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  Canada Immigration Forum > About Canada > Stock Market > Facebook prices IPO at $38 a share
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Facebook prices IPO at $38 a share




Facebook Inc priced its initial public offering at $38 (U.S.) per share, valuing the world’s largest social network at more than $100-billion.

At that price, the offering would raise as much as $18.4-billion for the company and existing shareholders.


Did any one applied for this overhyped and over valued IPO ?


 
Last edited by: seenimesh on 18-05-12 09:13:09
seenimesh

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Post ID: 196754 17-05-12 16:29:32
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ashedfc
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Rumors are it will be listed at around $60 on NASDAQ; & thereafter the dumping by hedge funds starts (they are the one who actively participated in the IPO).
It might be good to short on (or after) the listing..


something to read: http://www.borowitzreport.com/2012/05/17/a-letter-from-mark-zuckerberg/


 
Last edited by: ashedfc on 17-05-12 17:01:03
Post ID: 196756 17-05-12 16:33:36
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BlueLobsterMember of Administrators
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I wonder what it is going to be 10:00 am tomorrow...100?
-----------------------------------------------------------------
Are you there?

 
Post ID: 196762 17-05-12 19:59:26
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jigz787
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I think its just a hype created... I would like to know if an CD member ever bought anything on facebook or even clicked on an ad ?

 
Post ID: 196763 17-05-12 21:07:39
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febpreet
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Quote:
Originally posted by jigz787

I think its just a hype created... I would like to know if an CD member ever bought anything on facebook or even clicked on an ad ?



Never.

Facebook is just a worthless piece and a big hype. I haven't met anyone yet who has ever bought anything off the Facebook. In my opinion, what Facebook is and isn't:

Is:
A glorified photo sharing site
A slightly big brother of Twitter

..as hard as I thought, I came up with only the two above

Isn't:
An online marketplace (on the lines of eBay, Craigslist, Amazon, etc.)
A search engine
A dating portal
A blog
A news site
A comprehensive portal

So, as you can see my list if 'isn't' is longer than the 'Is'. Why would someone buy a $38 worth(less) of share when it doesn't even provide any real service; but merely and primarily relies upon the photo-sharing services.

I wonder why it hasn't met the same fate as My Space yet. One word - hype!

The one man who is laughing all the way to the Bank is Mark Zuckerberg. An idea changed his life, forever.


 
Last edited by: febpreet on 18-05-12 10:13:55
Post ID: 196787 18-05-12 10:10:15
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ashedfc
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The most scary part of HFT (high frequency trading)

FaceBook - Flash Smashes To €50,000/Share
FaceBook's market cap briefly passed $100 trillion.
How long until a loaf of bread does the same thing? This happens in a hyperinflation scenario
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/05/FB%20BATS_0.jpg" border="0" alt="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/05/FB%20BATS_0.jpg" />


 
Post ID: 196788 18-05-12 10:45:26
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Iceberg
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Why is the trading halted? FB was to start trading today. Any idea?

 
Post ID: 196792 18-05-12 11:18:24
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Iceberg
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Last edited by: Iceberg on 18-05-12 11:20:44
Post ID: 196793 18-05-12 11:18:25
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Iceberg
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Last edited by: Iceberg on 18-05-12 11:20:14
Post ID: 196794 18-05-12 11:18:25
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Last edited by: Iceberg on 18-05-12 11:19:05
Post ID: 196795 18-05-12 11:18:26
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Contributors:
ashedfc(10)  bhootnath(1)  BlueLobster(4)  febpreet(2)  fertooos(1)  Iceberg(6)  jigz787(5)  
looklook(1)  seenimesh(3)  tamilkuravan(1)  
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