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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 | Link to Comment midgetrannyporn
midgetrannyporn's picture

pets.com

Fri, 05/18/2012 - 09:52 | Link to Comment Aziz
Aziz's picture

I think I just pissed myself laughing.

Fri, 05/18/2012 - 09:53 | Link to Comment Ratscam
Ratscam's picture

Friday afternoon humor

Fri, 05/18/2012 - 09:55 | Link to Comment malikai
malikai's picture

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

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

The world doesn't make sense to me anymore.

Fri, 05/18/2012 - 09:58 | Link to Comment Harlequin001
Harlequin001's picture

WTF?

Fri, 05/18/2012 - 09:59 | Link to Comment 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 | Link to Comment redpill
redpill's picture

Tyler, that would be, "le sigh"

Fri, 05/18/2012 - 10:03 | Link to Comment toady
toady's picture

€50000?

SELL SELL SELL!

Fri, 05/18/2012 - 10:07 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment rosiescenario
rosiescenario's picture

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

Fri, 05/18/2012 - 10:07 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

 

Bob Pisani just soiled himself with joy.

Fri, 05/18/2012 - 10:13 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bay of Pigs
Bay of Pigs's picture

No, WAY UP

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

I fucken love you MDB! LOL

Fri, 05/18/2012 - 10:02 | Link to Comment 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 | Link to Comment 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 | Link to Comment jomama
jomama's picture

you fail at making jokes.

Fri, 05/18/2012 - 11:54 | Link to Comment snakeboat
snakeboat's picture

aww cmon, he's OUR anti-hero!

Fri, 05/18/2012 - 10:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment Chaffinch
Chaffinch's picture

You're back on form MDB!

Internet Giants!

Priceless! (well, almost...)

; )

Fri, 05/18/2012 - 11:00 | Link to Comment 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 | Link to Comment jekyll island
jekyll island's picture

Retail investors are muppet bait.  

Fri, 05/18/2012 - 10:24 | Link to Comment 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 | Link to Comment clones2
clones2's picture

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

Fri, 05/18/2012 - 09:58 | Link to Comment 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 | Link to Comment masterinchancery
masterinchancery's picture

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

Fri, 05/18/2012 - 09:59 | Link to Comment Manthong
Manthong's picture

You can't make this stuff up,

Fri, 05/18/2012 - 10:08 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment stocktivity
stocktivity's picture

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

Fri, 05/18/2012 - 10:02 | Link to Comment 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 | Link to Comment CH1
CH1's picture

tricked out email

More like a stalking service.

Fri, 05/18/2012 - 11:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment bonddude
bonddude's picture

Webvan

Fri, 05/18/2012 - 09:51 | Link to Comment slaughterer
slaughterer's picture

Off to a good start...

Fri, 05/18/2012 - 09:51 | Link to Comment ShortTheUS
ShortTheUS's picture

BULLISH!

Fri, 05/18/2012 - 10:25 | Link to Comment 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 | Link to Comment quartshort
quartshort's picture

FaceFlop for the win.

Fri, 05/18/2012 - 09:51 | Link to Comment francis_sawyer
francis_sawyer's picture

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

Fri, 05/18/2012 - 10:04 | Link to Comment EscapeKey
EscapeKey's picture

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

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

Sounds like a bargain.

Fri, 05/18/2012 - 09:52 | Link to Comment Badabing
Badabing's picture

Lovit

Fri, 05/18/2012 - 10:06 | Link to Comment toady
toady's picture

Lyle?

Fri, 05/18/2012 - 09:52 | Link to Comment Quintus
Quintus's picture

But the markets aren't broken, right? 

Fri, 05/18/2012 - 09:57 | Link to Comment 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 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

WTF.   Did they merge tickers with Berkshire?

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

Will they take a VISA card?

Fri, 05/18/2012 - 09:57 | Link to Comment Roland99
Roland99's picture

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

 

Fri, 05/18/2012 - 09:53 | Link to Comment catacl1sm
catacl1sm's picture

Get in while the gettin's good.

Fri, 05/18/2012 - 09:54 | Link to Comment dwdollar
dwdollar's picture

LOL...

Fri, 05/18/2012 - 09:54 | Link to Comment 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 | Link to Comment 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 | Link to Comment fuu
fuu's picture

BATS is a dirty dirty whore.

Fri, 05/18/2012 - 09:55 | Link to Comment 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 | Link to Comment RopeADope
RopeADope's picture

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

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

markets working efficiently

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

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

Fri, 05/18/2012 - 09:55 | Link to Comment ghengis86
ghengis86's picture

I picked a bad day to quit sniffing glue

Fri, 05/18/2012 - 09:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment Vince Clortho
Vince Clortho's picture

Missed my chance to get in at 40,000

Fri, 05/18/2012 - 10:10 | Link to Comment Zgangsta
Zgangsta's picture

Still less than a share of Berkshire Hathoway...

Fri, 05/18/2012 - 09:56 | Link to Comment 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 | Link to Comment postafoa02
postafoa02's picture

lol.

Fri, 05/18/2012 - 09:56 | Link to Comment fuu
fuu's picture

Short from 50,000 bitchez!

<snark>

Fri, 05/18/2012 - 09:57 | Link to Comment GolfHatesMe
GolfHatesMe's picture

might be inclined to short it at that level

Fri, 05/18/2012 - 09:57 | Link to Comment bdc63
bdc63's picture

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

Fri, 05/18/2012 - 09:57 | Link to Comment Cursive
Cursive's picture

This has turned into Terminator: Rise of the Machines.

Fri, 05/18/2012 - 09:57 | Link to Comment 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 | Link to Comment Cole Younger
Cole Younger's picture

LOL...

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

Alas - no way to vote for hilarious.

Fri, 05/18/2012 - 09:59 | Link to Comment DaBernank
DaBernank's picture

$FB = theglobe.com

Fri, 05/18/2012 - 10:00 | Link to Comment 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 | Link to Comment q99x2
q99x2's picture

You articled my funny bone with that one.

Fri, 05/18/2012 - 10:02 | Link to Comment 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 | Link to Comment buryfarmer
buryfarmer's picture

100 trillion?  though it was billion?  somebody explain please

Fri, 05/18/2012 - 10:06 | Link to Comment Zgangsta
Zgangsta's picture

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

Fri, 05/18/2012 - 10:03 | Link to Comment fireangelmaverick
fireangelmaverick's picture

That is known as Biriyni's orgasm.

Fri, 05/18/2012 - 10:03 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment dwdollar
dwdollar's picture

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

Fri, 05/18/2012 - 10:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Catullus
Catullus's picture

You're the product, not the customer.

Fri, 05/18/2012 - 10:07 | Link to Comment 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 | Link to Comment moonstears
moonstears's picture

in 15 days, mark the calender.

Fri, 05/18/2012 - 10:07 | Link to Comment 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 | Link to Comment sudzee
Fri, 05/18/2012 - 10:08 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SelfGov
SelfGov's picture

*like*

Fri, 05/18/2012 - 10:13 | Link to Comment BandGap
BandGap's picture

Quantum mechanically anything is possible.

Fri, 05/18/2012 - 10:15 | Link to Comment 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 | Link to Comment Steve Evets
Steve Evets's picture

SEC investigation finds deeR & lleddaW responsible

Fri, 05/18/2012 - 10:24 | Link to Comment juwes
juwes's picture

oy vey!

Fri, 05/18/2012 - 10:26 | Link to Comment hankwil74
hankwil74's picture

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

Fri, 05/18/2012 - 10:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Precious
Precious's picture

Human behavior can never change.  Tulip bulbs anyone?

Fri, 05/18/2012 - 10:39 | Link to Comment dogbreath100
dogbreath100's picture

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

Fri, 05/18/2012 - 10:45 | Link to Comment 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 | Link to Comment fuu
fuu's picture

Aka AOL?

Fri, 05/18/2012 - 10:49 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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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