Facebook……Are Investing Finance People Terminally Stupid?

 

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421 million shares at $38 a pop.  Get it while you can!!!  Or you can wait until the price is about $1/share.  I don’t play the market much anymore.  About the only investments I have are my 401k and other retirement funds.  I quit playing after the .com bubble burst.  It was fun while it lasted. 

Facebook is a wildly popular social networking site which does absolutely nothing.  Oh sure, there’s some advertising to be done on fb, but that goes for any other site/blog on the internet.  One could even set up a sort of a “help desk” on fb for your company.  But, again, that’s not novel nor unique. 

Can someone please tell me the intrinsic value Facebook has?  What does it produce?  What does it facilitate being produced?  What gain can it bring to the business sector? 

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15 Responses to Facebook……Are Investing Finance People Terminally Stupid?

  1. Based! on! Yahoo!‘s success! I’d! figure! they’ll! be! fine! (for! a! couple! of! years! at! least!)

  2. Latitude says:

    I don’t understand why so many people put so much personal info….on the internet

    • suyts says:

      Well, I don’t understand that, either, but, they can’t tell me that what goes on there is worth $100 billion.

      • Latitude says:

        at $38….it’s around $160 billion
        My thinking is….where is all that money going to come from

      • suyts says:

        Lol, you and me Lat. That’s where the capital comes from. You, me and anyone else who has a 401k. We blindly throw our cash into the markets. This keeps the markets moving up regardless of overall valuations. Once the values hit a certain point, the large investors sell and cash out with our capital. Rinse and repeat as necessary.

  3. DirkH says:

    These days most of the expected future growth is already priced in to the IPO price. California sells a myth that worked in the 80ies, and even then only for one out of many companies.

  4. suyts says:

    Yeh, some people are going to take a bath in this.

  5. Vickie Bush says:

    I personally like Facebook so I can keep up with family and friends far away and I like to play the games. But if I had to pay for it… then bye bye it goes. LOL

  6. DirkH says:

    Facebook started at 33.5 Euro in Frankfurt and fell to 31.6 (5 %) at the closing.
    Not a euphoric start.

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