FailBerg Keeps On Sinking

Tyler Durden's picture


In keeping with our long history of noting every handle change in Failbook, we just passed into the $25 range (heavy volume came throuygh as we touched $25.88). With a post-IPO VWAP at $34.85, that's a 25% drop from the average trade alone and volume remains active (over 30mm shares today). Calls are slightly ahead of Puts today but Open Interest remains biased to 6:5 in favor of Puts.

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Tue, 06/05/2012 - 14:57 | 2496895 Debtless
Debtless's picture

FailBerg melts away. Wake me when they figure out how to make real money.

Tue, 06/05/2012 - 15:01 | 2496908 hedgeless_horseman
hedgeless_horseman's picture



FB is a .gov collaberative, so it need not make any money.

Tue, 06/05/2012 - 15:03 | 2496920 iDealMeat
iDealMeat's picture

OT:   hoard pre 1982 pennies.  and nickels..

Tue, 06/05/2012 - 15:04 | 2496936 AlaricBalth
AlaricBalth's picture

Over $27 Billion in market cap "vaporized" in less than 3 weeks. These guys make Corzine look like an amateur.

Tue, 06/05/2012 - 15:08 | 2496948 hedgeless_horseman
hedgeless_horseman's picture



Heard about their new plan?  A Spiderman hoodie, free, with every new FB account!

Tue, 06/05/2012 - 15:11 | 2496959 malikai
malikai's picture

Guys, I need help. I've lost all mine and my mother's savings buying FB shares at $38. Please let me know what to say to my mom. We were supposed to become part of the 1% with the winnings from FB. I don't know what I'm going to tell her. She has a heart condition and now I can't even buy her medicine.

Should I take a job at McDonalds or KFC?

Tue, 06/05/2012 - 15:33 | 2497053 dark pools of soros
dark pools of soros's picture

Yes get jobs at both McDs and KFC and feed your mom all the free food you can get your hands on..  she won't need medicine anymore

Tue, 06/05/2012 - 16:23 | 2497270 I am more equal...
I am more equal than others's picture

FAKEBOOK, much like the personal bios of most it is a Harvard inspired and historic fail. 

Tue, 06/05/2012 - 15:44 | 2497109 A Man without Q...
A Man without Qualities's picture

My advice is to send her to rob her local bank.  If she is successful, well, you'll have plenty of cash and if she fails, at least she'll get free medical in jail and you can rent out her room...

Tue, 06/05/2012 - 15:47 | 2497129 Kayman
Kayman's picture

"Should I take a job at McDonalds or KFC? "

Hell no.  With those stellar qualifications you could be President or at a  minimum a Central Banker.

Tue, 06/05/2012 - 15:57 | 2497188 francis_sawyer
francis_sawyer's picture

So MDB... You doublin' down here or do you need to consult with Cramer first?

Tue, 06/05/2012 - 17:14 | 2497425 Papasmurf
Papasmurf's picture

Work at KFC for free food.  Feed mom as much greasy chicken as you can fit in your pockets until she croaks, so she don't beat hell out of you with her cane.

Tue, 06/05/2012 - 21:06 | 2498060 franzpick
franzpick's picture

Not sure what to say, but this is a Face only a mother could love.

Tue, 06/05/2012 - 15:12 | 2496966 Hippocratic Oaf
Hippocratic Oaf's picture

So, which occurs first? FB in the teens or Zuckerberg actually leaving a tip?

Tue, 06/05/2012 - 17:35 | 2497487 veyron
veyron's picture

FB will converge to the amount Zuckerberg tips ...

Tue, 06/05/2012 - 20:51 | 2498026 Haole
Haole's picture

Actually they're going to distribute the instruction on how to perform this absolutely free as a courtesy to shareholders so they can use it on eachother at the next shareholder meeting, if there is anyone left that is...

The Spiderman:



Tue, 06/05/2012 - 17:20 | 2497442 Bay of Pigs
Bay of Pigs's picture

$27B? Isnt it more like $45B?

Tue, 06/05/2012 - 16:14 | 2497240 138
138's picture

Zuckerberg on FB users...

ZUCK: yea so if you ever need info about anyone at harvard
ZUCK: just ask
ZUCK: i have over 4000 emails, pictures, addresses, sns
FRIEND: what!? how’d you manage that one?
ZUCK: people just submitted it
ZUCK: i don’t know why
ZUCK: they “trust me”
ZUCK: dumb fucks

Tue, 06/05/2012 - 17:03 | 2497391 Pairadimes
Pairadimes's picture

It made all the money it's gonna make at the IPO. Let's see if the lawyers can help them keep it.

Tue, 06/05/2012 - 15:01 | 2496921 NotApplicable
NotApplicable's picture

IPO, duh.

Tue, 06/05/2012 - 14:59 | 2496902 malikai
malikai's picture

Is anyone going to play any music on this damn suckerberg?

Tue, 06/05/2012 - 15:00 | 2496910's picture

If the Titanic was a stock it would be Facebook

Tue, 06/05/2012 - 15:37 | 2497071 scatterbrains
scatterbrains's picture


Tue, 06/05/2012 - 16:20 | 2497256 Cruel Aid
Cruel Aid's picture

If obama had a social network site, it would look like FB

Wed, 06/06/2012 - 02:05 | 2498488 Deo vindice
Deo vindice's picture

Best line of the day.

Tue, 06/05/2012 - 15:06 | 2496911 Dr. Engali
Dr. Engali's picture

When it hits single digits I'll pick some up for the dead cat bounce.

Tue, 06/05/2012 - 15:01 | 2496915 junkyardjack
junkyardjack's picture

The heavy volume was Robotrader buying the dip...

Tue, 06/05/2012 - 15:08 | 2496950 Hippocratic Oaf
Hippocratic Oaf's picture

Where has he been?

You know he was proudly executed at $41

$19 by mid-month?

Tue, 06/05/2012 - 15:32 | 2497051 Unbezahlbar
Unbezahlbar's picture

Doesn't FB make Thingamajigs?

Tue, 06/05/2012 - 15:01 | 2496917 LULZBank
LULZBank's picture


Tue, 06/05/2012 - 15:06 | 2496942 fiercekitty
fiercekitty's picture

sarcasm, right?

Tue, 06/05/2012 - 15:12 | 2496969 LULZBank
LULZBank's picture

What do you mean? Facebook has more potential than you can ever think of.

Wait, till Facebook captures the emerging markets, like:

Facebook may soon allow children younger than 13 years old to access the site under parental supervision, reports say.


Tue, 06/05/2012 - 15:35 | 2497062 dark pools of soros
dark pools of soros's picture

just think of all the virtual ponies they'll buy!

Tue, 06/05/2012 - 15:36 | 2497066 mayhem_korner
mayhem_korner's picture

Facebook may soon allow children younger than 13 years old to access the site under parental supervision, reports say.


Going toe-to-toe with PedophileBook...?

Tue, 06/05/2012 - 15:50 | 2497149 LULZBank
LULZBank's picture

Welcome to the internet, where men are men, women are men and 12 year olds are FBI agents.

Tue, 06/05/2012 - 15:53 | 2497160 t_kAyk
t_kAyk's picture

You mean twitter?

Anonymous launches attack on child predators. 

David’s Twitter profile is simple, and probably should be. After all, he is only in junior high.

“I’m 14 year [sic] old” is how he describes himself in his online bio. On his timeline, David tweets what you might expect: praise for professional wrestling, Family Guy excerpts and 140-character reviews of his afternoon pick-up games. Every now and again, however, David’s profile in punctuated by messages penned by elusive perverts stalking cyberspace for young boys just like him.

In an August 19 tweet, David writes, “Only one thing can control me and that’s you.” Angela, another young teen with a love for singer Mandy Moore and vlogging, is the only person that retweets David’s message, accompanied by an emoticon. Somewhere on the Web, though, a man nearly four times his senior sees David’s love tweet and offers an unprovoked response.

“I wld luv that,” writes John from Ohio. His Twitter profile is much more simple and to the point.

“52 yr gay love boys” is John self-description. For pages and pages, any user of Twitter can comb through his often one-sided correspondence with unsuspecting minors.

“I like the braces,” John tweets 9-year-old rap artist and Internet personality Matty B. last week, “but u probaly been weearing them awhile.” That same day, John sends a 13-year-old Twitter users named Pat, “can we talk?”

John — who uses the Twitter handle “@jjrjr_”— is an outlier, of course, among one of the world’s most celebrated social media sites that claims to have around 140 million registered users. That isn’t to say he’s alone, though. On Twitter, Facebook and elsewhere on the Web, grown men are patrolling for pre-teens and young boys and girls and are sending them sexually suggestive messages over the Internet.

That could all end soon, but not necessarily under the watch of the FBI or any local law enforcement agency. This week the profiles of John and dozens of other child predators were released to the Web by the same group that the government has linked to acts of terrorism.

The trove of Twitter accounts was leaked to the Web on Monday by the hacktivist collective Anonymous, and the group is looking to prove that they aren’t necessarily a club that’s hell bent on causing chaos without an agenda.

“This is a list of pedophiles that Twitter hasn't deemed important to remove despite their affiliations with each other, their posts of children participating in lewd acts, and their requests for this sort of material. We are releasing these names in hopes that Twitter will work together with LEA in order to catch and stop these scumbags,” an operative with the loose-knit hacktivist collective explains in a preface to the collective of user names. “You mess with our children, you mess with us.”


Tue, 06/05/2012 - 15:51 | 2497152 Kayman
Kayman's picture

How about an audit of the 900 million non-dead, non-duplicated (triplicated) "members" ?

Tue, 06/05/2012 - 23:11 | 2498282 Captain Planet
Captain Planet's picture

we can instantly subtract 50 to 100 million household pets that have fb pages. unless every fb account gets chase debit card

Tue, 06/05/2012 - 16:20 | 2497258 bahaar
bahaar's picture

Which 13 year old in history ever wanted to join the club their Mom and Dad belong to?

Tue, 06/05/2012 - 16:22 | 2497262 misnomer
misnomer's picture

Yeah, like 13 year olds (and younger) aren't already on Facebook.  Many of the current FB accounts are really kids who have used their parents birthdate to sign up.  How would FB have any way of knowing you are 13 or 30? 

If you've ever seen what preteen girls write to each other on FB, you'd blush (or ground her for life, if she were your own).  It's downright disgusting!!


Tue, 06/05/2012 - 15:02 | 2496928 Agent P
Agent P's picture


Tue, 06/05/2012 - 15:06 | 2496935 jus_lite_reading
jus_lite_reading's picture

Not to drop a facebomb on FarceBook but a lot of people not caught up in the hype are saying this turd has less than 6 years to live as a company. Not a single model they have is viable...

I might have to adjust my 'Strong Buy' at $1.70 to something like 'Strong Sell' at $1.70...

Hey, I always knew FarceBook would be the final straw... let's see how many IPO's are issued henchforth

Tue, 06/05/2012 - 15:06 | 2496943 whatsinaname
whatsinaname's picture

FB awaits QE ?

Tue, 06/05/2012 - 15:16 | 2496986 Cursive
Cursive's picture


Shame on you for not swallowing the hype.  Hype is real, people!  Hype is our destiny!  Get with the hype!

Tue, 06/05/2012 - 15:21 | 2497010 Cursive
Cursive's picture

Live the hype!  Be the hype!  Type the hype!;_ylt=A0PD2KV2Wc5PkTsAdgaiuYdG;_ylu=X3oDMTQzY2ozM2NuBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNkZjUwMWRjNC1kOGU2LTM0MzQtODQyMS0zYzQwNjQyODBmZjAEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDZjZiZjJjZjAtYWYzZi0xMWUxLWFkM2YtYWIwM2VjYTIxMGIw;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3


Now 10 weeks later, after the market tumbled 10%, Hays is back with a bullish stance.

 In fact, he's the most bullish that I can ever recall seeing him in all the years of following his work, and of course his optimism is being fueled by the recent surge in gloom, fear, and pessimism. He says when you add in near-perfect monetary policy conditions, historically low valuations, and the battered psyches of traders, the indicators are currently giving "about as close to a guarantee as you will get in the market that you will enjoy a bull market in these next 12 to 48 months," the team at Hays writes. Not to mention their prediction for a "much improved environment, with better headlines, two or three months from now."

As this former NASA engineer explains it, we are at one of those rare moments where the stock market, headlines, and economy all feel terrible, but will likely prove to have been a great buying opportunity in the near future. Whether it is the lower-lows and higher-highs of the S&P 500, the consistent flight to dollar in times of trouble, or the sudden resurgence of Gold, he says the hard lessons of the last five years must be heeded, as well as the time-tested adage about markets "climbing a wall of worry."

"At the bottom of Bear markets, the fear is high. At the top of Bull markets, the euphoria is high," Hays reminds us, as he confidently puts his money where his mouth—and market monitors—say to.

Are you better off today than you were five years ago? Let us know your thoughts on our Facebook page.

Tue, 06/05/2012 - 15:34 | 2497060 NotApplicable
NotApplicable's picture

Gotta love the ole "bad is good" articles.

Tue, 06/05/2012 - 15:38 | 2497079 Cash Is King
Cash Is King's picture

So explain the VIX 14 points above its '07 low and 59 points off its '09 highs. How's that fit NASA's model? There's no fear in this market and that scares the hell out of me!

Tue, 06/05/2012 - 15:26 | 2497029 NotApplicable
NotApplicable's picture

Not only that, hype is all we have left.

Tue, 06/05/2012 - 21:54 | 2498137 trip kitchen
trip kitchen's picture

A six year shelf life for Flashbook?  Less than that I'd say.

Tue, 06/05/2012 - 15:07 | 2496947 Bunga Bunga
Bunga Bunga's picture

How does it feel to lose $3 million per hour 24/7?

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