Facebook's Epic Fail

[DeaconFrost]

I'm an avid FB user as well. I use it to stay in touch with people from many parts of my life, all in one. I also use it as a way to goof on friends, and they can goof back on me. I don't get the fear over it. No one says you have to post something everyday. No one says your posts have to be meaningless. I also use it to promote my newly created food blog.

 

[Slartybart]

I'm old school on social networks, just as my parents were old school TV remote users. I verbally ask my children for updates from FB just as my parents asked their children to change the channel or volume on the TV set.

I have never received any spam using this approach.

More power to FB founders - new wealth is always good. They should invest their money wisely - solid, proven, dividend paying stocks.

Peace!

 

[Phone Man]

Facebook stock has dropped 10% in today's trading. It will be interesting to track it for a while. The employees that were given stock can not sell for 180 days so we shall see what it does.

Facebook, Inc. (FB) Real-Time Stock Quote - NASDAQ.com

Jim

 

[Phone Man]

Its down again today. Now at $30.84 which is almost a 20% drop in 2 days. Thats a $20 Billion drop in value. Definitely a FAIL.

Jim

 

[fseal]

The primary investment bank and M.Z. have got a lot of explaining to do. Upping the volume and price just days before the IPO from a relatively sane position to one of insanity and directly causing this instantaneous market correction (right back down to where it would have been to start with). They just HAD to reach that magical "$100 billion" number... at the expense of thousands of investors.

FB shouldn't even BE IPOing, WTH? It's a dinosaur in the Internet market now. Fully entrenched, maxxed out on users, with no real place to go. They should have IPOed 3 years ago, maybe more? Or not at all. You don't IPO a company at it's obvious peak.

Oh well, I just hope to heck that none of my funds played into that disaster

 

[seavixen32]

The headless chickens are coming home to roost.

Facebook Founder And Banks Sued Over Float - Yahoo! News UK

If the opening share price was rigged then heads should roll, but investers should have used a bit of common sense too.

It needs one hell of a revenue stream to just keep Facebook treading water.

 

[pparks1]

Investments are a risk. Sometimes you lose.

 

[seavixen32]

True, but one would expect some semblance of a level playing field when a company is floated on the Stock Exchange or am I being too naive?

 

[pparks1]

IPO's can often go down;
IPOs jump 12% on average on first day of trading this year - ABC News

 

[Maguscreed]

True, but one would expect some semblance of a level playing field when a company is floated on the Stock Exchange or am I being too naive?

This is why it's a misnomer to refer to our system as capitalism or even to use the term free market.
It's a stacked deck, sadly most people actually seem to support this kind of practice.

 

[jimbo45]

IPO's can often go down;
IPOs jump 12% on average on first day of trading this year - ABC News

Hi there
Markets operate on Fear and Greed -- nothing per se wrong with that but you have to understand how markets work to use this to your benefit.

If you are investing with your "Heart" rather than working out if their business model is Sound then you deserve to lose.

A business model relying on generating advertising "targeted" at its users (IN NON U.S " consultancy speak" - "SPAM" to people like you and me) is never going to work --especially as more and more of facebook users connect via mobile phones and advertising from that platform is very uncertain).

I "shorted" these shares -- exited the trade and have my Summer vacation now paid for by "Facebook".


Although to any readers of this post -- don't "Short" stock unless you know what you are doing -- I have enough experience in this stuff to do it sometimes.

Cheers
jimbo

 

[Stratos]

for it to drop so much in such a short time, the price per share was obviously overpriced.

 

[renosablast]

This stock does not strike my as a very good long-term investment at all. So far, social media have proven to have fairly short life spans -- just until the next better thing comes along. When that happens, Facebook will be just another MySpace. Grab any profit you can from this stock and dump it (if it isn't already too late).

 

[pparks1]

I "shorted" these shares -- exited the trade and have my Summer vacation now paid for by "Facebook".

Well played. And shorting involves a risk and it paid off for you.

Borrow them, sell them high, buy 'em back lower, pocket the difference, give 'em back to original holder.

 

[ignatzatsonic]

True, but one would expect some semblance of a level playing field when a company is floated on the Stock Exchange or am I being too naive?

Seavixen---ask yourself how many people have been indicted for any of the global banking and securities fiascoes that came to light in 2008.

After you have that number in mind, then ask yourself why might that be. What's the proper inference from that?

 

[seavixen32]

True, but one would expect some semblance of a level playing field when a company is floated on the Stock Exchange or am I being too naive?

Seavixen---ask yourself how many people have been indicted for any of the global banking and securities fiascoes that came to light in 2008.

After you have that number in mind, then ask yourself why might that be. What's the proper inference from that?

Painting with my very broad brush, capitalism stinks.

The bottom line is that those who control the flow of money control the world.

Money=Power. Power=Greed. Greed=Corruption.

It's been the same ever since money replaced bartering and I doubt it'll ever change.

If we take the Eurozone crisis as an example. Germany is the Joe Bloggs who has worked hard all his life, looked after his money, and made provision for his family's future. Greece is the neighbour who borrowed to the hilt, spent it all and not saved a penny and now wants his thrifty neighbour to bail him out so that he can carry on spending money he hasn't got.

The whole edifice is about to come crashing down with dire consequences for the world economy, I fear.

Money is the root of all evil, but as to what the alternative is, I haven't got a clue.

 

[ignatzatsonic]

Money=Power. Power=Greed. Greed=Corruption.

The whole edifice is about to come crashing down with dire consequences for the world economy, I fear.

Money is the root of all evil, but as to what the alternative is, I haven't got a clue.

You just won a cigar. The only modification I would make to your equations is that you have to add politics/politicians into the mix.

I learned not long ago that my grandfather about thirteen times removed was the last person burned at the stake by King James I, in 1612--in Lichfield, Staffordshire; near Birmingham.

Edward Wightman - Wikipedia, the free encyclopedia

He had children at the time. Their solution was to leave England for the colonies by about 1640. They endured the British crown for another 130 plus years, at which point came our revolution.

Nowadays, there are no more frontiers on this planet, but human nature persists.

I'm largely clueless about how to resolve it as well. My only suggestion is to NEVER vote for an incumbent---which seems to be the worst of form in this country. The re-election rate for incumbents is astonishing.

Yeah, the Petri dish will be cleaned out. I'm your age, so maybe not in our lifetimes?

 

[seavixen32]

I was a bit dubious about adding politicians to the list as discussing politics on an open forum can be fraught with difficulty, but you're right of course.

Anyway, the cigar will go down nicely with a brandy snifter!

As for your revolution, I think you've done rather a good job of creating a fine country, but it would be interesting to see how world politics would have panned out had the British prevailed.

 

[F5ing]

I don't think you can have a relevant discussion about it if you can't include politics. In my mind it's only politics that can screw up true free market capitalism.

And the U.S. is closely following Greece. We just hold off on our day of reckoning via quantitative easing.

 

[HammerHead]

I don't think you can have a relevant discussion about it if you can't include politics. In my mind it's only politics that can screw up true free market capitalism.

And the U.S. is closely following Greece. We just hold off on our day of reckoning via quantitative easing.

I totally agree. So That precludes further comment from me due to our forum rules.