"

Fri, 05/18/2012 - 10:34 | 2439685 BeetleBailey
BeetleBailey's picture

cDOUCHEnbc even had Melissa Lee explaining to everyone not to put in a market order for FB this morning...that tells you how dumb the public is. I bet millions of sheeple do just that....and get pole axed....and wonder why....then blame the market....and go back to Dancing With The Stars....and blame Bush.

Fri, 05/18/2012 - 09:55 | 2439441 Vince Clortho
Vince Clortho's picture

Missed my chance to get in at 40,000

Fri, 05/18/2012 - 10:10 | 2439559 Zgangsta
Zgangsta's picture

Still less than a share of Berkshire Hathoway...

Fri, 05/18/2012 - 09:56 | 2439447 Doubleguns
Doubleguns's picture

Beats 4 cents or is that what 50,000 Euro is going to be worth.

Fri, 05/18/2012 - 09:56 | 2439450 postafoa02
postafoa02's picture

lol.

Fri, 05/18/2012 - 09:56 | 2439452 fuu
fuu's picture

Short from 50,000 bitchez!

<snark>

Fri, 05/18/2012 - 09:57 | 2439455 GolfHatesMe
GolfHatesMe's picture

might be inclined to short it at that level

Fri, 05/18/2012 - 09:57 | 2439458 bdc63
bdc63's picture

oops ... that was me.  sorry - fat fingers. 

Fri, 05/18/2012 - 09:57 | 2439459 Cursive
Cursive's picture

This has turned into Terminator: Rise of the Machines.

Fri, 05/18/2012 - 09:57 | 2439460 BLOTTO
BLOTTO's picture

Facebook is already in a bubble and it hasnt even sold a single IPO share yet.

 

Fri, 05/18/2012 - 09:59 | 2439484 Cole Younger
Cole Younger's picture

LOL...

Fri, 05/18/2012 - 09:59 | 2439486 Nobody For President
Nobody For President's picture

Alas - no way to vote for hilarious.

Fri, 05/18/2012 - 09:59 | 2439487 DaBernank
DaBernank's picture

$FB = theglobe.com

Fri, 05/18/2012 - 10:00 | 2439488 xPat
xPat's picture

Did Facebook expatriate from the USA, or did the USA expatriate from Facebook? I think the latter, since FB was briefly worth considerably more than a decade of U.S. GDP!

xPat

Fri, 05/18/2012 - 10:00 | 2439490 q99x2
q99x2's picture

You articled my funny bone with that one.

Fri, 05/18/2012 - 10:02 | 2439501 falak pema
falak pema's picture

Frankfurter overkill, the sausage gets longer with each bubble injected, soon it will reach 100 Euros/share. Talk about Face-Fest! Prost! I think this will generate a huge f***-fest in Palo Alto! Baby you can keep your hat on, but not the rest at this price! 

HOLY CRAP: In Germany Already There's Bidding For Facebook At $74/share!Germany Already There's Bidding For Facebook At $74! - Business Insider

Fri, 05/18/2012 - 10:03 | 2439510 buryfarmer
buryfarmer's picture

100 trillion?  though it was billion?  somebody explain please

Fri, 05/18/2012 - 10:06 | 2439533 Zgangsta
Zgangsta's picture

I would, but it involves math, which apparently isn't your strong point.

Fri, 05/18/2012 - 10:03 | 2439511 fireangelmaverick
fireangelmaverick's picture

That is known as Biriyni's orgasm.

Fri, 05/18/2012 - 10:03 | 2439516 Trimmed Hedge
Trimmed Hedge's picture

So for a brief time, Zuckerberg was by far the richest man on the planet....

Fri, 05/18/2012 - 10:06 | 2439534 CH1
CH1's picture

for a brief time, Zuckerberg was by far the richest man on the planet....

Evidently crime does pay.

Fri, 05/18/2012 - 10:23 | 2439632 crawldaddy
crawldaddy's picture

yep, I like that Im gonna go post it one my ConnectU page... oh wait..

Fri, 05/18/2012 - 10:05 | 2439524 Trimmed Hedge
Trimmed Hedge's picture

BTW, Yahoo Finance has it's own real-time FB chart at the top of the page, right next to the Dow & S&P charts....

Fri, 05/18/2012 - 10:05 | 2439525 youngman
youngman's picture

If facebook is worth 110 billion...then my friend list is worth 1 billion per friend.....jajaja

Fri, 05/18/2012 - 10:09 | 2439544 dwdollar
dwdollar's picture

Shit, you should loan those friends out at 5.0% APR.

Fri, 05/18/2012 - 10:09 | 2439527 crawldaddy
crawldaddy's picture

Lets see. Facebook= a narcissistic site used  by horny and/or divorced men trying to hook up with old flames, and/or by over indulgant delusional annoying parents who post daily pictures of their fat kid playing sports they arent very good at, but yet are treated as the next superstar, and/or younger people too lazy to actually you no, go out in the world and experience it and met people face to face.  Yet the kicker is, where is the money made from these people?  the horny guy, the annoying parent , and the horny lazy kid sure the hell arent clicking on ads and buying anything.  So why again is this site worth 100 billion?  oh thats right, its not.

 

The backlash from Facebook is already out there, and it will grow, in my circle its even becoming embarrassing to admit you use and like it at this point.

Fri, 05/18/2012 - 10:11 | 2439565 rosiescenario
rosiescenario's picture

FB is so passe (sorry I am a techno weanie and do not know how to generate an accent mark on my computer).

Fri, 05/18/2012 - 10:40 | 2439724 VisualCSharp
VisualCSharp's picture

Hold down the ALT key and while holding it down, on the numeric keypad, press 0, then 2, then 3, then 3, then release ALT.

é

Fri, 05/18/2012 - 11:00 | 2439801 MsCreant
MsCreant's picture

I too am a weenie. Google. Look up the mark you want. Copy and paste. Many times it will transfer to your screen, sometimes not.

Fri, 05/18/2012 - 10:15 | 2439585 Ignatius J Reilly
Ignatius J Reilly's picture

yep.  that is about right on all points.  Again, where is the revenue?  Youngsters are already making FB the next Myspace.

Fri, 05/18/2012 - 11:09 | 2439855 Catullus
Catullus's picture

You're the product, not the customer.

Fri, 05/18/2012 - 10:07 | 2439535 navy62802
navy62802's picture

People are going to be dumping FB shares like it's going out of style. BATS 2.0.

Fri, 05/18/2012 - 13:21 | 2440777 moonstears
moonstears's picture

in 15 days, mark the calender.

Fri, 05/18/2012 - 10:07 | 2439538 TheCanimal
TheCanimal's picture

I'm selling all my FB at the open since my ability to predict the future is poor.  I've learned that there are 2 types of people who play the market:  Those that don't know and those that don't know they don't know.


Fri, 05/18/2012 - 10:08 | 2439543 sudzee
Fri, 05/18/2012 - 10:08 | 2439546 clones2
clones2's picture

MORTIMER DUKE - "Fuck him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!"

Fri, 05/18/2012 - 10:09 | 2439550 rosiescenario
rosiescenario's picture

FB is the ideal company for the present age.

 

With 50% unemployment facing the younger Europeans, how else can they cheaply while away the hours?

 

For those employed by the government in meaningless jobs, better they spend their time on FB than interfere with the few actually productive fools in the private workplace trying to make something.

Fri, 05/18/2012 - 10:20 | 2439612 crawldaddy
crawldaddy's picture

save the private industry is holier than thou crap.  Most succesful ones are picked by govt and/or protected by govt.

Fri, 05/18/2012 - 10:11 | 2439562 SelfGov
SelfGov's picture

*like*

Fri, 05/18/2012 - 10:13 | 2439576 BandGap
BandGap's picture

Quantum mechanically anything is possible.

Fri, 05/18/2012 - 10:15 | 2439583 blunderdog
blunderdog's picture

For those folks who enjoy nostalgia and all, bringing attention back to one of MY personal favorites: justballs.com

http://lubbockonline.com/stories/012901/upd_075-7015.shtml

Everybody needs balls, don't they?

Fri, 05/18/2012 - 10:22 | 2439622 Steve Evets
Steve Evets's picture

SEC investigation finds deeR & lleddaW responsible

Fri, 05/18/2012 - 10:24 | 2439637 juwes
juwes's picture

oy vey!

Fri, 05/18/2012 - 10:26 | 2439645 hankwil74
hankwil74's picture

$100 trillion..... a bargain at twice the price!

Fri, 05/18/2012 - 10:27 | 2439648 Mitch Comestein
Mitch Comestein's picture

So, this article implies that someone just lost 99.999999 trillion euro on the downtick.

Fri, 05/18/2012 - 10:30 | 2439659 gold-is-not-dead
gold-is-not-dead's picture

$50000? too expensive, I'm going to wait for a correction at $40000, and then go long... hahahhaha...

Fri, 05/18/2012 - 10:37 | 2439706 evolutionx
evolutionx's picture

First facebook price in Germany, Frankfurt at over 70$ / 65 Euro!

 

Watch live shareprice here:

 

http://www.mmnews.de/index.php/boerse/10076-facebook-erste-kurse-bei-65-euro

Fri, 05/18/2012 - 10:37 | 2439707 Precious
Precious's picture

Human behavior can never change.  Tulip bulbs anyone?

Fri, 05/18/2012 - 10:39 | 2439718 dogbreath100
dogbreath100's picture

Facebook IPO reminds me of the tulip craze in Amsterdam. It will end badly.

Fri, 05/18/2012 - 10:45 | 2439736 haskelslocal
haskelslocal's picture

I got a great idea. Lets create a Gateway that filters access to the internet while dumbing down your user experience and call it FB.

Fri, 05/18/2012 - 11:08 | 2439852 fuu
fuu's picture

Aka AOL?

Fri, 05/18/2012 - 10:49 | 2439752 fully_detached
fully_detached's picture

I know this is a stupid question but could someone explain to a noob how FB is trading in euros? Serious question, albeit probably a dumbass one.

Fri, 05/18/2012 - 11:06 | 2439840 NetDamage
NetDamage's picture

So Google has a P/E of roughly 19. Facebook 100. Googles ads transfers potential customers directly to a your store. Facebook ads makes someone hang out with your brand. Need I say more?   

Fri, 05/18/2012 - 11:15 | 2439904 mendigo
mendigo's picture

The "sigh" said it all.
Something wondeful will soon happen - meaning betwwen next 24 hours and 5 years. Third time should do it I would think.
Or are we at the dawn of the "virtual age" - real stuff has little value.

Fri, 05/18/2012 - 11:15 | 2439908 Downtoolong
Downtoolong's picture

Oh my god, Duke & Duke are trying to corner the market. Only this time the Crop  Report is full of Crop Circles. TURN THOSE MACHINES OFF!

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