 Zeegrr60
Male, 40-49, Eastern US
 1525 Posts
|
Tuesday, June 05, 2012 4:31:33 PM
Greedy Farkers! Hope they lose most of it. |
|
 8BitHero
Male, 18-29, Europe
5420 Posts
|
Tuesday, June 05, 2012 3:22:18 PM
It's Facebook. So? |
|
 Tekinette
Male, 18-29, Europe
256 Posts
|
Tuesday, June 05, 2012 8:24:49 AM
Of course he knew and he wasn't the only one, it was immoral but was it illegal ? That's the question. |
|
 EgalM
Male, 18-29, Canada
1690 Posts
|
Tuesday, June 05, 2012 7:37:33 AM
A website that makes money off ads thought to be worth more than it is, no way, that's impossible. Under that logic I-A-B should be worth a couple million at least, you see where I'm going with this. |
|
 asianchamp
Male, 18-29, Australia
413 Posts
|
Tuesday, June 05, 2012 12:53:58 AM
Meh, the man was smart, bailed and took a cool 1.5 bill with him. People be jealous, me included. |
|
 lawndartsftw
Male, 40-49, Canada
1815 Posts
|
Monday, June 04, 2012 8:35:07 PM
The Millenial version of Bernie Madoff ??? |
|
 mzacur
Male, 18-29, Eastern US
112 Posts
|
Monday, June 04, 2012 4:17:37 PM
Oh man...you mean facebook as a publicly traded company had a huge inflated opening market price? Then subsequently tanked when investors started asking each other "How we gonna make money off this when its free?". Color me surprised.
Advertising is their only revenue stream from that "Business", and while exploiting data mining on the FB user base could possibly make that advertising more effective...its an overvalued, overhyped piece of poo. Always was, always will be. If you lost money on this...good. |
|
 Angilion
Male, 40-49, Europe
9676 Posts
|
Monday, June 04, 2012 3:34:44 PM
Did anybody *not* know Facebook was overvalued? |
|
 Langer
Male, 18-29, Europe
321 Posts
|
Monday, June 04, 2012 2:22:48 PM
maybe they should make a facebook group to plan their attack... |
|
 clockwork208
Male, 30-39, Western US
834 Posts
|
Monday, June 04, 2012 1:47:42 PM
Haha, he has all of your personal information - he cn still keep selling it to every two-bit trojan-loading, skanky little website he wants to. |
|
 robosnitz
Male, 40-49, Eastern US
2752 Posts
|
Monday, June 04, 2012 12:12:09 PM
Isn't that the goal of playing the stock market? Trying to make money? |
|
 Gerry1of1
Male, 50-59, Western US
26240 Posts
|
Monday, June 04, 2012 10:31:56 AM
I doubt he's dumb enough to do such obvious insider trading.
Whiners gonna whine.
"Oh! I lost money gambling on the stock market! There must be someone to blame! Someone to sue! KILL ZUCKERBURG!!!" |
|
 MichaelBored
Male, 40-49, Eastern US
219 Posts
|
Monday, June 04, 2012 10:27:47 AM
Did Mark Zuckerberg Know Facebook Was Overvalued?
That would be SO out of character for him. |
|
 burbclaver
Male, 50-59, Western US
859 Posts
|
Monday, June 04, 2012 10:02:02 AM
Caveat Emptor. I knew this was going to happen when it wasn't done as an auction. The insiders got it at a preferred price, pumped the stock then dumped it on the opening bell. It's an old stock market tradition in which the little guy is screwed every time. |
|
 Draculya
Male, 30-39, Asia
6671 Posts
|
Monday, June 04, 2012 9:53:11 AM
Facebook's share price chart is threatening to turn from a fast blue run into a double black diamond, now at $26 and still falling. I think you should all call your pension fund managers and ask them what their (your) exposure is.
To illustrate how bad it's doing, hypothetically speaking, if it keeps falling at current rates of a little faster than a dollar a day, it will reach zero in a little over a fortnight.
I hate him and his company. I hope the powers that be strip him of his shares and send him to jail, then wind up the company. |
|
 MacGuffin
Female, 30-39, Europe
2597 Posts
|
Monday, June 04, 2012 9:31:06 AM
It's amazing how many people in the stock market game are technically illiterate. You never see Warren Buffett investing in a company he doesn't understand through-and-through, and that's the real 'secret' of his success: the insight that comes from hard work and the ability to critically analyse potential as an outsider. By contrast, I can only imagine the type of people that invest in Facebook, LinkedIn and Groupon, etc, have got drawers full of magic beans at home, and can't even work their own iPhones never mind appreciate the complex dynamics of online social media.
|
|
 patchgrabber
Male, 30-39, Canada
5329 Posts
|
Monday, June 04, 2012 9:24:31 AM
Did Zuck sell shares? The way I heard it was that he did some fancy financial juggling so that he still retained control. I'm pretty sure it was large investors like Bono, Microsoft etc. that won big on the Facebook fiasco. |
|
 Ripper398
Male, 18-29, Western US
1315 Posts
|
Monday, June 04, 2012 9:23:20 AM
I'd feel bad for them, but that's how the stock market game works. When it's under valued they make raping and when it's overvalued they get rape. Research research research. |
|
MacGuffin
Female, 30-39, Europe
2597 Posts
|
Monday, June 04, 2012 9:21:59 AM
I think *all* of these massive IPO floatations of web-based companies are just the latest incarnation of the dot com bubble. Back at the turn of the millennium I had to explain to people why merely having a website wouldn't make them any money. These days, I find myself explaining to much the same group of people that merely having a lot of users for your free web offering won't make you any money in the long-term either; certainly not enough to justify the massive outlay you need to get into that position.
These sites are all based on the premise that, once you've herded enough people into signing up and giving you access to their contact details and insights into their habits and relationships, you can use that knowledge to market to them like mad. This theory fails on two points: 1) people aren't stupid, and 2) Adblock Plus exists.
|
|
 sjaakwortel
Male, 18-29, Europe
351 Posts
|
Monday, June 04, 2012 9:21:46 AM
everybody knew |
|
tedgp
Male, 30-39, Europe
2984 Posts
|
Monday, June 04, 2012 9:20:57 AM
Sounds to me like the investors thought they were on to a big winner, then when their bluff was called, they refuse to accept the blame that they made a bad investment choice so decided to blame others. |
|
 DromEd
Male, 40-49, Eastern US
951 Posts
|
Monday, June 04, 2012 9:19:44 AM
So stupid people were stupid and did a stupid thing and now want to sue. Nothing new there. Did Zuck really do anything illegal? I'd wager some devious shenanigans were going on. |
|
bloomi
Male, 13-17, Europe
86 Posts
|
Monday, June 04, 2012 9:19:35 AM
If you ask me it was and still is patently obvious that Facebook is hugely overvalued.
Most stocks have a price / return ratio of about 1:10. That is I'll make back the money I spent on the stock in about ten years. Facebooks was about 1:100. What muppet thought that was a good idea?
Also the last .com bubble was only 10 years ago. People who don't remeber history a doomed to repeat it. |
|
 swoop408
Male, 18-29, Western US
1768 Posts
|
Monday, June 04, 2012 9:19:13 AM
Okay? |
|
 yusuksomuch
Male, 40-49, Western US
1002 Posts
|
Monday, June 04, 2012 9:15:03 AM
People made a bad investment and are looking to sue!!?? Now I've heard everything. |
|
Back to Listing
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}
){kind=avatar}