Facebook prices IPO at $38 a share

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seenimesh
Member since: Aug 11

Posts: 300
Location: GTA
Post ID: #PID

Posted on: 17-05-12 16:29:32

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 ?

ashedfc
Member since: Jun 10

Posts: 2153
Location: GTA
Post ID: #PID

Posted on: 17-05-12 16:33:36

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/

BlueLobster
Member since: Oct 02

Posts: 3409
Location: Mississauga
Post ID: #PID

Posted on: 17-05-12 19:59:26

I wonder what it is going to be 10:00 am tomorrow...100?

-----------------------------------------------------------------
Are you there?

jigz787
Member since: Aug 04

Posts: 773
Location: Toronto
Post ID: #PID

Posted on: 17-05-12 21:07:39

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 ?

febpreet
Member since: Jan 07

Posts: 3252
Location:
Post ID: #PID

Posted on: 18-05-12 10:10:15

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.

ashedfc
Member since: Jun 10

Posts: 2153
Location: GTA
Post ID: #PID

Posted on: 18-05-12 10:45:26

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" />

Iceberg
Member since: May 05

Posts: 919
Location: GTA and beyond
Post ID: #PID

Posted on: 18-05-12 11:18:24

Why is the trading halted? FB was to start trading today. Any idea?

Contributors: ashedfc(10) Iceberg(6) jigz787(5) BlueLobster(4) seenimesh(3) febpreet(2) looklook(1) tamilkuravan(1) bhootnath(1)

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