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Facebook - today is the big day
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  (#1)
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Facebook - today is the big day - May 18, 2012, 05:36 AM

11am today.

Facebook is about to raise more money than all the Tech IPOs of 2012, 2011 and last year of dot-com bubble, 2001 - combined.

Will it sink or swim?

WSJ.
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I'm a llama again!
 
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May 18, 2012, 05:44 AM

Should be a interesting day. Going to be some rich mofo's come closing bell.
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Don't believe the hype...
 
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May 18, 2012, 06:31 AM

Man I'm still not sure if this was a good idea or not, on the shareholder's side. I honestly don't think facebook will be around for long, for the fact that it is a social network site and there will always be something different that will be more trendy. But I guess for a short term investment it won't be a bad idea.


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May 18, 2012, 07:56 AM

I'm not stepping anywhere near the IPO. I have no interest in transferring my money directly to the pockets of the Series-A & B investors, the investment bank underwriters, the hedges, and the people who were allowed to buy shares last year in the restricted private offering run by Goldman Sachs.

I'm no even fully sold on the business as a long term investment and GM's decision to stop advertising with FB sent a large signal that of their ad model cannot work for one of the biggest advertisers in the world selling a commodity used by 100's of millions, then who does it work for?

If I was allowed to see what the PO share price was I would possibly be more interested. Possibly. But as it stands, the $38 price factoring in the discount the underwriters priced in is designed solely to make the stock pop and rise rapidly on opening and flush money out of retail investors, allowing the institutional and hedge funds to reap the benefit of the pop on a quick sale, as they hold an inside a preferential relationship with the prime brokers.

In other words, the pool of people who are getting the stock at $38/share at open is already set and sold - everyone else is not getting a fair shot and will have to be fleeced.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

- Nicolo Machiavelli 1469-1527


Last edited by Heist; May 18, 2012 at 08:00 AM..
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May 18, 2012, 08:03 AM

fuck facebook lol, sink


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May 18, 2012, 08:36 AM

Also, I can't short it for at least a month and options will no be available for 2-weeks.

Essentially, the stock is being corralled into upside only - interference which firmly goes against the market's place as a free exchange.

No thanks. I will definitely be staying away for at least a 180 days until the full lock-up is released and ALL the shares are in the float and the full breadth of strategies are being played.

2.2 Billion shares are actually available. Today's offering puts less than 40% of them in play. Today's buyers need to factor in dilution 90 days from now when the first lock-up period ends and then 90 days after this when the second period ends.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

- Nicolo Machiavelli 1469-1527

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May 18, 2012, 08:38 AM

I'm not going anywhere near it ...


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May 18, 2012, 09:05 AM

I wasn't going to touch it, but it's been a rough month for my portfolio, timing 3x etfs has been my only saving grace.

So... I put in a limit order on FB yesterday.

If it doesn't trigger it ain't going to break my heart. If it does trigger I'll probably dump it at the end of the day.

Probably won't even look at it again until the dust has settled in a few months.


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May 18, 2012, 09:46 AM

Quote:
Originally Posted by windblown View Post
So... I put in a limit order on FB yesterday.

If it doesn't trigger it ain't going to break my heart. If it does trigger I'll probably dump it at the end of the day.

Probably won't even look at it again until the dust has settled in a few months.
Same here. I doubt that my limit order at 40 will get filled at all. But if it does, I will look do dump later today.
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May 18, 2012, 09:55 AM

Average FB employee is worth 2.9 mil on paper today.

maybe I can get hired in the next 5 minutes?


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Nudist: If Ben isnt still riding me, then I need it
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May 18, 2012, 09:58 AM

It was just 6 years ago that Myspace had more traffic than Google (!) and was valued at a billion dollars. It can't be worth more than a tenth of that now. Who knows how Facebook will fare in the future with a fickle public. No one is really loyal to it, they're just waiting for something better to come along.
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May 18, 2012, 10:05 AM

Quote:
Originally Posted by phogroian View Post
It was just 6 years ago that Myspace had more traffic than Google (!) and was valued at a billion dollars. It can't be worth more than a tenth of that now. Who knows how Facebook will fare in the future with a fickle public. No one is really loyal to it, they're just waiting for something better to come along.
Maybe it's different this time.
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May 18, 2012, 10:10 AM

I just read something absolutely horrible.

Thanks to his FB investment in 2009, Bono is going to become the richest rock star ever.
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May 18, 2012, 10:24 AM

Related... I dug this old photo out of the archives:



Me and Sean Parker around 2000 at a warehouse rave party that my startup (eTantrum.com) hosted for Napster in our Dulles warehouse.

Who knew I was sitting next to a future billionaire? Especially since Napster went tits up shortly thereafter taking my company down with it.


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Katie #135.



Nudist: If Ben isnt still riding me, then I need it
B: that sounds odd
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May 18, 2012, 10:25 AM

myspace sold for 580 mil long time ago or 380 mil and the last owner sold it for 30-38 mil lol
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