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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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Thu, 08/02/2012 - 12:45 | 2672720 Neethgie
Neethgie's picture

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

Thu, 08/02/2012 - 12:48 | 2672740 RockyRacoon
RockyRacoon's picture

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

Thu, 08/02/2012 - 13:31 | 2673004 AnonymousCitizen
AnonymousCitizen's picture

<-- Not Surprised

<-- Surprised

Thu, 08/02/2012 - 13:40 | 2673038 The Big Ching-aso
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."



Thu, 08/02/2012 - 13:54 | 2673116 Jay Gould Esq.
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.

Thu, 08/02/2012 - 15:18 | 2673354 TruthInSunshine
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

Thu, 08/02/2012 - 14:59 | 2673409 El Oregonian
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.

Thu, 08/02/2012 - 15:15 | 2673468 Tippoo Sultan
Thu, 08/02/2012 - 14:16 | 2673231 Mr Pink
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

Thu, 08/02/2012 - 15:17 | 2673482 NotApplicable
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.

Thu, 08/02/2012 - 12:50 | 2672751 DosZap
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.

Thu, 08/02/2012 - 15:01 | 2673414 surf0766
surf0766's picture

communism never works

Thu, 08/02/2012 - 13:03 | 2672843 OpenEyes
OpenEyes's picture

Facebook =

Thu, 08/02/2012 - 13:06 | 2672862 SwimmininNawlins
SwimmininNawlins's picture

facebook = (mup)

Thu, 08/02/2012 - 14:22 | 2673254 augustusgloop
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.


Thu, 08/02/2012 - 16:19 | 2673801 Moon Pie
Moon Pie's picture

FB < YHOO + MySpace

MySpace = negative equity

Thu, 08/02/2012 - 13:16 | 2672914 vast-dom
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!

Thu, 08/02/2012 - 13:19 | 2672941 The Big Ching-aso
The Big Ching-aso's picture




Thu, 08/02/2012 - 13:29 | 2672993 vast-dom
vast-dom's picture

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

Thu, 08/02/2012 - 13:30 | 2672999 The Big Ching-aso
The Big Ching-aso's picture



You mean like while bent over a tree stump?

Thu, 08/02/2012 - 14:17 | 2673237 vortmax
Thu, 08/02/2012 - 14:22 | 2673259 azzhatter
azzhatter's picture

And MDB is still dollar cost averaging

Thu, 08/02/2012 - 12:46 | 2672723 marz929
marz929's picture


Thu, 08/02/2012 - 12:50 | 2672748 bdc63
bdc63's picture

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

Thu, 08/02/2012 - 15:17 | 2673477 TruthInSunshine
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.

Thu, 08/02/2012 - 12:54 | 2672788 Unprepared
Unprepared's picture

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

Thu, 08/02/2012 - 13:05 | 2672852 Bicycle Repairman
Bicycle Repairman's picture

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

Thu, 08/02/2012 - 13:45 | 2673078 Money 4 Nothing
Money 4 Nothing's picture

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

Thu, 08/02/2012 - 12:46 | 2672724 alien-IQ
alien-IQ's picture

another $18 to fall and I'm buying.

Thu, 08/02/2012 - 12:53 | 2672777 sdmjake
sdmjake's picture

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

Thu, 08/02/2012 - 13:46 | 2672889 The Big Ching-aso
The Big Ching-aso's picture



This is looking like Bukakibook.

Thu, 08/02/2012 - 16:08 | 2673743 Thoth
Thoth's picture

No, I would probably actually use Bukakibook

Thu, 08/02/2012 - 15:20 | 2673501 NotApplicable
NotApplicable's picture

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

Thu, 08/02/2012 - 14:23 | 2673268 Nobody For President
Nobody For President's picture


Thu, 08/02/2012 - 12:46 | 2672726 RockyRacoon
RockyRacoon's picture

Winkelvi, indeed.  The smug satisfaction is palpable.

Thu, 08/02/2012 - 12:46 | 2672727 buzzsaw99
buzzsaw99's picture

no mojo

Thu, 08/02/2012 - 12:47 | 2672730 Never One Roach
Never One Roach's picture

1 FB share < 1 oz silver


As die Welt Turns

Thu, 08/02/2012 - 12:47 | 2672731 drink or die
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.

Thu, 08/02/2012 - 12:49 | 2672743 Neethgie
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.

Thu, 08/02/2012 - 13:03 | 2672841 sdmjake
sdmjake's picture

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

Thu, 08/02/2012 - 13:33 | 2673017 aerojet
aerojet's picture

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

Thu, 08/02/2012 - 13:37 | 2673028 whstlblwr
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.

Thu, 08/02/2012 - 15:22 | 2673510 NotApplicable
NotApplicable's picture

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

Thu, 08/02/2012 - 12:50 | 2672753 malikai
malikai's picture

Suckerberg appreciates Mr. Hodges' support.

Thu, 08/02/2012 - 12:55 | 2672792 ebworthen
ebworthen's picture

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


Thu, 08/02/2012 - 12:58 | 2672811 Shizzmoney
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.

Thu, 08/02/2012 - 14:26 | 2673280 Nobody For President
Nobody For President's picture

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

Thu, 08/02/2012 - 13:00 | 2672819 Fred Hayek
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? 



Thu, 08/02/2012 - 13:15 | 2672828 BlueCollaredOne
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...

Thu, 08/02/2012 - 13:09 | 2672885 Race Car Driver
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!"

Thu, 08/02/2012 - 13:19 | 2672945 Linus2011
Linus2011's picture

basically he bought a piece of suckerbergs 100000$ gold encrusted toiled bowl for him.

Thu, 08/02/2012 - 13:40 | 2673045 Meesohaawnee
Meesohaawnee's picture

that was a true story. very much remember reading that because i felt so bad for his mom.

Thu, 08/02/2012 - 13:52 | 2673106 LFMayor
LFMayor's picture

Why, it was that dumb bitch who raised him.

Thu, 08/02/2012 - 14:50 | 2673379 A Nanny Moose
A Nanny Moose's picture

Perhaps so, but he was likely also a product of the publicly funded education system.

Thu, 08/02/2012 - 14:46 | 2673364 Inthemix96
Inthemix96's picture

drink or die,

Cheers mate, I dont think I have laughed as hard for months.  Seriously though, does any one of you lot really believe this bag of shit would do anything other than tank?  I sit at the sidelines watching stupid fuckers throw not just theirs, but their familys money into the drain.

Idiots, one and all, if it is not batshit obvious by now ZHers, stay away from people who will take all you have left.

And then come for your shirt....

Thu, 08/02/2012 - 12:47 | 2672732 Joebloinvestor
Joebloinvestor's picture

Congrats to all who had the foresight to short this pig.

Thu, 08/02/2012 - 13:10 | 2672891 Landrew
Landrew's picture

The day options traded, the options were so rich on both sides I didn't bite to my loss. Some times the over price has value, lesson learned.

Thu, 08/02/2012 - 12:47 | 2672735 Itch
Itch's picture

Technical support kicks in at $0.

Thu, 08/02/2012 - 12:58 | 2672810 Unprepared
Unprepared's picture

Absolute or relative zero?


Hedge accordingly.

Thu, 08/02/2012 - 12:49 | 2672744 crawldaddy
crawldaddy's picture

Let see, Im gonna have a huge party, have everyone I know there....  whats that, how am I going to pay for it?  damned if I know.

Thu, 08/02/2012 - 12:49 | 2672746 CClarity
CClarity's picture

Look at the very short term 1 month Tbill - moved from .06 to .03 this morning.  30 year moved from 2.57 to 2.53.  Signalling what?

Thu, 08/02/2012 - 12:53 | 2672776 crawldaddy
crawldaddy's picture

a flight to anything remotely considered safe. SPain and Greece are actually starting to run out of money, not in the usual spreadsheet nonsense, but in the actual,  you aint getting paid sense.  The fan is about to be turned on, and the shit buckets are being filled.

Thu, 08/02/2012 - 13:17 | 2672935 Landrew
Landrew's picture

What I am looking for is the 1% 20 yr. and we are very close. The bond bubble may make all other bubbles look small? Rates are neg. all the way out to 10yrs. Friends ask me what to do with their extra cash? I tell them to buy their kids mortgages and credit card debt in return for double the 10yr U.S.T. all sides win (of course good credit history still applies). So far I have seen many smiles from both sides. What does anyone else think? Savers have been crushed by LIEbor and the Fed if the kids don't pay it's a gift. If your kids cheat you money has no value anyway. Sad days for savers needing income. O'Bummer will be the end of all savers!

Thu, 08/02/2012 - 13:59 | 2673129 dark pools of soros
dark pools of soros's picture

This harkens back to the ZH comments of old...  put it in the tomb


we do have an historian don't we???  or just WBanzai art in the time capsule?



Thu, 08/02/2012 - 12:49 | 2672747 DCFusor
DCFusor's picture

Thanks Joeblo...I only wish I'd shorted it more than a token amount, and a little earlier.

Thu, 08/02/2012 - 12:50 | 2672755 Conman
Conman's picture

Pretty sure the Winklevii got stock as thier settlement. meaning this is not good for them.

Thu, 08/02/2012 - 12:52 | 2672762 DosZap
DosZap's picture

Zookerborg needs to rename the company to FACE PLANT.

Thu, 08/02/2012 - 12:51 | 2672763 RSloane
RSloane's picture

Don't cry for them, California.

Thu, 08/02/2012 - 12:51 | 2672764 MrBoompi
MrBoompi's picture

A "realistic" valuation based on expected revenues (not that that matters anymore) was $8/share, IMO.  But this was before I read the possibility exists that Facebook ad revenues might be manipulated by bots.  If 80% of the ad revenue is generated by phanton bot clicks, maybe $2/share is asking too much......

Thu, 08/02/2012 - 13:40 | 2673047 aerojet
aerojet's picture

My own assessment pre-IPO was $5.  We would be calling Zuck an idiot for leaving so much money on the table right now if they had done that, and maybe it was not even technically feasible to bother with an IPO at such a low valuation.  I try to get inside the heads of these Wall Street sociopaths--I keep going back to "Silence of the Lambs" for reference material.

Thu, 08/02/2012 - 14:01 | 2673157 dark pools of soros
dark pools of soros's picture

mine was $4 with a hype encrusted floor at $10

Thu, 08/02/2012 - 12:52 | 2672772 youngman
youngman's picture

There was am article yesterday on how California's tax revenue is going to drop way more than they were expecting because of the falling price of Facebook....i am sure the Government has already spent the windfall...or so they thought....

Thu, 08/02/2012 - 14:03 | 2673165 dark pools of soros
dark pools of soros's picture

they'll do what Chicago does and sell 100 year leases on everything and blow the money in 2 years

Thu, 08/02/2012 - 12:52 | 2672774 rguptatx
rguptatx's picture

When did FB announce a 2-for-1 split?

Thu, 08/02/2012 - 12:54 | 2672786 doc_in_the_house
doc_in_the_house's picture

when flopbook went public

i wanted to short it @ $45 = but not available to short

@ 26 i bought and SOLD @ $30...watched them go to $33 = me NOT A STUPID PERFORMANCE CHASER.

Now @ $20 or so...will become a buyer @ $14, $13 BEFORE dead cat bounce to $19 and sell !

Thu, 08/02/2012 - 13:04 | 2672845 SwimmininNawlins
SwimmininNawlins's picture

Cool story bro

Thu, 08/02/2012 - 13:07 | 2672868 dow2000
dow2000's picture


Thu, 08/02/2012 - 13:33 | 2673016 doc_in_the_house
doc_in_the_house's picture

i wouldn't be surprised if floopbook

bounces from 19 and is pumped to mid twenties...i woulnd't short now...may wait for mid 20s to short.

but i'll be a temporary buyer in low teeens = and sell dead cat bounce.

Thu, 08/02/2012 - 14:05 | 2673174 dark pools of soros
dark pools of soros's picture

yeah next lock goes off in Nov..  you better bounce that kittie before then

Thu, 08/02/2012 - 14:04 | 2673169 alien-IQ
alien-IQ's picture

Just wait til he gets to the part when Jessica Alba proposes to him but he turns her down for not being hot enough. It's a real page turner.

Thu, 08/02/2012 - 13:05 | 2672855 BlueCollaredOne
BlueCollaredOne's picture

And here I was, thinking to myself, "I wonder how doc_in_the_house played facebook." 

Get the fuck out of fight club douche

Thu, 08/02/2012 - 13:38 | 2673033 doc_in_the_house
doc_in_the_house's picture


who lives in a 1 minute latest trades = shorted last fri spx @ 1386 = ROOOOOODE til today  @ 1360 =i covered..don't care that it went to 1355.

now in cash waiting for 1375 to reshort and ride to sub 1300 b4 dead cat above 1300 and ride to sub 1100.

last fri shorted EUR @ 1.232..covered today @ 1.2161 @ 4X leverage....waiting for 1.225+ to reshort....

and how much did you make in 1 LOOOOOOONG minute?? = PEANUTS!! LOL !!!!!

Thu, 08/02/2012 - 14:02 | 2673161 alien-IQ
alien-IQ's picture

I do believe your prescription is in dyer need of upgrade and refill.

Thu, 08/02/2012 - 13:38 | 2673034 doc_in_the_house
doc_in_the_house's picture


who lives in a 1 minute latest trades = shorted last fri spx @ 1386 = ROOOOOODE til today  @ 1360 =i covered..don't care that it went to 1355.

now in cash waiting for 1375 to reshort and ride to sub 1300 b4 dead cat above 1300 and ride to sub 1100.

last fri shorted EUR @ 1.232..covered today @ 1.2161 @ 4X leverage....waiting for 1.225+ to reshort....

and how much did you make in 1 LOOOOOOONG minute?? = PEANUTS!! LOL !!!!!

Thu, 08/02/2012 - 15:51 | 2673668 TIMBEEER
TIMBEEER's picture

Wow, doc_in_the_house, I believe you. I really do! Can I join you in the Dark Side? The force is strong in me!

Thu, 08/02/2012 - 13:09 | 2672880 tarsubil
tarsubil's picture

You are a genius and can never lose. Whatever you do, don't stop playing.

Thu, 08/02/2012 - 13:41 | 2673050 CCanuck
CCanuck's picture

Ya, well my friends Mom makes $1543 per hour working from her computer after being laid off from $5 an hour job!!!!

Beat that douche_in_the_House.

Thu, 08/02/2012 - 14:08 | 2673189 dark pools of soros
dark pools of soros's picture

I'm canceling my subscription - she doesn't DP anymore

Thu, 08/02/2012 - 18:57 | 2674275 CCanuck
CCanuck's picture

Im told it's a temp medical thing, she will be ready once the meds kick in.

In the meantime she is serving up Tossed Salad and Dirty Sanchez'z


Thu, 08/02/2012 - 12:55 | 2672791 Neethgie
Neethgie's picture

I destest the way bloombergtv has washed its hands of this, especially when all the talking heads were pumping it big time, they were talking about 70$ a share ect, they basically led muppets to the goldman slaughterhouse.

Thu, 08/02/2012 - 13:10 | 2672893 doc_in_the_house
doc_in_the_house's picture

let me tell u about bloomberg:

alexis steel on june 4th:  "short the rallies bc its BEEN working" = me short cover my spx 1400+ shorts @ 1265. = SHOE SHINE girl calling the BOTTOM (temp bottom)

yesterday with pimm fox she says: " a short squeeze is coming" = announcing the TOP..actually i shorted last fri @ 1386 and just covered today @ 1360...waiting for 1375+ to reshort....waiting in 100% cash.

Thu, 08/02/2012 - 13:24 | 2672970 RSloane
RSloane's picture

Its not only Bloomberg. CNBC was all over itself pushing the stock. Cramer, in his usual screaming harpie mode, pushed FB so hard I knew it had to be bad. Cramer reversed his position so many times as FB fell it stymied even CNBC. Someone should drag that fucking idiot off TV with a crooked staff around his neck, but unfortunately he will never be liable for his stunning ignorance.

Then CNBC wonders why their viewership is falling off the cliff.

Thu, 08/02/2012 - 13:45 | 2673077 doc_in_the_house
doc_in_the_house's picture


but can't stand listening to i just sometimes READ his market recaps and "PRICELESS ADVICE" from his website.

NFLX @ $300 = he says BUY = me short

SLV @ $45 = he says BUY = me short

AAPL @ $629 = he says: $1000 makes ARITHMETIC SENSE  = me short

gold @ 1800+ on vet day, 2011 he says buy = me short

i got plenty of OTHER SHOE SHINE BOYZ n GIRLS...he's been fired from my liste simply bc i can't tolerate him by sight  or hearing.

Thu, 08/02/2012 - 13:42 | 2673057 aerojet
aerojet's picture

But as we learned in 2001-2003, all financial media is designed to do only that!

Thu, 08/02/2012 - 13:48 | 2673087 doc_in_the_house
doc_in_the_house's picture


haven't you heard about the newsweek covers? the MAINSTREAM MEDIA = STUPID PERFORMANCE CHASERS...everywhere i see shoe shine boz n girls.  whether its bloomberg or cnbc or print media = performance chasers.

i remember in feb/march 2000 NEWSWEEK COVER = "everybody is getting RICH , except ME!!!" = sell and short !!!

Thu, 08/02/2012 - 13:55 | 2673118 alien-IQ
alien-IQ's picture

Hey, Captain Obvious...this is ZH. You're preaching to the choir.

Thu, 08/02/2012 - 14:11 | 2673192 BlueCollaredOne
BlueCollaredOne's picture

doc is one of our newest trolls, and a damn good one.

Every post of his is an annoying, oddly formatted rant about his amazing investments.  No grown man could be this needy for attention, so that tells me he is a fake. 


Thu, 08/02/2012 - 14:37 | 2673330 doc_in_the_house
doc_in_the_house's picture

keep it real baby!!

the PROFITS ARE REAL...even though i get paid in monopoly printed money. gimme gold to $300 and i'll convert my funny money.

Thu, 08/02/2012 - 14:58 | 2673407 Hippocratic Oaf
Hippocratic Oaf's picture

Don't take it personal doc

There's a general understood rule here on ZH.................


Thu, 08/02/2012 - 19:20 | 2674334 duckarooni
duckarooni's picture

bloomberg tv = advertorial tv

Thu, 08/02/2012 - 19:32 | 2674362 mendolover
mendolover's picture

Well just look at who the douche network is named after.

Thu, 08/02/2012 - 12:55 | 2672794 Lohn Jocke
Lohn Jocke's picture

But Zuckerbutt posted all those really gread ads in the middle of my timeline!! I've been clicking them by mistage like crazy!

Thu, 08/02/2012 - 19:31 | 2674355 mendolover
mendolover's picture

Yes!  And if you notice when you post something and you get the 'your message has been posted box' with the close button,  if you miss hitting the close button as it vanishes on it's own, you are clicking on an ad.  Sneaky douches!


Thu, 08/02/2012 - 12:56 | 2672799 Totentänzerlied
Totentänzerlied's picture

Couldn't have happened to a more deserving, customer-abusing, Dot Com Bubble 2.0 company and its incompetent smug douchebag CEO.

Thu, 08/02/2012 - 13:16 | 2672928 ArrestBobRubin
ArrestBobRubin's picture

You left out "hoodie-wearing". He should be maimed if only for that :-)

Thu, 08/02/2012 - 12:56 | 2672802 LoneStarHog
LoneStarHog's picture

Oh! No! Facebook is a teenager with zits upon zits.  Can even Jessica Simpson help with ProActive?

Hey, MillionDollarBonus, start squeezing those zits!

Thu, 08/02/2012 - 14:50 | 2673375 HungrySeagull
HungrySeagull's picture

And braces. Don't forget the horrible braces.


I saw one today... zits and braces. ugh.


Today's ugh will be tomorrows's most chased after hottie.

Thu, 08/02/2012 - 12:57 | 2672804 tarsubil
tarsubil's picture

["Surely, Yes" sneers Knight Capital's self-aware destructo-capital algo.]


That is one of the funniest things I've ever read on ZH.

Thu, 08/02/2012 - 13:00 | 2672813 ArrestBobRubin
ArrestBobRubin's picture

Critical Lessons From The Facebook Scam: A Blast From The Past

After you read this article, I highly recommend that you read the 5-part series on Facebook (Part 1   Part 2   Part 3   Part 4   Part 5) because it contains additional critically important points that all users of Facebook should be aware of. As well, it contains some very valuable lessons about the investment process that I can guarantee you will not see, hear or read about elsewhere.


Thu, 08/02/2012 - 13:03 | 2672818 ebworthen
ebworthen's picture

Time for the FED to get Goldman Sachs to create "SMBS" (Social Media Backed Securities) so the FED can buy a bunch.

Treasury to offer tax deductions for number of photos posted to your timeline and hours playing Farmville.

Virtual corn, soybean, and wheat crops to be offered on the commodities market.

London to rehypothecate SMBS's and sell to PIIGS and CALPERS.

Jerry Brown to ask Linda Ronstadt to post old photos of their dating days to Facebook.

Timmy Geithner to do commercials promoting the patriotic virtues of buying SMBS bonds.

Thu, 08/02/2012 - 13:00 | 2672820 Downtoolong
Downtoolong's picture

The most pathetic thing of all has to be Facebook's PR department. Not one public appearance of management or announcement of why they think this is happening, how they plan to deliver for investors, etc. etc.

Not that it would matter, because, no one believes a word of anything they say now.

The actions of senior management have been speaking louder than words since before the IPO launch. It's time to bail and fail, and it isn't over yet.



Thu, 08/02/2012 - 13:13 | 2672899 tip e. canoe
tip e. canoe's picture

*** pump em -n- dump em ****

just wait til everyone figures out that their entire revenue model is propped up by Zuckerbots (as seen first here on the hedge)

Thu, 08/02/2012 - 14:07 | 2673187 Hexagon Sun
Hexagon Sun's picture

This is most likely due to the fact that the "senior" management is just a bunch of 20 year olds who probably have no idea that they should be making such statements, or feel they don't have to conformt to such conventions because, well, they're Facebook, and they're special--unlike those "old school" companies that like, you know, actually make or do stuff.

I went to interview for new job with a solar development firm whose offices are in the Zynga building. The entire place was just filled with 20-somethings running around in t-shirts, playing ping pong and video games. All I could think was, "aren't there any adults here at all?" and "no wonder your stock is fucking tanking." There was a free kombucha bar in on the main floor, however.

Thu, 08/02/2012 - 13:11 | 2672898 yogibear
yogibear's picture

.com = .socialmedia.

A whole slew of hype'd money business models.




Thu, 08/02/2012 - 13:16 | 2672927 Linus2011
Linus2011's picture

am i missing something?

never felt like i need a fazebook account nor the stock!

just like anything on the wallstreet: a perfumed pile of shit

Thu, 08/02/2012 - 13:56 | 2673124 aerojet
aerojet's picture

It was easy for me to avoid ever creating a FB account--all I did was think back to my bad old days and realized there was enough people who abused me back then that I would never want to make it easy for any of them to find me and continue abusing me in the present.  Old friends and such are over-rated.  If you had anything in common with them now, you would continue the relationship in the real world.

Thu, 08/02/2012 - 14:33 | 2673309 philipdybel
philipdybel's picture

As a social network hipstar and 21st-century alpha male, I do have a Fakebook page -- but I update it using Tor and VPN.  That's how us 1337 hax0r's maintain total anomynininity...

Thu, 08/02/2012 - 13:18 | 2672940 Beam Me Up Scotty
Beam Me Up Scotty's picture

$20 was support....for a few hours anyway.  Now its resistance.  Resistance is futile?  I took out 4 $20 puts the day that options started trading, should have taken out more I guess.  Oh well, I've made more off of FB that all the people that bought stock in it, LOL!!

Thu, 08/02/2012 - 13:20 | 2672948 tip e. canoe
tip e. canoe's picture


Thu, 08/02/2012 - 13:20 | 2672950 tip e. canoe
tip e. canoe's picture

over 9 months

under 9 months

poll: when will we see MarkyZ pull a Jason Russell? 

Thu, 08/02/2012 - 13:21 | 2672959 ArrestBobRubin
ArrestBobRubin's picture

FB: Sheep shearing, 2012 style

Yikes, what does that make ZNGA?

Farmbook is in an epic drought.

Thu, 08/02/2012 - 13:23 | 2672966 Seasmoke
Seasmoke's picture

You have just been Winklevossed , in the Summers time, you bunch of Zuckers

Thu, 08/02/2012 - 13:26 | 2672978 Quinvarius
Quinvarius's picture

50 billion is still way too high of a market cap.

Thu, 08/02/2012 - 13:28 | 2672989 Linus2011
Linus2011's picture

it was found out in current investigations that the clickrobot was indeed he himself:

he attached the vibrator of his wife to the mousekey of his computer. it was during his honeymoon.

Thu, 08/02/2012 - 13:29 | 2672995 patb
patb's picture

assuming it's true and FB is using bots to boost revenue,  i see the following


1) 80% of revenue goes away and FB goes from a billion dollar earning to $major losses.

2) Customer lawsuits start and FB has to settle or pay back close to a billion.

3) That means the company now becomes a penny stock.


they had revenue of $4B  and EBITDA of $1B. Now they have $10B in cash,  but,  if they start losing $3/year,  their market cap could become less then Book value and they could be raided by Mitt Romney.


Imagine  FB goes onto the pink sheets and Romney while on the campaign trail does a raid on FB.


of course FB has SPlit shares A/B so Zuckerberg has 80% of teh voting control,  but, that means he may be vulnerable to

lawsuits.  If you can show FB was criminally raiding people of clicks, you could charge him and the company as a racketeering enterprise


Thu, 08/02/2012 - 13:29 | 2672996 patb
patb's picture

assuming it's true and FB is using bots to boost revenue,  i see the following


1) 80% of revenue goes away and FB goes from a billion dollar earning to $major losses.

2) Customer lawsuits start and FB has to settle or pay back close to a billion.

3) That means the company now becomes a penny stock.


they had revenue of $4B  and EBITDA of $1B. Now they have $10B in cash,  but,  if they start losing $3/year,  their market cap could become less then Book value and they could be raided by Mitt Romney.


Imagine  FB goes onto the pink sheets and Romney while on the campaign trail does a raid on FB.


of course FB has SPlit shares A/B so Zuckerberg has 80% of teh voting control,  but, that means he may be vulnerable to

lawsuits.  If you can show FB was criminally raiding people of clicks, you could charge him and the company as a racketeering enterprise


Thu, 08/02/2012 - 13:31 | 2673006 Meesohaawnee
Meesohaawnee's picture

i doubt zuck really cares. hes made his billions.

Thu, 08/02/2012 - 13:40 | 2673041 Nadaclue
Nadaclue's picture

The funny thing is, as I understand it, how the locked up restricted stock holders will be forced to pay taxes whether they cash out or not. Lots of shares will be blasting the price as the holders need to sell some just to raise the dough to pay the taxes.

Bricks are indeed being shat by the insiders as this things circles the drain.

Thu, 08/02/2012 - 13:32 | 2673013 MountainMan
MountainMan's picture

Party like its 19.99!

Thu, 08/02/2012 - 13:33 | 2673015 Meesohaawnee
Meesohaawnee's picture

CNBS needs to be on trial for their pump of facefuck. Im sure they got a check written. AND the chicago tribune for their pump of Groupshit.. now 6.42  if you would have seen everyday the cheerleading you would have puked..

Thu, 08/02/2012 - 14:20 | 2673107 Money 4 Nothing
Money 4 Nothing's picture

Simon and cohorts denied that this morning, they said they never pimped the IPO, which they did, they made up custom in show public offering commercial graphics for it and all. They are part of the problem.


Opening Bell of Facefart:

Pimped =

The warning:

Then this happened:

The Fallout:


Thu, 08/02/2012 - 17:29 | 2674079 mendolover
mendolover's picture

Simon is an annoying fucking twit.

Thu, 08/02/2012 - 13:38 | 2673029 TWSceptic
TWSceptic's picture

Predictable, support at $5 seems reasonable. No buy though, there's no well thought out business model there.

Thu, 08/02/2012 - 14:40 | 2673343 tocointhephrase
tocointhephrase's picture


Thu, 08/02/2012 - 13:49 | 2673085 Money 4 Nothing
Money 4 Nothing's picture

Facefarce. Do we all get a charge back from all the data you sold to the NSA? Just askin.

Penny stock status like BOA by Tuesday next week.

Thu, 08/02/2012 - 13:56 | 2673126 Overflow-admin
Overflow-admin's picture

Knock-knock! Your worst nightmare is just knocking on your door Facedebouc!

Thu, 08/02/2012 - 14:01 | 2673154 Downtoolong
Downtoolong's picture

All this for a low low price of $19.99

Act now, and we'll throw in another share, absolutely free.

While supplies last.

Offer not available to Monkeys or Martians, i.e., only humans are stupid enough to buy this anyway.

Thu, 08/02/2012 - 14:14 | 2673220 Morrotzo
Morrotzo's picture

You forgot the muppets.



Thu, 08/02/2012 - 14:05 | 2673175 arby63
arby63's picture

Wastebook will be gone from our primary consciousness within three years...

Thu, 08/02/2012 - 14:29 | 2673292 debtor of last ...
debtor of last resort's picture

Well, as i look at the number of posts on this topic: Facebook brought back production to the States. You can't argue that.

Thu, 08/02/2012 - 14:51 | 2673381 rosiescenario
rosiescenario's picture

....and they file info today with the SEC re: 83 mm fake accounts????

Thu, 08/02/2012 - 15:04 | 2673424 Meesohaawnee
Meesohaawnee's picture


and heres the story.. funny this didnt run in april..why?

Thu, 08/02/2012 - 15:54 | 2673680 Scalaris
Scalaris's picture


The only reason I'm covering my FB short now is to go long EUO, after Goldman's long-Euro-to 1.30 recommendation.

Had i not been wiped out by Nowotny and Draghi, during the past couple of weeks, I'd have more capital to feed my gambling problem, but c'est la vie.

Thu, 08/02/2012 - 16:29 | 2673877 HedgeOn
HedgeOn's picture

I heard something about "Path" another social website that is supposed to be everything that FaceFu** isn't: like secure and concerned with your privacy.  I think now is as good a time as any to check it out.

Thu, 08/02/2012 - 19:57 | 2674407 mendolover
mendolover's picture

I've posted a link to Path on my useless FB page.  No one will give a shit.

Thu, 08/02/2012 - 17:31 | 2674085 Divine Wind
Divine Wind's picture



If I were in the VC game, an early stage company would have to make a REAL strong case for being based in CA these days. It comes across as shitty stewardship.

It would piss me off to see a portfolio company spending tens of millions of early stage investor dollars on those taxes, new buildings, overall high cost of living necessitating blowout salaries, etc...

Body slam the product and market first.

Earn it.



Thu, 08/02/2012 - 17:59 | 2674150 Rick Blaine
Rick Blaine's picture


It's back above 20 now...


Thu, 08/02/2012 - 18:27 | 2674211 Weyland_Yutani
Weyland_Yutani's picture

I've run ads on Facebook for my small online company and it was completely fucking worthless. The click through rate is less than one trillionth of one percent. Stopped advertising there immediately.

People are using Facebook to see what their friends ate for dinner. They're not interested in clicking on ads anyway so it's a useless platform to advertise on. And this is the main source of income for the company? No wonder it's going down the toilet with the rest of these social media scams.

Thu, 08/02/2012 - 19:56 | 2674405 mendolover
mendolover's picture

I'm still amazed at how even after telling 'friends' that every photo they post is the prop of FuckBook, they still post all these shots of their kids.  wtf?


Thu, 08/02/2012 - 19:54 | 2674403 mendolover
mendolover's picture

Can the NSA tell if I up arrow anyone yet?

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