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?


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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?





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