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-   -   Facebook (http://forums.jockstocks.com//showthread.php?t=14155)

yon Beast 18 May 2012 09:07 AM
Facebook
 
Quote:
Facebook announced today that its initial public offering of common stock will be priced at $38 a share, valuing the company at $104 billion, the largest IPO for a U.S. tech company, raising $16 billion.
Quote:
...on Wednesday Facebook increased the number of shares to be sold at the market debut by 25 percent. Trading is expected to open at 11 a.m. Friday on the Nasdaq.
The company is offering 421.2 million shares of common A stock, which includes 180 million new shares that will be sold by the company and 241.2 million shares sold by existing shareholders such as early investors and Facebook’s founders.
http://abcnews.go.com/blogs/business...st-tech-offer/

StockTrader 18 May 2012 09:11 AM
Pretty exciting for us in the tech world. Of course, we're also all holding our breath, praying that this isn't 1999 all over again :)

Nick

SiteWolf 18 May 2012 12:13 PM
ah hell, when the JFSPN IPO is released, it'll value the company at twice that

:rimshot:

I hope people aren't thinking this is a great investment, tho...the 1%ers already got their shares locked in and some will get dumped for quick profit, severely limiting profit for the rest of us.........IMO of course

yon Beast 20 May 2012 07:15 PM
things could have gone smoother.

http://www.foxbusiness.com/industrie...ding-glitches/

SayOw 23 May 2012 09:35 AM
It will be interesting to me, but not unexpected, when I read about Facebook going bankrupt sometime in the future...

I am still baffled about how these companies with close to no tangible assets can be worth much of anything...but it is only a matter of time before they truly aren't.

I see that Facebook has already dropped to around $31 a share and some banks have lowered their forecasts and think Facebook should be valued at less than $15 a share right now.

SiteWolf 23 May 2012 01:29 PM
They were always grossly overvalued based on expected future earnings. Even reaching near $4bil in (supposed) revenue last year shouldn't have resulted in a 12 figure valuation, but a lot of it was unrealistically based on comparison to 2010 revenues and the percentage increase.

It's like when Nick and I put projections together here for investors. Percentage increases are realistically steep in early years, but can level off quickly once a business is established.

If Facebook had 400mil revenue in 2010 and 4bil in 2011, it's not logical to assume they'll reach 40bil in 2012, after all....

SayOw 23 May 2012 02:08 PM
In addition to what da beast linked too, here's another interesting article on the Facebook IPO and some shady goings on with it all...

Best quote from the article, imo,
Quote:
...the "smart money," in other words, was cashing out.

SiteWolf 23 May 2012 07:04 PM
yup, let the 1%ers in early to buy up large chunks pre-IPO, then watch 'em dump large chunks for quick profit after the rest of us drive the price up a bit......large volumes of shares traded, Facebook still got their money, 1%ers profit from the little guys who, as usual, are left holding the short straws.

You wait, too....there'll be Facebook employees who earned stock options as part of their compensation and will have been barred from selling any for a certain period...and by the time they can, they won't be getting near the compensation they should have.

SayOw 24 May 2012 10:28 AM
Latest on the Facebook fallout ... lawsuits and regulators are lining up...

Quote:
The shares are now trading at $31.78, leaving the company that boasts a user base including half the American population is worth $4 bn less than it was six days ago, and earning it a new moniker: Fadebook.

SiteWolf 24 May 2012 10:55 AM
and the movie sequel, The Anti-Social Network

SayOw 18 Aug 2012 03:14 PM
Quote:
Originally Posted by SayOw (Post 64968)
It will be interesting to me, but not unexpected, when I read about Facebook going bankrupt sometime in the future...

I am still baffled about how these companies with close to no tangible assets can be worth much of anything...but it is only a matter of time before they truly aren't.

I see that Facebook has already dropped to around $31 a share and some banks have lowered their forecasts and think Facebook should be valued at less than $15 a share right now.
Shares of Facebook fell to $19 - half of it's IPO.

Story here.

SayOw 06 Sep 2012 09:36 AM
Quote:
Facebook Inc. slumped to a record low on Friday after a pair of brokers slashed their price targets on the stock, citing the combined weight of massive share lockups as well as signs of a weakening advertising business at the social network.

In morning trades, Facebook (US:FB) shares fell more than 4% to $18.31. This represented an all-time low for a stock that has steadily been losing ground since its high-profile IPO in May, with the company’s market value now less than half the level set by its debut price of $38 per share.
Full story here.

SayOw 27 Oct 2012 10:51 AM
Quote:
Citigroup fired its top Internet analyst, Mark Mahaney, and paid a $2 million fine to a Massachusetts regulator to settle charges that the bank improperly disclosed research on Facebook IPO and information on other tech companies.

It was the first formal charge involving an underwriter's disclosure of sensitive financial information ahead of the social media company's $16 billion initial public offering in May. Lead underwriter Morgan Stanley has come under criticism for revealing revised Facebook Inc earnings and revenue forecasts to select clients on conference calls ahead of the IPO, leaving the rest of the investing public in the dark.
Full story here.

SayOw 15 Jan 2013 11:39 PM
The more I read about what Facebook is and wants to do, the less I want to be involved with Facebook.

I think Facebook's "end game" is to essentially have the user "trust" Facebook with all your personal information and let it (Facebook) decide how best to use it to better "serve" you. All reasons not to be on or ever use Facebook, imo.

rich76 14 Mar 2013 02:58 PM
and they are intimidating conservatives with suspensions. Whatever happened to free speech?


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