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!

Platapus · 05-20-12, 05:55 AM

When the service is free, the customer IS the product being sold.

Gerald · 05-20-12, 06:49 AM

Quote:

Facebook founder Mark Zuckerberg has ended a hectic week which saw his company valued at £106bn after a stock market flotation by getting married.

He wed his long-time girlfriend Priscilla Chan, 27, in a ceremony at his home in Palo Alto, California.

Chan also had a busy week, graduating from medical school on Monday, as Zuckerberg marked his 28th birthday.

The guests believed they were going to celebrate Chan's graduation - but found they were at a wedding instead.

The wedding ring, a "very simple ruby", was designed by Zuckerberg.

http://www.bbc.co.uk/news/world-us-canada-18135564

Note: Update record, 20 May 2012 Last updated at 02:16 GMT

STEED · 05-20-12, 06:55 AM

Din't he make some sort of comment calling people stupid BLEEPS for showing the world personal info.

Seem to recall reading some where on the Internet.

Gerald · 05-20-12, 07:07 AM

When it comes to money, so taken all necessary steps to reach the top...

Skybird · 05-20-12, 08:28 AM

Overhyped, over-valued, and considering that they produce no real value, no goods, no lasting qualities, facebook is a symptom of how ill our economy works and how ill it already is beign designed.

If we make such a celebration of a stockmarket entrance like this, and in the hype rate it as more valuable than Mercedes, Siemens and some third German major industry player all three together, then this tells me that our system is on autopilot to self-destruction.

Bubble-burst likely to be ahead. I will have no compassion with those who bought.

Gerald · 05-20-12, 10:44 AM

Tomorrow's stock market, will ensure that the shares will be "normal".

05-20-12, 10:55 AM

Anyone for tulips?

Gerald · 05-20-12, 10:58 AM

Possibly Zuckerberg, he's married

Betonov · 05-20-12, 11:13 AM

Quote:

Originally Posted by Tribesman

Anyone for tulips?

No thanks. I don't grow things I can't eat or smoke

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: 3,485 Downloads: 0 Uploads: 0	Derivatives are a much more attractive purchase, just ask the big guys. __________________ em2nought is ecstatic garbage!

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!

05-20-12, 05:55 AM	#7
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 19,360 Downloads: 63 Uploads: 0	When the service is free, the customer IS the product being sold. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

05-20-12, 06:55 AM	#9
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Din't he make some sort of comment calling people stupid BLEEPS for showing the world personal info. Seem to recall reading some where on the Internet. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT! Last edited by STEED; 05-20-12 at 07:23 AM.

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: 17,765 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.

05-20-12, 07:07 AM	#10
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	When it comes to money, so taken all necessary steps to reach the top... __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

05-20-12, 08:28 AM	#11
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,602 Downloads: 10 Uploads: 0	Overhyped, over-valued, and considering that they produce no real value, no goods, no lasting qualities, facebook is a symptom of how ill our economy works and how ill it already is beign designed. If we make such a celebration of a stockmarket entrance like this, and in the hype rate it as more valuable than Mercedes, Siemens and some third German major industry player all three together, then this tells me that our system is on autopilot to self-destruction. Bubble-burst likely to be ahead. I will have no compassion with those who bought. __________________ If you feel nuts, consult an expert.

05-20-12, 10:44 AM	#12
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Tomorrow's stock market, will ensure that the shares will be "normal". __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie

05-20-12, 10:55 AM	#13
Tribesman Stowaway Posts: n/a Downloads: Uploads:	Anyone for tulips?

05-20-12, 10:58 AM	#14
Gerald SUBSIM Newsman Join Date: May 2008 Location: Close to sea Posts: 24,254 Downloads: 553 Uploads: 0	Possibly Zuckerberg, he's married __________________ Nothing in life is to be feard,it is only to be understood. Marie Curie