Facebook goes public. Raises 16 billion. Third largest in history.

[Eurell]

I'm just seeing shit on the side of the page like always. Nothing big or in the way or anyway.

[Correction]

Stocks continuing to tank after Zynga went kaboom and after posting earnings that didn't make investors happy at the current share prices.

http://money.cnn.com/2012/07/26/tech...ings/index.htm

[tyven]

24 bones? im in for another 2 grand

[Lucavi]

Poor FB. There's bubbles bursting and then there's bubbles turning into black holes and sucking everything within them.

[scrockstar]

Hmm... I was staying away but I might have to sink a few k into stocks now.

Seems like a good price imo

[Salodin]

Can some one explain to me why a company like zynga would go public? Why not stay private and keep the profits in house.

[Correction]

Can some one explain to me why a company like zynga would go public? Why not stay private and keep the profits in house.

IPOs raise a lot of money. If a company has ambitious plans to grow going public is a powerful tool to make this possible; of course those plans have to pan out in terms of investor return or they start dumping your stock.

[Odon]

Can some one explain to me why a company like zynga would go public? Why not stay private and keep the profits in house.

Not sure, but one of my ex-girlfriends is a Project Manager, for Frontierville and she is PISSED.

[Seraph]

Dunno man, I have a few self proclaimed stock experts at work and they think FB is worth something more like $15 instead of the current ~$25. I don't know if I would buy in just yet, I honestly think it has further to drop based on projected earnings, and a total loss of hype in the stock, and the service itself. Personally I would be surprised if the stock ever goes below $20 for long though (unless something insane happens). There is a psychological effect when people see a price break some magic barrier, and they will snatch it up. "Surely Facebook is worth more than $20!" Etc.

Also, I believe there is some sort of investor meeting tomorrow afternoon. If they do not actually present something unexpected (in a very positive way) I expect people to get more upset and the price to drop more.

Also fuck Facebook.

[Correction]

Not sure, but one of my ex-girlfriends is a Project Manager, for Frontierville and she is PISSED.

What is she pissed at? The inability of her company to grow in the mobile space? Or the executives and early venture partners who dumped stock in April just as it started to tank?

[Drex]

Dunno man, I have a few self proclaimed stock experts at work and they think FB is worth something more like $15 instead of the current ~$25. I don't know if I would buy in just yet, I honestly think it has further to drop based on projected earnings, and a total loss of hype in the stock, and the service itself. Personally I would be surprised if the stock ever goes below $20 for long though (unless something insane happens). There is a psychological effect when people see a price break some magic barrier, and they will snatch it up. "Surely Facebook is worth more than $20!" Etc.

Also, I believe there is some sort of investor meeting tomorrow afternoon. If they do not actually present something unexpected (in a very positive way) I expect people to get more upset and the price to drop more.

Also fuck Facebook.

Yes, but retail investors get pushed around by market movers who recognize a stock is only worth money if you get a return on it. Facebook is going to have to make some big moves to justify a valuation above $10-15 or the muppets saying "surely Facebook is worth more than $20!" with absolutely no justification except that they like it will be left catching the falling knife.

[Odon]

What is she pissed at? The inability of her company to grow in the mobile space? Or the executives and early venture partners who dumped stock in April just as it started to tank?

She signed on and took a large portion of her salary up front in stock iirc. I'm not sure of the specifics as we don't go that in depth when we talk but I know she's pretty mad at her choice.

[dejet]

She signed on and took a large portion of her salary up front in stock iirc. I'm not sure of the specifics as we don't go that in depth when we talk but I know she's pretty mad at her choice .

She seems smart. And that's not a joke lol this is the right answer!

Most want to blame people who set the price. But guess what it's stock, you take a risk.

I love people who are suing.

My 401k took a 4% dive this past quarter should I maybe I should sue the advisor I have?

No joke, she made a bad decision, but at least she understands it is on her unlike most others.

[scrockstar]

I should also be noted that Zynga is betting fairly heavily on online poker becoming legalized in the US. They have been positioning themselves to be the #1 US online poker site out of the gate once laws are passe. This was one of the reasons they wanted to raise money in the first place.

Zynga could become a huge profit machine if they own a top real money online poker site.

[Vinto]

FB down over 15% in pre-market trading to about 22.80. I bet we see it dip below 20 before the end of next week.

[Seraph]

Yes, but retail investors get pushed around by market movers who recognize a stock is only worth money if you get a return on it. Facebook is going to have to make some big moves to justify a valuation above $10-15 or the muppets saying "surely Facebook is worth more than $20!" with absolutely no justification except that they like it will be left catching the falling knife.

I'm not suggesting FB is worth more than $20. I am just suggesting there are many people who will likely buy once the price goes below $20, which will help prop the stock up for awhile. With that said, I think many stocks have prices that are not really justifiable by any sort of common math or reason. I do know that there are many people who want to short the crap out of this stock though, so I'd say it's even possible for the price to dip under $10. Who has a coin? Let's find out! \o.o/

[Odon]

I should also be noted that Zynga is betting fairly heavily on online poker becoming legalized in the US. They have been positioning themselves to be the #1 US online poker site out of the gate once laws are passe. This was one of the reasons they wanted to raise money in the first place.

Zynga could become a huge profit machine if they own a top real money online poker site.

I think it's only a matter of time before it does get legalized, obviously it will start off state by state, but after what happened with FTP... yeah.

[Pikarya]

FB down over 15% in pre-market trading to about 22.80. I bet we see it dip below 20 before the end of next week.

Good. I love seeing idiots suffer.

[Seraph]

More bad news for FB:
http://www.pcmag.com/article2/0,2817,2407990,00.asp

Also, the stock price is hovering just over 20 now (20.04). Let's see if it can break through that magic floor:
https://www.google.com/finance?client=ob&q=NASDAQ:FB

EDIT: Update price of 19.98

[Correction]

Wait what, investors really didn't know that a nontrivial percentage of FB accounts are fake? How did they think Zynga maintained those growth numbers? Bitches be making 10 FB accounts so they can trade FarmVille items to each other.