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Facebook IPO a Farce?

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Strong Eagle
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Facebook IPO a Farce?

Postby Strong Eagle » Tue, 22 May 2012 10:44 pm

I think so... and my view was based just on the fundamentals... a stock price that is at 100 times trailing earnings?

Interesting article though... about how value has already been pumped out of the company... leaving public investors holding a dog.

http://www.newyorker.com/online/blogs/j ... roken.html

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Postby ScoobyDoes » Wed, 23 May 2012 9:35 am

I think you only need to look through the short history of FB, see the underlaying trend to quietly or secretly circumvent privacy concerns, nefarious operational tactics etc. to not be surprised the IPO was a con job as well.

Whilst Google does have its own problems, strangely I feel more comfortable with it.

I don't FB, by the way, but i do G+

I think there is something wrong with society in general, though, where you post something like 'Dad just died' as a means of informing siblings and family! If that is the kind of person 'holding a dog' as you say, then I might not have as much sympathy for their case as i otherwise might.
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'

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Postby Mad Scientist » Wed, 23 May 2012 9:46 am

It is a scam !!. Basically window dressing for the IPO. The fund managers spruce it up to entice "mum and dad " investors. The banks earns either way
My rule of thumb > If it smells fishy , it surely will stink
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

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Postby ScoobyDoes » Wed, 23 May 2012 9:57 am

http://www.businessinsider.com/exclusiv ... ipo-2012-5

'........at best, this "selective disclosure" is grossly unfair to individual investors who bought Facebook stock on the IPO (or at any time since).

At worst, it's a violation of securities laws.'
'When Lewis Hamilton wins a race he has to thank Vodafone whereas in my day I used to chase the crumpet. I know which era I'd rather race in.'



SIR Stirling Moss OBE

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aster
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Postby aster » Wed, 23 May 2012 10:30 am

Financial gangsters aka "banksters" screwing people over? Again?

Whouldathunkit? :D


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