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Facebook stock hits another new all-time low
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The following comments relate to this news article:
article published on 4 September, 2012
Facebook's stock continued its quick descent into new all-time lows, again.
The latest drop came thanks to Morgan Stanley, the bank which was the lead underwriter for the company's public offering months ago.
Morgan Stanley said in a note to clients that the giant social network continues to struggle in their efforts to target mobile users with ads. Users see thirty times the amount ... [ read the full article ]
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Senior Member
1 product review
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5. September 2012 @ 11:50 |
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Just goes to show you can't be a genius at everything.
The mucky mucks did their insider trading thing & made their money, so everybody who even remotely knew anything about stocks should have known to avoid this deal like the plague.
Get rich quick. It seldom ever happens & when it does it NEVER stays in that guys pocket for long. Thus the following caption; easy come, easy go.
This message has been edited since posting. Last time this message was edited on 5. September 2012 @ 11:51
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SomeBozo
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2 product reviews
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5. September 2012 @ 14:17 |
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For some reason I can't help but think "You reap what you sow..." Sure seems Mark Zuckerberg is now reaping what he has done to others. From what I can see he has screwed over many people to get where he is now, now he is losing a lot with his stock. I call it karma :)
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Mr_Bill06
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5. September 2012 @ 20:50 |
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Facebook is worth that much? For such a worthless site, I mean the idea was good but the way people use it, it's just worthless. It's the beginning of the fall of Facebook. I got real sick of seeing ads a long time ago and use add-ons to get rid of them. The same with Youtube, I can't understand how some people can put up with being forced to watch ads before and sometimes during the video they are watching.
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embo22000
Junior Member
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6. September 2012 @ 00:14 |
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Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way
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Staff Member
4 product reviews
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6. September 2012 @ 01:32 |
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Originally posted by embo22000:
Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way
I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.
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Virgil_B
Junior Member
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7. September 2012 @ 09:53 |
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Originally posted by DVDBack23:
Originally posted by embo22000:
Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way
I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.
The sad thing is that other investors jumped on the IPO band wagon, bought shares at $38.00, and lost 50% of their investment almost immediately. Those are the people I feel sorry for.
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salsa36
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7. September 2012 @ 09:57 |
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I still don't understand how it's worth anything.
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salsa36
Member
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7. September 2012 @ 09:57 |
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I still don't understand how it's worth anything.
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bogwart16
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7. September 2012 @ 10:01 |
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Zuckerberg has pledged not to sell any of his holdings for the next year, unlike Dustin Moskovitz.
If he's lucky he will see a little of his orginal profit from the IPO. If he's lucky.
We once had a empire and it was led by an emperor then we had a kingdom which was led by a king. Now we have a country.
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SomeBozo
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7. September 2012 @ 12:16 |
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Originally posted by Virgil_B:
Originally posted by DVDBack23:
Originally posted by embo22000:
Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way
I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.
The sad thing is that other investors jumped on the IPO band wagon, bought shares at $38.00, and lost 50% of their investment almost immediately. Those are the people I feel sorry for.
I don't feel sorry for anyone that invested and bought into faceb00k. They did so on their own and know the risks. I would argue the reason we see the world in such problems is the pursue of wealth and greed. People looking to make a fortune by simply purchasing stock and expect to become rich, heck not just facebook, but any company's stock... Just happens to be faceb00k here.
On the other side the people who you say you feel sorry for... I look at this story and think what P.T. Barnium said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.
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bogwart16
Member
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7. September 2012 @ 12:40 |
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Quote:
On the other side the people who you say you feel sorry for... I look at this story and think what PT Barnum said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.
Riddle me this, Batman. In March 2000 the dot.com bubble burst. Most people lost their shirts, although a handful like Amazon came back, Cisco and Amazon among them. Amazon, for instance, went from $107 to $7 but a decade later was worth over $200 and has continued to appreciate.
So Barnum was right. Investors are mostly idiots, led by the snouts by crooks like G-Sax. If a company like FB can be sold for so much, with the people running the IPO baling the moment their profits have been taken, you get the hell out of Dodge. And you do it whatever the loss, because it will only get worse.
FB will never make money because they can't monetise their product via mobile traffic - and that's where all the traffic is heading these days.
We once had a empire and it was led by an emperor then we had a kingdom which was led by a king. Now we have a country.
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SomeBozo
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7. September 2012 @ 14:12 |
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Originally posted by bogwart16:
Quote:
On the other side the people who you say you feel sorry for... I look at this story and think what PT Barnum said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.
Riddle me this, Batman. In March 2000 the dot.com bubble burst. Most people lost their shirts, although a handful like Amazon came back, Cisco and Amazon among them. Amazon, for instance, went from $107 to $7 but a decade later was worth over $200 and has continued to appreciate.
So Barnum was right. Investors are mostly idiots, led by the snouts by crooks like G-Sax. If a company like FB can be sold for so much, with the people running the IPO baling the moment their profits have been taken, you get the hell out of Dodge. And you do it whatever the loss, because it will only get worse.
FB will never make money because they can't monetise their product via mobile traffic - and that's where all the traffic is heading these days.
I think I'd agree to most all you say, i'd add, and i think you'd agree the difference between Amazon and the rest of the companies you mention as example that bounced back, or can i say the type of companies that rebounded... The difference is they could monetize the business/service they are in and provide. And thus the problem with faceb00k as you mention as well, there really isn't a tangible thing they provide...
Hmm... Time to start buying tulip bulbs now??? ;) Sure you understand:)
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bogwart16
Member
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7. September 2012 @ 14:26 |
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Originally posted by SomeBozo:
Hmm... Time to start buying tulip bulbs now??? ;) Sure you understand:)
Indeed. I also have some stock in the South Sea Company which I'm sure will be worth a fortune in weeks to come. Yours for a song.
We once had a empire and it was led by an emperor then we had a kingdom which was led by a king. Now we have a country.
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Senior Member
1 product review
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9. September 2012 @ 15:05 |
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Personally, I'd put everything you've got into canned food & shotguns.
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