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Facebook IPO
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OasisBU
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5/18/2012  7:31 AM
Anyone going to get in on the IPO?

What does everyone think about the hype?

My opinion is, this is the biggest website on the internet - 900 Million + users, tons of personal data they can monetize.

If this IPO fails then the internet is broken. I see no reason why it shouldn't at least do as well as LinkedIn has and I believe the overall expectations are up there with Google (although that is a little much for a company that is not as diverse as Google).

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
AUTOADVERT
JesseDark
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5/18/2012  11:28 PM
I went in on a few shares, got in at 42. I'm surprised more folks aren't talking about this here, usually stock talk gets the off topic forum jumping.
Bring back dee-fense
BasketballJones
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5/19/2012  2:16 PM    LAST EDITED: 5/19/2012  2:17 PM
Nope. Maybe if it drops down to $20 per share I will look at it.

In this case, I'm going by personal experience - I hardly use facebook. I'm only on because I have some family and friends on there, but I find it incredibly boring after the initial novelty, and I'm definitely not interested in using it as a portal to my web experience, nor do I ever follow any of the ads that are presented. I think something better is around the corner. Maybe that will be the new facebook, but as of now, I'm not a fan of the product.

https:// It's not so hard.
SupremeCommander
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5/19/2012  5:14 PM
great offering for FB. They left no money on the table. Which makes it a ****ty buy
DLeethal wrote: Lol Rick needs a safe space
OasisBU
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5/19/2012  7:57 PM
In terms of unique users it is probably in the top 3-5 websites on the Internet.

Interesting first day, I think Wall Street has it in for them. We'll see what happens, I have a position in it and am not as bearish as CNBC and others, but we shall see.

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
BasketballJones
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5/22/2012  10:37 AM
Down to $32 now.
https:// It's not so hard.
OasisBU
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5/22/2012  2:30 PM    LAST EDITED: 5/22/2012  2:31 PM
Its pretty ugly, I don't like the multiple and the fact that so many individual investors are holding so many shares. They floated a ton of shares in the IPO and more will be released soon. I think it will ultimately settle below $30.

They have to dramatically increase their revenues in order to justify the multiple and apparently Morgan Stanley told insiders that the revenue forecast was downgraded right before the IPO. Not good.

Who knows - if you aren't a long term holder I wouldn't touch it right now.

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
BasketballJones
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5/22/2012  2:50 PM    LAST EDITED: 5/22/2012  2:51 PM
I'm not a super-sophisticated investor, but I've never seen an IPO I thought I could profit from. Makes more sense to wait for the inevitable price decline if you really want the stock. I'm not convinced it's worth the risk in this case - but then I haven't been following it and don't know what the bull case is for this stock. Maybe I will turn out to be right and a $20 entry point will be reached.
https:// It's not so hard.
BasketballJones
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5/29/2012  12:59 PM
Under $30 today
https:// It's not so hard.
OasisBU
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5/29/2012  3:04 PM
Yeah this is going to take a while to play out, if you dont have money to burn I would stay out of it until there is a bottom.

That being said, if they can prove themselves it will be a good stock to own but I think that odds are against them right now.

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
VDesai
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5/31/2012  1:58 PM
Facebook is a great website, not a great company. Certainly not a good investment right now. Their valuation was way too high- they don't really have any solid way of making money. They rely on ads for revenue and who clicks on those ads? Big advertisers like general motors have dropped out. Based on legitimate comparables like linkedin and other publicly traded social networking websites this thing should be priced in the low teens. The IPO put their market cap in the same area as Amazon.com and its not that kind of company.
BasketballJones
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7/26/2012  6:30 PM
BasketballJones wrote:Nope. Maybe if it drops down to $20 per share I will look at it.

In this case, I'm going by personal experience - I hardly use facebook. I'm only on because I have some family and friends on there, but I find it incredibly boring after the initial novelty, and I'm definitely not interested in using it as a portal to my web experience, nor do I ever follow any of the ads that are presented. I think something better is around the corner. Maybe that will be the new facebook, but as of now, I'm not a fan of the product.


Down to $26.845 today....

https:// It's not so hard.
OasisBU
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7/26/2012  11:13 PM
BasketballJones wrote:
BasketballJones wrote:Nope. Maybe if it drops down to $20 per share I will look at it.

In this case, I'm going by personal experience - I hardly use facebook. I'm only on because I have some family and friends on there, but I find it incredibly boring after the initial novelty, and I'm definitely not interested in using it as a portal to my web experience, nor do I ever follow any of the ads that are presented. I think something better is around the corner. Maybe that will be the new facebook, but as of now, I'm not a fan of the product.


Down to $26.845 today....

Until they monetize their database of users and figure out mobile - they are screwed.

Their big idea is to sell advertising on the mobile news feed - I think that's a start but won't make them a viable company by any means. Their true potential is the ability for advertisers to interact with users directly but FB can't seem to figure that part out.

Now if they offered to pay you so advertisers could interact then I think there might be something to it. Not sure how they can pull that off but they need to come up with a totally new model that doesn't exist yet - and that will take some major innovation.

"If at first you don't succeed, then maybe you just SUCK." Kenny Powers
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