Facebook Stock Hits New Low, Keeps Sinking

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misspink75

After reading this post there comes some super LMS ideas in my mind, like, "Like my status if you think Facebook boat will sink before the end of 2012", lol.

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vkt62

double post

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siramic

lol, haven't even read the article yet, but am loving the photo.

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Baer

I know of lots of people who took on a number of fake accounts to play Farmville a few years ago. The stories about pets having FB accounts is so funny but also so true. To me FB is a way to see the latest goings on posted by my kids and grandkids but what I HATE about it is various sites making me log into FB to post something. For example, if this site started making me log into FB to post I would neither post here again or even come back here. I do not want whatever I post here showing up on my FB page which I only very rarely use. Also, when a business tells me to like it on FB I get the feeling that they are a kiddie business, not a serious company.
$38 a share? When a broker told me he could get me FB on the IPO day at that price I almost doubled over laughing.
What I want to invest in is a company that actually makes something.

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vkt62

I just use it as a constantly updated phone book and it is pretty useful. All the additional features are mostly useless for me.

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tekknyne

I've always said that FB has no real value. Unless you like knowing what people do so you can manipulate them into buying you shit. Then I suppose they have some perceived value.

Don't get me wrong, I spend a ton of time on FB and know what you're saying. Half the forums that I subscribe to make u login to FB. That's why I have a few accounts too, just to mucker with their algorithms a little :)

I think the biggest mistake that most people make- they don't realize that the people who spend the most time on FB are the brokest. People like me aren't buying any of their advertised crap because we don't have any money.

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aaronj2906

All those ads out there and nobody clicking on them. Wasn't it recently revealed, somewhere, that there is a decent percentage of FB accounts that are actually completely fake and unused?

Imagine what that does to ad revenue of a company that expects a certain amount of click-through, only to find out AFTER they invest that a good portion of the "people" on the site are bots or abandoned accts.

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Dartht33bagger

How can a company that generates no real revenue aside from ads even have stock?

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tekknyne

Like I've always said, the service sector and the technology sector are great places to start a racket. Hype up a company's value, jack up the initial IPO and watch the money come pouring in. All of the value is in "intangibles".

Then the market makers start going to work and claim either this or that excuse for the value going down hill. "Investors are losing confidence" really means that they are pocketing all of your money.

Think about it. Where does all money go? The public invested billions in FB and somehow magically all their money just goes away gradually? Because "investors are losing confidence". But the market makers set the price. The price isn't actually a function of anything other than some dude(s) who just make all these dumb claims with their own welfare in mind. It's f**king brilliant. The only people that win are the ones that create the market. That's the problem with most Republican free-market rhetoric. There is no free market.

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vrmlbasic

...this is what happens when you learn about the stock market from the ivory towered hippies in Occupy Wall Street.

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tekknyne

So you think robots and computers birthed AI and started tampering with LIBOR? I guess I'm confused what your point is. Oh that's right, you have none other than stinking of fear and hate. Have a good one man.

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tekknyne

"I don't think betting against our customers is wrong. Not in the context of market-making".

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Biceps

Yep. This is definitely a stock I wish I had sold short. The stock market is nothing but gambling, and in a rigged game at that. Anyone who says differently is selling something.

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TommM

Anyone with a lick of sense could see this Facebook IPO offering was going to be a massive FAIL.

You're counting on the fickle nature of primarily the "25 and younger" crowd - who will flip in a nano-second to something else their friends start using - to sustain your business.

Yeah, right...

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tekknyne

Interesting analysis :)

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bling581

"Analysts and investors are skeptical of Facebook's ability to grow its business long-term"

Really? That's a huge surprise. Not! I've been saying all along that Facebook is just another fad like MySpace was. It will eventually die out or transform into something completely different.

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shotgun-eddie

Why would anyone buy it? Comparing to Google, which has a price to earnings ratio of 18.63, why would you buy FB with a ratio of 112? My advice, continue to short FB at least down to 7 bucks; although it will probably go lower. That gives it a market cap of ~7B, less than what Google offered to buy Groupon for.

Buying because you are fan of something is silly. I am a fan of my local arena football team but still do not want to own a piece of it since it does not make any money.

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wolfing

there are exceptions though. For years I've kept that the price of Apple stock was too high because of the 'fan effect' (i.e. people who buy the stock because they like the company), yet it keeps going up and up. I've always thought it's a bubble about to burst, but it's proven me wrong for a long time.
Granted, they actually sell products and have tangibles, as opposed to Facebook, but I still think it's very overpriced.

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vkt62

Apple sells products that you can be sure are going to be reliable and good. So once you consider buying a certain product (phone, computer or tablet), you can buy theirs without worrying or spending too much time researching (Yes they are over priced). Facebook doesn't have that wow effect, quality or support. Most electronic companies do not have the long term reputation that apple does.

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