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re: Facebook continues to tank

Posted on 5/22/12 at 6:25 pm to
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
467137 posts
Posted on 5/22/12 at 6:25 pm to
flask let's just start a company and get one of the programmers on td to make a program that we think of and bail after the IPO
Posted by Jahel
Member since Nov 2011
5576 posts
Posted on 5/22/12 at 6:32 pm to
I have one I own

snitchmob.com

a facebook type thing that you create a profile for a person and talk shite about them...other can anonymously post shite about the persons profile as well

someone can pay ($5)to have the profile removed.
Posted by TigerDeBaiter
Member since Dec 2010
10671 posts
Posted on 5/22/12 at 6:37 pm to
I'm sure it overblown, everything is.

I get what you said in the earlier thread, but I guess my question is, why was the increase in IPO price neccesarry if this was the case?

The increase and all the "priced to perfection" BS just seems sketch. Was it set up to be shortable from the beginning? Just curious, I really don't care either way. Wouldn't put lottery winnings into this stock.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/22/12 at 6:49 pm to
quote:

I'm sure it overblown, everything is.

I get what you said in the earlier thread, but I guess my question is, why was the increase in IPO price neccesarry if this was the case?


The point of an IPO is to get as much money for the company (or the people selling shares) as possible. So the answer is because they could, necessary's got nothin to do with it.

quote:

The increase and all the "priced to perfection" BS just seems sketch.


You're misunderstanding what "priced to perfection" means in this context. It means that it priced at the top of its range, not that it was "the perfect price." The price discovery for FB @ IPO was much lower than for a lot of other companies because its been being traded on the secondary market for years and there's been plenty of float. In contrast, Groupon/etc have very few shares relative to FB and haven't been around even a 10th as long. In contrast, prior to maybe 2010, there was almost no liquid secondary market for such things to begin with. The market dynamics of IPOs today versus even 5 years ago are different; the market dynamics for IPOs in general are enormously different than they were in the 90s or any time prior, even though people are still hardwired to think of them as such.

quote:

Was it set up to be shortable from the beginning? Just curious, I really don't care either way. Wouldn't put lottery winnings into this stock.



No, you can't short stuff at IPO.
Posted by Alabama Slim
Team Massie
Member since Jul 2007
10666 posts
Posted on 5/22/12 at 6:49 pm to
quote:

a facebook type thing that you create a profile for a person and talk shite about them...other can anonymously post shite about the persons profile as well



thedirty.com says hello
Posted by Jahel
Member since Nov 2011
5576 posts
Posted on 5/22/12 at 6:57 pm to
quote:

thedirty.com says hello


search by name, zip code, tag lines?


gossip, not just pics/sextapes

everybody has a bit of info they can add...from elem to post college

Posted by TigerDeBaiter
Member since Dec 2010
10671 posts
Posted on 5/22/12 at 7:05 pm to
Thanks for the info.
Posted by Jahel
Member since Nov 2011
5576 posts
Posted on 5/22/12 at 7:15 pm to
It's like a wikipedia/wikileaks for every day people

their manufactured bio from outside sources

people will check every day or so to see if anyone has written more crap about them

got to pay to have stuffed removed/changed or locked
This post was edited on 5/22/12 at 7:19 pm
Posted by LSURussian
Member since Feb 2005
133679 posts
Posted on 5/22/12 at 7:16 pm to
quote:

Do you remember when prplhze posted his thread that the bird flu was about to cause a global economic crisis in 2010? Sigh


Yes, yes I do remember that. He still starts similar threads on the Poli Board.
Posted by Hugo Stiglitz
Member since Oct 2010
72937 posts
Posted on 5/22/12 at 7:29 pm to
I'm so glad I didn't buy this one.

IPOs can be boom or bust.

Facebook was way too risky for me to get out of the gate.
Posted by AUtigR24
Happy Hour
Member since Apr 2011
20132 posts
Posted on 5/23/12 at 1:30 pm to
quote:

Facebook was way too risky for me to get out of the gate.


where was the "risk"? We were all trolled. Hope Zuck loses his hat.
Posted by Notro
Alison Brie's Boobs
Member since Sep 2011
7921 posts
Posted on 5/23/12 at 3:37 pm to
@BloombergNews: BREAKING: Facebook said to have talked with NYSE about switching exchange | LINK
Posted by JBM210
Member since Dec 2010
3192 posts
Posted on 5/24/12 at 5:21 pm to
Didn't read the thread, but I called this months ago.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 5/24/12 at 6:04 pm to
I've thought FB would settle mid $20s but it found support at $30.

The hot debate right now in tech is whether the free Internet can sustain itself on the model of ad revenue via banner ads and inserted ads.

First question is, what is the standard? Is it impressions or clicks that is to be used to measure internet ad effectiveness? If it is to be measured in clicks, how do you quantify that against a couple of hundred years of unclickable advertising from newspaper ads, magazines, radio and TV? How can an advertiser say they only care about clicks when they have no idea how many people saw an ad and rather than clicking on it, opened a new tab and Googled their product?

There are many, many questions about the internet business model as it pertains to ads that have been brought to the forefront by the FB IPO.

Hell, I won't even go into the more technical stuff such as browser options that enable the stripping of ads and how successful in rolling out mobile advertising will FB be which is the biggest elephant in the room from my perspective.

The technology world has changed a lot in the last 5 years and the changes keep coming faster than anyone can sort out.

Back to the OP, that's what makes being long on FB daunting.
Posted by Jim Rockford
Member since May 2011
104418 posts
Posted on 5/24/12 at 7:31 pm to
quote:

The hot debate right now in tech is whether the free Internet can sustain itself on the model of ad revenue via banner ads and inserted ads.


the free content internet is here to stay, IVM (most people pay for their ISP in one way or another.) Any content that goes behind a paywall is content that most users will refuse to access. They'll opt for pirated or citizen-sourced alternatives.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 5/24/12 at 9:44 pm to
Nothing on the Internet is free. At the very least there are server costs. Any web site you go to has that to deal with that at the very least. Beyond that, if a web site is providing content that is of high quality, the people providing that require resources just like any other business.

The overhead for Internet entities might be lower than other businesses, but it's no less real.

People don't seem to grasp that and think everything on the Internet should be free
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 5/24/12 at 9:45 pm to
Nm
This post was edited on 5/24/12 at 9:46 pm
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