No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

I'll take Insider Trading for $2000.

And this while the majority of the prison population are non violent offenders.

sounds legit to me, don't be a pussy. just double down, it will rebound! that's what i always say!

JohnCarter: No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

Newscorp? They're getting back to the point where they bought Myspace...

JohnCarter: No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

Sucker. I've invested in AOL. Their chatrooms are about to take off

Hooray job creators!

It's like the banks aren't even bothering to pretend they're not evil anymore.

Puppets.

Free markets will work because people have perfect knowledge.

Except when they don't....like all the damn time.

FTA: Brands that use Facebook to bring the population into understanding what the company stands for.

Manhattan-speak for SELL!

I am shocked and appalled that the house always wins and stacks the odds in their favor.

My Mafia will take care of this for me.

Not surprising. But honestly, you'd have to be a complete idiot to have believed that the IPO pricing was based on anything but hype. Some analyses I've seen suggest that the price would have to come down to under $10/share to make sense given Facebook's earnings.

oukewldave: JohnCarter: No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

Sucker. I've invested in AOL. Their chatrooms are about to take off

You're both suckers. I've still got money in Friendster. It's going to take off any day now.

Von_Ruff: I am shocked and appalled that the house always wins and stacks the odds in their favor.

It's OK, though, because we have teh government to keep a watchful eye on these guys.

/The next one of you that says "shenanigans", I'll pistol whip him!

Approves.

"There's no way I will ever lose money off a stock from a network with 900 million users. It's not physically possible,"

Ah yeah, about that...

born_yesterday: /The next one of you that says "shenanigans", I'll pistol whip him!

Poor Zuck, he'll just be a common single digit billionaire after this all said and done.

If Suck-a-burg had them issue the IPO at $10 there would have been a lot more interest in the stock, but someone was greedy and wanted it all up front. At $10, a lot more "little people" would have invested in the stock.

HMS_Blinkin: It's like the banks aren't even bothering to pretend they're not evil anymore.

Von_Ruff: I am shocked and appalled that the house always wins and stacks the odds in their favor.

While this doesn't surprise me in the slightest, I'm more surprised anyone bought it in the first place. For at least a day or two before they finally went public, I was reading articles expecting it not to do very well. One on NPR even confirmed something I have personal experience with, which is that the ads don't even seem to work. I bought several weeks worth of cheaper ads for my ebay store, and got about 400 fans at the cost of about $80... and it doesn't appear any of them have helped the selling part of the business in the slightest. Thank god for write-offs =/

Oh please. Anyone who didn't know that FB stock was going to be a flop deserves whatever losses they get.

Margin Call meets The Social Network

fusillade762: oukewldave: JohnCarter: No FB for me, all my holdings are in MySpace - it's lurking and will take over soon

Sucker. I've invested in AOL. Their chatrooms are about to take off

You're both suckers. I've still got money in Friendster. It's going to take off any day now.

Maroons - all of youse! Investing in the "ethers" is a fools errand!
My money's in hula-hoops, and with its anticipated comeback - I'll be rich!

/ You know, for kids.

Good thing I didn't bother. My RealMedia stock is going to allow me to retire.

I almost bought into the hype. I was thinking of investing some of my savings in Facebook. I'm glad I didn't, mostly because I was too lazy to make a phone call.
Once again, the little man gets screwed though. People invested thousands of dollars in stock that was doomed to fail before it started. Meanwhile, Zuckerburg and his private investors made a killing selling off overvalued stock. If I were Zuckerburg, I'd take my billions and disappear.

Hyped. Price began high. People bought. People talked about value being hyped. Price dropped. People sold. People talked about how people were selling. Price dropped. This is a smashing success for people who make money off of you placing money into and removing money from the market.

B..b..but free market derp!

It will be interesting to see the collective government yawn about this. It may get as exciting as a scapegoat getting sacrificed.

ladyfortuna: HMS_Blinkin: It's like the banks aren't even bothering to pretend they're not evil anymore.

Von_Ruff: I am shocked and appalled that the house always wins and stacks the odds in their favor.

While this doesn't surprise me in the slightest, I'm more surprised anyone bought it in the first place. For at least a day or two before they finally went public, I was reading articles expecting it not to do very well. One on NPR even confirmed something I have personal experience with, which is that the ads don't even seem to work. I bought several weeks worth of cheaper ads for my ebay store, and got about 400 fans at the cost of about $80... and it doesn't appear any of them have helped the selling part of the business in the slightest. Thank god for write-offs =/

Facebook ads are going to eb hard to track their success. When you want to buy something, is FB even on the top 10 list of sites you would go to? Probably not. People go their to socialize and play games. But, when you do get around to buying something, those ads you saw on FB might stick in your head, product names and companies etc... So when you do buy from Amazon, it might have been influenced by your FB ad.

OK, I have to admit that I like Facebook. Sure, there are a lot of things about it I do not like (such as the stupid games and that the privacy settings are not strict by default), but overall I really like the site because it allowed be to reconnect with people from my past who I had lost contact with over the years. But, I will admit that I chortled when the stock opened so poorly! Does that make me a bad person?

DubyaHater: If I were Zuckerburg, I'd take my billions and disappear.

Yep, just like his partner did. Eduardo Saverin

Perhaps the huge interest in Facebook will school millions in understanding that IPOs are all about making financial institutions rich, along with a few carefully chosen "select: clients, all of whom do their damnedest to run up the price before and after it opens. Once enough regular schmos are in, they sell.

All IPOs are like that.

Mock26: I have to admit that I like Facebook...Does that make me a bad person?

Yes

What is really interesting is that the equity markets are so worthless that hype and fraude are the only ways to make money. How is that 401k feeling now biatches!

Stock Market: Cheaper than a trip to Vegas, about the same odds.

Time to buy a new mattress and bury some more coffee cans.

I wonder how much people would pay to use facebook, ad free with complete control over their privacy.

cig-mkr: If Suck-a-burg had them issue the IPO at $10 there would have been a lot more interest in the stock, but someone was greedy and wanted it all up front. At $10, a lot more "little people" would have invested in the stock.

They had way more than the normal number of "little people" in the IPO, and that was one of the first very bad signs.

Coastalgrl: I wonder how much people would pay to use facebook

Same as TF, five bucks a month.

And nothing major will happen.

Funny that if a bar sells booze to a minor, the bartender may get a $1500 fine and could lose his job. Depending upon the severity, a bar could lose their liquor license. If you make, say around $25 to $30k a year at some shiathole, that $1500 is a significant amount of money.

These bankster and trader assholes should feel the same pain and be subject to penalties similar, percentage-wise, to the bartender in a shiathole.

Looks like the SEC wants to invest some time in fb.

stonicus: ladyfortuna: HMS_Blinkin: It's like the banks aren't even bothering to pretend they're not evil anymore.

Von_Ruff: I am shocked and appalled that the house always wins and stacks the odds in their favor.

While this doesn't surprise me in the slightest, I'm more surprised anyone bought it in the first place. For at least a day or two before they finally went public, I was reading articles expecting it not to do very well. One on NPR even confirmed something I have personal experience with, which is that the ads don't even seem to work. I bought several weeks worth of cheaper ads for my ebay store, and got about 400 fans at the cost of about $80... and it doesn't appear any of them have helped the selling part of the business in the slightest. Thank god for write-offs =/

Facebook ads are going to eb hard to track their success. When you want to buy something, is FB even on the top 10 list of sites you would go to? Probably not. People go their to socialize and play games. But, when you do get around to buying something, those ads you saw on FB might stick in your head, product names and companies etc... So when you do buy from Amazon, it might have been influenced by your FB ad.

Actually Ebay gives the store subscribers access to a traffic-tracking tool, so I know for a fact not many people go to my storefront from the FB page. I think Fark is actually my 3rd best referring page after ebay.com and ebay.ca O.o

People will start jumping in once the price stabilizes (ie. they stop with the illegal manipulation). Then the price will go up. At least for a while, then after everyone forgets that Facebook basically hasn't done anything to innovate whatsoever, the game will be up.

rudemix: Looks like the SEC wants to invest some time in fb.

Doesn't that already happen? You gotta invest to get 6 straight BCS titles.

Greedy people got skewered. No sympathy.

Buy shares in a real company with real fundamentals next time.

RibbyK: Coastalgrl: I wonder how much people would pay to use facebook

Same as TF, five bucks a month.

Ah but even Fark isnt ad free. How much to avoid annoying ads and web tracking?

12349876: rudemix: Looks like the SEC wants to invest some time in fb.

Doesn't that already happen? You gotta invest to get 6 straight BCS titles.

Nice!

Edsel: Not surprising. But honestly, you'd have to be a complete idiot to have believed that the IPO pricing was based on anything but hype. Some analyses I've seen suggest that the price would have to come down to under $10/share to make sense given Facebook's earnings.

Yeah, legally and ethically, sitting on this info might matter. But practically, I'm not sure that it would've made much difference how they filled in the blank in:

"Hello retail Friend, I would Like your help transferring ___ million American dollars out of my company, for your part of this you can keep all future profits. Please wire $38/share to show your good faith. Yours in Friendship, HRH Hon. Prince Zuckerberg of Facebookia"


Take this guy, for example,FTFA: "Laermer says he's hanging tight. "There's no way I will ever lose money off a stock from a network with 900 million users. It's not physically possible," Laermer said."

Maybe they should rename it Facepalm.

*billion