And where did all this fucking hype get anyone, another losing investment for everyone, even those who went long today before earnings....And this was the stock everyone was so fucking giddy about, all hyped up about, such dumb fools out there, this stock is headed to the single digits. Stop falling for this hype, facebook growth is over, its peaked already, if they cant monetize the billion people they have now what makes you think they will in the next 1, 2 or 10 years. It should have been happening by now.
Tech bubble it's just yesterday. FB investors must have been on another planet/universe when that happened.
FB results were ultra bad. No profit. You buy the shares because they lose money !! We should see $22 in a week.
Don't get emotional. Last year they were at $230 million. This year they were at $295 million. So an IPO costs them a couple hundred million dollars one time-who cares? You people are bashing the second largest website. They have almost 1 billion users-or 44% of all internet users. Do you think Mark Zuckerberg came this far on pure luck? Do you think something as unproven as "ads don't work" is the case? Why-just because a nationalized auto company with more after-IPO stock losses says so? I will not go long fb, but you guys are acting like it is a house of cards. Go make your own social network if you think something better will work.
I believe what we are saying is that FB is a great website and many people will not exchange it with their daily food but it is not a good investment stock or at least it is "ULTRA SUPER GIGANTICALLY" overvalued. If you tell me how about in 10 years they will make $10 per share, my response will be what if in 10 years if you say Facebook people will say "WHAT?"
And we have a believer! Quite apart from the fact that no one will remember what the hell Facebook was 5 (or fewer) years from now, do you know anything about how markets work, buddy? It's all fear and greed, hope and anger. Facebook - and its brother in arms, Apple - were the icons of the bear market rally that has taken place since Mar 2009 and is due to end soon. See what happens when the public unleash their anger on the the two companies they thought would make them rich, rich rich..
In the recent couple of weeks many bulls have been converted to bears. It's summer in New York, and Ben in sweating.