Kasz216 said:
richardhutnik said:
Kasz216 said:
Interesting. Hadn't heard the Insider trading allegation yet.
All together everybody handled the Facebook IPO about as awful as possible.
You'd think it'd of got a bump from "regular" investors otherwise just pumped by the name.
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This is getting to be Dotcom 2.0: Electric Boogaloo, in that valuation is based on hype, and things that aren't tied in any way to reality, just expected future returns. As it is now, Facebook is a symbol of what is going on, and what goes on in Bubbles. Due to a lack of growing sectors (well, outside of Green, and look at how that is going), investors are looking for anything with a buzz to it. So, they are piling in on the latest hype factor, and overvaluing things, which produces a bubble. No one bothers to stop and think exactly what Facebook produces. Nope, it is just seeing the hype and hoping to cash in early on it, which ends up being too late.
Ok, I will step aside while you can go and frag Groupon.
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Nah. If it was Dotcom 2.0 it would of been bought up at HIIIIGH Numbers then came crashing down.
From the looks of it facebook will settle at 30 or so, and could boost up at any time.
There never really was a bubble with facebook, was never time for one to build.
Which is honestly what i'm surprised about.
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There was a bubble with facebook, the signs were suttle, but there nonetheless.
Increasing the number of underwriters from 6 to 25.
The shares were eggerously overprice by the underwriters who brought the stock to market.
Paying 1 billion dollars for Instagram (founded last year, 13 employees no sale or revenue figures) 30 million "accounts" no mention of unique.
Massive number of insiders selling at the open, the coverup of the revenue forcast decline by their lead underwriter. These were all signs that this stock, even though it was not public, was getting out of control.
