Facebook stocks ...
People never learn: here is a very similar story from dot.com bubble Lastminute.com - Wikipedia, the free encyclopedia
lastminute.com was founded in London by Martha Lane Fox and Brent Hoberman in 1998 to offer late holiday deals online. The founders were colleagues at media strategy consultants Spectrum.[2]
By January 2000, lastminute.com had more than 500,000 regular users[3] and its offering had expanded to include travel, gifts and entertainment.[2] The company specialises in selling distressed inventory.[4]
Ahead of its flotation, the company raised a further $31m from seven new investors; BAA led the round with a commitment of £13.25m. The other investors in this round were Bass Hotels & Resorts, Sony Music Entertainment, Mitsubishi Corporation Finance, Vivendi's Viventures, Starwood Hotels and priceline.com. These joined previous investors including Intel, Deutsche Telekom, France Telecom, Harvey Goldsmith and Global Retail Partners. At the time it opened offices in Paris, Munich and Stockholm.[2] In the ten months ending December 1999, the company handled £37m of transactions, which generated £330,000 of income.[5]
It floated on the London Stock Exchange on 14 March 2000. The shares were placed at 380p, valuing the company at £571m. The share price rose on the first day of trading to 511p, giving a valuation of £768m, before falling back to 492.5p later in the day.[6] The paper wealth of the founders of the business went up to around £300m.[7]
250,000 private investors had applied for shares in the flotation. 33m shares - 25% of the company - were being offered for sale, the bulk of which went to institutional investors. Private applicants received just 35 shares each.[7] ......
...
People (the regular people) I can understand to some extent
They want to be secure. They want to worry less for tomorrow. And they trust the "master minds" (just see the flood of awards that somebody got prior to this ... whatever). And in these times of crisis some were seeing that as an opportunity to avoid troubles that almost everybody has. So I can understand those reasons (not to justify (one has to think with his/her own mind), but to understand : yes )
I do not understand "the other side" : come on - how much more happiness can one get by ripping of a couple of billions more from people that in the end trusted him (them)? And what kind of a "happiness" is that?
...
Latest quotes :FB:US 28.1900 USD -0.6500 -2.25% As of 20:10:00 ET on 05/30/2012.
...
Finally one good day for facebook stocks owners :
FB:US 29.6000 USD 1.4100 5.00% As of 20:10:00 ET on 05/31/2012.
...
Another "red" day :
FB:US 27.7200 USD -1.8800 -6.35% As of 20:10:00 ET on 06/01/2012.
What was shocking to me was seeing all the broker advertising at bus stops of all places screaming how one could become an owner of Facebook. I wonder how many people made their first "investment" based on this kind of hype.
....
Maybe cases like this (among a lot of similar ones) is why they try to regulate some things this way : SEC Approves Exchange Proposal to Adjust U.S. Trading Curbs - Bloomberg
Let see if that will help in any way
What was shocking to me was seeing all the broker advertising at bus stops of all places screaming how one could become an owner of Facebook. I wonder how many people made their first "investment" based on this kind of hype.
...
No comment ...
“Facebook is trying to use children to desperately boost its ad revenues now that it’s gone public,” said Jeff Chester, executive director of the Center for Digital Democracy, a Washington-based privacy group.
And what will the next step be : the newborns?
Source : Facebook Tumbles After Bernstein Questions Owning Shares
No comment ...
And what will the next step be : the newborns?
Source : Facebook Tumbles After Bernstein Questions Owning SharesWhat the? Some of those doesn't even know how to change diapers yet and they're trying to get them involved already?
...
One more "red day" :
FB:US 26.9000 USD -0.8200 -2.96% As of 20:10:00 ET on 06/04/2012.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Since it seems to be developed into a story for itself and since it is anything but a joke and posting it further in the jokes thread would be wrong, posting this (even as a possible reminder of this whole "story").
Latest quotes :
Changes are from a previous day close
To remind : they started at $45 just 12 days ago