Last edited by pirana6 (2012-02-02 20:37:30)
I'm still killing myself for not getting on the Google IPO and just before Microsoft helped Apple, though.Jay wrote:
Probably the biggest bubble in history. I hope it burns.
Where have you been? That's standard operating procedure before an IPO.Jay wrote:
They've been shady as shit about the whole business. They let certain companies buy stock before the IPO so they can cash in and make billions. Rich get richer, fuck Zuckerberg.
Google had no real competition when it launched. Yahoo was already dead and Bing didn't exist. Facebook isn't diverse enough to suffer a PR shock.Ilocano wrote:
I'm still killing myself for not getting on the Google IPO and just before Microsoft helped Apple, though.Jay wrote:
Probably the biggest bubble in history. I hope it burns.
I wish I had money when I was 9 years old (year 2000). I was a huge Apple fanboy and would have bought so much stock just to say I have stock in Apple. Imagine...Ilocano wrote:
I'm still killing myself for not getting on the Google IPO and just before Microsoft helped Apple, though.Jay wrote:
Probably the biggest bubble in history. I hope it burns.
Facebook prospectus wrote:
For the year ended December 31, 2011, we recorded revenue of $3,711 million, operating income of $1,756 million, and net income of $1,000 million.
Last edited by Hurricane2k9 (2012-02-02 17:20:52)
Last edited by Jay (2012-02-02 17:27:26)
I think the IPO is the start of the eventual implosion. Once FB Inc. has investors they have to pay off or show consistent growth to they will begin to slide off into corporate hell .Jay wrote:
Probably the biggest bubble in history. I hope it burns.
One bad PR move and the site loses half its value. Except for the extreme homebodies, I don't know anyone so tied to their facebook account that they couldn't just walk away if pushed. It's AOL pt 2.
FatherTed wrote:
this is the biggest headfuck for me. they make profit of 1b or so? p/a, and people are valuing them at 100bn
like what
Last edited by Macbeth (2012-02-02 19:38:18)
if you signed up, and posted anything, they can count you as 'a media impression'. that is what is driving the value - eight hundred million + users that "opted in" and a database with your online presence, backed up nightly.Jay wrote:
I don't know anyone so tied to their facebook account
thats cause youre old. go to a university and you'll be extremely hard pressed to find somebody without it. and those who dont have it or try to give it up always come back within weeks. for high school + university life its basically a requirement to know about events and to keep in touch socially. youre a weird outcast if you dont have itJay wrote:
I don't know anyone so tied to their facebook account that they couldn't just walk away if pushed.
So essentially Facebook should really be evaluated at a touch under $2 billion, based on their revenue?Macbeth wrote:
I posted that from my phone. I had no idea it was that huge. My bad.
It more or less shows how the current tech trend (which includes facebook) mimics the one that blew up in the early 00's. On the section Internet hotties it shows you some ridiculous numbers regarding some companies including Facebook. For instance Facebook when it was valued at $75 billion gave it the market cap of Goldman Saches. Facebook value was set at more than 37 times the amount of revenue they had. It also shows some other ridiculous values set for other internet companies like Twitter which is set at 55 times it's revenue.
tl;dr Values are seriously inflated.
That surely includes the thousands upon thousands of fake accounts and spam bots.13urnzz wrote:
if you signed up, and posted anything, they can count you as 'a media impression'. that is what is driving the value - eight hundred million + users that "opted in" and a database with your online presence, backed up nightly.Jay wrote:
I don't know anyone so tied to their facebook account
The decision seven years ago by a Korean-American muralist and graffiti artist to turn down thousands of dollars in cash for his work painting murals on the walls of Facebook’s first office in Palo Alto, Calif., has made him a very, very, rich man.
The artist, 35-year-old David Choe, gambled and instead took an equal value of shares of Facebook’s stock.
The social network, in one of the world’s most widely anticipated IPOs, or initial public offerings of stock, filed papers Wednesday to raise at least $5 billion.
As a result, Choe’s shares could be worth upward of $200 million when Facebook stock trades publicly later this year, the New York Times reported
I thought you liked free market capitalism and rich people getting richer.Jay wrote:
They've been shady as shit about the whole business. They let certain companies buy stock before the IPO so they can cash in and make billions. Rich get richer, fuck Zuckerberg.
