TeenBook: FB Drops Under $20 For First Time Ever

Tyler Durden's picture

"Surely not" screams California's Comptroller. "Surely, Yes" sneers Knight Capital's self-aware destructo-capital algo. Faceberg just broke a monumental barrier, trading back into the teens for the first time - somewhere the Winkelvi are bathing in a salty pool of Schadenfreude.

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Neethgie's picture

It will drop to below where manchester united IPO, then its a full on race to the bottom

RockyRacoon's picture

Shows ya what can happen when the main driving force of a business is ego rather than a profit model.

AnonymousCitizen's picture

<-- Not Surprised

<-- Surprised

The Big Ching-aso's picture



 Right now in the California Governor's restroom.........................

"Jerry, about the bullet train.   Facebook is taking it in the shorts as you well know."

"I'm well aware of that.   We'll just build it to whatever point we run out of cash."

"Ok, but that's not gonna take it very far."

"I think halfway to Bakersfield is still going pretty far."



Jay Gould Esq.'s picture

It would appear that Governor Moonbeam's state fiscal condition is riding on little but a wing and a prayer. Indeed, he has nothing more to ride, until "magic" bullet train service to the Romaine lettuce fields of Bakersfield is inaugurated.

TruthInSunshine's picture

  'Like' this comment

  tweet this


Facebook's new muppet pitch: 

"We realized you loved us at $42, so here's why you should love us even more in the tweens, and lower still.


Folks, let's discuss cost averaging..."


Facebook = an already dying business model in terms of being able to effectively monetize any activity of its users, who not only tune out advertising on facebook, but are beginning to shun facebook as a social network platform altogether (for a variety of deeply entrenched and deeply trending reasons).

Poor California. They bet the ability to make this year's state employee payroll on facebook @ $35+.

Zuckerberg: Yeah so if you ever need info about anyone at Harvard

Zuckerberg: Just ask.

Zuckerberg: I have over 4,000 emails, pictures, addresses, SNS

[Redacted Friend's Name]: What? How'd you manage that one?

Zuckerberg: People just submitted it.

Zuckerberg: I don't know why.

Zuckerberg: They "trust me"

Zuckerberg: Dumb fucks

El Oregonian's picture

...All you need the train to reach is FEMA REGION IX Re-education camp. And the BONUS: We'll cut the costs of the project in half because The return tracks will not be necessary.

Mr Pink's picture

My prediction...when faceplant is selling for 24 cents a share the Winklevoss twins will buy the company using their settlement money and then demote Suckerberg to janitor

NotApplicable's picture

That would be funny. I'm betting the CIA will take it back to private first, though. I'm sure they've got some spending money laying around somewhere.

DosZap's picture

It will drop to below where manchester united IPO, then its a full on race to the bottom

Hahahaha, with a 41% decrease in GM earnings, I wonder where the $600 million they pledged will come from?.

ObaMao's investment of our tax dollars isn't paying off.

surf0766's picture

communism never works

augustusgloop's picture

i would say FB = YHOO

Business (attach scare quotes if you like) overwhelmed by shifting models -> YHOO's muddled portal / mail / search (or whatever they were trying to be) eaten by GOOG : FB's fustian social model by mobile, etc.  

Zuckerbook will eke it out as a low billion dollar company.


Moon Pie's picture

FB < YHOO + MySpace

MySpace = negative equity

vast-dom's picture

PE = $5 minus the damage control minus the tarnished more at shit image minus the fake 80% bot-gamed ad rev = FUCKBOOK $2.89


And I'm being fucking generous here!

vast-dom's picture

What does a muppet sheeple look like? Elmo+Sheep=Sheeple Muppet? 

azzhatter's picture

And MDB is still dollar cost averaging

marz929's picture


bdc63's picture

... last seen drinking Cristal poolside in the Hamptons ... why do you ask?

TruthInSunshine's picture

Rumor has it that The Hon. Jon S. Corzine is preparing a bid to buy PFG & Knight Capital (once it files for BK and discharges creditor claims) out post-Bankruptcy proceedings, and then combine them into an entity that will petition for and receive primary dealer status from the NYFRB.



Former United States Senator (D-NJ), Former Governor of New Jersey, Former CEO of Goldman Sachs, Former CEO of MF Global (a former Primary Dealer), and prominent Obama Bundler.

Unprepared's picture

His latest facebook update was "I'm wayyyyyyyyyy ahead of the curve!"

Bicycle Repairman's picture

Where is the PPT?  Doesn't this have some important implications?

Money 4 Nothing's picture

Downtown Lower Manhatten, not that I've been checking.....

alien-IQ's picture

another $18 to fall and I'm buying.

sdmjake's picture

I have had standing BUY orders at $1.82 since the IPO...at this rate they'll fill by Labor Day.

The Big Ching-aso's picture



This is looking like Bukakibook.

Thoth's picture

No, I would probably actually use Bukakibook

NotApplicable's picture

Well, that's only about $3 more than it's worth.

RockyRacoon's picture

Winkelvi, indeed.  The smug satisfaction is palpable.

Never One Roach's picture

1 FB share < 1 oz silver


As die Welt Turns

drink or die's picture

reposting for lols:


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.

Neethgie's picture

i feel sorry for him,  because he got suckered into the wall street sales team. he is a victim and usefull idiot for wall street.

sdmjake's picture

 ...there is an old saying about a Fool and his [and Mom's] money.

aerojet's picture

I wonder if he got kicked out of his Mom's basement after losing so much of her money?

whstlblwr's picture

Not everyone is a trader. I remember when they told me not to buy WFM at $20.00

I have facebook, but this is a fucking cliff dive.

NotApplicable's picture

She can't! He's the only retirement option she has left.

malikai's picture

Suckerberg appreciates Mr. Hodges' support.

ebworthen's picture

Mr. Hodges and his Mother confused quantity with quality, perception with reality, and gambling with saving.


Shizzmoney's picture

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.

I need to invite this guy to my poker game.

Nobody For President's picture

Why? He won't have any more money to lose.

Fred Hayek's picture

Too bad it never ocurred to Mr. Hodges that he knew *nothing* about this that everyone else did not also know. 

Yet, he was somehow convinced that it was going to rocket upward in price.  On what basis?  Great value that no one else had seen?  Determined how? 



BlueCollaredOne's picture

The fact that I remember that exact passage tells me that I haven't been drinking as heavily as I thought I have been. 

Reading zerohedge definitely has increased my alcohol intake. 


It's funny how he say's he "missed out on groupon."  When facebook IPO'ed, groupon had already lost over 50% of its initial listing price.  You can't get any dumber than this guy...

Race Car Driver's picture


> "To me, he's a genius. You know, he created something for the whole world...


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