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Guest Post: Facebook SOBS Or… “Don’t Cry for Me Avaritia”

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Submitted by Ben Tanosborn

Facebook SOBS or… “Don’t Cry for Me Avaritia”

The sobs we have in mind are neither short, audible gasps of breath of those who are invested in Facebook stock, nor are they intended as a bastardly reference of those who, inside and/or outside of the Company, put together and took to fruition this much-awaited I.P.O. (Initial Public Offering). These mnemonic sobs we have in mind represent simply Shares-Of-Bubbly-Stock.  For that’s what those 421.2 million shares of Facebook were: Overpriced, bubbly stock.

In Christian ethics – although not in exclusivity – there are a number of vices, most often referred to as the seven deadly or capital sins, which depict the antithetical side of virtue.  Of the seven, avarice or greed (Avaritia in Latin) comes at the head of the list for me since its practice affects the wellbeing of others, and not just those who profess it.

And it was this lady, Avaritia, who walked the Red Carpet a week ago, Friday, May 18, in a glittering dress that reminded us of what rapacious capitalism is all about, as shares of Facebook started trading past their scheduled time in the NASDAQ.  A very surprising opening with a larger (25 percent) number of shares issued for trade, at a much higher (52 percent) price… or a “more aggressive” price in Wall Street IPO parlance.

On the 32nd anniversary of Mount Saint Helen’s eruption, some people expected a price eruption during the stock’s first day of trading, given past behavior with other IPO’s and Facebook’s pre-eminence in the circle of social media networks.  From a 10 to a 30 percent jump in value in its inaugural trading day was not atypical talk.  But the shares offered at $38 fizzled, inching just one percent at the close… and offering bad vibes for the trading days ahead, which immediately brought in Avaritia’s favorite board game for these occasions: the blame game.

This game is already in play in Wall Street and beyond, and promises to be one of long and costly duration with a worthy cast of characters, all one-percenters.  Roll the dice and point the finger: Was it the NASDAQ’s fault?  Or was it Mark Zuckerberg and his top management who dropped the ball? [What the heck is that young multi-billionaire hiding under that hoodie, some are asking… contempt for the dumb middle class?!]  What about Morgan Stanley, the lead banker on the IPO?  And why exclude the two other giants, JP Morgan and Goldman Sachs? And to be fair we must not forget the analysts, and those who claim selective dissemination of material information critical to the evaluation of risk-taking in the purchase of Facebook stock.  To make it even more interesting, here we are five days into the game and attorneys have decided to join in with class action litigation which could bring the stakes well into the 10-figure category.  Mount Saint Helen’s 1980-eruption brought damage of $2.75 billion in today’s dollars… could Facebook’s fiasco bring financial damages of similar magnitude?  This blame board game could certainly become another classic like that game most of us grew up with: monopoly.

There are those who contend that at $38 per share Facebook is a bargain, and that a market capitalization of $100 billion will soon multiply by 2, 3, 4… or more.  After all, that very selective group of 3,500 nerds-par-excellence who run the show from Silicon Valley have it all; and that includes the key to super-monetize 900 million users, perhaps a few hundred million more, to the tune of $5, $10 maybe $20 per user… bringing revenues, and after-tax profit, to levels that even Steve Jobs would not have had in his wildest, most creative dreams.

But, of course, there are those realists – count me among them – who think that the world we live in poses a number of constraints on emotional, unrestrained optimism.  Time is immutable, and our days still contain 24 hours.  In a slow-growing world economy with limited resources, the advertising dollar might shift but not grow much.  Yet, innovation will remain rampant, competition constantly knocking at the door.  And we mustn’t dismiss disloyalty as a human trait, even among that elite group of 3,500 who could be tempted by that gal who cohabits with Predatory Capitalism, Avaritia.

Bottom line to this Facebook fiasco is clear and simple: Wall Street, once again, treated shares of stock as Casino-land chips with values way outside of the fundamentals’ realm and the likes of companies such as Google.  What should have been an offering price in the $10 to $12 range was absurdly made public at $38 per share.
“Don’t cry for me Avaritia…  The truth is I never left you.”

 


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Sun, 05/27/2012 - 10:07 | Link to Comment LeBalance
LeBalance's picture

another fool decrying so-called capitalism.

Sun, 05/27/2012 - 10:19 | Link to Comment Dr Benway
Dr Benway's picture

Is this sarcasm or a lack of understanding what (non-crony) capitalism is all about?

Sun, 05/27/2012 - 10:34 | Link to Comment LeBalance
LeBalance's picture

hmm..i guess capitalism is all about unfair advantage, total control of markets, creating massive backwaters and cesspits of non-flow.

so you are saying where we are now is part of the great cycle of life?

Sun, 05/27/2012 - 10:36 | Link to Comment Colombian Gringo
Colombian Gringo's picture

Good description of Crony Capitalism, or Corporatism.

Sun, 05/27/2012 - 11:54 | Link to Comment Oh regional Indian
Oh regional Indian's picture

It's a very young word, this capitalism word. Full of strange and odd meanings. Etymology to the rescue.

capitalization 
1860, "act of converting (assets) to capital," noun of action from capitalize in the financial sense. Meaning "act of writing or printing in capital letters" is recorded from 1864.
capitalism 
1854, "condition of having capital;" from capital + -ism. Meaning "political/economic system which encourages capitalists" is recorded by 1877.
capitalist (n.) 
1791, from Fr. capitaliste, a coinage of the Revolution and a term of reproach; see capital + -ist. Related: Capitalistic.

 

Capitalism, Capital Punishment, Capital letters, Capital City, all mean different things.

This language, how ironic to say it thus, is Fucked and a Head fucker to boot.

We are living the DEEPEST PERVERSION of the tongue. 

The Tower of Baab'el, rises in our throat and in our minds...scary...

ori

the-deep-perversion-of-language

 

Sun, 05/27/2012 - 14:32 | Link to Comment resurger
resurger's picture

why you have to short FB: i think TPTB are not happy

http://m.us.shalomlife.com/culture/17249/zuckerbergs-marriage-infuriates...

 

It appears not everyone “liked” Mark Zuckerberg’s surprise announcement last weekend.Following Zuckerberg’s marriage to his longtime girlfriend Priscilla Chan on Saturday, the 28-year-old Facebook founder and CEO received a letter from Benzi Gopstein, head of the Lehava Organization for the Prevention of Assimilation in the Holy Land that criticized his intermarriage, according to Israel National News.Gopstein, who refers to Zuckerberg in the letter by his Hebrew name, Mordechai, writes that he didn’t “like” Zuckerberg’s wedding announcement on Facebook unlike the over 1.5 million others that did.

“To be precise, if Facebook had a ‘dislike’ button I would have given you a big ‘dislike,’” Gopstein wrote.“I’m writing to you not for my sake, but on behalf of the Jewish people of every generation, being that you are part of this people, like it or not. True, you did well in the stock market, but just to remind you, money isn’t everything in life. You chose to marry a non-Jewish woman and by doing so, you disconnected yourself from the Jewish people, and your children will not be Jewish, even though their last name will be Zuckerberg; even if they’re cute and get a lot of ‘likes’, they will remain non-Jews in every respect.”Despite acknowledging that Zuckerberg probably won’t pay much attention to the letter, Gopstein writes that on behalf of the Jewish people, he aims to “spoil the party” for all Jewish men and women who accept intermarriage and “liked” Zuckerberg’s relationship status change, as well as the media who reported it.“Golda Meir, who was Israel’s Prime Minister, said that any Jew who assimilates is essentially a partner to the Nazis’ work, since through assimilation you yourself are exterminating the continuation of the Jewish people,” he writes. “Assimilation is bringing the extermination of the Jews to the seventh million! Unfortunately, you are not alone. The Jewish people are losing themselves in the Exile through assimilation. At the current rate, in the not-so-distant future there will be no more Jews remaining in the Exile. In Israel, too, assimilation is hitting us quite a bit because of your Facebook, where every Mohammed is ‘CitySlicker’ and every Yusuf calls himself ‘Prince Charming.’” Gopstein is not the first to speak out against Zuckerberg’s intermarriage. Earlier this week, Israel National News reported concerns expressed by Dr. Aliza Lavie, a communications researcher, lecturer at Bar Ilan University and social activist.“The children of another successful Jewish man will not be counted as Jews,” Lavie wrote on her Facebook page. “This wedding does not bother many American Jews and quite a few Israelis as well. This is integration at its best. But this is not the whole picture. The stories of intermarriage and assimilation are not only a ‘religious’ problem,” she said.“It's much more than that. Large sections of the younger generation of American Jews are no longer with us. Treating mixed marriages only as a religious matter which does not interest those who are non-religious misses the reality that threatens us all, religious and secular alike.”Gopstein’s letter concludes with a suggestion to Zuckerberg, encouraging to him to take a strong stance against assimilation.“As long as the candle burns, you can correct yourself,” he writes.“Separate from the non-Jewish woman and find a good Jewish one, and to make up for your mistake, go on a major campaign on Facebook against assimilation.”

Sun, 05/27/2012 - 14:33 | Link to Comment resurger
resurger's picture

True, you did well in the stock market

hahahaha!

Sun, 05/27/2012 - 15:46 | Link to Comment vast-dom
vast-dom's picture

FUNNY, the douchebag Rabbi is a real piece of work. NOTE TO RABBIS and FB DOUCHEBAGS AND JERKOFFS AND COPS OF THE WORLD: MIND YOUR FUCKING BUSINESS!

Sun, 05/27/2012 - 14:42 | Link to Comment Precious
Precious's picture

... not only that Rabbi, the traitor studied Latin too !

Sun, 05/27/2012 - 18:46 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

re: the 'Elders' disliking Zuckerberg marrying outside the Tribe

 

I was wondering if that might have had something to do with FacePlant...

 

now if I in a public forum would tell my daughter I didn't want her to marry a black man because I think we should keep our race pure there'd be fifty fucking Jew busybodies(ACLU, etc.) all up in my shit.

 

with the Tribe it's do what we say not what we do.

Mon, 05/28/2012 - 00:59 | Link to Comment monad
monad's picture

Forget Faciabook. Hedge that bet with a prenup, Marky.

Sun, 05/27/2012 - 10:51 | Link to Comment ZDRuX
ZDRuX's picture

Another person who thinks any sort of "advantage" can be fair, and if it isn't.. that it can be mandated into fairness by law makers and regulation.

Advantage by definition is unfair, it's called capitalism, so get out of the kitchen if it's too hot for you. I didn't get burned on the $FB IPO because I didn't play.

Sun, 05/27/2012 - 11:10 | Link to Comment Gully Foyle
Gully Foyle's picture

ZDRuX

"Advantage by definition is unfair, it's called capitalism"

Someone who gets it.

Capitalism definitely doesn't raise all boats, and clearly creates the 1% with the ability to be selfish, self centered, and successful.

I'm always confused as to why anyone would prefer to live under true Capitalism.

As if they have what it takes to survive in a cutthroat world.

Sun, 05/27/2012 - 11:39 | Link to Comment Solarman
Solarman's picture

Describe a working alternative to capitalism, that actually works.  Every other system you simply replace one set of elites for another, using different skills to become said elites.

 

I prefer we reform the system to allow competition than to regulate it it to a point only the insiders and the politically connected have the only advantage, like today or like any other socialist / totalitarian state out there.

Sun, 05/27/2012 - 11:43 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Yawn. Another fucking socialist troll.

Sun, 05/27/2012 - 14:44 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Yeah i truly believe he doesnt want to live under capitalism

Lazy fuck gets a government check probably for some vague difficult to disprove condition

Sun, 05/27/2012 - 10:40 | Link to Comment Waffen
Waffen's picture

Capitalism is great as long as the people have some morality. The author mentions christian values.

Talmudic Jews hve no such restraints and instead are encouraged to do the opposite and actually lie cheat and steal from the goyim.

Now when a culture such as that in wall street and government takes hold it festers and grows and even non Jews must do the same practices to compete.

This is the case in all parts of our culture. It has been corrupted and subverted by values that are not ours. I am not a Christian but I believe in the natural rights of man, as does the zeitgeist of western culture. This however has been subverted by Jewry.

Jews are nation wreckers.

Sun, 05/27/2012 - 10:54 | Link to Comment ZDRuX
ZDRuX's picture

Can you list some of your "morals" that are necessary for capitalism? I'm all ears.

Sun, 05/27/2012 - 13:20 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Morals are not necessary for Capitalism, but they make it a nicer world, not the world we are facing now.

Sun, 05/27/2012 - 14:44 | Link to Comment Precious
Precious's picture

I'm all philosophied up now ... 

Sun, 05/27/2012 - 14:42 | Link to Comment Waffen
Waffen's picture

I am quite certain I did not say capitalism could not exist without morality, only that it's great with morality.

My base for morality is natural rights as was used in the founding of our nation.

Without a respect for the natural rights of man you end up with a corrupted, disgusting form of capitalism in name only.

Sun, 05/27/2012 - 15:42 | Link to Comment vast-dom
vast-dom's picture

DO NOT FEED THE WAFEN SS TROLL. HE LIVES ON HATE.

Sun, 05/27/2012 - 11:12 | Link to Comment Gully Foyle
Gully Foyle's picture

Waffen

"Capitalism is great as long as the people have some morality."

Asshole!

Clearly you don't understand what it means to be a Capitalist.

Then again, aren't you that racist fuck who keeps bitching about minorities?

It is pretty obvious when you go by WAFFEN.

Zeig Heil bitch!

Sun, 05/27/2012 - 11:27 | Link to Comment spankthebernank
spankthebernank's picture

Keep talkin Gully "NWO" Foyle

Sun, 05/27/2012 - 11:42 | Link to Comment WonderDawg
WonderDawg's picture

Reminds me of that crazy uncle who babbles incoherently most of the time, but every now and then, if you haven't been numbed into a catatonic stupor and happen to be paying attention, you will hear him utter something clever.

Sun, 05/27/2012 - 11:57 | Link to Comment Oh regional Indian
Oh regional Indian's picture

WD, make sme think this is some sort of psy-op. Can't trust a poster anymore. Like Gully above. Sometimes he is off the wall brilliant, but most of the time now, he just blathers like an idiot.

Perhaps he is on meds? 

I've seen others do this chameleon thing.

Very odd, very very odd...

ori

Sun, 05/27/2012 - 12:18 | Link to Comment Hulk
Hulk's picture

my guess is meds...

Sun, 05/27/2012 - 13:09 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Mine too, because the All capitalizing gully has given me some of the most of-the-wall reading directions and fascinating rabbit holes to dive into with his long ranty pastes. Brilliant reading list, which says something for the man himself.

This "other" is just... nothing.

ori

Sun, 05/27/2012 - 12:31 | Link to Comment MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Paid trolls work in shifts -- one identity, many trolls...Hence the appraent multiple personality disorder.

Sun, 05/27/2012 - 14:00 | Link to Comment goforgin
goforgin's picture

National Socialism has no morality, it believes in screwing everybody else for the benefit of Fritz. Just look at modern Germany.

Sun, 05/27/2012 - 15:27 | Link to Comment Waffen
Waffen's picture

Here is a thougt experiment.

Take 100 people:
Tell 98 people from birth that they should be honest, have integrity and treat others as they wish to be treated.
Take 2 people and teach them from birth that it's ok and in fact they should lie, cheat and steal from others but not each other.

How do you think this turns out? A hint it turns out badly for both parties in the end.

Sun, 05/27/2012 - 12:56 | Link to Comment vast-dom
vast-dom's picture

Waffen: go fuck yourself you hateful neo nazi piece of shit. Fips down the toilet.

Sun, 05/27/2012 - 13:23 | Link to Comment john39
Sun, 05/27/2012 - 14:36 | Link to Comment Waffen
Waffen's picture

When have I ever claimed to be a national socialist? I am a libertarian that doesn't like be classified an animal by the innocent Jews. I have hatred for a religion that teaches that it is acceptable to lie and cheat from non Jews. I have a problem with those that thinks its ok to lie, cheat and steal.

Talmudic Jews are the enemy of free humanity.

Sun, 05/27/2012 - 14:43 | Link to Comment john39
john39's picture

the truth is, most (not all) of them are also victims of the ideology, albeit from a different angle.  the talmud is one of the world's oldest  cons... and humanity is the victim.

Sun, 05/27/2012 - 15:40 | Link to Comment vast-dom
vast-dom's picture

ALL RELIGIONS ARE ENEMIES OF FREE HUMANITY. YOU ARE TOO FUCKING STUPID TO COMPREHEND THAT.

Sun, 05/27/2012 - 15:53 | Link to Comment Waffen
Waffen's picture

You make a lot of assumptions, don't you?

Sun, 05/27/2012 - 18:49 | Link to Comment Disenchanted
Disenchanted's picture

 

 

free enterprise > capitalism

Mon, 05/28/2012 - 18:09 | Link to Comment dlc
dlc's picture

??? You start out specifying Talmudic Jews and end with all Jews.  No people group is so homogeneous if it can be subdivided along such lines.  In every grouping and subgrouping are individuals who add value outside the norms of the grouping as well as those who subtract value outside the norms (sometimes an individual does both).  You would paint them all identically?  Then be so painted yourself.  IMHO, of course--YMMV  :-)

Sun, 05/27/2012 - 10:59 | Link to Comment Spastica Rex
Spastica Rex's picture

Yeah, he better watch out for a smiting from the Most Holy Invisible Hand. Blasphemy makes me so angry!

Sun, 05/27/2012 - 13:04 | Link to Comment Oh regional Indian
Oh regional Indian's picture

That italicized so... nice touch SR. You clearly taught good english to some lucky kids.

I call it palpable writing.

ori

Sun, 05/27/2012 - 11:07 | Link to Comment Gully Foyle
Gully Foyle's picture

I just received a flyer for some business seminar.

It was hosted by Bill Cosby and had Bill O'Reilly and Randi Zuckerberg on the panel.

That looked really fucking deep.

 

Sun, 05/27/2012 - 17:48 | Link to Comment dirtbagger
dirtbagger's picture

Agreed.  No mention of the greedy buyers of FB shares looking to make a quick bet.  There are bet makers and bet takers.  If you are a bet taker plan on getting screwed

Sun, 05/27/2012 - 10:16 | Link to Comment jmcadg
jmcadg's picture

$10-12, that's a bit rich, try $7 at best.

Sun, 05/27/2012 - 10:38 | Link to Comment resurger
resurger's picture

0 is the fair value

Sun, 05/27/2012 - 11:29 | Link to Comment Global Hunter
Global Hunter's picture

I say $3.80 and that's why we have a market...oh snap!

Sun, 05/27/2012 - 12:58 | Link to Comment vast-dom
vast-dom's picture

all kidding aside, $3.80 is actually the correct price. 

Sun, 05/27/2012 - 10:22 | Link to Comment q99x2
q99x2's picture

Mount St. Helens was 32 years ago? Wow. Big singular events are timeless. I still remember 2008 like it had just started yesterday.

Sun, 05/27/2012 - 10:23 | Link to Comment Zola
Zola's picture

Here is exposed the modus operandi of the insiders : get access to stock via parallel dark shadow markets instread of through an IPO as usual, then ramp up the price on these small private exchanges using off market transactions to pretend that "the stock really went up" (think GS investment and subsequent increase in FB share price on private markets) then use those FAKE valuations to support a ridiculous IPO price. What is most shocking is all the people in decision making positions in the asset management industry who bought this CRAP. They really have no business managing money. But alas quite a few of them are around nowadays !! Stupid investors deserve to lose their money on this.

Sun, 05/27/2012 - 10:29 | Link to Comment Freddie
Freddie's picture

This is what happened on IPO day back in 1999 for most dot com stocks.  What is even creepier is govt has a lot of involvement with this Clinton and Obama plus the state of CA.   The fake dot com bubble created Clinton's fake surplus.   FracePlant taxes were going to bailout Moonbeam and Callie-Porn-ia for another 4 to 5 months.  The sheep buying this FB crap were going to bailout Mexi-Fornia-ia.

Sun, 05/27/2012 - 10:41 | Link to Comment Stimulati
Stimulati's picture

California gets back about 86 cents for every dollar it pays into federal taxes.  In other words, it would have a budget surplus if it weren't for transfer payments to poor red states.  California is Germany and Alabama is Greece.

Sun, 05/27/2012 - 10:56 | Link to Comment oddjob
oddjob's picture

No amount of money can compensate the rest of the Country, or World, for the degenerates and reprobates and the diarrhea they produce called 'entertainment' that get squeezed out of the giant smelly asshole that is California.

Sun, 05/27/2012 - 11:18 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

+1000

Short, sweet, and ALL true.

Sun, 05/27/2012 - 14:38 | Link to Comment Stimulati
Stimulati's picture

Don't hate the state.  Hate the game.

Sun, 05/27/2012 - 14:53 | Link to Comment mkhs
mkhs's picture

Zola, but they have mbas from harvard.

Sun, 05/27/2012 - 10:25 | Link to Comment vmromk
vmromk's picture

Facebook is nothing but a bag of hot air. Anyone who believed in the hype and put down their money to buy FB without forethought should not be crying like a bitch now that they have losses. Had FB shot to the moon, all the crybabies would now be bragging how smart they were and how connected they were to get shares allocated to them.

Face it, you bought FB, you got sucked in and fucked.

Why not just call up the Printer-in-chief at the Fed and ask for a bailout ?

Sun, 05/27/2012 - 10:43 | Link to Comment MolotovCockhead
MolotovCockhead's picture

Facebook is not hot air! Ask that guy name MillionDollarAnus_ He insisted that we are all fools for bashing FB. Hej, MilliondollarAnus_! How's it going for you?

Sun, 05/27/2012 - 10:27 | Link to Comment maxw3st
maxw3st's picture

I believe my pre-offering advice remains in effect; short the stock after the opening pump up. Now we'll likely see facebook move to the even more highly manipulated NYSE, and the underwriters/specialists will be hard at work "supporting" the issue amidst a flurry of litigation.

Another great opportunity to short in the offing. For the more conservative approach; sell puts at 10 on dips.

Sun, 05/27/2012 - 10:31 | Link to Comment CURWAR2012
CURWAR2012's picture

SOB, new aconyms are one of the best parts of this site. 

Sun, 05/27/2012 - 10:33 | Link to Comment BluePill
BluePill's picture

The day i heard that FAcebook is recruiting Indian Parasite Cockroaches , i Started buying put opttions on Facebook stock

 

Well to be frank the only way we can solve all American problems is to Start  Deporting Indian americans--not red indians , East indian parasites who infiltrated this country in mass numbers and have been doing it ever since  Clinton opened the doors for these parasites

 

Previously it used to only Fraud babas from that filthy land now every cockroach is flying towards USA

 

Unless we start a Nuclear war on India or Lynch All indians nothing will change

 

We must march forward and Destroy all indians thats only solution

 

Till then you will see all Tech companies in silicon valley which were infiltrated by indian bastards will collapse one after another

Sun, 05/27/2012 - 10:55 | Link to Comment ZDRuX
ZDRuX's picture

Are you saying the Silicon Valley companies are racist against white people because they're hiring Indians? I'd like to hear your reasoning.

Sun, 05/27/2012 - 11:17 | Link to Comment Gully Foyle
Gully Foyle's picture

ZDRuX

Dude, of course that is what he thinks.

One of the reasons Indians never really hit it big in the Us is because they get equated with Negros.

I'm actually surprised no one bitches about dark skinned Italians and how they should be deported.


Sun, 05/27/2012 - 11:46 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

"One of the reasons Indians never really hit it big in the Us is because they get equated with Negros."

Congratulations. That's the stupidest thing I've seen posted here in a while.

Sun, 05/27/2012 - 11:53 | Link to Comment AnAnonymous
AnAnonymous's picture

It means you never read twice your posts...

Sun, 05/27/2012 - 12:15 | Link to Comment bharat
bharat's picture

Clicked the green arrow on your own post? Won't be the first or last time.

Sat close to a group of 30 chinese people in a Mumbai theater watching MIB 3. They seemed to be having a good time. Why aren't you like them and enjoy life a little and hate less?

Sun, 05/27/2012 - 14:25 | Link to Comment goforgin
goforgin's picture

In what country did the British use the word Kaffir to describe the locals?

Sun, 05/27/2012 - 12:02 | Link to Comment gwar5
gwar5's picture

Our US socialists already deport the dark skinned people. Right after they get their graduate degrees they are booted out, per strict limits, because they might stay and contribute positively to the economy with an engineering job.

 

But if you are a fruit picking, uneducated, economic refugee you are offered lots of free stuff to risk your life to illegally cross our Southern border. Seems the notion that our Southern neighbor's lives are considered so cheap and expendable by the pious do-gooders is what is racist.

It's a felony for anyone to offer money for someone to cross the border illegally. Yet, billions of taxpayer money is being used to do just that by the usual political suspects trying to import votes, no matter the human cost.

Mon, 05/28/2012 - 18:17 | Link to Comment WmMcK
WmMcK's picture

I'm confused now, which (dark-skinned) Indians should we be deporting, the ones with the turbans or the ones with the tomahawks?

Sun, 05/27/2012 - 12:06 | Link to Comment bharat
bharat's picture

ha ha ha. Go ahead and deport all the "Cockroaches". I'll welcome them here in India with open arms.  They are the cream of the crop, moron. Did you ever look at the education levels, crime rates, median incomes of the "cockroaches"? Don't you get it: Those people would have been successful anywhere on this planet. They just chose the easiest place to strike it rich.

I'm sorry about your personal circumstance. Laid off when the job was outsourced? I really am sorry. Shouldn't happen to anybody. Let them depreciate the dollar about 50% against all the asian currencies. Problem solved. (BTW, I am Indian and I was laid off when my job was outsourced. Ironic, right?)

Anyway, the "free trade" model isn't working out. You are the prime example why it should be modified to go "local" and be "local".

Sun, 05/27/2012 - 14:56 | Link to Comment Pure Evil
Pure Evil's picture

Your job was outsourced?

It would be funny if it was outsourced to Pakistan.

Just think, the cockroaches from Pakistan can do your job even faster, cheaper and better.

Outsourced Pakistanies will do the jobs even insourced Hindi in America won't do.

Sun, 05/27/2012 - 12:08 | Link to Comment bharat
bharat's picture

Just guessing you're not American, are you? I'm guessing Pakistani. Fucking terrorist, decided to post on ZH before trying to blow up someone.

Sun, 05/27/2012 - 14:57 | Link to Comment Pure Evil
Pure Evil's picture

Ah, whatever happened to enjoying life a little and hating less?

Sun, 05/27/2012 - 12:13 | Link to Comment Kastorsky
Kastorsky's picture

What? 

You took wrong pill, BluePill. It was acid or something.

Joos run the show. 

Top 1% made up entirely out of jews, when they are only 2% of population.

 

Sun, 05/27/2012 - 11:15 | Link to Comment John Law Lives
John Law Lives's picture

"and that includes the key to super-monetize 900 million users, perhaps a few hundred million more, to the tune of $5, $10 maybe $20 per user… "

It is alarming enough that hundreds of millions of people willingly volunteer significant amounts of personal information about themselves on a forum over which they have no ultimate control of the data... and now people might start PAYING for the right to do so on FB.

100% FUBAR.

Publishing vast amounts of personal information on FB (or on any such forum) is not wise (imho).

Sun, 05/27/2012 - 11:38 | Link to Comment Morrotzo
Morrotzo's picture

Bullshit. As soon as Facebook starts to "monetize" by charging for accounts, charging for accounts that advertise, asking for extra money to make a status update more prominent EVERYBODY. FUCKING. LEAVES.

Ask any Facebook user you know if they'd use FaceBook if it cost 5 dollars a month. You will get an immediate, emphatic "NO!" as the response.

Any attempt to "super-monetize" by charging 20 dollars for any reason whatsoever will bomb gloriously. It will be the final nail in the coffin.

 

 

 

 

Sun, 05/27/2012 - 13:40 | Link to Comment John Law Lives
John Law Lives's picture

"Bullshit."

What are you responding to?  I don't advocate that people PAY to use FB.  I don't advocate that people use FB for FREE.  I think it is wholly unwise to give out massive amounts of personal information on any such forum.  I certainly wouldn't pay for the right to do that on FB.  I don't use FB as it is.

Sun, 05/27/2012 - 14:44 | Link to Comment Pure Evil
Pure Evil's picture

Hey, it worked for cable and the internet. Here we are paying to watch TV and surf the internet and are still bombarded with ads.

Sun, 05/27/2012 - 17:06 | Link to Comment John Law Lives
John Law Lives's picture

I do believe some people would pay a nominal fee to use FB.  Plenty of people are hooked on it.  I wouldn't pay to use it.  I don't use it now.

Sun, 05/27/2012 - 16:53 | Link to Comment Morrotzo
Morrotzo's picture

I was just responding to you thinking that people would pay to use FaceBook. The minute FaceBook tries to become FeeBook is the minute it dies. Nobody will pay to use it. "Super-monitizing" by charging 20 bucks for whatever cockamamie reason will kill the stock dead.

 

 

Sun, 05/27/2012 - 17:08 | Link to Comment John Law Lives
John Law Lives's picture

This is what I said:

"...and now people might start PAYING for the right to do so on FB."

Notice the word, "might", in the sentence.  Aside from that, you are exaggerating if you assert that ~800+ million users will all stop using FB if they are required to pay a nominal fee.  Don't underestimate how many people are hooked on using it.

Sun, 05/27/2012 - 10:44 | Link to Comment scatterbrains
scatterbrains's picture

Given all that, I still think the New York Fed should have stepped in and propped it up if just so as not to spook the sheeple while they are in the middle of executing/offloading the market to the muppets. This kind of thing just makes their job harder.

 

Sun, 05/27/2012 - 10:50 | Link to Comment Heroic Couplet
Heroic Couplet's picture

Finance Sector losses: Everything created by Phil Gramm and the repeal of Glass-Steagall is going to vanish. Everything conntected to the BS derifivatives is going to vanish.

Everything connected to the global real estate bubble is going to vanish. Everything connected to offshoring of US jobs is going to vanish. So if the Finance Sector shrinks, good riddance.

Sun, 05/27/2012 - 10:59 | Link to Comment Rockfish
Rockfish's picture

How to kill a good thing.

Rule 1. Go public.

Rule 2. Get as much as you can upfront.

Sun, 05/27/2012 - 11:01 | Link to Comment jal
jal's picture

Does anyone think that a 21 yr old had the finesse to print money,(IPO), and then sell it to the smartest financial wizard that our financial system has created?

 

I would like to know who were the people behind the curtain, at Facebook Inc., who were instrumental in organizing one of the largest printing scam ever on those who are suppose to know how to mange other peoples money.

Sun, 05/27/2012 - 11:15 | Link to Comment Gully Foyle
Gully Foyle's picture

jal

"Does anyone think that a 21 yr old had the finesse to print money,(IPO), and then sell it to the smartest financial wizard that our financial system has created?"

Sure.

If these  are any indicators of the possible.

http://www.dailytech.com/High+School+Freshman+Confounds+Researchers+Inve...

High School Freshman Confounds Researchers, Invents New Pancreatic Cancer Test

http://www.dailymail.co.uk/news/article-2150225/Shouryya-Ray-solves-puzz...

Schoolboy 'genius' solves puzzles posed by Sir Isaac Newton that have baffled mathematicians for 350 years
Sun, 05/27/2012 - 14:33 | Link to Comment Joe The Plumber
Joe The Plumber's picture

These are the things that give me hope for mankind.

Productivity breakthroughs are the cause of advancing standards of living.
Governments can only harm productivity and delay it temporarily, but cannot stop human ingenuity permanently as long as we dont kill off our species first

Sun, 05/27/2012 - 11:29 | Link to Comment williambanzai7
williambanzai7's picture

ADD TO FRIENDS

Sun, 05/27/2012 - 11:33 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Is anybody else getting sick of facebook?

What is the latest on the corzine hearings or negotiations with JPM?

Whats Paris Hilton up to?

Sun, 05/27/2012 - 11:41 | Link to Comment Centurion9.41
Centurion9.41's picture

Yea, Wall Street is filled with amoral scum who will unload their product at the highest price to the most ignorant they can find.

But the same amoral ethics, doing the same thing, can be found all over business and politics.

Politician's promise all sorts of BS to people to get... elected to money influencing positions...

Unions promise all sorts of BS to worker to get... elected to money influencing positions...

Voters have consistently voted to have others, politicians, take money and property of others to "protect", enrich & reduce the cost of living for themselves...e.g. "social security", "free" healthcare, "free" education, etc.

Of course the politicians and Wall Street do not respect the people of the US or Europe.

Why should they? The voters don't have the guts or honor of even common thieves who at least do their dirty work for themselves.

The West is filled with hypocrites and doesn't stand a chance until it stops SOBing like a child trying to maniuplate its parents.

Guys like Ben, are the greatest of hypocrites. Or the most ignorant of SOBing children.

Sun, 05/27/2012 - 11:55 | Link to Comment gatorengineer
gatorengineer's picture

The show is only getting started, wait till you see the list of the main holders (bag holders) of facebook are.  I will give you 10 to 1 odds that CALPERS is a top ten holder (see how many other state pension funds are in at the trough).... at the end of the day it will be the tax payer who gets friended.....

Sun, 05/27/2012 - 12:40 | Link to Comment A Lunatic
A Lunatic's picture

Ask me how my Mothers Cousins Sisters brother got filthy rich selling celery in Farmville.

Sun, 05/27/2012 - 12:40 | Link to Comment Downtoolong
Downtoolong's picture

the blame game.

I'm guessing some of the lawsuits rising over this Facebook IPO might last longer than Facebook at this point.

I really don't see how the company could ever hope to raise additional equity capital again. Their only hope going forward is a total buyout of some kind, probably by a large media company. Is it coincidence that Sheryl Sandberg, Facebook's COO is on the board of Disney? It may already be part of the master plan. But not at $38, or even $30 I bet.

Sorry all you FB IPO Zuckers, you may have just commit yourself to the middle of a five-way getting effed by Sheryl, Mickey Mouse, Donald Duck, and Goofy. I don’t want to buy any Facebook shares, but, I might pay $38 for a ticket to watch that spectacle.

Sun, 05/27/2012 - 12:56 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

Facebook Sons Of BitcheS

Sun, 05/27/2012 - 13:11 | Link to Comment Fake Jim Quinn
Fake Jim Quinn's picture

Oh please -- don't cry for these people. They all went in figuring the IPO will pop and they'll make a quick exit buck. How many of those buyers -- now effed -- did real analysis? The analysts with strong post IPO records who look at these sort of things said FB is mid 20s, maybe less value. You know fools and their money are soon parted. 

Sun, 05/27/2012 - 14:08 | Link to Comment Tinky
Tinky's picture

 

“There is something vaguely dystopian about oppressed peoples in Syria or Iran seeking dignity and liberation inside a corporate sovereign that is, for its part, creating great wealth for its founders and asserting control over its users.” – Steve Coll for The New Yorker: Why I’m Leaving Facebook

 

Sun, 05/27/2012 - 14:14 | Link to Comment Alex Kintner
Alex Kintner's picture

NO ONE WILL EVER PAY to use Facebook. Was that really part of the business case they presented to investors? Now Fuckbook, yes, people will pay (and have paid) for that.

Sun, 05/27/2012 - 14:38 | Link to Comment Joe The Plumber
Joe The Plumber's picture

Lol
Facebook is a fuckbook and seems to be the leading facilitator of affairs. That high school sweetheart you never fucked? You can find her on facebook.

I scored with one, got called creepy by another. And grooming a third. I will take a 500 batting average.

It might be worth paying for. Let women register free and guys pay 20 bucks a year. I would do it

Sun, 05/27/2012 - 15:03 | Link to Comment Pure Evil
Pure Evil's picture

Yeah, but by the time you find that ole sweetheart on fuckbook she's had her brains fucked out about 20,000 times, has three mongreloid kids from three different fathers, and has blown up to over 300 lbs.

Mon, 05/28/2012 - 00:11 | Link to Comment SheHunter
SheHunter's picture

and you?  soft white belly hanging over your belt, half hard and smell like pabst?

Sun, 05/27/2012 - 15:19 | Link to Comment falak pema
falak pema's picture

facebook is just the expression of a social mindset of modern greenback worshipping society... something for nothing and too bad for the others. AMerica has just become an economic casino game without any values. The only one that really counts is : just don't get caught!

Sun, 05/27/2012 - 15:46 | Link to Comment Dburn
Dburn's picture

yes...fuckbook....pay...

Sun, 05/27/2012 - 15:20 | Link to Comment falak pema
falak pema's picture

Puritan america  and its knee-jerk against its own mirror image, as it morphs. Is THAT ME??? Is that MEEEEE?

The seven deadly sins, and bible carrying knee jerk. What happened to simple logic and secular ethics. Why go back to a dogmatic set of rules that have spawned an Inquisitorial church and Eight Crusades, and umpteen religious wars over two thousand years. Grow up and become logical people who don't rely on  dogmatic logic and irate puritan revulsion that is just as pathetic as avarice for untold wealth, that makes others poor beyond despair. Faith, hope and charity; ....ok be christians but keep those three words in mind. That's all spirituality ever taught us. From ALL religions. And the inward eye to cure it, not the outward eye...to abhor its anti christ, 'cos that generates more hate for the OTHER, all the others,  than any human can afford. Don't be suckers for that. Hate and bogey man bait. That's part of being pure, so pure that all those others appear IMPURE, to the point of no return. Have to cleanse them all. 

Sun, 05/27/2012 - 15:12 | Link to Comment mjk0259
mjk0259's picture

Fiasco for bullish speculators. The FB guys got tons of money in reward for their 'innovation' and the utility they seem to provide to all the people who like using it. That's how it's supposed to work in capitalism. I don't use it or see the attraction but it's not like FB went bankrupt with big debts. Just some suckers lost money, for now. The stock still might soar even if they make very little profits. Look at AMZN or before them SUN, YHOO, sock puppet,etc.

Sun, 05/27/2012 - 15:20 | Link to Comment Whoa Dammit
Whoa Dammit's picture

The One True Religion of today is Fundamentalist Materialism.

The only sin is not having enough money, but paradoxically there is never enough.

Sun, 05/27/2012 - 15:43 | Link to Comment Pure Evil
Pure Evil's picture

"Enough", for me is when I have more than everyone else put together.

"Greed is good."  Gordon Gekko.

Sun, 05/27/2012 - 16:07 | Link to Comment Floodmaster
Floodmaster's picture

 

Facebook, Google, YouTube, Wikipedia, Yahoo, Zynga, GroupOn, Amazon, Yelp..The Jews own the Internet.

 

Sun, 05/27/2012 - 16:44 | Link to Comment dlc
dlc's picture

32nd anniversary, hmmm?  That's 2^^5 or 10000 in binary--a nice round number.  Significant?  Perhaps if we consider some supposin' within http://bible.org/seriespage/babylon-seen-scripture-introduction-rev-17-18 in conjunction with the, ah, revelations coming out of the Vatican recently.  The "lady" mentioned by Tyler is no mystery to Babylon.  This angle bears monitoring as the future continues to unfold. YMMV, of course.  :-)

Sun, 05/27/2012 - 23:53 | Link to Comment boogerbently
boogerbently's picture

FB has only sold half the number of it's shares.

More "selling" (pain) to come!

Mon, 05/28/2012 - 04:57 | Link to Comment Me_Myself_and_I
Me_Myself_and_I's picture

I'm not sure people love Facebook. I think they like connecting with their friends and such... but given Facebooks authoritarian control over the page design, the despised "timeline" and so on.. they like what it does, not Facebook itself.  The brand is not what people rave about.  It's the social positioning and preening for their peers that they crave. 

Plus like any company, a big swath of these 900 million 'registered' users are dormant or inactive.. heck, what's the policy for removing the page of one who passes on?

Several of my friends have created pages for their pets, and a couple of their kids, registered their stuffed dolls. 

Good luck monetizing ole' fluffworth pinky.  (on the plus side, pinky doesn't have a mobile device so those monetized dollars aren't going anywhere)

Facebook can absolutely monetize... they don't even need to monetize all customers but a rich subsegment.. but that doesn't appear to be happening anytime soon.   They are partying like a dot-com with their retreats and offsites and fun-game stuff we're all so fond of.  This is not conducive to monetization, because little of this (billion dollar instagram??) have a focus on ROI. 

Google does allow experimentation, but pulls the plug on projects that do not meet management targets, and this has been good for the stockholders.

Facebook disdains its users by example of its authoritarian control over users sites.  Humility and listening are not in the company's DNA.  If Facebook is a failure at responding to it's customer, then I doubt it has the wherewithall to understand what the Market wants to see.

 

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