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After five days, facebook ranks as worst ipo flop of the decade - Picture Fridge Magnet Manufacture by fdhjkl rfghjtkl





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After five days, facebook ranks as worst ipo flop of the decade - Picture Fridge Magnet Manufacture by
Article Posted: 12/09/2012
Article Views: 227
Articles Written: 2148
Word Count: 415
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After five days, facebook ranks as worst ipo flop of the decade - Picture Fridge Magnet Manufacture


 
Business,Business News,Business Opportunities
gwailo247 on May 25, 2012 4:55 PM So basically a giant pump-and-dump that ended before the IPO evenbegan. Every investor that bought shares once the IPO began basically paidfor the profits made beforehand. Reply Guest on May 25, 2012 4:59 PM burn, FB, burn! Reply davislane1 on May 25, 2012 5:03 PM Called the short on this behemoth months ago. I want Jim Cramer'sjob at CNBC. Reply Ranger12 on May 25, 2012 6:00 PM All these tech companies going for billions and hundreds ofmillions reminds me of the dot com boom of the late 90's/early2000's.

They typically defy traditional company valuation practicesbecause of the unique nature of the companies. However, very feware valued accurately and we end of with stuff like this. Lots ofhype followed by people losing money. Reply Guest on May 25, 2012 6:25 PM Oh noes the rich lost their money, I'm so sad Reply howzz1854 on May 25, 2012 7:41 PM actually the rich are the winners here.

they're the insiders whodumped the stock at opening at $38 and made $16billions combined.the losers are the little retail consumers. this thing stank wayfrom the beginning. way overhyped by the marketing and theunderwriters. talk about 100 billion valuation, it's not even worth50 billion.

I wouldn't even pay $15 for a share let along $30. itsintrinsic value is just not there. with lack of real profit,unproven business model. it always makes me upset when I see peoplegoing to super market and comparing prices between $2.50 and $2.99.and when a joe schmo calls you on the phone, people will buyanything they sell on the other line without even looking into theincome statement. $^%$^% makes me mad people.

Reply p51d007 on May 25, 2012 11:49 PM I wouldn't buy this or any other "dot.com" stock that does notPRODUCE a product. Other than information, what does FB actually "make" I use an ad blocker, never play any of the "games" on FB, neverclick on the company "likes" pages. It's just for family to keep intouch. FB may go the way of myspace, if the next "cool" thing comesalong. I think this IPO was nothing more than an over inflated ponzischeme.

Reply Guest on May 26, 2012 12:21 AM Die Zuckerberg, DIE! Reply.

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