They're named in almost a third of the divorces in the USA.

I guess there's stupid people everywhere.

Have you ever wished an IPO would fail?

fltsfshr

 

Looks like the old "pump and dump" stock price scheme is still working well.

 

Yeah. I'm a reluctant member of FB; (family sharing request), but I don't like the site at all. It has become more and more invasive, and in the long run it will blatantly violate our rights to privacy. So far the stock does look like a dud, but it's all about creating and offering a dedicated venue for advertising. Blechhh!

 

What happens in Vegas ends up on Facebook! I guess Spring Fling is the same

 

It appears that FB issued a earnings warning before the IPO that the underwrites chose to mostly ignore.

http://www.reuters.com/article/2012/...smorningdigest

 

I saw that at the last minute, the CFO increased the number of shares by 25%. Not a good idea, it turns out.

 

Why don't you think it was a good idea? I thought it worked out very well for FB, they made a lot more money cashing in on the IPO.

 

Not on facebook. Too much info and too many opportunities for a scam. Their stock

 

I bought 100 shares of Facebook at the IPO. I am currently losing about $600 plus commissions. I don't expect to ever make a lot of money on the stock, but I do expect that I will see some profit within a year. Amazon behaved the same way when it was first released in IPO. It too went underwater for a while but then became profitable, very profitable. As I said, I only have 100 shares so the most I can lose is $4,000 (100 shares at $38 plus commission).

I don't think, and I never thought that the company is a good long term investment, but I do think that there is some money to be made in the short run. Websites like this come and go. Remember "My Space". Facebook is significantly bigger and stronger, but only until the next great site comes along.

There is no question in my mind that there was some fraudulent activity. If nothing else, the cover up of the earnings reports days before the IPO represents intent. In addition, there was a great deal of shady dealings going on in the background. I'm sure that there is going to be lawsuits and probably a class action suit. Facebook itself will probably be named as will Morgan Stanley.

As far as the site itself goes, I joined about 5 years ago so that I could keep an eye on my sons' postings. In the years that I've belonged, and I'm not very active, the only thing that its done for me is to help me make contact with some long lost high school and college friends. Even that didn't amount to much, after the initial e-mail exchange where we tell each other all about the last 30 years, and we always end with, "We should stay in touch", we never contact each other again. I'm not sure that there is really anything to this social networking thing.

S2KI Vintage and to a lesser degree S2KCA are the only two social network sites I keep going back to.

 

One has already been filed.

http://www.reuters.com/article/2012/...feedName=usdai