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Sign in here if you bought shares of FB

Posted on 5/21/12 at 1:10 pm
Posted by hawgfaninc
https://youtu.be/torc9P4-k5A
Member since Nov 2011
46526 posts
Posted on 5/21/12 at 1:10 pm
Bought 13 shares at $38

Still like the outlook of the company. People will love social media for the foreseeable future. And until something comes along that can truly challenge Facebook for members, it is the king. I mean the brightest minds at google with google+ are having trouble with it. I can see facebook possibly charging for features it would offer at a discount, that people are already paying for elsewhere. Netflix, amazon, etc...
Posted by Chad504boy
4 posts
Member since Feb 2005
167063 posts
Posted on 5/21/12 at 1:10 pm to
congrats....
Posted by gizmoflak
Member since May 2007
11675 posts
Posted on 5/21/12 at 1:11 pm to
Question: Have you ever clicked on a Facebook ad?
Posted by rmc
Truth or Consequences
Member since Sep 2004
26597 posts
Posted on 5/21/12 at 1:34 pm to
I'm way too scared to. It's down 9.7% for the day btw.
Posted by JPLSU1981
Baton Rouge
Member since Oct 2005
26441 posts
Posted on 5/21/12 at 1:55 pm to
The more I have read about Facebook's prospects for generating revenue and growing and its business model in general, the more I believe this company should be priced around $10 or less.

And that's not even taking into account the potential/risk for the public to eventually move onto to something else and completely abandon Facebook overnight, leaving it basically worthless.

This post was edited on 5/21/12 at 1:59 pm
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 5/21/12 at 1:59 pm to
the problem is the more facebook tries to monetize it's user base, the more it will piss off the user base.
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
11034 posts
Posted on 5/21/12 at 2:06 pm to
It's getting priced down in a big hurry today.

There are a lot of risks for FB and it stopped being new and cool a while back. I'm *out* even when a perceived bottom is hit.
Posted by AUtigR24
Happy Hour
Member since Apr 2011
19755 posts
Posted on 5/21/12 at 2:09 pm to
I had an order in before opening Friday, tried my hardest to cancel it, but couldn't. I've lost some cash to say the least. I got in at $42 was looking to make some quick change, but now it looks like a long term investment
Posted by diddydirtyAubie
Bozeman
Member since Dec 2010
39829 posts
Posted on 5/21/12 at 3:13 pm to
I'm skeptical of buying FB. I feel it will be obsolete in a few years. Something new will come along. Myspace peaked in 2006. Facebook peaked in 2009.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 5/21/12 at 4:52 pm to
Like I've been saying, we are about to see FB break the seal on ads for mobile FB, which is a gigantic source of ad revenue that they have left completely untouched.

We'll see how that goes.

The IPO raised a ton of cash for FB so they won on the $38 price but it was too high too.

$23 to $28 is probably a good place for it to settle and then we'll see what it does. It only held $38 Friday because it was floated by the underwriters so it's gonna find it's real price now.
This post was edited on 5/21/12 at 4:55 pm
Posted by PaddlingTiger
St. Louis, MO
Member since Jun 2010
1066 posts
Posted on 5/23/12 at 10:19 am to
Not a buyer myself, but someone I know sold more than $20.0 million of the shares in the pre-IPO secondary market. He is sweating bullets now.
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