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Facebook now under $20.

Posted on 8/2/12 at 11:56 am
Posted by GumboPot
Member since Mar 2009
118666 posts
Posted on 8/2/12 at 11:56 am
What are the lessons learned since this IPO?

Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73142 posts
Posted on 8/2/12 at 12:07 pm to
so it's lost roughly 33% of its value in less than 3 months?
Posted by C
Houston
Member since Dec 2007
27816 posts
Posted on 8/2/12 at 12:18 pm to
50%
Posted by rickgrimes
Member since Jan 2011
4180 posts
Posted on 8/2/12 at 12:26 pm to
3 of their top executives left on the same day on Monday earlier this week to go work at other start ups. Just FYI.
Posted by GumboPot
Member since Mar 2009
118666 posts
Posted on 8/2/12 at 12:38 pm to
quote:

3 of their top executives left on the same day on Monday earlier this week to go work at other start ups. Just FYI.


Wow. Not a good message being sent there.

I also read an article that 80% of their ad hits were by bots. I'll have to dig it up again.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/2/12 at 12:41 pm to
FAKEbook.. 80 million users are fake...

LINK
Posted by GumboPot
Member since Mar 2009
118666 posts
Posted on 8/2/12 at 12:48 pm to
Here the article on ad bots.
Posted by bsramzy
Member since Jan 2012
323 posts
Posted on 8/2/12 at 12:48 pm to
I was looking at this as a potential buy...but I dont think it has hit rock bottom yet
Posted by GumboPot
Member since Mar 2009
118666 posts
Posted on 8/2/12 at 12:53 pm to
quote:

I was looking at this as a potential buy...but I dont think it has hit rock bottom yet


I read one analyst report that $10 is the entry point. IDK.

I'm personally concerned with throwing money at a business where barriers to entry are so low and the customers (mostly young people) are so fickle. I mean, google, bing, etc. can have the next best thing and FB will be a thing of the past. Tough call.

Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/2/12 at 12:55 pm to
quote:

but I dont think it has hit rock bottom yet


I agree.

I was reading someone who felt it would bounce around 18, with 15 being the next stop.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 8/2/12 at 1:22 pm to
I am betting on this one going to the single digits.

LOL at any average investor who bought around $30.
Posted by WNCTiger
Member since Aug 2006
2883 posts
Posted on 8/2/12 at 1:23 pm to
What do they produce again? What essential service do they provide?

Fake ad hits?

LINK

Big fat fricking ZERO.

Go all in and get Zucked!

Posted by BigBoyTiger
Cleveland
Member since Aug 2005
9578 posts
Posted on 8/2/12 at 4:24 pm to
I really want to buy some put options on this. Anybody have any feedback or thoughts on that?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 8/2/12 at 4:39 pm to
quote:

What do they produce again? What essential service do they provide?


Welp, you just busted the rationale for the entire music industry. Bye-bye Nashville.
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 8/2/12 at 5:15 pm to
Nashville has rights to the infor(music) they have.

Facebook does not have any(ok, barely any) rights to the info they have.
Posted by Tiger Authority
Member since Jul 2007
29476 posts
Posted on 8/2/12 at 5:38 pm to
Anyone see the documentary on HBO called "Catfish?" Still not sure why it's called Catfish but it's basically about a sad woman in the middle of nowhere creating a facebook account as a young girl that dates this dude over facebook. She went as far as making multiple other facebook pages, buying a separate cell phone, and playing games with this dude for months. One day, he actually showed up to her house and she's this overweight married lady with two seriously disabled kids that can't clean themselves. It was one of the most bizarre things I've ever seen.

That is what facebook has been relegated to.
Posted by GumboPot
Member since Mar 2009
118666 posts
Posted on 8/2/12 at 5:55 pm to
quote:

I really want to buy some put options on this. Anybody have any feedback or thoughts on that?


Be very careful buying options and make sure you can lose all your money in that play. The only way I would buy options is if you knew there was going to be a large price movement in a short period of time. That usually requires inside info or being incredibly lucky.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
421612 posts
Posted on 8/2/12 at 10:31 pm to
quote:

That is what facebook has been relegated to

that also defines my life from 2001-2003
Posted by AUtigerNOLA
New Orleans, LA
Member since Apr 2011
17107 posts
Posted on 8/2/12 at 10:44 pm to
quote:

What do they produce again? What essential service do they provide?


This. I said in an earlier thread that they don't offer premium services like LinkedIn or great advertising like google. These are key factors in increasing revenue growth. FB does not have either right now. The stock was overvalued and was hyped up by news.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 8/2/12 at 11:44 pm to
Will be the next MySpace.
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