Facebook debuts, social-networking stocks fall

Gerald · 05-19-12, 02:16 PM

Quote:

Facebook debuted on Wall Street on Friday with arguably the most high-profile initial public offering in history, but the lackluster trader response raised questions about how deeply investors are prepared to embrace social media.Facebook's stock gained slightly during the day, but also helped drag down prices for the handful of other social-networking firms that were already public. Trading on gaming site Zynga, which uses the Facebook platform and depends on the social-media company for its revenue, was halted twice after its stock plummeted about 13 percent."The market was very surprised that the Facebook pop was so tepid," said Sam Hamadeh, chief executive officer of PrivCo, which tracks private firms.Nevertheless, Facebook immediately signaled that no matter what the financial experts thought, the company is going forward with its "move fast and break things" philosophy. Not 30 minutes after the market closed came news that Facebook had made its first purchase as a public company, buying a social and mobile gifting service called Karma Science.

http://www.sfgate.com/cgi-bin/articl...MNJ91OK7IG.DTL

Note: Saturday, May 19, 2012

MH · 05-19-12, 02:45 PM

Waiting for Facebook OS and then the empire of evil will be complete......

the_tyrant · 05-19-12, 09:55 PM

Think about it logically:
Facebook is worth 100 billion.
That means, each user is worth 100$.

I genuinely do not believe that we are worth 100$ each, after all, I have only clicked on Ads on facebook ONCE.

It just might end up like these guys:http://www.zdnet.com/photos/tech-ipo...allery/6364428

em2nought · 05-19-12, 10:14 PM

Derivatives are a much more attractive purchase, just ask the big guys.

Catfish · 05-20-12, 05:31 AM

Anything that is traded on the stock market is not really worth it - all directions. From oil to money itself, it just gets more expensive by the second without being based on reality. It is just hype played by professional and criminal gamblers.

STEED · 05-20-12, 05:37 AM

How to make money from nothing that makes money, the world has truly gone bonkers.

Wait a minute their is something...Your information!

05-19-12, 09:55 PM	#3
the_tyrant Admiral Join Date: Jun 2010 Location: Canada Posts: 2,272 Downloads: 58 Uploads: 0	Think about it logically: Facebook is worth 100 billion. That means, each user is worth 100$. I genuinely do not believe that we are worth 100$ each, after all, I have only clicked on Ads on facebook ONCE. It just might end up like these guys:http://www.zdnet.com/photos/tech-ipo...allery/6364428 __________________ My own open source project on Sourceforge OTP.net KGB grade encryption for the rest of us

05-19-12, 10:14 PM	#4
em2nought Ocean Warrior Join Date: Mar 2004 Posts: 3,260 Downloads: 0 Uploads: 0	Derivatives are a much more attractive purchase, just ask the big guys. __________________ Looks like we need a Lemon Law for Presidents now! DNC sold us a dud, and they knew it.

05-20-12, 05:37 AM	#6
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	How to make money from nothing that makes money, the world has truly gone bonkers. Wait a minute their is something...Your information! __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

05-19-12, 02:45 PM	#2
MH Ocean Warrior Join Date: Jul 2008 Posts: 3,184 Downloads: 248 Uploads: 0	Waiting for Facebook OS and then the empire of evil will be complete......

05-20-12, 05:31 AM	#5
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,894 Downloads: 38 Uploads: 0	Anything that is traded on the stock market is not really worth it - all directions. From oil to money itself, it just gets more expensive by the second without being based on reality. It is just hype played by professional and criminal gamblers.