20 yo to 27yo -$0 to $100 billion - Facebook.....

> 10 years ago
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cisco
cisco
QLD
12365 posts
QLD, 12365 posts
17 May 2012 12:00am
I don't know about you guys but I don't NEED Facebook or have an account where you can get 1000 "friends" within a week.

I prefer Seabreeze where most people hate me. It's more fun.

iview.abc.net.au
theDoctor
theDoctor
NSW
5786 posts
NSW, 5786 posts
17 May 2012 12:18am


i had facebook, my first friend deleted me for linking him to gay porn

my girlfriend deleted me for linking her to gay porn

my sister deleted me for linking her to gay porn

whats the point of facebook if you can't link people to gay porn...?
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
17 May 2012 12:40am
You got it back to front Doc.

If you had linked them to pay gorn, you would have hit the mark.

People go to Facebook because their pay's gorn and Facebook is the best entertainment they can afford.
Sailhack
Sailhack
VIC
5000 posts
VIC, 5000 posts
17 May 2012 8:13am
Wife FBs...I don't (I skype :-)

I mainly use skype for work & found it a very handy tool (file sending, chatting with colleagues, phone calls, screen share etc.) As for FB - I know my 'friends' and don't need to know if they 'like' stuff or not...I also don't want a bunch of 'acquaintances' & even people I don't know (or like) calling me their 'friend'.
elmo
elmo
WA
8890 posts
WA, 8890 posts
17 May 2012 7:17am
Whats Farcebook?

Is it something like Twater?
Trant
Trant
NSW
601 posts
NSW, 601 posts
17 May 2012 9:49am
Parents in the UK, sister in Vancouver, majority of family sprinkled around Europe.

Facebook is great for us to share photos and videos, it's far better than waiting for the 15Mb of photos my parents like to attach to emails when they want to show me something!

poor relative
poor relative
WA
9106 posts
WA, 9106 posts
17 May 2012 8:43am
I really like facebook, works perfect for me with friends and family all over the planet.

Have also caught up with friends i haven't seen in years and can get to meet their kids feel part of their lives and vice versa.

At the end of the day its up to you what you put up and who you're friends with.
doggie
doggie
WA
15849 posts
WA, 15849 posts
17 May 2012 9:25am
poor relative said...

I really like facebook, works perfect for me with friends and family all over the planet.

Have also caught up with friends i haven't seen in years and can get to meet their kids feel part of their lives and vice versa.

At the end of the day its up to you what you put up and who you're friends with.


I can say that I have met all my friends on FB. Wouldnt know how many I have tho, I havnt used it for a while.
evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
17 May 2012 12:23pm
oceanfire
oceanfire
WA
718 posts
WA, 718 posts
17 May 2012 10:39am


pweedas
pweedas
WA
4642 posts
WA, 4642 posts
17 May 2012 11:53am
If you're in the habit of betting on the dog races then invest in facebook when it floats on the stock market.
At $100 billion it would mean every user is valued at $120. That is a ridiculously overpriced assessment. $10 per per user would be overpriced but maybe retrieveable. Anything more is a joke.
The entire value of the company is the end user. i.e. YOU. And you can leave any time you like when something better comes on the market.
If something more trendy or fashionable comes up tomorrow the entire $100 billion is out the window.

That's not to say it wont go for more because people pay more than that for a cancelled postage stamp, and that has a real value of $0.00

Poida
Poida
WA
1922 posts
WA, 1922 posts
17 May 2012 2:08pm
as some one said
"i have so many friends that i haven't met yet"

when the everyone jumps off to go somewhere else or just gets bored with it, it will be worthless, or maybe take a zero or two off the value, haha
Simondo
Simondo
VIC
8025 posts
VIC, 8025 posts
17 May 2012 7:27pm

YouTube, Twitter, and FaceBook are about to merge under Facebook, that's why Facebook's value is going through the roof. They will completely control that arena.

It will now be called YouTwitFace.com




I enhanced an old joke!
SandS
SandS
VIC
5904 posts
VIC, 5904 posts
17 May 2012 8:39pm
He knocked back a 27 billion offer from microsoft ! Gutsy effort !!!! I would have taken that and run !!!!!
dirtyharry
dirtyharry
WA
444 posts
WA, 444 posts
17 May 2012 8:26pm
"Facebook recently paid $X billion for the photo sharing app Instagram. Don't they realise you can download it for free?"

I remember hearing that from some bloke on ABC radio a few weeks back when they bought it.
Mark _australia
Mark _australia
WA
23647 posts
WA, 23647 posts
17 May 2012 9:14pm
Trant said...

Parents in the UK, sister in Vancouver, majority of family sprinkled around Europe.

Facebook is great for us to share photos and videos, it's far better than waiting for the 15Mb of photos my parents like to attach to emails when they want to show me something!




So instead of emailing photo's to only your friends and family, it goes thru a website that you have no control over. Forget privacy settings, somebody else (FB) has it for good.
Then they use your info for targeted advertising banners so you get spam crap on your web browser.
Because so many people use it, FB is the target for more hack attacks than anything else

The simple convenience may be great, but IMHO not at the risk of my personal sh!t being accessed by others or sold on to spam advertisers etc
Underoath
Underoath
QLD
2434 posts
QLD, 2434 posts
18 May 2012 2:20am
They will spam you with advertising that your interested in.... A more direct and effective approach to advertising. Switch kites do it on Facebook all day long with their "Wanna be a rider for switch?"

I don't....but reality is if you don't like it don't sign up. Advertising will get its fingers into the pie one way or another.

If you can't say no to an advertisement or your that material, God help you.

Sorry no talking about religion. Oops!

Trant
Trant
NSW
601 posts
NSW, 601 posts
18 May 2012 9:34am
Mark _australia said...

Trant said...

Parents in the UK, sister in Vancouver, majority of family sprinkled around Europe.

Facebook is great for us to share photos and videos, it's far better than waiting for the 15Mb of photos my parents like to attach to emails when they want to show me something!




So instead of emailing photo's to only your friends and family, it goes thru a website that you have no control over. Forget privacy settings, somebody else (FB) has it for good.
Then they use your info for targeted advertising banners so you get spam crap on your web browser.
Because so many people use it, FB is the target for more hack attacks than anything else

The simple convenience may be great, but IMHO not at the risk of my personal sh!t being accessed by others or sold on to spam advertisers etc


If they want to use the photo of my dog standing on the beach next to a big steaming poo with a semi amusing caption, then they're more than welcome to it.

Facebook only has the information you provide it with.
Basecurve
Basecurve
WA
196 posts
WA, 196 posts
18 May 2012 3:27pm
I see FB increased the size of it IPO by 25 % this week and increased the float price to $38.00.
Yet Apple makes more $$ per month than FB does in a year.
Caveat Emptor as our Latino friends like to say....
Underoath
Underoath
QLD
2434 posts
QLD, 2434 posts
18 May 2012 7:24pm
Basecurve said...

I see FB increased the size of it IPO by 25 % this week and increased the float price to $38.00.
Yet Apple makes more $$ per month than FB does in a year.
Caveat Emptor as our Latino friends like to say....


Tulip mania comes to mind.
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
23 May 2012 10:46pm
Wow! Facebook shares now at $33.
That's an amazing profit of minus $5 for all those who splashed out and bought them 3 or 4 days ago at $38 in the IPO.
Well! Whoever would have thought that?
apart from me I mean.
When they get to $3.80 they might be a good buy.
SP
SP
10982 posts
SP SP
10982 posts
23 May 2012 10:48pm
pweedas said...

Wow! Facebook shares now at $33.
That's an amazing profit of minus $5 for all those who splashed out and bought them 3 or 4 days ago at $38 in the IPO.
Well! Whoever would have thought that?
apart from me I mean.
When they get to $3.80 they might be a good buy.



Genius.... Call warren buffet.... Quick

If you go long on an IPO you are an idiot....... By long I mean buy and hold... Sell quick and take your 8% or go short and wait for the $$$$
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
23 May 2012 11:05pm
SP said...

pweedas said...

Wow! Facebook shares now at $33.
That's an amazing profit of minus $5 for all those who splashed out and bought them 3 or 4 days ago at $38 in the IPO.
Well! Whoever would have thought that?
apart from me I mean.
When they get to $3.80 they might be a good buy.



Genius.... Call warren buffet.... Quick

If you go long on an IPO you are an idiot....... By long I mean buy and hold... Sell quick and take your 8% or go short and wait for the $$$$


So in this case they could sell right now and make loss of 13% in 4 days. That sounds like a good deal,.... NOT. (a Borat NOT joke)
What's Warren Buffets number? He gave it to me but I think I've lost it.
SP
SP
10982 posts
SP SP
10982 posts
23 May 2012 11:17pm
No you sold on open, you didnt buy..
uncovered if you have the balls or option protection if you want some protection..

So the % lost actually becomes the percentage gained... This is what a lot of hedge funds would do and hence make money on the downside... And worse case if you have the option is you close out and lose nothing more than the transaction cost and the option premium...
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
24 May 2012 1:20am
So is investing your hard earned in a company supposedly valued at $100 billion that has probably less than $10 million in physical, saleable assets and whose value is based on the habits of the electronic herd, a good idea????
SP
SP
10982 posts
SP SP
10982 posts
23 May 2012 11:27pm
cisco said...

So is investing your hard earned in a company supposedly valued at $100 billion that has probably less than $10 million in physical, saleable assets and whose value is based on the habits of the electronic herd, a good idea????


Yes and no.... Actually no your not investing in them...
if you are betting that the market will value them at less than that. then the expected outcome is the share price will fall, therefore you bet the ****ers share pRice will be going down and hence don't buy the share but short sell, sell stock you don't own and enjoy the beers on the overestimation of Gen Ys attention span..
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
23 May 2012 11:33pm
SP said...

No you sold on open, you didnt buy..
uncovered if you have the balls or option protection if you want some protection..

So the % lost actually becomes the percentage gained... This is what a lot of hedge funds would do and hence make money on the downside... And worse case if you have the option is you close out and lose nothing more than the transaction cost and the option premium...


Oh, I see. You mean short selling. i.e selling shares now that you don't own because you know you can buy them next week for cheaper.
I think that would have been pretty safe in this case. You would have made 13% in four days, and probably a bit more by the end of the week.
There was probably a bit of that going on because it must have been obvious to a lot of people that $38 was waaay over the top for a business that still hasn't sorted out a reliable plan on how to make a profit.
Ted the Kiwi
Ted the Kiwi
NSW
14256 posts
NSW, 14256 posts
24 May 2012 1:50am
well you could sell them short but then you are exposed to any upside movements....what SP is suggesting is that you buy an option (put) - a right to sell a given amount at a given price - so if the market goes against you you lose the amount you paid for the option (so your losses are limited to the value of the premium) whilst you have potentially unlimited upside potential if the shares head south. The real price of this strategy is the volatility that you pay for. In recent months Vols had come off significantly which would have made this trade technically a belter. But there were other issues to consider. Not to mention the technical difficulties of shorting a stock before its listed. Although lots of IB's would underwrite this for you....at a price. The stock though did rally strongly off the opening bell with all the excitement, so there was plenty of opportunity to exit if you had been long. Normally the IPO price is set to leave upside opportunity for the initial investors to exit at a reasonable profit. This time round it was not done - they reset the expected issue price above the initial range that they marketed the stock at. Then to compound things further one of the insto's supporting the listing issued a price downgrade a few days before hand but this was not seen by everyone. Illegal and severely frowned upon. This will cause considerable grief going forward. Add in the European issues and things went form bad to worse very quickly.
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
24 May 2012 1:46pm
Now at $32 !!! Get em while they're hot! (not)

LOOK OUT BELOW !
Trant
Trant
NSW
601 posts
NSW, 601 posts
24 May 2012 4:06pm
pweedas said...
Oh, I see. You mean short selling. i.e selling shares now that you don't own because you know you can buy them next week for cheaper.


That's not how short selling is supposed to work.

Proper practice is to 'borrow' some shares for a fee with the intention of giving them back after a short period of time. In the meantime, you would sell those shares and then buy them back.

e.g.
Bob lends me 100 shares in Facebook in return for $100
I sell the shares to Jill at $38 each
1 week later I buy back 100 shares from Julian at $32 for a profit of $600
I give the shares back to Bob

I've just made $500.


evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
24 May 2012 4:12pm
Basecurve said...

I see FB increased the size of it IPO by 25 % this week and increased the float price to $38.00.
Yet Apple makes more $$ per month than FB does in a year.
Caveat Emptor as our Latino friends like to say....


Perhaps that's why AAPL shares are around the $550 mark.
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