Facebook investors. Did any of you get "Zuckered"?

[Rey C.]

Facebook investors... Did any of you get "Zuckered"?

Now that the Facebook IPO has become known as the "fail heard 'round the world", I was wondering if anyone here got "Zuckered"?

From an open of $38/share to around $26 now (about a 30% drop), a lot of naive investors got their pockets picked by the Facebook founders and Morgan Stanley over the past couple of weeks. Apart from not being into social networks in general, I wondered from the start, just who the hell would honestly believe that this was a $100 billion+ company???!!! Other than being based on the hopes & dreams of Facebook fanbois and fangoyls, no sane person would, because the thing was being valued at over 100 times earnings! If Apple Computer was valued that way, it would be a roughly $5 trillion company! It's a just a fancy advertising platform that relies on people supplying it with personal information, that it can then sell to advertisers. Its users might love it to death. And it might be loads of fun (I don't know). But as a business, that's what it is.

But since there were small investors calling their brokers the day before the IPO, telling their brokers to get them in on Facebook at any price facepalm, did anyone here take the bait?

And even though CNBC (along with all the other financial networks) participated in hyping this scam, the perfect line was by a guest commentator on CNBC today: "Do you want to buy a social network from a guy in a hoodie and flip-flops?"

The answer is, no! And if you "liked" Facebook at $38, you should love it at $26. And if it gets down to its fair value of $12-$15, you should love it even more. You have been Zuckered! :nanner:

 

[Vanilla Bear]

I don't buy things from Jews.

 

[vodkazvictim]

I don't buy things from Jews.

German much?
:tongue:

 

[Red Spyder]

Nope, my spidey sense was tingling about that facebook stock, well, not tingling, more like screaming DANGER!! DANGER!! STAY AWAY!!

I mean, good for Zuckerberg, he made his fortune, can now retire or something, or hopefully use his millions (or is it billions) to open businesses and make more money while at the same time provide jobs for people, but it's up to him. Plus, he proved the old adage of "a fool and his money are soon parted". He parted lots of fools from lots of money.

 

[Shifty]

Rey, you're talking about the stock market man! This shit happens every second! The majority of investors are speculators and have no clue, nor do they care about the fundamentals. :rofl:

 

[Supafly]

I think everybody who invests in internet stock is really asking for a whipping.

When the Deutsche Telekom went to the stock exchange, they hyped the news and told everybody this was the 'Volksaktie'

Years later, someone made the calculation that, if you had bought ten cases of beer (including the deposit for case and bottles), and your friend bought shares of Deutsche Telekom, and you drank all the beer, and you would have waited a year, the deposit money would have been worth more than the shares.

 

[Red Spyder]

Oh, and remind me not to invest on Freeones stock, if any..... :tongue:

 

[luis1972]

bad inversion