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Facebook IPO

Discussion in 'Off Topic' started by Jacks:Revenge, May 22, 2012.

  1. DeathBooger

    DeathBooger Malcolm's Sugar Daddy

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  2. Manticore

    Manticore Official BUF Birthday Spammer

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    Yes; I totally agree............... and I think I'm going to vomit.
     
  3. Sir_Brizz

    Sir_Brizz Administrator Staff Member

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    Oh, fair enough. I suppose I was a little eager when writing that post. Hopefully it does make sense.
    The problem is, Facebook's P/E is well under half of what they IPO at. The value of the company isn't even worth half of what it is trading at right now. It doesn't matter if they grow 35% in the next 18 months, their valuation will STILL be too high. It's a stock that was destined to crash and burn.

    Their current market cap is $66bn. That means they already lost $34bn since Friday. That is insane. That is not an IPO worth putting money into. If you really want some money in Facebook, wait 6 months and the stock should bottom out in single digits.

    Aside from all this, the numbers for Facebook have been looking somewhat glum with a lot of analysts saying they've peaked in earnings potential. I wouldn't at all be surprised if that were true.

    Edit: On a side note, things are just as bad for their partners. On opening day, Zynga dropped 15% and has dropped another 6% since then.
     
  4. Selerox

    Selerox COR AD COR LOQVITVR

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  5. Kyllian

    Kyllian if (Driver == Bot.Pawn); bGTFO=True;

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    WOw, the price of FB shares are dropping? Who'da thunk it?
     
  6. Sir_Brizz

    Sir_Brizz Administrator Staff Member

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    Somebody is propping Facebook today. However, the markets in general are dive bombing today.
     
  7. Big-Al

    Big-Al amateur de bière

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