PatriotsReign

Anyone getting in on the Facebook IPO? I'm not for one reason only...and that reason is because the media has given this IPO the "full-court press" treatment and investment advisors are trying to leverage that to sell people this over-inflated IPO.

Look the history of all social media sites and think long & hard about jumping on-board. "MySpace".....man, that was huge for a while. And how's it going with Myspace today folks?

I think sites like Linkedin have more long-term potential than Facebook. But that's just my opinion.

To date, Facebook hasn't shown any consistency in generating profits. So why has this IPO become such a mega-event?

Greed...pure greed folks.

It's like the popularity of the lottery since the great recession began. Sales have been through the roof. Millions are looking for the easier, softer way to riches and all that comes with it...good for them...let em have their broken dreams. The stock market isn't a lottery.

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Drewski

PR - not sure if you are familiar with the concept of "Infographics" but at the link below is one done on Facebook.

While I personally will not be buying the stock, it's hard to argue of the power of it. It is a way of life (for better or worse) for a lot of people; mostly the younger generations.

I will also note that I can't remember and IPO drawing as much attention as this one is, in my life time. I mean CNBC has all of their shows today basically dedicated to it.

Pre-IPO Facebook Fun Facts, An Infographic | TechnoBuffalo

PatriotsReign

Pretty impressive numbers for sure...but right now, Facebook is basically the only game in town (really, really big town). Will someone else come along to tear into their market share? Eventually, yes, beyond a doubt, yes, they will.

Like I wrote, my opinion is that Facebook is over-valued...but only time will tell. It will be interesting to see where they are 5-8 years from now.

I'll also add that I do not get the obsession with telling the world everything you're doing & thinking....very, very sad to me.

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Drewski

I agree. I joined when I was in college (originally you had to be in a set number of schools to join). When it started you could put in your college class schedule and you could see who else on thefacebook (as it was known at the time) were in your classes. I used it to connect for notes if I missed a class or test prep.

Nowadays that use is gone and it has evolved completely. Couple Facebook with a smartphone and it literally consumes some people's lives. My sister can't be without her phone for fear of missing something.

I don't get it. But as they say, different strokes for different folks. I much prefer connecting in real life, and I don't need to know what you did today, everyday. And we all know "you" dont have 896 friends

DarrylS

Wonder how the Winklevoss twins are doing today???

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Drewski

I'm sure they are taking solace in their Pistachio commercial moneys....oh wait that wasn't worth billions?

chicowalker

I don't understand the way some folks use it, either, but as has been said, to each their own.

I will say that it is a very good way to re-connect with people from your past.

Drewski

I agree Chico. Many people I knew in HS, who would have otherwise disappeared from my life into anonymity after we all went our separate ways post graduation, I have maintained a line of communication with because of the Book of Face.

Wolfpack

I got a teeny tiny allocation of the IPO so you can be sure I jumped on it. It's pretty easy money and a virtually risk free investment. I'll probably sell sometime within the next week and just take the short term gain (and the higher tax rate) instead of holding them for a long term gain.

EDIT: When it opened lower than I thought it would, I got out immediately. I made money, but nowhere near as much as I hoped.

sdaniels7114

They were saying on the radio today that Bono, of U2, runs what was considered the dumbest venture capital group in the world; but somehow they inadvertently* invested 90 million in Facebook in 2009. so Bono's going to end up as the richest entertainer in history by the end of the week. He'll pass Paul McCartney at just over a billion and end up somewhere north of that.

*I don't know how that's possible either.

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