Facebook IPO

[Seanie Mac]

So the IPO isn't really being offered to the regular Joe I heard. Does anyone's hedge fund or mutual offering it?

Any stock guys have any insight on what this stock will do? I'd have to imagine it would go up over the 1st year, but I don't see how it can sustain long term growth, it's still just a social network. I don't know anything about stocks but it seems to me Zuck just wants to get filthy rich by going public

[railbird]

Facebook is a sucker play. like buying Angel tickets because they got Puljos. Zuck only hires other jews, look at his staff.

[Seanie Mac]

I would think having Jews around is a good business move.

Rail I thought you were a Jew...

[heart222]

can we get off whose jewish and whose christen this is a sports site. where the hell are the moderators on this one. speaking of Facebook the pros don't like the public does if it gaps on opening then it may be too high.

[Chessman]

Facebook is a sucker play. like buying Angel tickets because they got Puljos. Zuck only hires other jews, look at his staff.

Pukejols

[Seanie Mac]

Bird has and will always have free reign here. He creates interest and chatter. JK loves him.

[winkyduck]

Facebook is a sucker play. like buying Angel tickets because they got Puljos.

don't agree with all he said here so i deleted it but 100% agree about FB being a "sucker play"

the numbers simply DO NOT add up here. the valuation for the company is about $10B but now the stock price makes it closer to $100B or TEN TIMES more than it is worth. There are gonna be a LOT of very wealthy people 6 months from now when FB people can sell their stock and I promise you most will dump it as fast as they can.

Look for the stock to EXPLODE Opening Day and close 2-3 times higher than what it opened at - the IPO price. But those who buy into it expecting long term profits are gonna be very disappointed. The fact is FB revenue doesn't come close to $100B and only suckers will be buying this stock.

Five years from now people will be talking about FB in the same breath as MySpace. Kudos to all the 20-something employees who will be able to retire by the end of the year but just like those who bought houses in 2006 and are now big time underwater - those who buy FB stock at these outrageous prices will be lamenting it when they lose their asses on this stock.........and they WIL Lose their asses and other body parts on this stock

I wouldn't invest Counterfeit Money in this stock!

[Jeff Jones]

Buy the IPO and sell on the open. Fast money.

Of course, the one problem is that you can't get the IPO.

[railbird]

I would think having Jews around is a good business move.

Rail I thought you were a Jew...

yeah probably

[railbird]

how do you get the ipo 1st? do you have to know somebody?

[Jeff Jones]

The IPO shares will go to the mutual funds, hedge funds, crony institutions and wealthiest individual clients. Branch offices (if any) may get a few shares to dole out to their best customers.

This is a hot issue; the IPO pricing tonight moved up to between $34-$38. Likely to go up more before final pricing.

Unless something really bizarre happens to Facebook before its market opening on 5/17, demand for shares greatly exceeds supply. General public is out.

Funny thing about IPOs. If shares ARE available to the general public, it means you don't want them.

[winkyduck]

^^^^^^^^^^^^^^^^

100% agree with all posted above. especially the last paragraph

[mr merlin]

The IPO shares will go to the mutual funds, hedge funds, crony institutions and wealthiest individual clients. Branch offices (if any) may get a few shares to dole out to their best customers.

This is a hot issue; the IPO pricing tonight moved up to between $34-$38. Likely to go up more before final pricing.

Unless something really bizarre happens to Facebook before its market opening on 5/17, demand for shares greatly exceeds supply. General public is out.

Funny thing about IPOs. If shares ARE available to the general public, it means you don't want them.

I'm trying to get in on the IPO - through e-trade(where I have an account), will find out thursday if I get any, the price will be fixed today I believe, the 34-38 range should hold.

Whether it's overvalued or not is irrelevant, as selling day one is the smart play.

[mr merlin]

how do you get the ipo 1st? do you have to know somebody?

First off you have to have an account at a participating financial comp, then you have to be one of their better(richer,active traders) customers, then you have to apply, then you have to hope you get some of what you asked for.

[Jeff Jones]

I'm trying to get in on the IPO - through e-trade(where I have an account), will find out thursday if I get any, the price will be fixed today I believe, the 34-38 range should hold.

Whether it's overvalued or not is irrelevant, as selling day one is the smart play.

I was wrong on when FB comes to market. It will be Friday morning, 5/18. That means it will be priced Thursday night.

Good luck on getting some. Even an odd-lot. Many times the substantial shares will be used to attract other new business from account holders or attract plum new accounts as in...

"Well Mr. Bigbucks, I may be able to help you out with FB, but I see that you haven't been doing much business with us lately. Now we have a new limited-partnership, tax-advantaged investment in (whatever) that I think might interest you for (six figures). How's that sound?

[mr merlin]

I was wrong on when FB comes to market. It will be Friday morning, 5/18. That means it will be priced Thursday night.

Good luck on getting some. Even an odd-lot. Many times the substantial shares will be used to attract other new business from account holders or attract plum new accounts as in...


"Well Mr. Bigbucks, I may be able to help you out with FB, but I see that you haven't been doing much business with us lately. Now we have a new limited-partnership, tax-advantaged investment in (whatever) that I think might interest you for (six figures). How's that sound?

If I get a few hundred shrs, I'll be happy, yes jeff, shares open to the public friday morning, I'll find out thursday if I get any.
By the way, I have heard they might price tonight, two days early.

[Jeff Jones]

I don't know your juice with e-trade but 25 would probably be a good score.

I can't see any underwriter fixing a price on a hot issue IPO two days early. It will be Thursday evening. They will weigh demand, buzz, and public relations into the final price. FB wants as much as they can get for the shares without killing priceless publicity they are going to get from a huge opening spike. They don't want to fizzle.

[mr merlin]

25 shrs would be an insult, what would that get me $400 if it spikes $15? I'd rather get nothing. I dont normally do IPO's, so it really doesn't matter, I'm bidding for a 1000 just in case. Sure would be sweet to get 500 and sell 1st day(they dont like it though) for an easy 5 -10 grand, sorta like hitting a big parlay!

[Jeff Jones]

It will likely spike a lot more than $15.

And "I'd rather get nothing than $400" is not a good investment strategy.

Do you refuse winning bets netting $400 or less?

[mr merlin]

It will likely spike a lot more than $15.

And "I'd rather get nothing than $400" is not a good investment strategy.

Do you refuse winning bets netting $400 or less?

I'm not one of these guys that claim he's a sharp winning gambler, I lose all the time...all that means is that I'm due!

But 25 shares would be a joke, if they give me 25, I'll be really pissed. I've prob made maybe 60 -70 round term trades in the last year, that's better than most nowadays.

[Jeff Jones]

OK. Let's figure your value to a brokerage firm like a casino would.

We'll go with the upper end..70 trades a year (6 per month). E-trade is probably around $8 trade. That's $48 a month you bring them. We'll double that number because you will eventually close each trade. You are still under $100 a month in revenue to them.

If the casino HA over the same month nets the same $100, they probably aren't going to be comping you much at all in Facebook IPO shares either.

[mr merlin]

70 trades at 9.99 on each end is $1400 a year, I'm not argueing with you jeff, I'll post how many shrs(if any) I get. They are not comping the shares , they are participating in the offering and have a responsibility to sell their share of the offering.

[joeybagadonuts]

Hate to burst your bubble Merlin, but Jeff is right, there is virtually no chance you get a single share, let alone any real volume.

[dogball]

Friend and guy i do business with got me 1000 shares today. I await wiring instructions
No clue if this is a hold or trade

[Jeff Jones]

Friend and guy i do business with got me 1000 shares today. I await wiring instructions
No clue if this is a hold or trade

What? LOL.

A "friend" got you 1000 shares of the FB IPO more than 48 hours before it is even priced? What did he do? Just call up and say, "my friend needs 1000 shares?" LOL.

And my dog ate my homework.

[dogball]

What? LOL.

A "friend" got you 1000 shares of the FB IPO more than 48 hours before it is even priced? What did he do? Just call up and say, "my friend needs 1000 shares?" LOL.

And my dog ate my homework.

My friend owns huge office buildings in Manhattan you sappy old bag of shit. So that is pretty much how it is bc the underwriters and him do business for generations. Moreover' you demonstrating a winky like knowledge of how this works. They get a huge allocation of shares and the pricing has nothing to do with it.

[VegasRandy]

GM plans to stop advertising on Facebook

<IFRAME style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 450px; HEIGHT: 35px; OVERFLOW: hidden; BORDER-TOP: medium none; BORDER-RIGHT: medium none" src="http://www.facebook.com/plugins/like.php?href=http%3A%2F%2Fwww.reuters.com%2Farticle%2F2012% 2F05%2F15%2Fus-gm-facebook-idUSBRE84E1I820120515&layout=standard&show_faces=false&width =450&action=recommend&colorscheme=light&height=35" frameBorder=0 allowTransparency scrolling=no></IFRAME>

• <IFRAME style="WIDTH: 106px; HEIGHT: 20px" class="twitter-share-button twitter-count-horizontal" title="Twitter Tweet Button" src="http://platform.twitter.com/widgets/tweet_button.1336551279.html#_=1337134368391&count=horizonta l&counturl=http%3A%2F%2Fwww.reuters.com%2Farticle%2F2012%2F0 5%2F15%2Fus-gm-facebook-idUSBRE84E1I820120515&id=twitter-share-link&lang=en&original_referer=http%3A%2F%2Fwww.reuters.com%2 Farticle%2F2012%2F05%2F15%2Fus-gm-facebook-idUSBRE84E1I820120515&size=m&text=GM%20plans%20to%20stop%20a dvertising%20on%20Facebook&url=http%3A%2F%2Freut.rs%2FJInqkT &via=reuters" frameBorder=0 allowTransparency scrolling=no></IFRAME>
• inShare17
• Share this
• <IFRAME style="POSITION: static; BORDER-BOTTOM-STYLE: none; BORDER-RIGHT-STYLE: none; MARGIN: 0px; WIDTH: 70px; BORDER-TOP-STYLE: none; HEIGHT: 15px; VISIBILITY: visible; BORDER-LEFT-STYLE: none; TOP: 0px; LEFT: 0px" id=I1_1337134367248 title=+1 tabIndex=0 vspace=0 marginHeight=0 src="https://plusone.google.com/_/+1/fastbutton?bsv=p&url=http%3A%2F%2Fwww.reuters.com%2Farticle% 2F2012%2F05%2F15%2Fus-gm-facebook-idUSBRE84E1I820120515&size=small&count=true&hl=en-US&jsh=m%3B%2F_%2Fapps-static%2F_%2Fjs%2Fgapi%2F__features__%2Frt%3Dj%2Fver%3D7cn4V ZTOAx8.en_US.%2Fsv%3D1%2Fam%3D!m0CwlI_oWP6Izkh5SA%2Fd%3D1%2F rs%3DAItRSTM2iQp0xEW2vl4Makilwu6w-5hbcw#id=I1_1337134367248&parent=http%3A%2F%2Fwww.reuters.co m&rpctoken=840457552&_methods=onPlusOne%2C_ready%2C_close%2C _open%2C_resizeMe%2C_renderstart" frameBorder=0 width="100%" allowTransparency name=I1_1337134367248 marginWidth=0 scrolling=no hspace=0></IFRAME>
• Email
• Print

Related News

• Facebook increases IPO range to raise $12.1 billion 6:07pm EDT
• Facebook's Zuckerberg says mobile first priority Sat, May 12 2012
• Facebook's IPO already oversubscribed: source Fri, May 11 2012
• AOL beats Street, plans big return to shareholders Wed, May 9 2012
• Facebook changes IPO pitch in Boston, scraps video Tue, May 8 2012

Analysis & Opinion

• Facebook winning Keynesian beauty contest
• Essential reading: HP loses Dutch tax shelter case, popular deductions on the block, and more

Related Topics

• Tech »
• Media »
• Facebook »

Tue May 15, 2012 6:08pm EDT

<SPAN class="articleLocatio</span>n">(Reuters) - General Motors Co will stop advertising on Facebook, a move that comes during the same week the social networking website is due to go public.
The U.S. automaker confirmed a report by the Wall Street Journal. A source familiar with the automaker's plans said GM's marketing executives decided Facebook's ads had little impact on consumers.
GM said it will still have Facebook pages marketing its vehicles, but it will drop use of paid ads. Anyone can create a Facebook page at no cost. GM pays no fee to Facebook for its pages, which allow the automaker to reach consumers directly.
"We regularly review our overall media spend and make adjustments as needed...it's not unusual for us to move our spending around various media outlets - especially with the growth of multiple social and digital media outlets," GM said in a statement.
"In terms of Facebook specifically, while we currently do not plan to continue with advertising, we remain committed to an aggressive content strategy through all of our products and brands, as it continues to be a very effective tool for engaging with our customers," GM said.
GM spends about $40 million on its Facebook presence, but only about $10 million of that is paid to Facebook for advertising. The rest covers the creation of content and the agencies involved, The Journal said.
GM, the country's third largest advertiser behind Procter & Gamble Co and AT&T Inc, spent $1.11 billion on U.S. ads last year, according to Kantar Media, an ad-tracking firm owned by WPP PLC. About $271 million of GM's total ad spend last year was for online display and search ads excluding Facebook advertising.
Facebook Inc, founded eight years ago by Mark Zuckerberg in a Harvard dorm room, is expected to start trading on the Nasdaq on Friday. The world's No. 1 social networking site raised its price range on Tuesday, potentially giving the company a valuation of more than $100 billion.
</SPAN>

[mr merlin]

I don't know your juice with e-trade but 25 would probably be a good score.

I can't see any underwriter fixing a price on a hot issue IPO two days early. It will be Thursday evening. They will weigh demand, buzz, and public relations into the final price. FB wants as much as they can get for the shares without killing priceless publicity they are going to get from a huge opening spike. They don't want to fizzle.

Got 100 Jeff, better than nothing I guess, was really hoping for a few hundred. Others on the e-trade message boards are saying all they got was 50 -100 shrs as well, even big balance people.

Some morons are predicting a $100 open(I dont see it), if that happens I'll take it.

[pbovi]

70 trades at 9.99 on each end is $1400 a year, I'm not argueing with you jeff, I'll post how many shrs(if any) I get. They are not comping the shares , they are participating in the offering and have a responsibility to sell their share of the offering.

I would call getting shares for 70 trades miraculous, unless you have a 7 figure account that does not begin with a 1 and/or have paid many thousands of dollars in margin interest. Day traders do 70 trades by the middle of the week.

[mr merlin]

I'm not a day trader(although technically I am considered a pattern day trader), by the way, there are people who are saying that they deposit 5K two weeks ago and ended up getting 50 shrs. At 140 trades a year(70 in and out), I prob make more trades than 95% of e-trade customers.

[Discreet Cat]

http://www.t3live.com/videos.html?vi...2434fb64cf7516

[Archangel8]

just found out this morning they gave me 100 shares also at 38 each...asked for 1000 though...we'll see...looking like an open of 42...good luck guys

[ComptrBob]

Opened $42.05 at 11:30am EDT, jumped to 43 and back to around 42.30 in the first minute. Traded 82 million shares in first 30 seconds according to CNBC.

[Bagiant]

Looks like it's 40.50 right now!

[RealSlimShady]

This thing will break syndicate at some point and will be a great short. I'd short it here, but can't today....