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 Post subject: Facebook
PostPosted: Fri May 18, 2012 8:18 
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Gogmagog

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So, $104Bn is the starting price as it goes public today. This was always going to be THE BIG EVENT in the tech industry. A lot of people have been wondering "is this a technoolgy bubble we're in?" and some say "Yes, this is madness!" whilst others roll arouund in Franklins. I think that this could mark the end of the big dollar IPOs for a while, with more higher profile firms being bought out before going public in this sector. Shares on the secondary market have probably been trading hands at large multiples, propping up ailing pension funds. Still, I'll be watching with great interest. I think it'll peak today at $138 Bn, before settling at $112Bn. What do you think?

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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 8:25 
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Unpossible!

Joined: 27th Jun, 2008
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So Facebook is worth more than a smallish country?


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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 8:27 
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Gogmagog

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DavPaz wrote:
So Facebook is worth more than a smallish country?


To some, apparently so. I've got £2.80 in my pocket so could probably buy Greece/irelan/Spain/Portugal/Italy at present, and have change for a pint.

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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 8:27 
Filthy Junkie Bitch

Joined: 17th Dec, 2008
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MaliA wrote:
I think it'll peak today at $138 Bn, before settling at $112Bn. What do you think?

This. And $80Bn by christmas.


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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 8:28 
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Unpossible!

Joined: 27th Jun, 2008
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A northern pint.


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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 9:29 
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Excellent Member

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MaliA wrote:
I think it'll peak today at $138 Bn, before settling at $112Bn. What do you think?


That this article is onto something.

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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 9:32 
SupaMod
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Sweepstake? Peak at $142Bn.

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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 9:35 
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ugvm'er at heart...

Joined: 4th Mar, 2010
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Plissken wrote:
MaliA wrote:
I think it'll peak today at $138 Bn, before settling at $112Bn. What do you think?


That this article is onto something.


Interesting, i've never really considered it in that light.


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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 9:46 
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Gogmagog

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Grim... wrote:
Sweepstake? Peak at $142Bn.


OK, If it is between 140-and 144 I'll buy you a pint, and I'll take 136-140?

Anyone else care to join in

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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 19:43 
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If you missed out on shares in the sinister Facebook, I know of a great venture in the South Seas.


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 Post subject: Re: Facebook
PostPosted: Fri May 18, 2012 19:48 
Filthy Junkie Bitch

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Kern wrote:
If you missed out on shares in the sinister Facebook, I know of a great venture in the South Seas.

Unfortunately, all my capital is tied up in Tulip bulbs right now.


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 Post subject: Re: Facebook
PostPosted: Mon May 21, 2012 21:28 
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Skillmeister

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More than one third of divorce filings last year mentioned the word "Facebook". Via @louistheroux

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 6:15 
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The shares have dropped from $38 to $31 already.

There also appears to be the faint smell of corruption hanging of the floatation as well


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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 7:12 
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Sleepyhead

Joined: 30th Mar, 2008
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Nasdaq are gonna get sued; that's for sure.

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 7:25 
SupaMod
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Curiosity wrote:
Nasdaq are gonna get sued; that's for sure.

What happened?

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 7:47 
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Master of dodgy spelling....

Joined: 25th Sep, 2008
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It was in the Independent this morning,... apparently important information was kept from investors..

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 8:32 
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KovacsC wrote:
apparently important information was kept from investors..
No, not quite.

NASDAQ is being sued because it had systems problems that prevented buy and sell orders from going through correctly. Meanwhile, Facebook is being sued for inaccurate information in its IPO prospectus. Two separate lawsuits.

More: http://www.reuters.com/article/2012/05/ ... 2O20120523


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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 8:35 
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KovacsC wrote:
apparently important information was kept from investors..


What, like "Shawnee is sooooo happy 2 c her man agin now he out prison. Gunna partie tonight lol! x.x.X.x.x"

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 8:41 
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Gogmagog

Joined: 30th Mar, 2008
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Craster wrote:
KovacsC wrote:
apparently important information was kept from investors..


What, like "Shawnee is sooooo happy 2 c her man agin now he out prison. Gunna partie tonight lol! x.x.X.x.x"



That could be MrsA's cousin writing that.

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 9:56 
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Sleepyhead

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I was reading yesterday that Nasdaq made ten million out of their balls up, due to the movement in share price. That'll help them pay off the claimants, at least.

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 Post subject: Re: Facebook
PostPosted: Wed May 23, 2012 10:20 
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Two heads are better than one

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http://www.guardian.co.uk/technology/20 ... ted-secret

Quote:
Facebook IPO: banks investigated for allegedly keeping negative news secret

Morgan Stanley, JP Morgan and Goldman Sachs are said to have shared with big investors while keeping public in the dark


Quote:
Financial regulators are to investigate whether the banks in charge of Facebook's initial stock offering broke the rules by selectively releasing negative news about the company before shares went on sale.

The financial industry regulatory authority (Finra) is looking into allegations that Morgan Stanley and other banks released reduced revenue forecasts for Facebook to big investors – but not the general public – before Friday's IPO. Such activity could constitute a violation of securities law.

Mary Schapiro, chairwoman of the securities and exchange commission, said it also had concerns. Speaking to reporters outside a Senate banking committee hearing into JP Morgan's financial reporting, she said: "I think there is a lot of reason to have confidence in our markets and in the integrity of how they operate, but there are issues that we need to look at specifically with respect to Facebook."

Facebook stock charted a lackluster performance in its first day of trading before falling steeply at the start of this week. News of the Finra investigation drove the stock down more than 8% Tuesday.

It is the second regulatory investigation tied to the Facebook IPO. The SEC announced Friday that it was looking into reports of breakdowns in trading mechanisms at the Nasdaq exchange as the stock went on sale.

And the SEC investigation isn't the only headache for Nasdaq after the Facebook IPO. An investor is suing the exchange, accusing it of negligence in handling trades that resulted in losses for traders, Reuters reports.

All three banks that worked on the Facebook deal – Morgan Stanley, JP Morgan and Goldman Sachs – will be investigated for allegedly sharing the negative news with institutional investors but not the public at large, Finra chairman Richard Ketchum told Reuters.

"If true, the allegations are a matter of regulatory concern to Finra and the SEC," Ketchum said.

The Facebook underwriters already had come under criticism for rolling out the stock at a price the market could not sustain, although the aggressive pricing netted $16bn for Facebook owners.

Barry Ritholtz, the widely followed financial blogger and chief market strategist at Fusion IQ in New York, criticised all sides – Facebook, Morgan Stanley and Nasdaq.

"Thus, what we see are a series of bad decisions made by Facebook's executives going back many years," he wrote on his blog Tuesday. "The insiders got greedy, too clever by half, in how they used secondary markets. They picked a bad banker and an awful exchange," Ritholtz said.


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 Post subject: Re: Facebook
PostPosted: Thu May 24, 2012 15:17 
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Litany of incompetence: http://blogs.reuters.com/felix-salmon/2 ... ompetents/


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 Post subject: Re: Facebook
PostPosted: Thu May 24, 2012 21:50 
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I also don't understand how a company with revenues of $6 Billion PA can be floated for $104 Billion.

Its now worth more than Amazon who have $11 Billion revenue in 3 months.


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 Post subject: Re: Facebook
PostPosted: Thu May 24, 2012 22:29 
SupaMod
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asfish wrote:
I also don't understand how a company with revenues of $6 Billion PA can be floated for $104 Billion.

Its now worth more than Amazon who have $11 Billion revenue in 3 months.

Worth more than Google, too.

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 Post subject: Re: Facebook
PostPosted: Thu May 24, 2012 23:26 
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asfish wrote:
I also don't understand how a company with revenues of $6 Billion PA can be floated for $104 Billion.

Its now worth more than Amazon who have $11 Billion revenue in 3 months.

Amazon's profit margins are teeny tiny. Facebook's aren't. In order to scale revenue, Amazon has to scale costs. Facebook doesn't.


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 Post subject: Re: Facebook
PostPosted: Mon Jul 30, 2012 18:37 
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Argh! My nice, clear, and easy to use profile has been 'upgraded' to the shitty, ugly, and needlessly complicated Timeline. Dam you, Zuckerburg!


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 Post subject: Re: Facebook
PostPosted: Wed Sep 12, 2012 8:45 
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Facebook share price halves.

Quelle surprise.

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 Post subject: Re: Facebook
PostPosted: Wed Sep 12, 2012 8:46 
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INFINITE POWAH

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Anyone who couldn't see that coming was a massive belm-faced knob-winkle.

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 Post subject: Re: Facebook
PostPosted: Tue Oct 23, 2012 15:48 
SupaMod
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Image

Oh.

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 Post subject: Re: Facebook
PostPosted: Tue Oct 23, 2012 16:12 
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If I won the lottery, I would totally spam people's Timelines with shit I'd paid to promote. Like literally, just statuses of "I'M SHIT I'M SHIT I'M SHIT" etc.


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 Post subject: Re: Facebook
PostPosted: Tue Oct 23, 2012 17:00 
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Heavy Metal Tough Guy

Joined: 31st Mar, 2008
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GazChap wrote:
If I won the lottery, I would totally spam people's Timelines with shit I'd paid to promote. Like literally, just statuses of "I'M SHIT I'M SHIT I'M SHIT" etc.

:this: only it would be a pic of me lighting a cigar with a £50 note, sitting in my Ferrari in the courtyard of my 16th Century Tuscan Palace. "MY LIFE IS BETTER THAN YOURS" in their time line. Forever.


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 Post subject: Re: Facebook
PostPosted: Tue Oct 23, 2012 18:41 
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So if I paid £4 to promote what do I get for this?

Only use facebook to see what old school friends look like and maybe the odd message to them, so I don't really use or understand all of it


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 Post subject: Re: Facebook
PostPosted: Mon Nov 12, 2012 12:56 
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Gogmagog

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Interesting article on the possible reasons behind the IPO.

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 Post subject: Re: Facebook
PostPosted: Thu Feb 20, 2014 15:35 
SupaMod
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Facebook has thrown some (American) pennies around to buy WhatApp.

1,900,000,000,000 of them, actually.

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 Post subject: Re: Facebook
PostPosted: Thu Feb 20, 2014 16:39 
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Sleepyhead

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They should have bought WhatsApp instead.

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 Post subject: Re: Facebook
PostPosted: Thu Feb 20, 2014 16:39 
SupaMod
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But WhatApp was made by Neil Patrick Harris.

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 Post subject: Re: Facebook
PostPosted: Thu Feb 20, 2014 16:44 
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ugvm'er at heart...

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Isn't it £4bn actually money, and the rest magic paper banky money?

Still, £4bn isn't to be sniffed at, for a 55 person company. I wonder how they will share it out...


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 Post subject: Re: Facebook
PostPosted: Thu Feb 20, 2014 20:22 
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UltraMod

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Trooper wrote:
Isn't it £4bn actually money, and the rest magic paper banky money?

Still, £4bn isn't to be sniffed at, for a 55 person company. I wonder how they will share it out...

"A few people super rich, the rest rich, and an admin assistant was picking out her Lamborghini earlier" is what I read.

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 Post subject: Re: Facebook
PostPosted: Fri Apr 16, 2021 23:08 
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I did consider posting this in the ‘How does Facebook deal with dead people’ thread but chickened out as it was likely in bad taste.

Anyway, I just wanted to post this fine example of my favourite kind of Facebook interaction.

(The commenter is an old colleague, I do not follow the medium... :D )


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 Post subject: Re: Facebook
PostPosted: Mon Apr 19, 2021 4:02 
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Can you dig it?

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I can still see through the yellow mark you've made to obscure their surname. Prolly not a huge deal as they are using social media and commenting on what looks to be a public post, but still.

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 Post subject: Re: Facebook
PostPosted: Mon Apr 19, 2021 8:48 
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D’oh. Probably not a huge deal as she isn’t exactly saying anything shocking (having not seen a ghost being hardly a worrisome trait) but I’ll go back over it for completion’s sake).

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 Post subject: Re: Facebook
PostPosted: Mon Apr 19, 2021 17:40 
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Knowing the person in question I'm more surprised that she didn't have a lengthy story about when she met a ghost.


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 Post subject: Re: Facebook
PostPosted: Mon Apr 19, 2021 17:55 
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:DD

I absolutely adore this woman. She was half of the world’s best duo of ‘Work Mums’. Need a chat with your mum but you’re stuck at work? There they were!

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