This Is Awkward

I am guessing that the road to $3.80/share is shorter than the one to $380/share.

Price should reflect a reasonable relationship to earnings after the smart money has sucked in the mot-so-smart money and shorted them. I wonder if Boy Genius has hedged his gains?

Boy Genius already has his money.

The underwriters (stock brokerage houses) took the risk and they're going to be taking the hit.

That's why they stepped in Friday to support the issue on Day 1.

But... it's the WEB! It's the WEB TWO DOT OH! How can this be? Zut alors! Depanneur!

Heeeee! Heading towards a more appropriate valuation, methinks.

Anyone who is a shill for Barack Obama, as Zuckerberg is, deserves his comeuppance.

Morgan Stanley can't keep the price up for long.

The sad thing is many in California were looking to this IPO as the beginning of another tech boom, to rescue their disastrous finances.

Maybe if they actually *produced* something there'd be reason to hope.

Dear Kate

Here is a poll that you need to give your treatment to

http://www.citytv.com/toronto/citynews/news/local/article/144877--groups-protest-muslim-prayers-at-toronto-public-school

This is probably one of the best short sale candidates I've seen in a while.

The IPO price was too high. How many people, such as myself, have a FB account because an old friend who is a FB addict begged me to get one so they can send me photos of every minor event in their life (such as "my tulips are bloomong ALREADY!!!"). That was several years ago and I cannot recall the last time I looked at my FB account. I cannot recall my password.
The IPO price assumed the explosive growth will continue. Facebook will make money but the days of exponential growth are long over.

I recently deleted my facebook account. Decided it was a waste of time.

It is called "Fleecing the sheep"....some people will never learn.

Norm:

NASDAQ has, according to CNBC, put in rules to prevent shorting of FB shares for the time being, due to 'trading problems'. Yeah, right.

There has never been, nor ever will be another billionaire more overrated than Zuckerberg. I can almost guarantee he will never have another good idea again.

Nothing wrong with some Capital losses to claim.

Do the left mind taking them on as well?

Well I must admit I've never understood the whole Facebook thing.

All the people I know who are smart investors stayed clear away from the stock yesterday.

Of course we stayed away from it — we're old enough to remember Netscape...

Facebook = Faceplant

I still can't figure out what exactly makes Facebook worth billions other than many people believe it so.

Don't know who could have predicted this.

Z'Berg lost 6.2 billion last night. In theory.

So did we ever decide what their "product" is? Self-submitted dossiers? Gossip?

Computers are a fad anyway. Never use 'em.

rabbit, I could go cold turkey, no problem. :)

Har .... who indeed could have predicted this?

As if the world changed since 1998.

The whole problem with investing in nothing is you are investing in a fad that could be gone tomorrow. As soon as the next fad comes along you are the proud owner of penny stocks. Even Greek bonds will be better in the long run. At least there is entertainment in the purchase and they are already at rock bottom prices.

more MSM hype that didn't

Anybody remember the F'd Company blog? That guy would be having a riot with this.

Farcebook isn't something I would do.

The people I know who do play with social networking toys like Farcebook all have 'apps' to block the advertising.

The supposed advertising exposure of 'billions' doesn't translate to any measurable commerce except maybe for sex trade workers.

"... I can almost guarantee he will never have another good idea again."

---Said the Champ at 4:04pm

The good idea was not his, he stole it.

Zuckerberg did illegal things, immoral things and stole other people ideas, got lucky and became rich, he then insulted the people he stole the ideas from and gave them tiny ridiculous amounts of money to shut them up.

to say zuckerberg is scum does not begin to describe what he is.

Why he is not in jail or why he is still alive is a mystery.

It's really not a very good product, is it?
Not much fun, with the prospect of really serious pain.

The only "products" that facebook sells (at least as far as I can tell) is ad space and your information. I don't know that its worth $33/share.

The only "products" that facebook sells (at least as far as I can tell) is ad space and your information. I don't know that its worth $33/share.

The problem with facebook is that in order to make money you have to annoy your users with spam. Google's ads are way more subtle. So subtle that my not-so computer savvy mother in law didn't even realize there were ads in all google products. That's why their share prices will diverge.

Facebook . . . Enabling millions of wannabe narcissists with the tools to document their miserable, boring inconsequential lives.

This is what happens when uninformed people pay a hefty premium for notoriety.

I'm going to IPO my own company called Face to Face where human beings must meet with one another. Handshakes and hugs are encouraged, but not required.

There are no photos on F2F, just memories, but you can bring your own camera if you want.

You don't need to post anything to anyone's Wall because they're standing right in front of you.

It has an instant messaging feature that I call "talking."

Unlike FB friends, F2F friends will actually help you move.

You don't need inefficient emoticons because you can see people smiling or frowning. In fact, we have many options for approval or disapproval other than "Like."

There's no need to adjust privacy settings because people only know what you tell them about yourself. We haven't solved the problem of friends sharing private information about you, but neither has FB.

Best of all, F2F is free unless you decide to purchase accompanied goods such as movie tickets, dinners, a bottle of wine or liquor, or hot dogs for the grill.

F2F does not collect your personal information, ever.

The founder of F2F is a really nice guy named God.

When looking at investing money I remember something my very astute late Father used to say. " If you can't eat it or drive your car with it it ain't worth any." That pretty much sums up this whole Facebook fooforah. Where do these fools think the return on their investment is going to come from? they are probably like the Green People who think electricity is so clean because it just comes out of the wall.

Hand in Facebook..?...

Simple rule of investing. Stick to companies that provide a needed product and pays dividends.

That's a still a pretty small decline leaving them with a market cap about $90 billion. I have no idea how anyone could be buying shares at that price. If they decline another 80 to 90 percent we could consider the valuation to be more or less sane.

But I think it's still too dangerous for the typical investor to short it.

I figure the long-short may be in play...

Way overprices for a flakey vanity site with no commercial potential except to steal user's private info and preferences and sell it to marketers. These kiddie mobile sites will bloom and vanish like mushrooms, twitter is next.

Reginald @ 8:23
The F2F freinds will help you move but will they help yopu move a body?

Norm, Reggie:

More important - will they pick you up from the airport?!

Good question...

LOL. You guys are funnier than my FB friends.

We ought to have an SDA barbecue some summer in Canada.

FB supposedly has $5 billion in annual revenue, about 12% from Zynga games. Their click through rate sucks, and sooner or later advertisers are going to figure out whether it works or not. It FB stock is going down, it must be from insiders cashing out.

The one day returns are usually a sign of an inefficient IPO, so I guess they overshot. Some people think oversubscription is a good thing. Apparently the greedy bastards wanted to overpriced it and took some immediate prodits by front running all of the hysterical investors.

It's hard to dislike someone I never met and haven't heard much from, but I can't look at Zuckerberg without wanting his long neck in a guillotine to erase that arrogant laugh he always wears.

I don't see much future for FB, but I was wrong about Amazon.

I can't figure out what value Sean Parker added. What a douche. The others are also talentless. I congratulate Saverin on saving a fortune in cap gains taxes.

"Way overprices for a flakey vanity site with no commercial potential except to steal user's private info and preferences and sell it to marketers. These kiddie mobile sites will bloom and vanish like mushrooms, twitter is next."

Occam I think there's much truth to what you are saying.

Sad thing about the IPO is they burn other peoples money.

If facebook goes belly up, we can all go back to liking things the old fashioned way.

No.