Windows 7: Facebook's Epic Fail

Facebook IPO was a flop and underwriters had to prop it up to maintain the $38 price.

Facebook's epic fail - latimes.com



Jim

Personally, I thought it be a success. But, I can't hide that a part of me wanted them to fail since I dislike Facebook for their practice. And, I'm probably in the minority of people that doesn't have an account on facebook by now.

I have a facebook account, it's nothing more than spam in general.

Mostly I use it to have political arguments with the older people on my list. lol

i use facebook daily. It's a great way for me to communicate with my friends, especially those that I have lost touch with over the years that I didn't want to lose touch with. Facebook really is what you make of it.

I don't believe it's a fail, it just didn't live up to the hype. It looks like the IPO price was set just right. It may well turn out to be a good investment, but with a right price, and an ample supply of shares for those who wanted them, it just didn't fly out of the gate. A Guy

The real story is yet to be told.

The first finacial report will tell alot. IMO

Fabe

They said the underwriting banks had to step in and buy a lot of the stock to keep the price up. Now they hope it goes up or they will get screwed.

Jim

The founder put over 15 Billion in his pocket....how that's a fail is beyond me...

Hi there.

Half the fun of Facebook was its innovation and "Non Corporate" stuff.
If the boring "men in suits" now have it then loads of users will go elsewhere and soon R.I.P Facebook.

Good luck to the guys who've made their pile -- If I were them I'd take the money NOW and run.

With digital stuff - empires can arise and sink faster than you can say Dot com or California Taxes.

The business model IMO is slightly suspect in any case -- who wants to be "Targeted" (aka "SPAMMED") as a user for "advertisers".

- I've actually opened a second rubbish email account which I use whenever I buy anything from Amazon etc -- I DON'T want to be bombarded with loads of "Special offers" from today until the end of the lifetime of the universe just because I was dumb enough to use amazon to buy a book or a set of DVD's.

I just BIN every email from that address too -- keeps all the "special offers" and 99% of SPAM away from my "Real" account too.

A lot of these social networks will have to start re-inventing themselves into useful niche networks if they are to survive.

Just look at the load of utter crud that emanates from twitter these days -- who cares if you've just "gone to the loo" or whatever.

In any case I always prefer "REAL" people and friends to "Virtual" ones. However if I WERE going to use a social network I'd use a proper one possibly just bordering on the edge of legality and having a sense of excitement and daring which conjures up say the excitement of a Harley Bike meet.

Boring "Suited" corporate sites -- No thanks.

Cheers
jimbo

It just points out what a joke the Stock Market actually is.
"It didn't make 1,000,000,000,000,000,000,000,000% profit in 1ms! It's Armageddon! We're all doomed!"