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Facebook IPO - Where Will it Go Today?

Discussion in 'The OT' started by Marlin Guy, May 18, 2012.

  1. May 18, 2012 #1 of 134
    Marlin Guy

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    Trading begins at 11 AM EDT @ $38.
    I think I'm in. At least E-trade says I am.
    Morningstar predicts $50 at closing today.
    What say you? Higher? Lower?
     
  2. May 18, 2012 #2 of 134
    hdtvfan0001

    hdtvfan0001 Well-Known Member

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  3. May 18, 2012 #3 of 134
    dpeters11

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    It could get crazy by the end of the day. However, I honestly don't think it's a good stock for the long term.
     
  4. May 18, 2012 #4 of 134
    SayWhat?

    SayWhat? Know Nothing

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    Fools and their money .....
     
  5. May 18, 2012 #5 of 134
    woj027

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    occasionally get rich.
     
  6. May 18, 2012 #6 of 134
    Earl Bonovich

    Earl Bonovich Lifetime Achiever

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    I was hoping this place would be my safe haven for Facebook IPO Talk.
    The part that irritiates me, is that it is the rich players getting richer..

    I guess on the other side... if this is what we are talking about this week, then there isn't really anything bad going on.
     
  7. May 18, 2012 #7 of 134
    hdtvfan0001

    hdtvfan0001 Well-Known Member

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    That's the spirit (and spot on). :D
     
  8. May 18, 2012 #8 of 134
    SayWhat?

    SayWhat? Know Nothing

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    Started at 42 and promptly dropped to 40 in a few minutes.
     
  9. May 18, 2012 #9 of 134
    Cholly

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    Indian...
    Mark Zuckerberg will make his billions while it's a good possibility that those enamored of the Facebook name will lose, just as in other glamorous IPO's of the past.
     
  10. May 18, 2012 #10 of 134
    Marlin Guy

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    LOL @ "experts" at closing bell, saying it was a cluster****.
    Still, facebook managed to do better than most of the rest of the markets today.

    I'd say holding steady on a day like this, at the end of week like this, is a huge win.

    [​IMG]
     
  11. May 18, 2012 #11 of 134
    The Merg

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    I like how the Change column is based on the Low of the day and not what it opened the day at. Marlin, was that from your own finance software or was that posted somewhere on-line?

    - Merg
     
  12. May 18, 2012 #12 of 134
    trh

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    But the other changes don't appear to be based on the low.
     
  13. May 18, 2012 #13 of 134
    Marlin Guy

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    Today's low was the same as the IPO price of $38.00. I assume that's standard for IPOs. Underwriters likely bought heavily when the stock got down to the IPO price several times today. That's exactly what they're supposed to do - stabilize the price.

    It's just some indices and other select stocks that I plugged into Google for comparison. My point is that in the whole scheme of things, given the environment in which they launched, I think they did OK.

    Still, I doubt anyone will lead with a headline that reads, "Facebook Worth Exactly What They Said It Was Worth".
     
  14. May 18, 2012 #14 of 134
    Stewart Vernon

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    I think this is the beginning of the end for Facebook. Write it down in ink.

    Why?

    Facebook has grown wildly and I think it has most of the market that it is going to get (barring new people being born of course over time).

    IPO means public ownership and stock holders and people demanding the company grow and expand and make money... but where can Facebook expand and go beyond where it already is?

    I can't argue it hasn't been successful, but I have zero interest in it. I was reading an article that said about 2 out of 5 people asked have zero interest in it... which "feels" right to me that Facebook has reached all the people it is going to reach.

    So... how does it keep growing? How will it satisfy the stockholders demands to grow and make profit and pay dividends, etc?

    I think Facebook would have lasted longer as a privately held company without those outside pressures... though arguably, some of the top stockholders could cash out and make a cool retirement perhaps in a few years... but beyond that, I think this is the nail in the coffin and writing on the wall that it can only go down from here.
     
  15. May 18, 2012 #15 of 134
    Marlin Guy

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    They are not considering increased numbers of users as their biggest growth potential. They want people to start on Facebook, like MS had everyone starting on MSN, and then keeping them on Facebook for nearly everything they do while online.

    They still push really hard to mold the way people use the net to fit their model, and vice versa. I know they are vunerable, and that the next big thing, like Gogobot, can come along and topple them at lightspeed, but Facebook isn't resting and it putting on fat yet.
     
  16. May 18, 2012 #16 of 134
    Nick

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    The...
    900,000,000 people with little or nothing to do, doing it on facebook.

    I don't get it. :whatdidid
     
  17. May 18, 2012 #17 of 134
    Stewart Vernon

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    I hear you... but how did that work for Microsoft and MSN? Before Facebook the big thing was MySpace. Remember that? No? Most people don't :)

    When Facebook was a private thing, they can do their own thing and grow or build as they want as long as the next big thing isn't challenging them.

    But trading as a public company... they will be pressured to grow and change even if there isn't a next big thing on the horizon. Stockholders don't like status quo at all... and many a company has driven itself over the cliff trying to find new roads to speed down instead of staying on the track that built it up.

    No ill will from me, I have no horse in the race... but I think there will come a day when Facebook is not the hip thing and this will be looked-back-upon as the tipping point.
     
  18. May 18, 2012 #18 of 134
    Marlin Guy

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    Yeah. Crazy, right?
    I mean it's not like spending 10 years on a forum posting about satellite tv, or something else deeply meaningful. :grin:
     
  19. May 18, 2012 #19 of 134
    Marlin Guy

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    Microsoft tried to force people to use MSN.
    Facebook has people coming to them because their friends and family are all there. BIG difference.

    Myspace was a classic example of bad execution of a great idea. They dropped the ball and Facebook picked it up and ran with it.
     
  20. May 19, 2012 #20 of 134
    dpeters11

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    I'm on Facebook, but if I spend 10 minutes a week there, I'd be surprised.

    As for going public being the end, what should they have done? They would either have had to just make sure they never got to 500 shareholders, or publicly release their financials but not actually go public.

    But, I do think it will be hard to increase revenue. I read that some advertisers dropped out because too few clicked the ads, let alone bought. Others wanted to advertise but couldn't get hold of anyone at Facebook to buy.
     

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