Facebook IPO.....will it be another eircom

Outkast_IRE

Honestly if you were thick enough to buy these shares at that ridiculous price you deserve to lose your money.

smash

Melvin Savory Reaction wrote: »

The stockbroker handling the launch is being investigated as apparently they were telling some of their select clients that they thought the share price was too high !

Is that not part of their job if they're managing those clients portfolios?

smash

smash wrote: »

Melvin Savory Reaction wrote: »

The stockbroker handling the launch is being investigated as apparently they were telling some of their select clients that they thought the share price was too high !

Is that not part of their job if they're managing those clients portfolios?

No they were handling the ipo if they thought the price was too high they shouldn't of handled the launch . Essentially if they are found guilty they were cherry picking who they told the stock was rotten while telling the rest of the world it was fab

pickarooney

pickarooney wrote: »

So did Bono not actually magically earn 2 billion dollars then? I have no idea how this stuff works.

He'll claim he's got as little money as his accountants can put down on a piece of paper, put it all in the band's name or as part of a general investment pool he happens to have some control over.

spankmaster2000

the groutch wrote: »

it's all about Zuckerberg wanting to put a monetary value on his shares, so that he can sell them all and retire while things are still peachy.
it's no coincidence that he floated the shares the day before he got married.
expect the shares to be worth a tenner each (their REAL value) within a month

I heard that this was because under California state law; in the case of divorce; his wife will only get 50% of what he earns, beginning from the date of their marriage.
i.e. if they divorce tomorrow, he gets 15 billion; she doesn't get a cent.

That seems like too much of a coincidence that the wedding was held off until then, doesn't it? And pretty mean out of Zuckerberg!

smash

Melvin Savory Reaction wrote: »

No they were handling the ipo if they thought the price was too high they shouldn't of handled the launch . Essentially if they are found guilty they were cherry picking who they told the stock was rotten while telling the rest of the world it was fab

Yea I get you

bamboozle

OSI wrote: »

Depends on whether he sold his shares or not. If he sold them he would have earned a fair wack of money. If he didn't, it's all just paper worth, which isn't really up to much.

2 billion or so worth of shares not really up to much, really?, would you not like to own shares valued at circa 2billion with the option of selling some or all of them at any given point??

spankmaster2000

spankmaster2000 wrote: »

That seems like too much of a coincidence that the wedding was held off until then, doesn't it? And pretty mean out of Zuckerberg!

Poor girl might barely even be a billionaire if they get divorced.

Sergeant

bamboozle wrote: »

2 billion or so worth of shares not really up to much, really?, would you not like to own shares valued at circa 2billion with the option of selling some or all of them at any given point??

If someone wants to buy them.

Celticfire

OSI wrote: »

I'd rather have it in something concrete rather than in an over inflated passing fad that has many analysts screaming "bubble!"

I heard property is the next big thing......

Nothingbetter2d

lol Mark Zuckerberg is now being sued by the shareholders

http://news.cnet.com/8301-1023_3-57439918-93/facebook-zuckerberg-sued-over-ipo/


i can't wait for the next movie, Social Network 2 - The trial

kincsem

Google shares were selling at 100 years profits. What's not to like? In 100 years you will get your money back.
fyi Yahoo were once selling at 630 years profits, and Dell shares were valued at more than three times the cost of all the PCs in the world.

Shush. Don't tap the aquarium.

kincsem

Magic beans, Jack And The Beanstalk. :pac:

Could Facebook be another Enron?

_AVALANCHE_

http://www.dailymail.co.uk/news/article-2148839/Facebook-IPO-Mark-Zuckerberg-cashed-1-13bn-worth-personal-shares-BEFORE-stock-cratered.html

LH Pathe

Nothingbetter2d wrote: »

lol Mark Zuckerberg is now being sued by the shareholders

and being divorced by his asian trophy wife!!

maybe.. but she should perhaps reconsider. she only appears the 'trophy' beside him

Haven't they been together for years?

LH Pathe

Affectionately known as the money'd years. She'd only tie the knot with a handsome enough ransom

superluck

Anyone stupid enough to invest in facebook stock deserves to lose their money.

Vicxas

Hey, Like my stock.... Nice try mark!

seamus

So if someone like me - with a tenuous grasp on how stock markets even work, never mind trading experience - could identify that these shares were overpriced and would lose huge amounts of value practically immediately, it begs the question as to how experienced traders and companies paying people six and seven figure salaries for their time, could be fooled into jumping on the bandwagon.

The stock will probably eventually return to the same level and beyond, benefitting longer-term investors, but there was a lot of hype about getting in early and back out again just as quickly to turn around a big profit.

Greed?

Cookie_Monster

seamus wrote: »

Greed?

as always.

Pal

superluck wrote: »

Anyone stupid enough to invest in facebook stock deserves to lose their money.

In a short few years time, Facebook will be a distant memory.
The world moves on.
People tire of fads.

If you bought these stocks, get rid.

smash

Pal wrote: »

In a short few years time, Facebook will be a distant memory.
The world moves on.
People tire of fads.

People might get bored of it, but while it's easy to deactivate a facebook account it's next to impossible to close a one. So they retain all your personal data. And remember that everything you upload on facebook becomes their property.

What I don't like, and what they could easily do is go into some kind of security operation. They already have face recognition systems for their photos so you can easily tag people. Imagine homeland security companies getting their hands on that kind of info... Run programme to analyse still from a security camera and find out everything about everyone in the photograph instantly.

K-9

seamus wrote: »

So if someone like me - with a tenuous grasp on how stock markets even work, never mind trading experience - could identify that these shares were overpriced and would lose huge amounts of value practically immediately, it begs the question as to how experienced traders and companies paying people six and seven figure salaries for their time, could be fooled into jumping on the bandwagon.

The stock will probably eventually return to the same level and beyond, benefitting longer-term investors, but there was a lot of hype about getting in early and back out again just as quickly to turn around a big profit.

Greed?

Definitely but maybe something more sinister too:

http://business.time.com/2012/05/23/facebook-ipo-furor-feds-probing-deal-over-insider-bank-warnings/

"None of this may be illegal, but here’s the crucial point: Although the investing public should have taken heed of Facebook’s (very opaque) prospectus update, the overall market was not the beneficiary of personal calls from company executives or revised financial projections apparently based on more detailed information than was available to the general public. Indeed, that information seems to have been quickly funneled to favored clients. Meanwhile, the investment bankers, led by Morgan Stanley, raised the IPO offering price in the face of supposedly white-hot investor demand that, days later, proved to have been significantly overstated. Facebook shares have plunged 20% since the IPO, wiping out $17 billion from the company’s valuation."

seamus

seamus wrote: »

So if someone like me - with a tenuous grasp on how stock markets even work, never mind trading experience - could identify that these shares were overpriced and would lose huge amounts of value practically immediately, it begs the question as to how experienced traders and companies paying people six and seven figure salaries for their time, could be fooled into jumping on the bandwagon.

The stock will probably eventually return to the same level and beyond, benefitting longer-term investors, but there was a lot of hype about getting in early and back out again just as quickly to turn around a big profit.

Greed?

With spread betting, short selling etc. you can guarantee no-one important lost money. There's already word that companies gave different advice to different customers.

Logical Fallacy

seamus wrote: »

So if someone like me - with a tenuous grasp on how stock markets even work, never mind trading experience - could identify that these shares were overpriced and would lose huge amounts of value practically immediately, it begs the question as to how experienced traders and companies paying people six and seven figure salaries for their time, could be fooled into jumping on the bandwagon.

The stock will probably eventually return to the same level and beyond, benefitting longer-term investors, but there was a lot of hype about getting in early and back out again just as quickly to turn around a big profit.

Greed?

The majority of stock sales (57% of the stock changed hands in early trading) would have been to chumps.

The IPO is when people make their money who have been involved for a long time.

Fleecing morons mostly.

bnt

It's the end of the week before a long weekend in the USA (Memorial Day). So there will be some closing of positions before the close of the market. FB is down over 4% to around $31.50. Is Bloomberg being a bit unfair to call the FB IPO an Epic Fail?

grindle

bnt wrote: »

Is Bloomberg being a bit unfair to call the FB IPO an Epic Fail?

In populist terms, no.
There seems to be a glut of nouveau riche in the upper-middle classes who want to throw their money at the most-hyped company instead of actually researching or understanding the basic mechanics (not all of it's basic, but just a week of reading up would've told anyone what would happen) of the stock-market.

In financial terms, yes, they're being terribly unfair. The fact that the price has gotten and stayed this high, this early, is miraculous, considering FB has no real game-plan (that we know of) outside of empty "Connect The World" rhetoric.

Who knows, FB has $16 billion of it's own money now, to invest/create as it sees fit.
If they dump Bing (or Bing gets better) and manage to properly integrate search into FB, they'll have outdone what Google-come-lately is trying to do now, but in reverse.
Not to mention totally eviscerating Yahoo as a relevant web-portal (which they've had a great hand in doing already).

EDIT: And after posting this, I read this.
Shrewd move if true.

AlmightyCushion

smash wrote: »

People might get bored of it, but while it's easy to deactivate a facebook account it's next to impossible to close a one. So they retain all your personal data. And remember that everything you upload on facebook becomes their property.

What I don't like, and what they could easily do is go into some kind of security operation. They already have face recognition systems for their photos so you can easily tag people. Imagine homeland security companies getting their hands on that kind of info... Run programme to analyse still from a security camera and find out everything about everyone in the photograph instantly.

Facial recognition is nothing new even in the consumer sector, Apple's iPhoto has done it for ages. It's still pretty limited as well, different light levels, the angle of the person's face in relation to the camera, facial expressions can all put it off. Even if facebook's algorithm is unbelievably good and unlike anything the US military or anyone else has come up with (unlikely but still) it doesn't mean it will be any good for the purposes you describe. It's good at picking out someone from a pool of a couple of hundred people. Setting it to work on the whole facebook user group of nearly one billion across what must be billions of photos is a different story though.