Stupid Facebook

[JPO]

Traded over 100,000,000.00 shares in the first 5 mins of trading, over 129,000,000.00 now.

[Canadian Turbo]

Re: Stupid Facebook

Don't get me started on this, of course if you could actually get the shares at $38 and flip them you can make some money, but this company is not worth more than $100 billion I am sorry but the numbers are ridiculous for what is actually there to back them up.

[JPO]

Re: Stupid Facebook

176,000,000.00

[R_Ethug]

Re: Stupid Facebook

yea stocks are going up i've been watching i may dump a few G's in today and see what happens next week and sell those shits

they will never blow up like google or apple.. well i don't think so anyways

hell MS and yahoo are not crazy expensive anymore either.. RIM is in the shitter

[Canadian Turbo]

Re: Stupid Facebook

Apple and MSFT are still much better tech buys than FB, they actually have products and strong global revenues, FB numbers are based on revenue/profit ratios that are very reminiscent of the 1999-2000 tech bubble. When the hype dies down the value will be going with it.

[MusicalGenius]

Re: Stupid Facebook

It's a day traders delight.

[R_Ethug]

Re: Stupid Facebook

ahaha yea i got some. i'll be bailing about next wednesday haha

[Tuna]

Re: Stupid Facebook

ahaha yea i got some. i'll be bailing about next wednesday haha

The problem is, I bet a lot of people have the same idea, and will try to dump it in a couple days.

I think it's crazy that something that is free and based on add revenue is worth so much.

[martin13]

Re: Stupid Facebook

The problem is, I bet a lot of people have the same idea, and will try to dump it in a couple days.

I think it's crazy that something that is free and based on add revenue is worth so much.

That's because it is crazy. It's way over valued and that fact is going to eventually drive the share price into the ground. It is possible that it could be a good short term investment but I don't think anyone should be pouring a bunch of money into it and waiting. The amount of time that it has already existed for before going public is close to the life cycle for this type of thing. (I think) Take a look at myspace, it existed and was very successful/popular for a number of years but it is now irrelevant. I think that Facebook is headed in the same direction. Their market has shifted from teenagers/uni students to people in their 40s/50s. I see people my age using Twitter more and more now. Facebook is dying off as a popular social media outlet and I think that alone is a reason not to invest.

As a side note, someone told me that General Motors was pulling all advertising from Facebook today.

[Tuna]

Re: Stupid Facebook

Yea, GM pulled it's advertising, it also has a 15 billion class action law suit alleging they are tracking users even after logging off.

Opened this morning at 38.00, closed at 38.23 which means if you bought it, you probably lost money today as I believe it went to 42 at it's peak.

[RONDAL]

Re: Stupid Facebook

the fundamentals arent there to support a $100billion valuation. im sorry but there is no way FB can keep its growth rates the same for the next 5 years. They are already starting to hit a saturation point.
THe fact that original shareholders are dumping MORE onto the open market than they had previously planned just shows they dont have long term confidence in the company.

This is so overhyped its hilarious.

I'll put $10 on FB being UNDER $38 12 months from now

[Khyron]

Re: Stupid Facebook

the fundamentals arent there to support a $100billion valuation. im sorry but there is no way FB can keep its growth rates the same for the next 5 years. They are already starting to hit a saturation point.
THe fact that original shareholders are dumping MORE onto the open market than they had previously planned just shows they dont have long term confidence in the company.

This is so overhyped its hilarious.

I'll put $10 on FB being UNDER $38 12 months from now

Already on the way:

Now down 12.27%. Down $4.75 per share to $33.50. A major embarrassment for NASDAQ, given Friday's computer glitches and for lead underwriter, Morgan Stanley

[BaggedGLI]

Re: Stupid Facebook

lol i put my money into Enbridge instead.

A cool watch btw.

http://www.theglobeandmail.com/globe...rticle2314995/

[martin13]

Re: Stupid Facebook

the fundamentals arent there to support a $100billion valuation. im sorry but there is no way FB can keep its growth rates the same for the next 5 years. They are already starting to hit a saturation point.
THe fact that original shareholders are dumping MORE onto the open market than they had previously planned just shows they dont have long term confidence in the company.

This is so overhyped its hilarious.

I'll put $10 on FB being UNDER $38 12 months from now

I bet it's gonna level off at like 20-25 bucks a share.

[BaggedGLI]

Re: Stupid Facebook

Then continue to drop after a week or two.