Facebook's Epic Fail

[Phone Man]

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

Maybe the dumb money wasn’t so dumb this time.
The stock market did turn out to be a voting machine on Facebook on Friday (to quote Warren Buffett and Benjamin Graham), and the vote was thumbs-down on flapdoodle.
Market pros will be debating the lessons to be drawn from the disastrous first-day trading in Facebook’s initial public offering. But one lesson is that when given enough information, investors can find their way through fogbanks of hype.

Facebook's epic fail - latimes.com

Jim

 

[Lebon14]

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.

 

[Maguscreed]

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

 

[pparks1]

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.

 

[A Guy]

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

 

[thefabe]

The real story is yet to be told.

The first finacial report will tell alot. IMO

Fabe

 

[Phone Man]

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

 

[patio]

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

 

[jimbo45]

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

 

[lehnerus2000]

Pathetic

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!" :sarc:

 

[Golden]

Friday wasn't a good day to float either........

 

[Britton30]

Maybe Wall Street can fail FB into oblivion.:huh: I don't have a flapdoodle acct either.

 

[martin123]

Facebook is a great place to do your venting of anger after all most of the facebook user's are idiots who post there entire lifes on there.

Your can't vent on 99.9% of forums so i guess facebook has it's use

 

[indianacarnie]

I have an account. Only use it for a game I play....... and the game just left fb. Will be deleting account within the week most likely. I too think that any "regular" people with stock should get it while they can before it goes the way of MySpace. Of course, who knows what the future will bring? fb could be "it".

 

[Solarstarshines]

Facebook is a great place to do your venting of anger after all most of the facebook user's are idiots who post there entire lifes on there.

Your can't vent on 99.9% of forums so i guess facebook has it's use

Now this is Entirely true ,You know Bosses and Familly members are NOSEY people and people put things on there that make me cringe

If you are a drug user why are you telling the world that is something private or being caught cheating or any other form of personal matter should not appear there

People who do this don't have a stable state of mind ,I post Facebook regularly but nothing so dramatic it brings attention to myself most of the time is something upbeat never something that has people thinking im a a ticking time bomb lol

 

[Zepher]

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

No he didn't. the shares he has has a value of over $15billion at the $38 price.
Last I heard, he was selling 30 million shares to cover taxes.

 

[galaxys]

Most of it only on paper!

 

[A Guy]

He just got married, so...$7.5 Billion?

A Guy

 

[legacy7955]

Maybe Wall Street can fail FB into oblivion.:huh: I don't have a flapdoodle acct either.

My thoughts exactly.

I have no use for it. Not to mention the insidious practices with so many unsuspecting young folks using it.

 

[pparks1]

Not to mention the insidious practices with so many unsuspecting young folks using it.

What practices are you talking about, specifically?