Facebook falling

FluffyMcDeath

FluffyMcDeath

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And guess who have tied themselves to that rock.
Facebook issued at around $40 but by the end of the day it had fallen to $38 and financiers were jumping in to support the $38 value and stop it from sliding further. Among those throwing money at the stock were JP Morgan, Morgan Stanley and Goldman Sachs.

JP Morgan had already announced a $2billion loss on some dodgy hedges. Since that time Facebook has fallen further and has now lost more than 25% of it's issue price. Ouch, there are some more losses for JP Morgan to have to explain - to the FBI. Or perhaps not because now JP Morgan is being investigated by the CFTC - perhaps as a way to deflect other investigations. The CFTC is usually more chummy with the big fish on Wall St because the people who work at the CFTC all want to work on Wall St some day.

Now it transpires that Jp Morgan, Morgan Stanley and Goldman Sachs cut the earnings estimate for FB in the middle of the IPO and then they forgot to tell everyone ... except their biggest clients.

People lost money and some claim that is was a NASDAQ screw up while others say that the stock is simply overpriced and should be worth about $10.
 
The Instagram deal (paid mostly in stocks (or was it options?)) doesn't look that great anymore now does it? Actually, I never thought it looked great from the beginning, but from Instagram's POV, it now kinda really sucks. I hope they had the common sense to sell them all the instant they went public.

Although to be fair, there's a more than good chance that FB will recover and eventually do well. But personally, I'm still rooting for G+ to take off.
 
Although to be fair, there's a more than good chance that FB will recover and eventually do well.
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Well... There's also a good chance that in a few years it'll have as many cobwebs as MySpace does, now. Personally, I think Facebook has already seen their peak, and it's all downhill from here.

Though, to be fair, the demographics are better for Facebook than they were for MySpace. There's a lot more moms and grandmas on Facebook. So the sheer inertia of them will probably keep the ball rolling along for quite some time. But the cool kids are giving up on Facebook in droves. (Because the place is chock full of their moms and grandmas... Along with marketers, spammers, nosy employers, and law enforcement.)
 
Glaucus said:
The Instagram deal (paid mostly in stocks (or was it options?)) doesn't look that great anymore now does it? Actually, I never thought it looked great from the beginning, but from Instagram's POV, it now kinda really sucks. I hope they had the common sense to sell them all the instant they went public.

Although to be fair, there's a more than good chance that FB will recover and eventually do well. But personally, I'm still rooting for G+ to take off.
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G+ IS taking off...been on since it was private and it's great

has way more "intelligent" people...or more people willing to discuss intelligent issues

of course I have a big atheists circle :D
 
ilwrath said:
Well... There's also a good chance that in a few years it'll have as many cobwebs as MySpace does, now. Personally, I think Facebook has already seen their peak, and it's all downhill from here.

Though, to be fair, the demographics are better for Facebook than they were for MySpace. There's a lot more moms and grandmas on Facebook. So the sheer inertia of them will probably keep the ball rolling along for quite some time. But the cool kids are giving up on Facebook in droves. (Because the place is chock full of their moms and grandmas... Along with marketers, spammers, nosy employers, and law enforcement.)
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I also think that people don't know how to use the interWEBS.
they reveal way too much personal stuff online and don't optimize their time on such things

plus, at this point facebook is clumsy and overly complicated. I've been on for a few years so I know how to navigate but some people are overwhelmed

G+ is simple. make circle, read stuff, discuss, share
period
 
It's fun watching this one implode. I wonder how many in this scam are going to be getting a pardon from Obama next January since they are Progressives who donate.
 
ilwrath said:
Well... There's also a good chance that in a few years it'll have as many cobwebs as MySpace does, now. Personally, I think Facebook has already seen their peak, and it's all downhill from here.
Click to expand...

That's my feeling too, that Facebook is starting to MySpace. At a billion users they must be getting to the equilibrium of sign ups versus drop offs. I know of lots of people who joined up in the days when the buzz was starting that have either let their accounts go quiet or have closed and deleted their accounts (as best they could). The people who have closed their accounts say it was just too much noise and I don't see advertisers being able to get much attention in a place that's already too noisy.

Some people may be joining still but Google+ is in that space now and there are a lot of people who just migrate to whatever is newest and provided Google doesn't screw up they will draw a lot of users away from Facebook but more importantly prevent a lot of first timers in the social web from going to FB.
 
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