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Facebook Slide Continues Even As US Market Closed

Tyler Durden's picture


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


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Mon, 05/28/2012 - 12:31 | 2469486 junkyardjack
junkyardjack's picture

Don't worry they are going to buy a browser and come out with a phone.  Problem solved....

Mon, 05/28/2012 - 12:33 | 2469493 djsmps
djsmps's picture

A couple of weeks after paying a ridiculous sum for a browser, they will debut their new browser app.

Mon, 05/28/2012 - 12:35 | 2469502 cbxer55
cbxer55's picture

An app a day keeps the moonbats at bay!

Mon, 05/28/2012 - 12:57 | 2469560 Ahmeexnal
Ahmeexnal's picture

If they want an off the chart reading, they should come up with a bullshit detector app.


edit: Holy crap, they already did:

Mon, 05/28/2012 - 14:57 | 2469833 derek_vineyard
derek_vineyard's picture

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


Tue, 05/29/2012 - 06:42 | 2470994 Harlequin001
Harlequin001's picture

It's looking good for a bounce... eventually...

Isn't this a penny stock yet?

Mon, 05/28/2012 - 18:22 | 2470244 Al Gorerhythm
Al Gorerhythm's picture

Planet of the apps.

Mon, 05/28/2012 - 12:53 | 2469550 Id fight Gandhi
Id fight Gandhi's picture

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.

Mon, 05/28/2012 - 14:34 | 2469812 Temporalist
Temporalist's picture

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.

Mon, 05/28/2012 - 15:02 | 2469873 vast-dom
vast-dom's picture

$28.99 immanent. 

Mon, 05/28/2012 - 16:20 | 2470043 Max Fischer
Max Fischer's picture



I tried to post an image of FB's 2 week chart over on MarketWatch, but they wouldn't allow images of rape.


Mon, 05/28/2012 - 16:54 | 2470101 CPL
CPL's picture

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.

Mon, 05/28/2012 - 22:21 | 2470628 Tijuana Donkey Show
Tijuana Donkey Show's picture

That was the first comment that I gave you an up. But, they are right about the corpse fucking...

Mon, 05/28/2012 - 15:03 | 2469875 Freewheelin Franklin
Freewheelin Franklin's picture

Just as long as they don't buy the Tor browser.

Mon, 05/28/2012 - 17:06 | 2470125 CPL
CPL's picture

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'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.

Mon, 05/28/2012 - 19:44 | 2470372 Freewheelin Franklin
Freewheelin Franklin's picture

Is there another way to get on Silk Road that I am unaware of?

Thu, 05/31/2012 - 07:56 | 2478703 CPL
CPL's picture

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.

Mon, 05/28/2012 - 15:35 | 2469961 CCanuck
CCanuck's picture

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!


Mon, 05/28/2012 - 15:59 | 2470006 The Fonz...befo...
The Fonz...before shark jump's picture

Haha yes hardware margins that's where it's at..forget writing code..making all the right's obvious sucker burg doesn't have a real growth strategy to implement..well at least one that won't result in massive losses

Mon, 05/28/2012 - 12:32 | 2469490 francis_sawyer
francis_sawyer's picture

Can't get [raped by] enough of a good thing...

Mon, 05/28/2012 - 13:25 | 2469624 q99x2
q99x2's picture

First thing I did when rape was first explained to me was to look for women that might commit such and act.

Mon, 05/28/2012 - 18:13 | 2470203 francis_sawyer
francis_sawyer's picture

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!



Mon, 05/28/2012 - 12:36 | 2469504 The Alarmist
The Alarmist's picture

Don't you hate it when Harvard grads screw other Harvard grads?

Mon, 05/28/2012 - 12:43 | 2469526 ihedgemyhedges
ihedgemyhedges's picture

As long as they don't make a video of it, I'm good.................

Tue, 05/29/2012 - 00:00 | 2470741 ToNYC
ToNYC's picture

That's Mark Zuckandburned for you.

Mon, 05/28/2012 - 12:36 | 2469506 veyron
veyron's picture

will the bundesbank have to prop FB now?

Mon, 05/28/2012 - 12:37 | 2469509 chrispycrunch
chrispycrunch's picture

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.


Mon, 05/28/2012 - 12:53 | 2469552 LawsofPhysics
LawsofPhysics's picture

That reminds me, how soon before there is a "drone app" to target any phone location?  Oh wait,  nevermind...

Mon, 05/28/2012 - 15:31 | 2469948 Zero Govt
Zero Govt's picture

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)

Mon, 05/28/2012 - 12:39 | 2469512 LongSoupLine
LongSoupLine's picture

About face(book)

Mon, 05/28/2012 - 12:48 | 2469534 Bay of Pigs
Bay of Pigs's picture

where's that 20 handle anyway?

Mon, 05/28/2012 - 12:50 | 2469541 AC_Doctor
AC_Doctor's picture

The poor, ignorant investor has been Facellatioed!

Mon, 05/28/2012 - 12:57 | 2469567 Eclipse89
Eclipse89's picture

Facefucked, bitchez.

Mon, 05/28/2012 - 20:42 | 2470470 Drachma
Drachma's picture


Mon, 05/28/2012 - 12:53 | 2469551 Matt
Matt's picture

I hope it doesnt tank too hard before Puts are available tomorrow.

Mon, 05/28/2012 - 13:05 | 2469577 Beam Me Up Scotty
Beam Me Up Scotty's picture

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.

Mon, 05/28/2012 - 13:09 | 2469581 Landrew
Landrew's picture

@ 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?

Mon, 05/28/2012 - 13:03 | 2469574 Al Huxley
Al Huxley's picture

 'rumor has it Europe may open tomorrow again.' - good one, still laughing.

Mon, 05/28/2012 - 13:11 | 2469589 nudlee
nudlee's picture

me too, great one mr.T!

Mon, 05/28/2012 - 13:04 | 2469575 Jack Sheet
Jack Sheet's picture

I thought markets in GER were closed today -Whit Monday

Mon, 05/28/2012 - 13:10 | 2469584 vegas
vegas's picture

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.



Mon, 05/28/2012 - 13:16 | 2469604 LawsofPhysics
LawsofPhysics's picture

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.

Mon, 05/28/2012 - 13:10 | 2469585 monopoly
monopoly's picture

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.

Mon, 05/28/2012 - 13:16 | 2469605 Flounder
Flounder's picture

I haven't really been keeping up with this shit, but a "Buffy" phone?  "Zucker lusts for a phone to call his own." Huh?


Mon, 05/28/2012 - 13:32 | 2469642 I am Jobe
I am Jobe's picture

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.

Mon, 05/28/2012 - 14:36 | 2469818 Temporalist
Temporalist's picture


Mon, 05/28/2012 - 15:22 | 2469929 I am Jobe
I am Jobe's picture

Yeap, had a little too much Scotch when typing.

Mon, 05/28/2012 - 13:32 | 2469643 TrainWreck1
TrainWreck1's picture

Zuckerdog will bounce back from this, with a sure-thing: WinningBook!

Mon, 05/28/2012 - 13:33 | 2469644 Fix It Again Timmy
Fix It Again Timmy's picture

Facebook - when you build a Lead Zeppelin, what can you expect?

Mon, 05/28/2012 - 15:30 | 2469947 Spastica Rex
Spastica Rex's picture


Mon, 05/28/2012 - 13:56 | 2469700 Floodmaster
Floodmaster's picture

Sean Parker is the champion of this club of megalomaniac retards.

Mon, 05/28/2012 - 14:04 | 2469727 icanhasbailout
icanhasbailout's picture

I'm wagering on Bert and Ernie winning this knife catching competition.

Mon, 05/28/2012 - 14:15 | 2469760 Tinky
Tinky's picture

From Mark Cuban's blog:

" 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."

Mon, 05/28/2012 - 14:24 | 2469788 Hulk
Hulk's picture

Otherwise known as the "Leo trade" ...

Mon, 05/28/2012 - 14:31 | 2469804 junkyardjack
junkyardjack's picture

Must be a clown show coming to town...

Mon, 05/28/2012 - 14:39 | 2469824 hack3434
hack3434's picture

What a  douche...

Mon, 05/28/2012 - 15:06 | 2469885 EclecticParrot
EclecticParrot's picture

Ah, so that explains the plunge on the German exchange -- Dirk Nowitzki, who knows Cuban's limitations, is heavily shorting ...

Mon, 05/28/2012 - 14:36 | 2469816 mendigo
mendigo's picture

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.

Mon, 05/28/2012 - 14:41 | 2469832 el Gallinazo
el Gallinazo's picture

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.,19753/

Hey, give them credit.  They were able to pull off a huge 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 :-)

Mon, 05/28/2012 - 16:19 | 2469930 Winston Smith 2009
Winston Smith 2009's picture

"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.,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

I guess that makes my musical tastes dangerous:

Soundgarden - Blow Up The Outside World

Mon, 05/28/2012 - 20:15 | 2470428 el Gallinazo
el Gallinazo's picture

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.

Mon, 05/28/2012 - 14:54 | 2469856 Stuck on Zero
Stuck on Zero's picture

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 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.

Mon, 05/28/2012 - 15:45 | 2469975 mendigo
mendigo's picture

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.

Mon, 05/28/2012 - 22:33 | 2470656 Tijuana Donkey Show
Tijuana Donkey Show's picture

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. 

Tue, 05/29/2012 - 17:25 | 2473454 billsykes
billsykes's picture

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. 

Mon, 05/28/2012 - 14:57 | 2469865 Rastamon
Rastamon's picture

GOOD !!!


but..... what about JPM?

Mon, 05/28/2012 - 15:23 | 2469933 Metalredneck
Metalredneck's picture


Mon, 05/28/2012 - 15:21 | 2469927 Fix It Again Timmy
Fix It Again Timmy's picture

In the best of all possible worlds, I'm sure TP beats FB, not only in necessity but also in efficacy...

Mon, 05/28/2012 - 15:25 | 2469936 marriedgeordie
marriedgeordie's picture

Nice - started by stealing idea from a couple of goys, now fleecing both goys and chosen for billions.

Mon, 05/28/2012 - 15:31 | 2469954 max2205
max2205's picture


THE ticker may have to be shortened to



Mon, 05/28/2012 - 16:32 | 2470060 Downtoolong
Downtoolong's picture

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.

Mon, 05/28/2012 - 22:35 | 2470659 Tijuana Donkey Show
Tijuana Donkey Show's picture

I call the new company Faceon. 

Mon, 05/28/2012 - 17:45 | 2470182 lakecity55
lakecity55's picture

More evidence this is what freaked out the cannibal guy in Miami.

Mon, 05/28/2012 - 18:30 | 2470261 jmc8888
jmc8888's picture

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  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


Mon, 05/28/2012 - 19:14 | 2470309 Some Bloke
Some Bloke's picture

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? 

Mon, 05/28/2012 - 22:38 | 2470664 Tijuana Donkey Show
Tijuana Donkey Show's picture

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.

Mon, 05/28/2012 - 20:26 | 2470446 orangegeek
orangegeek's picture

NASDAQ100 is well positioned to slide this week too.


It's difficult for stocks to out perform indexes.

Tue, 05/29/2012 - 02:52 | 2470903 The Alarmist
The Alarmist's picture

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.

Tue, 05/29/2012 - 17:19 | 2473450 billsykes
billsykes's picture

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.



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