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#5686112 - 05/16/12 08:12 AM Facebook stock IPO thoughts for Friday?
ComicConnoisseur Offline
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Anybody have any thoughts on Facebook shares for Friday?
I have a feeling these will be overpriced at first. hm
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�Let me issue and control a nation�s money and I care not who writes the laws.� - Mayer Amschel Rothschild

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
- Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)





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#5686174 - 05/16/12 08:44 AM Re: Facebook stock IPO thoughts for Friday? [Re: ComicConnoisseur]
KingOfRulers Offline
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Registered: 04/15/05
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I just don't have faith in Facebook for longterm growth. It's not like they actually create a product like Microsoft, IBM or Apple. Facebook's product can easily be forgotten and old news. They obviously struck gold with the concept, but to me it is just a consumer fad that can change at any moment (just like Myspace's rise and fall).

The company ownership will need to keep coming up with new ideas continuously, and I see it as a "one hit wonder".

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#5686242 - 05/16/12 09:18 AM Re: Facebook stock IPO thoughts for Friday? [Re: KingOfRulers]
ComicConnoisseur Offline
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It reminds me of how 10 years ago just about everybody had AOL.
Another thing that concerns me is how a few people have told me how they are turned off with Facebook because of privacy concerns.
Simple little complaints like that usually grow.
_________________________
�Every positive value has its price in negative terms... the genius of Einstein leads to Hiroshima.� - Pablo Picasso

�Let me issue and control a nation�s money and I care not who writes the laws.� - Mayer Amschel Rothschild

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
- Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)





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#5686328 - 05/16/12 09:42 AM Re: Facebook stock IPO thoughts for Friday? [Re: KingOfRulers]
Bane Offline
Pedigreed


Registered: 03/05/11
Posts: 6470
Loc: Reading, England
 Originally Posted By: KingOfRulers
I just don't have faith in Facebook for longterm growth. It's not like they actually create a product like Microsoft, IBM or Apple. Facebook's product can easily be forgotten and old news. They obviously struck gold with the concept, but to me it is just a consumer fad that can change at any moment (just like Myspace's rise and fall).

The company ownership will need to keep coming up with new ideas continuously, and I see it as a "one hit wonder".


Until people pull themselves out of the Matrix and stop posting every facet of their lives online then I can see Facebook enduring.

Especially as a younger generation grow up with this and Twitter.
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No Jamie, you were one of a kind and you will be missed my friend. RIP.

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#5686359 - 05/16/12 09:49 AM Re: Facebook stock IPO thoughts for Friday? [Re: Bane]
bronzilla Offline

My friends call me "etc"

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http://gawker.com/5881513/david-choe-jus...tic-art-in-2005

David Choe Just Made $200 Million For Painting Facebook Office with Erotic Art in 2005:

If then-President of Facebook Sean Parker had come to you in 2005, asked you to paint his new offices with a bunch of *spoon*, and then offered to pay you in either a few thousand dollars in cold hard cash or just the equivalent in company stock, you would probably have gone for the cash, right? Particularly if the company seemed on the whole sort of "pointless" to you, as it did to so many of us around then even though we were already becoming addicted to it? Fortunately for the painter, wild child graffiti artist David Choe, he picked the stock, which the New York Times points out is now about to be worth $200 million:


In 2005, Mr. Choe was invited to paint murals on the walls of Facebook's first offices in Palo Alto, Calif., by Sean Parker, then Facebook's president. As pay, Mr. Parker offered Mr. Choe a choice between cash in the "thousands of dollars," according to several people who know Mr. Choe, or stock then worth about the same.

Mr. Choe, who has said that at the time that he thought the idea of Facebook was "ridiculous and pointless," nevertheless chose the stock.

Many "advisers" to the company at that time, which is how Mr. Choe would have been classified, would have received about 0.1 to 0.25 percent of the company, according to a former Facebook employee. That may sound like a paltry amount, but a stake that size is worth hundreds of millions of dollars, based on a market value of $100 billion. Mr. Choe's payment is valued at roughly $200 million, according to a number of people who know Mr. Choe and Facebook executives.
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Populations suffer from a fear of change, for their conditioning assumes a static identity. Challenging ones belief system usually results in insult and aprehension. Being wrong is eroniously associated with failure, when in fact to be proven wrong should be celebrated, for it elevates us to a new level of understanding. There is no such thing as a smart Human being, for it is merely a matter of time before their ideas are updated, changed or eradicated. This tendency to hold on to a belief system, any belief system and sheltering it from new possibly transforming information, is nothing less than intellectual materialism. Dominant World views operate with the same social irrelevancy, they exist as barriers to social and individual growth. Major institutions exist as barriers to personal and social growth for each group perpetuates a closed world view.





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#5686646 - 05/16/12 11:49 AM Re: Facebook stock IPO thoughts for Friday? [Re: bronzilla]
Buffyfan Offline

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"Sometimes you don't."

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The problem with Facebook is that more than 60% of traffic is avoiding the ads on there.
Without traffic, no ads, without ads, no revenue.
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"Historically, the claim of consensus has been the first refuge of scoundrels; it is a way to avoid debate by claiming that the matter is already settled. Whenever you hear the consensus of scientists agrees on something or other, reach for your wallet, because you are being had. Let's be clear: the work of science has nothing whatever to do with consensus. Consensus is the business of politics. Michael Crichton 1/17/03 speech California Institute of Technology"


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#5686654 - 05/16/12 11:53 AM Re: Facebook stock IPO thoughts for Friday? [Re: ComicConnoisseur]
truthteller Offline
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How can a company that produces nothing but cyberstuff be worth 100 billion dollars?



TRUTH
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#5686659 - 05/16/12 11:55 AM Re: Facebook stock IPO thoughts for Friday? [Re: truthteller]
krazy_kenny1 Offline
The Post-man always rings twice. Uhm... ring ring?


Registered: 05/15/06
Posts: 1676
Loc: Pittsburgh, PA
 Originally Posted By: truthteller
How can a company that produces nothing but cyberstuff be worth 100 billion dollars?


$100 billion dollars doesn't buy what it used to \:\(


Edited by krazy_kenny1 (05/16/12 11:57 AM)
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#5686665 - 05/16/12 12:01 PM Re: Facebook stock IPO thoughts for Friday? [Re: truthteller]
Buffyfan Offline

"I don't feel like a freaknut..."

"Sometimes you don't."

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Registered: 05/08/06
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Loc: Watching the Lunatics Run the ...
 Originally Posted By: truthteller
How can a company that produces nothing but cyberstuff be worth 100 billion dollars?



TRUTH


It's kind of like an oil company claiming 2 million acres in assets which aren't even producing and will expire in 5 years.
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WANTED: (preferably pedigreed)
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Widespread acceptance of an idea is not proof of its validity. -Robert Langdon

"Historically, the claim of consensus has been the first refuge of scoundrels; it is a way to avoid debate by claiming that the matter is already settled. Whenever you hear the consensus of scientists agrees on something or other, reach for your wallet, because you are being had. Let's be clear: the work of science has nothing whatever to do with consensus. Consensus is the business of politics. Michael Crichton 1/17/03 speech California Institute of Technology"


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#5686899 - 05/16/12 02:01 PM Re: Facebook stock IPO thoughts for Friday? [Re: Buffyfan]
WoodenJefferson Online   content

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FMC (Ford Motor Co) recently pulled their 30 million dollar ad campaign from Facebook, said they were not getting the bang for the bucks spent...shoot, even I ignore ads directed specifically at my interests. I think we have a lot of hype as the coaster is peaking on top of the track...it might initially dip, but will go back up...but will eventually loose momentum and come to a halt.
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