Facebook a legalized ponzi scheme

[Bible_Belt]

It never did break that resistance at 34. Now it might be a while

 

[Burroughs]

Its tanking

http://www.bbc.co.uk/news/business-19018522

 

[OzyBoy]

I bet some people in the know made a fortune out of it. The stock market is just a giant casino i think. :kick:

 

[Blue Phoenix]

Interesting article, as well as the comments there: http://www.economist.com/node/21559947

Facebubble?

 

[Bible_Belt]

FB drops below $20

Sell, Mortimer, Sell!!!

"Facebook shares plunging as insiders start to sell"
Aug 16th

http://www.usatoday.com/money/perfi...siders-stock-lockup-period-expires/57078166/1

 

[Burroughs]

i had this sh!t as a donkey months ago :crackup: :crackup: :crackup:

 

[Alle_Gory]

Quick! Someone make some money on the short. Seriously, this is almost a sure thing.

 

[MetalFortress]

I think it's going to be back once Facebook figures out how to do mobile marketing. I mostly use FB from my iPhone and to this day there are still no ads either from Safari or from the FB app. Between their mobile ad issues and their bad press from losing GM, it's easy to see why the stock dropped.

 

[synergy1]

its also severely overpriced, and given that a ton more shares are planning on entering the market, this will dilute the actual value even more. A good price for FB is still < 10, which I bet it will go to once people realize that revenue from advertising won't bring much in. Now if only they can think of another technique to bring in some money...

 

[Poonani Maker]

Tomorrow, you should be able to make 5% buying FB, but lock in your profits, don't hold! If my price I'm looking for gets hit, I may buy, although I said I'd Never buy FB. I'm a trader, though, not an investor. I don't care how sh!t the company really is, I just wanna scalp and get the fvck out.

 

[Burroughs]

Greed works in mysterious ways. Despite a known business plan that was shaky at best, despite an arrogant punk of a CEO who publicly said he didn't care about his share price, the sheeple just had to have a piece of Facebook. No matter what. GOTTA have a piece of that action. People were climbing over each other to get in line for it. Like the saying goes, a fool and his money are soon parted. And bankers ain't no fools.

 

[Poonani Maker]

I would have possibly bought FB today if it had moved up a percent or 2 first, but it dropped quite nicely. Not touchin it, still has aways to fall. $7 is about fair bottom price. Right now it's bouncing like a ball, where the bounces get smaller and smaller as gravity has it's way.

 

[Bible_Belt]

...and another new low, $18.11 as I type this.

When you see a stock open down on bad news, and then continue to go down during the course of the day like FB did all day, that's extra bad. It means the bad news has not been fully priced into the stock yet and the falling isn't over. Buying into bad news is not an especially horrible trading strategy, but with a dog like FB, the bad news just never stops coming.

 

[ka_mate]

Personally, I would never invest in Facebook.

And by that I mean from today onwards. Sure, if I had a time machine and could go back to before it was massive then of course I'd jump onboard it.

But Facebook today as a company trading on the stockmarket doesn't make rational sense.

It approximately has 1 billion users. Look at its current profit figure for now and the maximum it could possibly grow if they gained 100% market share and the entire world was on facebook is only 6-7 times greater than what it is now.

Compare this to the amount of times it has already grown. Say for example, if you invested when it had 1000 members and it has multipled thousands of times since then. Your ROI would be much greater then as it is now priced (overpriced on IPO) for a customer base of 1 Billion.

Furthermore, how long will facebook last?

In ten years will facebook still be around? Maybe, we don't really know. Will Coca Cola be around in 10 years? 99% likely

compared to other investments Facebook has a high chance of not surviving long term.

Look at the decline of myspace, msn or any other website.

It's not a legalized ponzi scheme, it's just not a smart investment

 

[Poonani Maker]

This is a Lie..http://www.youtube.com/watch?v=jjhK21FR9Us

Zuckerberg has SOLD $1 BILLION worth of FB shares 12 weeks ago i.e. NOT "holding on" like he "said" he was..you can look it up at the SEC website.

So many fvckin lies in the media guys or "journalists" who don't do a lick of research.

 

[Alle_Gory]

This is a Lie..http://www.youtube.com/watch?v=jjhK21FR9Us

Zuckerberg has SOLD $1 BILLION worth of FB shares 12 weeks ago i.e. NOT "holding on" like he "said" he was..you can look it up at the SEC website.

So many fvckin lies in the media guys or "journalists" who don't do a lick of research.

He's not stupid. He's a devious little fvcker.

Let's not forget this gem:

Zuck: Yeah so if you ever need info about anyone at Harvard

Zuck: Just ask.

Zuck: I have over 4,000 emails, pictures, addresses, SNS

[Redacted Friend's Name]: What? How'd you manage that one?

Zuck: People just submitted it.

Zuck: I don't know why.

Zuck: They "trust me"

Zuck: Dumb ****s.

Source:Gizmodo

 

[Poonani Maker]

It's all rigged...http://www.youtube.com/watch?v=K91gKdQWLWY

and more FB bailing from the get-go by the insiders http://www.youtube.com/watch?v=3rPVO_okNCQ

No one goes to jail, no one hangs.

 

[Burroughs]

Zuckerfvck keeps lying

http://www.fool.com/investing/general/2013/06/15/facebooks-stock-will-go-up-says-zuckerberg.aspx

 

[Velor]

Maybe im just jealous, but I hate that fukenberg so much, also- FB *****es you ll never have my cell phone and why on earth would you need it?

 

[BeTheChange]

Facebook's current valuation is now over $200bn.

Take note of all the "experts" in this thread who were writing it off as a bad investment.