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#Post#: 8950--------------------------------------------------
All Things Money
By: Chiprocks1 Date: May 22, 2012, 9:49 am
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Post anything relating to the evil that is money, be it
investment opportunities, stocks, bonds, counterfeits and
monopoly money if need be.
#Post#: 8951--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: May 22, 2012, 9:50 am
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[center]Facebook shares fall far, fast: Why?
HTML http://www.youtube.com/watch?v=01yhKOdX5R8
#Post#: 8954--------------------------------------------------
Re: All Things Money
By: Mac Date: May 22, 2012, 11:15 am
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Not surprised in the very least. I’m not a day trader, but do
try to watch finances and I’m interested in the good and bad of
investments. I try to learn from it all.
Facebook doesn’t make sense to me as an IPO. What is it? There
is no product. What are you buying? I do understand how big
Facebook is and its importance and position at this time.
Facebook I think comes in as a volatile company. With volatility
comes uncertainty. I think it’s very easy to imagine Facebook
getting replaced by something else in the future. These kinds
of so-called ‘products’ come and go to easy.
Maybe you see I’m a tad conservative with my thoughts on
finance. I have to be… at my age.
Good thread
#Post#: 8955--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: May 22, 2012, 11:37 am
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I initially thought about investing a little pocket change in
FB, but in the end it didn't make any sense at all because as
you pointed out, the shelf life for the company will dry up
pretty fast. Think about it. First it was Myspace, then Twitter,
then Facebook and now it seems to be Tumblr. All of these will
be in the dust bin within a couple of years if not sooner, being
replaced by something that has yet to be invented.
As for the steep drop in FB stock, I'm not surprised one bit.
Everyone that became an instant millionaire was smart to cash
out now when it would be at it's peak financially. This isn't
G&E or IBM where it's gonna have legs to go the distance.
#Post#: 8958--------------------------------------------------
Re: All Things Money
By: Mac Date: May 22, 2012, 11:40 am
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Right, thus all the discussion from the experts on valuating it
so high. WTF... all hype.
#Post#: 8988--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: May 23, 2012, 10:43 am
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[center]Investors File Lawsuit Against Facebook, Underwriters
HTML http://www.youtube.com/watch?v=OdTxQIHEu94
Not good. This is gonna get ugly.
#Post#: 8990--------------------------------------------------
Re: All Things Money
By: Mac Date: May 23, 2012, 10:48 am
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Duh, there's huge sums of money here. Attracting lawyers to this
like flys to s hit
#Post#: 8991--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: May 23, 2012, 10:51 am
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I'm shocked that Gloria Allred hasn't tried to make the facebook
debacle about sexual harassment yet. She's the biggest
opportunist there is.
#Post#: 8993--------------------------------------------------
Re: All Things Money
By: Mac Date: May 23, 2012, 11:27 am
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I imagine Zuckerberg is kicking himself silly about now
"Why did I go public.... why, why, why?"
#Post#: 8994--------------------------------------------------
Re: All Things Money
By: Chiprocks1 Date: May 23, 2012, 11:29 am
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[quote author=Mac link=topic=982.msg8993#msg8993
date=1337790446]
I imagine Zuckerberg is kicking himself silly about now
"Why did I buy Instagram?.... why, why, why?"
[/quote]
Fixed for ya.
Dumbest acquisition ever!
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