This page has been archived and commenting is disabled.
Facebook Slide Continues Even As US Market Closed
The market may be closed but that does not mean long, well, short-suffering FadeBoon longs get a respite: courtesy of FB's German tracking stock, it appears that the stock traded down another 1.7% during today's trading session. This shift (adjusted for the EURUSD) implies a 2.7% drop from Friday's USD day-session close and extends the after-hours rout that occurred. And in even worse news for FB bulls, rumor has it Europe may open tomorrow again.
The EUR24.935 close today (-1.7% in Germany) implies around USD31.05. FB closed at USD31.91 on Friday (and slipped after-hours to USD31.34) inferring that Germany's equity traders see FB trading down 2.7% from Friday's US day-session (and still down from the after-hours close)...
Chart: Bloomberg
»
- 13089 reads
- Printer-friendly version
- Send to friend
- advertisements -
Don't worry they are going to buy a browser and come out with a phone. Problem solved....
A couple of weeks after paying a ridiculous sum for a browser, they will debut their new browser app.
An app a day keeps the moonbats at bay!
If they want an off the chart reading, they should come up with a bullshit detector app.
edit: Holy crap, they already did: http://www.webtopia.com.au/iphone-apps/utilities/amazing-universal-detector
just assess $100 per user fee and they'll have a quick $90 billion
then make that a monthly charge and 1 tril per year revenue from subscriptions----so the market cap is possiblily zillions
It's looking good for a bounce... eventually...
Isn't this a penny stock yet?
Planet of the apps.
Yep, a half assed, crappy phone is what everyone is just jonesin' for. Good thing theres so little competition and high margins in that niche.
If FB had a brain they'd fix the apps on phones now. They're shit, and one of their reasons ad revenue is dropping off.
Don't get zucked.
Spent time with some people complaining about how fragile their CrApple products were, 3 broken phones, 2 pads, macs, shuffles, pods. Me "I had one phone break and fixed it myself." Never bought an apple gizmo. They can't wait to spend more on Apples. Oh and they also complain about Siri but I guess having pretend friends on FacePlant is not as good as having a pretend friend on your phone.
$28.99 immanent.
I tried to post an image of FB's 2 week chart over on MarketWatch, but they wouldn't allow images of rape.
MF
Rape would imply that the patient was alive to begin with.
I'm viewing FB as necrophilia, the body was DOA, yet people keep trying to get fucked by it.
That was the first comment that I gave you an up. But, they are right about the corpse fucking...
Just as long as they don't buy the Tor browser.
Tor = Old and Busted, technology that attempts rebuild a piece of granite from the gravel in a parking lot. Very slow and there are holes in the anonymity of it after some exploits were revealed. Plus it can be REAAAALLLY slow.
I2P = New Hawtnez. Better hiding online by technology that doesn't bother rebuilding the mountain, instead considers each piece of the original as a single object, much faster and completely befuddling to eyes, human or electronic. Designed to take in locations and shit out fractals that are exchanged with the closest neightbour...but like the cat in the box as well...it'll skip around.
I'm sure an exploit will be developed eventually for it. But it's the new online armour afaic. Plus it's slightly more ungeekified, unlike it's TOR counterpart, which when misconfigured is completely pointless as a defence mechanism. I2P has taken the annoyances out because of the nature of how it works. It's easier to make a mess than remake the world. It's a rather awesome piece of Computer Programming Architecture and Engineering.
Is there another way to get on Silk Road that I am unaware of?
The silkroad is on there, don't know the address though under I2P. It's a part of the deep web I tend to avoid because it's heavily monitored and I'm not a big fan of the idea of an eBay of the illicit. Most of the good stuff is located in the BBSes that hide under TOR. Funnyily enough running Amiga's Citadel BBS variations.
There is enough rotten stuff out there on the web. My interest is in the privacy aspect.
RIM for sale? Cheap! Crackberry & DoucheBook a marriage made on Wall St.
Wedding to be aired on NetFlixx....25% off pay-per-view coupons available @ GropeOn!
CC.
Haha yes hardware margins that's where it's at..forget writing code..making all the right moves...it's obvious sucker burg doesn't have a real growth strategy to implement..well at least one that won't result in massive losses
Can't get [raped by] enough of a good thing...
First thing I did when rape was first explained to me was to look for women that might commit such and act.
doesn't exist... EXCEPT ~ within the 'fight or flight' expression...
I guess A LOT of ZH'ers don't understand this (based on the junks)...
No problem.. A LOT of 'new age' ZH'ers don't have a fucking clue about anything... They fucking think this is a 'METRO' version of 'The View'...
~~~
NOTE: BE FUCKING CAREFUL PEOPLE... "ZH" has ben systematically infiltrated by legions of 'FOLKS' who, using their strategy of 'gang warfare', endeavor to subjucate the TRUTH (especially in the guise of a ALTER psy-ops personality)...
Believe me or don't believe me... YOU DECIDE... In an ULTIMATE DEMOCRACY ~ if it exists... francis_sawyer will abide by your resolution... (WHO KNOWS ~ I COULD BE WRONG... Send your complaints to 1600 Pennsylvania Ave... Because I'm sure, between putts, the Teleprompter In Chief will be sure to address your concerns (as well as close GITMO, End Iraq & Afghanistan wars, put asunder the banking elite, & give you FREE & UNFETTERED Healthcare (with his right hand), while he's stroking the left handed putt into the hole...
GOD Bless America!... GODDAMMIT!
Don't you hate it when Harvard grads screw other Harvard grads?
As long as they don't make a video of it, I'm good.................
That's Mark Zuckandburned for you.
will the bundesbank have to prop FB now?
Bringing back browser wars retro-style and making phones, poaching Apple engineers. It'll work. Viewing ads and getting tracked on a phone targetted towards phone users who can't afford a phone will work. It'll work.
That reminds me, how soon before there is a "drone app" to target any phone location? Oh wait, nevermind...
the only 'technicians' FacsistBot will be able to poach from Apple are their janitors
..but only if they offer them twice the cash and tax status in Singapore like all the other FB Execs (which should tip the tax revenue balance and finish off those parasites in Washington)
About face(book)
where's that 20 handle anyway?
The poor, ignorant investor has been Facellatioed!
Facefucked, bitchez.
MyTubeFace
I hope it doesnt tank too hard before Puts are available tomorrow.
I was thinking the exact same thing.....and some FAZ calls I think to boot, maybe Oct or Nov? Theres got to be a market shit storm coming sooner or later. Plus, Congress is on the hook for Taxmageddon, and they will wait until the last possible nanosecond to pass anything related to that.
@ or near the money options on either side will be so rich which makes zero profits. Far out of the money is a loser over time. In order to make any money out of @ the money puts buy them after a big cover ralley back to 31?
'rumor has it Europe may open tomorrow again.' - good one, still laughing.
me too, great one mr.T!
I thought markets in GER were closed today -Whit Monday
They should develop an app for every 20-something so that they could get up to the second details on what they owe on their student loans - put 'em on your FB page so that the whole fucking world knows just how broke you are and everybody can LMAO at just how fast interest and pricipal are piling up - your very own national debt clock.
I'd even get an account and log in just to see how fucked up some of you noobs are. I can see it now; BS sociology - Berkely - and then a clock on the 200K debt clicking along - WTF awesome.
htpp://vegasxau.blogspot.com
That is a great idea. I'll know what engineers are the most in debt before I hire them. A 24-hour accessible list of the biggest, most "educated", debt slaves for hire. That is bloody brilliant.
Yes, but what I am waiting for is when Tyler posts that "Rumor has it that Europe WILL NOT open tomorrow. That.....will be the beginning of the end game.
I haven't really been keeping up with this shit, but a "Buffy" phone? "Zucker lusts for a phone to call his own." Huh?
http://www.dailytech.com/Report+Facebook+to+Launch+Phone+By+Next+Year+Ey...
Farbook should show organic growth by posting dead people as the numerb of folks using Fartbook. Pathetic, all that hype of jobs they will create etc, a big fucking hoax.
Farcebook?
Yeap, had a little too much Scotch when typing.
Zuckerdog will bounce back from this, with a sure-thing: WinningBook!
Facebook - when you build a Lead Zeppelin, what can you expect?
"Kashmir."
Kashmir! (is there any musical style The Zep couldn't do?)
Sean Parker is the champion of this club of megalomaniac retards.
I'm wagering on Bert and Ernie winning this knife catching competition.
From Mark Cuban's blog:
"...in the interest of disclosure I bought 150k shares of FB. 50k shares at 33, 50k shares at 31.97 and 50k shares around 32.50. Its a trade, not an investment. Kind of like buying a Mickey Mantle, a Hank Aaron and a Barry Bonds Rookie Card knowing there is a card show in town next week."
Otherwise known as the "Leo trade" ...
Must be a clown show coming to town...
What a douche...
Ah, so that explains the plunge on the German exchange -- Dirk Nowitzki, who knows Cuban's limitations, is heavily shorting ...
So predictable - aquire something, anything and talk synergy.
No doubt these new products will be cutting edge made by quality companies which are recognized winners not yardsale crap.
Hey, FB isn't going to collapse even if its stock drops to $2. This was an equity offering not a debt offering. Zuckerberg just emptied the muppets´pockets. As Reggie Middleton has pointed out, FB doesn't have much capacity to generate profits, so it was past time to use the hype to pull in the cash. The global intelligence networks wouldn't let it collapse anyway since it is so useful for muppet data mining as The Onion has so humorously pointed out.
http://www.theonion.com/video/cias-facebook-program-dramatically-cut-agencys-cos,19753/
Hey, give them credit. They were able to pull off a huge dot.com scam only 11 years after the last one collapsed. Common "wisdom" says that this takes three generations until the geezers who remember die off. Must be the fluoride in the water :-)
"The global intelligence networks wouldn't let it collapse anyway since it is so useful for muppet data mining as The Onion has so humorously pointed out.
http://www.theonion.com/video/cias-facebook-program-dramatically-cut-agencys-cos,19753/"
Funny, but true. Except it would be the FBI and state and local police and not the CIA using it for data mining in the US. Theoretically... The NSA? Who knows for sure any more besides them? Certainly not CONgress.
One thing is for certain. The ignorant sheep don't realize the significance of it because of their "I'm not doing anything wrong" rationalization.
And here's a report on how true that Onion video actually is:
The Words Federal Agents Are Looking For On Your Facebook Page Will Surprise You
http://www.businessinsider.com/youll-be-surprised-by-the-words-dhs-agent...
I guess that makes my musical tastes dangerous:
Soundgarden - Blow Up The Outside World
http://www.youtube.com/watch?v=sC2GjXMk7i4
What the "ignorant sheep" don't realize is that the elites, in the immortal words of Nobel Peace Prize laureate Henry Kissinger, believe that we have too many "useless eaters" on this planet, and they intend to remedy that problem. The informed citizen has two choices: either he can become a conspiracy theorist or a coincidence theorist.
Normally, Wall Street wouldn't drag out an IPO without a few months worth of startling, market-making press releases. Google did. With all the loads of cash from the IPO and vast number of overvalued shares to work with there should be an acquisition of "value" every week. Examples would be:
Facebook buys Yahoo.
Facebook announces purchase of Nokia.
Facebook launches new drive into cloud computing.
Facebook buys Time-Warner so users can get up-to date news and media.
Facebook buys Match.com to pro-actively pair friends.
Facebook starts new mobile division.
Facebook sues Microsoft for patent infringement.
...
You get the idea. The only reason this is not happening is Zuckerburg is ignorant and his handlers are fools.
OMG that is so on the mark.
If it were only dumb money buying that crap you could find humor in it. But the funds will keep that flea circus going ad nauseum.
You forgot how the Facebook-Yahoo-Nokia-Time-Warner-Match merger would be shop vac'd out of the market's uterus as a high priced abortion as no one has the skills to merge those companies into a single, focused company. Satan himself wouldn't take that on, it would be too hard, and you can't polish a turd. All of those companies are cooling turds waiting to swirl down the drain. Has any of them seen growth, focus, or real management? Nope. Nokia bet the farm on...... Microsoft? Fuck you, Microsoft hasn't had a hit since Balmer hit a retarded kid with his car, and even the retard has a Mac. Yahoo? Fuck you, it's Yahoo. Time Warner? Time Warner=Network trading at 25% less the cost of building out broadband. What about their media assets? Fuck you, their pirated everywhere, and the stupid fucks in management keep anyone from using them until its too late. How about you add RIMM in, so that you can just fall down the stairs to abort this market listing. If they buy RIMM, I'm just going to drink myself to death on my porch, as the apocolypse is going to happen any second, and I can lie better drunk that sober.
or Fuck book buys Rim.
Or buy a company that makes some type of semi pertinent rectal monitoring hardware that updates a FB specific vital statistics. Job loss status update, Elevated cortisol, adrenaline, coupled with applied for firearms license..... you could have a government/FB pre face crime division.
GOOD !!!
but..... what about JPM?
Facemuppets?
In the best of all possible worlds, I'm sure TP beats FB, not only in necessity but also in efficacy...
Nice - started by stealing idea from a couple of goys, now fleecing both goys and chosen for billions.
FaceIBMPCLGOOGCRMCMG.
THE ticker may have to be shortened to
Fbro
FUCKBRO
I hear Groupon is collaborating with FB to offer a 50% off coupon for a FB share for every share you get one of your FB friends to buy at full price.
I call the new company Faceon.
More evidence this is what freaked out the cannibal guy in Miami.
Isn't it great that they got all this scratch from going public that they didn't deserve. Now that the overinflated amount of easy sheeple money has come, they'll surely see it go. Misallocation folks, this is another case of what it looks like. Their company is already valued like the hyperinflation is already here.
They're going to try to buy a relatively clean, uncompromised browser, and once it sells out, people will switch AND whoever doesn't leave will be using a browser they'll no doubt bloat up? What is so needed about having browser integration with facebook? Oh I see, so that everyones home page is facebook.com? Makes it easier for the young people who don't get or understand computers? Gotta increase those page views the natural away and obfuscate the numbers a little. It's not like people need to use a browser owned by facebook to access it.
They put out their own apps, but Sucker buys instagram for a few hundred percent over value for what reason? Who knows what idiot web/app purchases they'll engage in next.
All cell phones are becoming pretty much standardized, margins are dropping, and competition is high. Hell even cricket and the low cost carriers have phones that rival iPhones. Hell any android phone these days does. Apple's iPhone in the coming years will have some serious price pressure as iPhone quality phones or better will undercut them massively. Also SIRI which is a temporary software advantage will become copied...maybe without the collection data that is hurting their image. So Facebook wants to enter this market? Super high margins and little competition the reason? What are they going to only allow facebook apps to be able to access facebook that needs to be on a facebook phone? Not only would that be a scumbag move, it would also be shooting itself in the foot. If not, what does it really bring?
What else besides cell phones would they consider once they got their foot in the manufacturing door? Probably trinkets that utilize the 'internet of things'. Maybe eReaders, iPad types, etc?
It seems facebook is just trying to become mostly a 'brand name', a banner to float everything that is already being done? Why not Facebook cereal? Facebook toilet paper (hopefully with Suckers face quilted on)? That's the shit ticket to prosperity.
Making facebook a brand name is the plan? Have they seen the poll results of whether or not people trust Facebook? A few more months it seems and Marlboro will have a better 'brand name'. Crowding themselves into other crowded spaces?
This guy is supposed to be a genius? A visionary for the future? A shining example for his generation? He's accomplished jack shit in terms of actual importance. Hey not everyone needs to, but man does this guy get stroked like he's just parted the red seas.
His company is of no real importence. There is no real business model.
In the end all your Cell phones/Browsers/Netflix/Steam/Amazon/eBay/personal information (home & on the go)/other trash belongs to us. Just think of the synergies. Think of what a great American company it'll be creating millions of manufacturing jobs in China for copies of other people's business models. But hey THEY don't have facebook, so how can THEY compete! :Barf
Glass-Steagall
I lasted about 6 weeks on Pedofilebook, that was my time frame for all my ex's to search me down and get me in the sack, and when that didn't happen, I faced the fact that I was a dud and logged off for good.
But since the IPO, I'm suddenly getting daily emails from Facebook telling me such-and-such left a message and wants to be my friend. I haven't been on it for 2 years. How bloody desperate are they to boost the user numbers?
Wait what? Why didn't you add some rolled bills to their ham wallet? If thats not the definiton of a free lunch, what is? It's sit-on-myfacebook right? Tell these skanks to friend shaved bush, and your golden.
NASDAQ100 is well positioned to slide this week too.
http://bullandbearmash.com/index/nasdaq/weekly/
It's difficult for stocks to out perform indexes.
Maybe they just need a management simulation game that let's users pay for the privilege to assume various employee and management roles and engage in a quest where performing employment and management tasks to build a business wins them points and promotions. Let the users run Facebook and pay for the privilege.
I think a 14-16x p/e is safe or a 14-16b mkt cap with a share price in and around $7.50 is reasonable. They have already lost 40 years of profit via market cap- like to 2052 @ 1b profit a yr.
I am going to try and call it- I see $14.60-$18 sometime this yr. (I would like it lower but I don't know if the market will let it)
They should have priced this as a bargain and let the stock go up- but.... bankers were involved and I don't see the premise as totally sound.