This page has been archived and commenting is disabled.


Tyler Durden's picture


Forget that S&P 500 e-mini futures plunged to four-month lows at 1290; or Treasury yields crashed back to their record lows; or Gold and Silver's surge today; or WTI's plummet to almost a $90 handle; or Citi joining Morgan Stanley in the red year-to-date; or credit markets continuing into the red for the year; or IG9 10Y soaring further to 160bps - widest in 6 months; or VIX closing above 25% for the first time in 5 months (and decompressing to Europe's pain). Today was all about one thing - the disaster that was/is/and will be Facebook - between late openings, overwhelmed systems, a dump to the syndicate bid and almost 600mm shares traded with the syndicate just soaking it all up at $38.00 early and into the close. Is it any wonder that every other social media stock plunged and how do they expect to ever get another internet IPO off again (at anything but a massive discount). No matter what correlation trick was tried to juice markets today - for the tenth day-in-a-row markets saw a BTFD turn into a STFR. Not a pretty end to the ugliest week in six month for the S&P 500 as it nears its 200DMA into the close.


and (h/t Dennis Dick) for the following visual of the HFT tractor beam in FB...

And the massive dominance of the syndicate bid (as who else could it have been) is clear in this chart of the volume profile for today...with Facebook's VWAP perfectly at $40 by the close...


Morgan Stanley = Zuckerpunched



And the S&P 500 e-mini  futures SNAFU continues...


Utilities, Energy, and Materials are all now down YTD with Industrials close...


Gold had quite a week...

and longer-term stocks are catching up to risk-assets (proxied here by CONTEXT)...

And corporate bonds (dark red below) are now starting to get hit by the selling in the indices...

A quick run down of the day's events from Bloomberg TV:

Finally, this is what happens, Larry, when due to lack of real demand, you sell the second largest IPO in history to 25% retail, which has absolutely no idea how to trade a $100+ billion company and preserve the illusion of the ponz.

Charts: Bloomberg and Capital Context


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 05/18/2012 - 16:09 | 2441651 Ahmeexnal
Ahmeexnal's picture

Time to cancel your FB account.

Fri, 05/18/2012 - 16:11 | 2441659 walcott
walcott's picture

does aybody still have one?

Fri, 05/18/2012 - 16:20 | 2441715 uno
uno's picture

I have certainly seen the dumber people love to talk about facebook ad-nauseum.  It seems to be a way of communicating to people you do not want to ever call or email, from a business viewpoint I see it's usefulness, just not from the individual.

Fri, 05/18/2012 - 16:27 | 2441747 Mark Carney
Mark Carney's picture

WTF was with ZGNA today, lol.....

Fri, 05/18/2012 - 16:32 | 2441776 Money 4 Nothing
Money 4 Nothing's picture


Fri, 05/18/2012 - 16:46 | 2441839 The Gooch
The Gooch's picture

They bought the farmville.


Fri, 05/18/2012 - 16:52 | 2441861 walküre
walküre's picture

they SOLD the farm (ville) to buy FB

there fixed it for ya

Fri, 05/18/2012 - 16:55 | 2441874 Ahmeexnal
Ahmeexnal's picture

Japan facing extinction. Since Fukushima, birth rate has plummeted even more.

Fri, 05/18/2012 - 17:24 | 2441970 AldousHuxley
AldousHuxley's picture

Trading in Zynga was halted after shares dropped by 13 percent after Facebook began trading.


were hedge funds trying to short FB by shorting a similar online entertainment stock ZNGA ?

Fri, 05/18/2012 - 17:28 | 2441980 The Gooch
The Gooch's picture

Georgia guidestones part 1.

Part 2 (the final part) after the MF pools collapse...

General Electric "We bring great things to life!"



Fri, 05/18/2012 - 17:54 | 2442048 Not Too Important
Not Too Important's picture

Soon they won't have any kids.

And the article didn't include all the mutated babies that the doctors are killing. That'd be an interesting number.

At least the Soviets let them live. Go figure.

Caution: Very real shit. Hug your kids.

Fri, 05/18/2012 - 18:09 | 2442088 lakecity55
lakecity55's picture

Notice how info is hard to get on Japan?

I have to dig around to find it.

The accident at Oh-Shit_Shima may have been a lucky break for the authors of the Guidestones.

I think things are going to get weird as these govenments lose more of what what little credibility they have left.

Fri, 05/18/2012 - 18:01 | 2442066 HarryM
HarryM's picture

Major PoW-WoW at Camp David today

Expect coordinated action Monday A.M.

Obama will be twisting arms


Fri, 05/18/2012 - 18:35 | 2442159 gatorengineer
gatorengineer's picture

Obama the one-worlder socialist.  He has to keep it in his pants until after the election, he will have more flexibility then........

Fri, 05/18/2012 - 20:53 | 2442491 RiverRoad
RiverRoad's picture

And those arms'll all be giving him the finger.

Fri, 05/18/2012 - 20:01 | 2442377 Reptil
Reptil's picture

Got to keep the US sheeple ignorant: No mention of the Fukushima disaster or economic demise anywhere in that article.

One by one... And when they do notice, it'll be too late: No more healthy, intelligent offspring.

Fri, 05/18/2012 - 22:23 | 2442671 jeff montanye
jeff montanye's picture

not only that but it (fox) cites gov't stats that the fertility rate will be 1.35 in fifty years.  it is 1.21 now.

Fri, 05/18/2012 - 16:28 | 2441755 redpill
redpill's picture

Fadbook may be more appropriate.  Can't wait till some other college smarty comes up with the next big social networking hit that the broader herd of mouth-breathing humans can't stop themselves from obsessing over and Fadbook becomes a punchline in the history of teh interwebs.

Fri, 05/18/2012 - 16:42 | 2441820 Normalcy Bias
Normalcy Bias's picture

Methinks Pinterest will be the next over-hyped tech-turd...

Fri, 05/18/2012 - 17:08 | 2441922 Abitdodgie
Abitdodgie's picture

You know some people have all the luck , take MDB for example he bought 300 shares through his trader at "whatever the price" and he has made a killing he can proudly tell his children what a good investment Faceplant was .

Fri, 05/18/2012 - 17:27 | 2441979 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

Unemployed Book

Fri, 05/18/2012 - 20:56 | 2442494 RiverRoad
RiverRoad's picture

Facebook works for junior high school kids.  And how much money have they got to spend?

Fri, 05/18/2012 - 16:22 | 2441724 Vincent Vega
Vincent Vega's picture

A few years ago I joined Facebook. I stayed with it less than a week. Yes, I did hear from a few folks I was glad to reconnect with. But I also got a few hits from people looking for a handout. I could care less if this pos goes down the crapper.

Fri, 05/18/2012 - 16:29 | 2441762 unununium
unununium's picture

<ring> <ring>


<autodial pause> "Hi Mr. Muppet!  This is Jeff at Morgan Stanley.  Good news.  I was able to get your facebook allocation after all!  Can I put you down for a thousand shares?"

Fri, 05/18/2012 - 17:28 | 2441981 Silver Bully
Silver Bully's picture

Why does this remind of more than one scene from Boiler Room? Why?

Fri, 05/18/2012 - 22:24 | 2442673 palmereldritch
palmereldritch's picture

JPM,'s been quite a week.

So who's the next to get their ass handed to them?

Fri, 05/18/2012 - 16:30 | 2441771 midtowng
midtowng's picture

FB is a good way to share pictures with people you rarely see. It's also a place where all the kids are, so you can find them here. Other than that it seems to be a waste of time.

But the kids love it. they can't get enough of it.

Fri, 05/18/2012 - 16:38 | 2441799 delacroix
delacroix's picture

the problem is, the kids don't have any money, that's why they spend their time on facebook.

Fri, 05/18/2012 - 17:04 | 2441909 dark pools of soros
dark pools of soros's picture

which shows increasing their revenue stream is a pipedream.   currently they are a 40 cent stock but wish to be $40 with their 100 P/E



Fri, 05/18/2012 - 17:42 | 2442020 AldousHuxley
AldousHuxley's picture

How much would government, NSA, CIA, FBI, russian KGB, north korean military, Chinese military, Iranian military, etc. have to pay you for you to disclose:

  1. Your friends names, pictures, IP address, quality of relationship, and all communication
  2. Your family names, pictures and IP address, quality of relationship and all communication
  3. Yourself name, picture, and IP address, and all communication


Multiple that figure by number of suckers who sign up for a credit card for a junket.




Fri, 05/18/2012 - 18:47 | 2442193 Jake88
Jake88's picture

does that help them make money?

Fri, 05/18/2012 - 16:38 | 2441801 Vincent Vega
Vincent Vega's picture

Obviously many people find benefit with FB. I didn't. If I have pics I want someone to see then I just email them. As for 'it's a place where all the kids are'...that's another potential problem I see with all the creeps out there and the readily accessible info. Just my opinion.

Fri, 05/18/2012 - 16:40 | 2441812 Agent P
Agent P's picture

Parents are there too, which is why the kids will eventually abandon it.

Fri, 05/18/2012 - 16:57 | 2441880 bdc63
bdc63's picture

at some point, facebook becomes very uncool ... not there yet (if my 14 year old niece is any indication), but it can't be too far off ...

Fri, 05/18/2012 - 19:41 | 2442323 Trimmed Hedge
Trimmed Hedge's picture

It's full of older adults & corporations.

Been that way for a couple years now.

FB is way past the point of "being cool" in the eyes of the youth.

Hence, the IPO...

And now? It's a publicly-traded company that needs to make $$$ -- sending its "cool" status even further down the totem pole.

Fri, 05/18/2012 - 17:06 | 2441915 11b40
11b40's picture

I have had a FB account for at least 2 years....and have exactly the same number of "friends" as when I started --- one.  Signed up to keep up with my son on the West Coast & he is the only person I commune with.

He, on the other hand, has almost 1500 "friends". 

Fri, 05/18/2012 - 17:23 | 2441967 i_call_you_my_base
i_call_you_my_base's picture

Facebook is just a piece of software that proves to you that you actually don't really like the people you know.

Fri, 05/18/2012 - 19:01 | 2442227 The Boognish
The Boognish's picture

No shit! That is dead on.

Fri, 05/18/2012 - 16:34 | 2441784 machinegear
machinegear's picture

I've worked in IT for 12 years and I still don't know WTF FB is all about. What a worthless piece of...

Fri, 05/18/2012 - 16:53 | 2441869 El Tuco
El Tuco's picture

It's about the guberment mining all the info and pictures it possibly can and creating massive databases storing all that info in your personal file for future reference.


Fri, 05/18/2012 - 17:13 | 2441931 Winston Smith 2009
Winston Smith 2009's picture

It's all about wasting time on gossip and superficial socializing, the same sort of crap that when done via cell phones and texting results in you sitting behind some moron at a green light or turn arrow for 50% of its duration... or until you honk.

Fri, 05/18/2012 - 18:01 | 2442064 WonderDawg
WonderDawg's picture

Car in front of me at a light gets a three count before a courtesy honk. Another three count and if they still don't move they get the prolonged honk with angry hand gestures.

Fri, 05/18/2012 - 17:03 | 2441905 max2205
max2205's picture

FB TO $100. Suck head will be the 1st trillionaire

Sat, 05/19/2012 - 00:02 | 2442798 emersonreturn
emersonreturn's picture


Fri, 05/18/2012 - 16:13 | 2441675 Silver Bug
Silver Bug's picture

Facebook was an EPIC FAIL today. Gold was up! Don't hear the mainstream media talking about this.

Fri, 05/18/2012 - 16:23 | 2441727 Winston Smith 2009
Winston Smith 2009's picture

Would a Facialbook be more profitable?

Fri, 05/18/2012 - 16:38 | 2441797 ebworthen
ebworthen's picture

Currently a skin care site; yes, XXX Facialbook would make much more profit than either.

Fri, 05/18/2012 - 16:52 | 2441862 WillyGroper
WillyGroper's picture

Perhaps face lift book might drive a business model.

Fri, 05/18/2012 - 16:26 | 2441743 BLOTTO
BLOTTO's picture

Yup - FB IPO = Epic Fail.

And no way 'they' - the pc algo's or whatever dark force is at work - was the FB IPO share going to go under $38 - not even one single penny. Psychologically that would be devasting for FB.

And all the while Au/Ag made a nice recovery over the past 48 hours...all quiet and unassuming.

Illuminati controlled Main Stream Media interpretation of Gold is that it goes 1 step forward and 2 steps backward...

When the reality is - Gold is going 3 steps forward and 2 steps backward.


Fri, 05/18/2012 - 16:51 | 2441855 Freddie
Freddie's picture

Gold?!?  Barbaric relic.  Charlie Munger said gold is for uncivilized people.

We all need to love FaceBook/CIA/NSA, SkyNet, and the Vampire Squid.

Fri, 05/18/2012 - 16:16 | 2441688 NemoDeNovo
NemoDeNovo's picture

Well with GM withdrawing their AD $$$$$$$$ - WHO'S NEXT??????


FakeBook, Fed Book, Fail Book whatever...... Stick a FORK in em, they are DONE





Fri, 05/18/2012 - 16:22 | 2441721 John Law Lives
John Law Lives's picture

Creating a Facebook account and loading it up with gobs of personal data is (and always was) a bad idea.  There is no telling how long that data will be stored, who may access it, and how it may be used in the future.

Fri, 05/18/2012 - 16:27 | 2441751 fuu
fuu's picture

In the future all of FB will be in a torrent.

Fri, 05/18/2012 - 16:34 | 2441783 John Law Lives
John Law Lives's picture

This article (from July, 2010) really got my attention when it broke.  Alarming stuff re. FB accounts and torrent files...


Fri, 05/18/2012 - 16:40 | 2441807 fuu
fuu's picture

It will only get worse.

Fri, 05/18/2012 - 16:43 | 2441822 John Law Lives
John Law Lives's picture

FB has compiled a massive amount of personal info. on hundreds of millions of willing users.  That amount of personal data will prove irresistable to people in power (imho).

Fri, 05/18/2012 - 17:00 | 2441896 DaveyJones
DaveyJones's picture

I think we were saying this a few weeks ago. We should all open an account an put total bullshit about ourselves, our family, our "preferences" fake photos, just anything to screw up the database. 

Fri, 05/18/2012 - 17:25 | 2441972 John Law Lives
John Law Lives's picture

Interesting notion...


Fri, 05/18/2012 - 17:36 | 2442007 Nugents Bastard
Nugents Bastard's picture

Indeed.  If you post enough bullshit vacation pictures, monday-morning sad face emoticons, and random inspirational quotes on your wall, the government will never suspect that you are stockpiling gold and guns in a secret underground fortress.

Guess I'd better go update my status.  /sigh lolz

Fri, 05/18/2012 - 16:26 | 2441746 The Gooch
The Gooch's picture

You can't "cancel" a FLATbook account. You can only "cancel" the ability for others to "see" your profile.

Nice feature ZuckAIPAC.

Hotel CIAfornia, bitchez.



Fri, 05/18/2012 - 16:36 | 2441792 John Law Lives
John Law Lives's picture

Good point.  No telling how long all that personal data might be retained and who might have access to it.

Fri, 05/18/2012 - 17:07 | 2441918 New_Meat
New_Meat's picture

"No telling how long all that personal data might be retained..."

That, Sir, would be forever.

"... who might have access to it."

Well, correct, but we can bet that they are in Utah.

- Ned

Fri, 05/18/2012 - 18:56 | 2442210 Element
Element's picture

Facebook ... yet another hollow 'company' with no products to provide a return on the mal-'investment' in them.

Except other people's (rendered non-) personal info.


East German Stasi ... amateurs.

Fri, 05/18/2012 - 16:49 | 2441849 Paul Atreides
Paul Atreides's picture

There is a delete account option.

Barbaric tin foil hat wearing mofo that I am spent 2 hours deleting ALL the content (pictures, page likes and friends) before I actually used the delete acount option.



Fri, 05/18/2012 - 16:55 | 2441873 John Law Lives
John Law Lives's picture

How can someone know that Facebook actually has permanently removed and deleted all the data it stored re. their account from its data servers?

Fri, 05/18/2012 - 17:02 | 2441900 battlestargalactica
battlestargalactica's picture

When Fed SWAT teams break in and plant evidence in your house, then you'll know that you are released from the Matrix.

Fri, 05/18/2012 - 21:06 | 2442518 Al Huxley
Al Huxley's picture

I can pretty much guarantee you that it isn't.

Sat, 05/19/2012 - 09:32 | 2443071 squexx
squexx's picture

I don't know about deleting content on your page, but anyone stupid enough to invest in this sinking ship deserves to have their bank account deleted!

Fri, 05/18/2012 - 17:00 | 2441894 RaymondKHessel
RaymondKHessel's picture

Exactly. I'd keep it open in a perpetual blank state (all likes, posts, EVERYTHING deleted) for 6 months to 2 years. Give their database servers time to purge your archive data. After that close or not doesn't matter.

Fri, 05/18/2012 - 21:09 | 2442523 Al Huxley
Al Huxley's picture

It doesn't matter if it rolls off FB's backups, because it will all be in the big NSA data warehouse in Utah.

Fri, 05/18/2012 - 17:20 | 2441956 Marginal Call
Marginal Call's picture

Try back in a month.  You'll be able to log in.


They delete nothing.

Fri, 05/18/2012 - 17:26 | 2441974 Paul Atreides
Paul Atreides's picture

If you delete the account you can no longer log in.

Fri, 05/18/2012 - 17:30 | 2441986 The Gooch
The Gooch's picture


Just go log back in and there it is!

Delete is a relative term.

Fri, 05/18/2012 - 18:03 | 2442065 Paul Atreides
Paul Atreides's picture

If you delete your account it will be ‘deactivated’ for two weeks same as a normal de-activate but after the two weeks it will be permanently deleted (as for the content it is most likely saved...only the Z man and the NSA know for sure). Do not login to your account during this time as it will cancel the deletion request. After the 2 weeks is up you can no longer log in.

As for delete being a relative term...for facebook I am sure it is ;)

Sat, 05/19/2012 - 03:46 | 2442897 StychoKiller
StychoKiller's picture

Someone suggested posting nekked womyn on yer facebook acct to get banned -- it might work.

Fri, 05/18/2012 - 16:45 | 2441836 Randall Cabot
Randall Cabot's picture

Not so fast with the fadebook-it's up 10% AH!!!

Fri, 05/18/2012 - 17:21 | 2441960 jamezelle
jamezelle's picture

AH algos goin crazy

Fri, 05/18/2012 - 18:32 | 2442153 GeezerGeek
GeezerGeek's picture

Interesting link. I followed it and saw "Facebook Inc. Cl A". Did they mean CIA? Are they admitting it?

Fri, 05/18/2012 - 18:33 | 2442155 Everybodys All ...
Everybodys All American's picture

More than likey these trades were made during the day and are showing in the after hours but have no bearing on current price.

Fri, 05/18/2012 - 19:02 | 2442233 Element
Element's picture

Yeah, we can't have the core of the urban spy network going belly up ... release the Algos!

Fri, 05/18/2012 - 16:10 | 2441653 Agent P
Agent P's picture


Fri, 05/18/2012 - 16:10 | 2441654 HD
HD's picture

Could not be happier. Honestly can't get the smile off my face.

Fri, 05/18/2012 - 16:21 | 2441691 B-rock
B-rock's picture

+1 No kidding!  Awesome day!


It looks like MS spent $1.7 billion to defend $38 before the close.

Fri, 05/18/2012 - 16:21 | 2441719 Gief Gold Plox
Gief Gold Plox's picture

Agreed. Facebook goes nowhere fast and I take delivery of silver purchased at almost bottom price.

Not a bad week for this barbarous relics hoarder.

Fri, 05/18/2012 - 16:24 | 2441734 Bunga Bunga
Bunga Bunga's picture

Only barbarians are not on Facebook.

Fri, 05/18/2012 - 17:53 | 2442043 lakecity55
lakecity55's picture

No Shit! I too went on a PM binge right before the upswing. I'm starting a new IPO, GOLDBOOK!

Fri, 05/18/2012 - 18:34 | 2442158 GeezerGeek
GeezerGeek's picture

But how do you sew electronic Facebook shares into your clothes?

Sat, 05/19/2012 - 03:49 | 2442900 StychoKiller
StychoKiller's picture

Use an app that runs on a multi-threaded OS!  (thanks, try the veal) :>D

Fri, 05/18/2012 - 16:58 | 2441656 Kreditanstalt
Kreditanstalt's picture

"On the first day of trade the underwriters are obligated to support the IPO price. Let's see how it does on Monday."

MS must have nearly all the stock now.  Must've cost them a pile.  We'll know in the coming day or two whether they can unload it without losing a load...

















Fri, 05/18/2012 - 16:11 | 2441661's picture

Got all my Facebook stock updates on Twitter....hmmmm

Fri, 05/18/2012 - 16:16 | 2441695 Caviar Emptor
Caviar Emptor's picture

Oh but you missed all of the gossip about the Kardashians, and getting messages from your great aunt in Broward County....

Fri, 05/18/2012 - 17:30 | 2441989 FrankDrakman
FrankDrakman's picture

I understand Broward County and great aunts, but what's a "Kardashian"?

Fri, 05/18/2012 - 19:07 | 2442245 Element
Element's picture

A dreary coffee-coloured heifer with silicon udders and a corrective ego implant.

Fri, 05/18/2012 - 16:11 | 2441662 Solid Gold Bubble
Solid Gold Bubble's picture

/me Likes this

Fri, 05/18/2012 - 16:12 | 2441664 the not so migh...
the not so mighty maximiza's picture

Its the new myspace.

Fri, 05/18/2012 - 16:24 | 2441731 Zero Govt
Zero Govt's picture

it's new egg-on-the-face for Goldmans

'The Invincibles' of GS and JPM have taken a bit of a hammering this week

rotten eggs anyone?

Fri, 05/18/2012 - 16:29 | 2441760 Trimmed Hedge
Trimmed Hedge's picture

For some strange reason I seem to be having trouble logging into my GeoCities page....

Fri, 05/18/2012 - 16:30 | 2441761 Trimmed Hedge
Trimmed Hedge's picture

Once was enuff...

Fri, 05/18/2012 - 16:11 | 2441667 Dr. Engali
Dr. Engali's picture

You have to love metals against this tape. Maybe the Morge is starting to feel the squeeze against their short positions  there too.

Fri, 05/18/2012 - 16:16 | 2441693 Mark123
Mark123's picture

Very unusual indeed....the strength of Gold in particular when VIX is so high makes me wonder.  Arn't all the lemmings supposed to rush into $US treasuries and sell gold when things get ugly????


What is Jamie up to?

Fri, 05/18/2012 - 16:55 | 2441876 Bizaro World
Bizaro World's picture

Though I'm pleased w/ the rise in Gold, cautiously optimistic is a good description. The jump in Gold was not due to sudden muppet revelations.

Fri, 05/18/2012 - 16:12 | 2441668 Nader_Nazemi
Nader_Nazemi's picture

The market is a big Casino. 

The whole thing is rigged. 

Fri, 05/18/2012 - 16:57 | 2441879 CrashisOptimistic
CrashisOptimistic's picture

A bit of casino odds measurement:

Close was 1295.  Dec 31, 2011 (and btw also Dec 31, 2010) was 1257.  Yes, for both 2011 and 2010, same close (tiny fractional difference, 2011 was DOWN from 2010).

This puts the silliness up 3.02% for 17 months.  Negative real return.

Fri, 05/18/2012 - 16:19 | 2441669 walcott
walcott's picture



facebook is horseshit people. Dump your account immediately.

the original facebook.

Fri, 05/18/2012 - 16:12 | 2441670 el_brio
el_brio's picture

Meanwhile Theophilus Hodges, a 36-year-old property manager, stopped into an E*Trade branch in downtown Chicago on Friday morning specifically to open an account to buy Facebook shares, he said.

"If it wasn't for Facebook I wouldn't be here," he said as he left the branch to go to his bank and transfer money into his new account. "I missed out on Groupon when it went public, so I'm not going to miss the boat this time."

Mr. Hodges said he plans to invest $10,000 in Facebook shares—including $4,500 of his own money and $5,500 from his mother.

Mr. Hodges expressed confidence in Mark Zuckerberg as Facebook's CEO and said he isn't worried about Mr. Zuckerberg being young. "To me, he's a genius. You know, he created something for the whole world... Everything is social now. The world is a different place with Facebook," he said.



From the WSJ

Fri, 05/18/2012 - 16:16 | 2441686 el_brio
el_brio's picture

In other words... when your shoe-shine guy starts telling you about a stock, it's time to run.  BUTCHER THIS PIG!!

Fri, 05/18/2012 - 16:16 | 2441694 Frodowise
Frodowise's picture

I hope he enjoys losing all of that money. 

Fri, 05/18/2012 - 16:17 | 2441701 iDealMeat
iDealMeat's picture

Theophilus Hodges is $MDB

Fri, 05/18/2012 - 16:19 | 2441709 el_brio
el_brio's picture

The first name sounds Greek doesn't it?

Fri, 05/18/2012 - 16:49 | 2441765 Normalcy Bias
Normalcy Bias's picture

Yes, it sounds Nubian, Sub-Saharan Greek...

Edit: Go ahead, junk me. I've met a lot of Theo's, but anyone rolling with that full handle...I'm just saying...

Fri, 05/18/2012 - 18:42 | 2442176 gatorengineer
gatorengineer's picture

Sounds like his mom liked alphabet soup and almost got a real name............. Almost

Fri, 05/18/2012 - 16:22 | 2441718 drink or die
drink or die's picture

I didn't know MillionDollarBonus' name was Theophilus...


edit: crap, someone beat me to it

Fri, 05/18/2012 - 16:38 | 2441805 iDealMeat
iDealMeat's picture

;-)   jinx, buy me a jack n' coke..


Fri, 05/18/2012 - 16:43 | 2441825 The Gooch
The Gooch's picture

^ + 38.00!


Fri, 05/18/2012 - 17:49 | 2442037 tekhneek
tekhneek's picture


Fri, 05/18/2012 - 16:25 | 2441730 Scalaris
Scalaris's picture

*facepalm*    >    schadenfreudian transition    >    contemplation of darwinian survivalism    >    smirk

Fri, 05/18/2012 - 16:28 | 2441756 The Gooch
The Gooch's picture

Between Rahm and Zuck, Theophilus is FUKKED!

Fri, 05/18/2012 - 16:29 | 2441757 Race Car Driver
Race Car Driver's picture

> You know, he created something for the whole world... Everything is social now.

"Look, this is just an informal chat. We were wondering what you were working on in your lab?"

"Well, I've invented a pill that gives worms to ex-girlfriends."

"Right. And, what's positive about that?"

"Well, it's a pill, that gives worms to ex-girlfriends."

"Well, could it also give worms to ex-boyfriends?"

"This is a drug, for the world, to give worms to ex-girlfriends."

Fri, 05/18/2012 - 16:46 | 2441841 Global Hunter
Global Hunter's picture

I didn't click on the link that's Brain Candy I think!  Great film let me see its been a while...

Fri, 05/18/2012 - 16:34 | 2441787 Taterboy
Taterboy's picture

Six months from now on the phone: "Hello?"

"Hi Mom, it's Theo,(long pause) Mom, Mom?"



Fri, 05/18/2012 - 17:35 | 2442003 TWSceptic
TWSceptic's picture

Yes Facebook will make a lot of people less social with each other, the irony...

Fri, 05/18/2012 - 16:45 | 2441834 Taterboy
Taterboy's picture

Late today it was announced that a Mr. Theophilus Hodges was appointed Greece's Minister of Finance.

Fri, 05/18/2012 - 16:57 | 2441881 fuu
fuu's picture

That's why the euro surged late.

Fri, 05/18/2012 - 17:03 | 2441904 resurger
resurger's picture

is this /sarc?! or are you for real?!!!!!!!!!

Fri, 05/18/2012 - 22:20 | 2442668 Catflappo
Catflappo's picture

I think the real question is - "is your question sarc or for real?"

Fri, 05/18/2012 - 17:21 | 2441958 Waterfallsparkles
Waterfallsparkles's picture

Many Real Estate people jumped on the Band wagon in 2000 who never had previously invested their Money in the Stock Market and lost their Ass ets.

Never to trade ever again.

Fri, 05/18/2012 - 18:00 | 2442061 RmcAZ
RmcAZ's picture

But, but... GRPN is down 55% since it launched. What exactly did he miss out on?

Fri, 05/18/2012 - 16:13 | 2441678 Monkeyfister
Monkeyfister's picture


Here's to seeing the end of that POS excuse for a "company" by the end of next week.


Fri, 05/18/2012 - 16:14 | 2441680 Mark123
Mark123's picture

Check out all the other recent IPO stocks (P, Grpn, Zynga, LNKD etc)....all of them got whacked today.  I smell some fear in the air.

Fri, 05/18/2012 - 16:14 | 2441683 Race Car Driver
Race Car Driver's picture


No, seriously ... LOL!

Fri, 05/18/2012 - 16:14 | 2441684 Caviar Emptor
Caviar Emptor's picture

They waited too long. Like a fine wine that's faded badly. Like a once beautiful woman. Like a flower that's just starting to fade. 

Fri, 05/18/2012 - 16:53 | 2441870 pods
pods's picture

Like a bloated corpse that sits in the garage long after the car has run out of gas?


Fri, 05/18/2012 - 16:17 | 2441689 Aztec Warrior
Aztec Warrior's picture

Here comes another bubble At least webvan came with paper share certificates which you could sell on ebay in a decade

Fri, 05/18/2012 - 16:16 | 2441690 1835jackson
1835jackson's picture

Zuckerburg is throwing a party tonight at his crib. I wonder if he will get shit faced?

Fri, 05/18/2012 - 16:19 | 2441714 Ned Zeppelin
Ned Zeppelin's picture

I think they call it Laughing All The Way To The Bank.


Fri, 05/18/2012 - 18:43 | 2442179 gatorengineer
gatorengineer's picture

Monster Energy Drink and Ugly Asians Woooo Hoooooooooooooo...........................


Wont be a real CEO until he figures out hookers and blow......

Fri, 05/18/2012 - 16:17 | 2441703 Caviar Emptor
Caviar Emptor's picture

A Suggestion: Next time, don't focus on FACES. Aim a bit lower......just sayin'

Fri, 05/18/2012 - 16:19 | 2441710 1835jackson
1835jackson's picture


Fri, 05/18/2012 - 16:19 | 2441708 Death and Gravity
Death and Gravity's picture

I will tell my grandkids - I was there when it happened, and they won't have a clue what I'm talking about.

Fri, 05/18/2012 - 16:30 | 2441766 Zero Govt
Zero Govt's picture

they won't have a clue what you're on about because it was floated at $38.00 and probably closed at $38.10 and think, "Grandpa thinks watching paint dry is an event, WTF???"

Fri, 05/18/2012 - 17:46 | 2442031 Rick Masters
Rick Masters's picture

Funny shit zero govt!

Fri, 05/18/2012 - 16:19 | 2441711 Barometer
Barometer's picture

Where will it trade when you can short it

Fri, 05/18/2012 - 16:19 | 2441712 billhilly
billhilly's picture

It was amazing to watch the bid size at 38.00.  It seemed unlimited.  I had straight 99999s across my size for the longest damn time toward the close.  Seems someone was not nterested in seeing any 37, or lower, print.  Kinda fishy to me.

Fri, 05/18/2012 - 16:35 | 2441788 LarryDavis
LarryDavis's picture

Are you intimating the stock markets aren't perfectly efficient or free? What the fuck are you getting at? I think the markets are fine. Another fucking conspiracy theorist. Bob Pisani said in Trader Talk that he wants Facebook to succeed. Maybe people were just following his sage-like advice.

Fri, 05/18/2012 - 16:37 | 2441796 LarryDavis
LarryDavis's picture

Just so ZH knows, I went long VIX at 15. What a fucking no brainer. I'm not a particularly gifted investor but YOU CAN"T GO WRONG SHORTING FACEBOOK. BET THE FARM. Unless QE3 rolls into town......

Fri, 05/18/2012 - 16:40 | 2441809 LarryDavis
LarryDavis's picture

I actually loathe investing because I don't want to contribute to that system. The only way I can morally justify any kind of financial "trade" is by thinking that there might be some fund or investment bank on the other end. I really like the idea redistributing wealth to me. If anyone has any adivice on expediting that process please chime in.

Fri, 05/18/2012 - 17:17 | 2441943 Winston Smith 2009
Winston Smith 2009's picture

"I had straight 99999s across my size for the longest damn time toward the close."


Fri, 05/18/2012 - 17:22 | 2441962 Freddie
Freddie's picture

There is no way they will let it drop below $38.00.  They closed it at $38.01.  What a joke.

Fri, 05/18/2012 - 16:19 | 2441713 Trimmed Hedge
Trimmed Hedge's picture

After-hours trading, bitchez!!

Fri, 05/18/2012 - 16:20 | 2441717 Mark123
Mark123's picture

You should print out the chart for FB today and frame it.  It will make a lovely curio in years to come when your grandchildren ask you to tell them about the madness at the turn of the last century. 

Do NOT follow this link or you will be banned from the site!