AfterDawn: Tech news

Facebook value continues to decline

Written by Andre Yoskowitz (Google+) @ 17 Nov 2011 17:05 User comments (8)

Facebook value continues to decline Facebook, through its private share sales, appears to be losing value.
SharesPost, which auctions private shares of companies that have not yet gone public says Facebook shares have fallen from their peak in August at $33 per share to $30 today.

On August 16th, 100,000 shares were sold for $33 per share. On October 26th, 70,000 shares were sold at $32. Yesterday, a large block of 75,000 shares sold for $30 per share, implying a 9.1 percent drop in value in just 2 months.

Facebook is set to go public next year, with a market value of over $70 billion, making it a top tech firm.

Recently, companies like LinkedIn, Groupon and Yelp have gone public and commanded large premiums due to their social networking nature.

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8 user comments

117.11.2011 23:40

I hear bubbles popping again.

218.11.2011 9:40

I wonder how many of these 800 million accounts are actually active. Just from the 238 friends I have, at least 25 have never made one post.

I used to enjoy going on there but with the latest round of changes the site is so convoluted and full of ads it's become the CiCi's of the Internet.



"Is that 3 thousand dollar bounty on the shark in cash or check?"

"We can do it the easy way...Or we can do it the REAL easy way."

318.11.2011 12:35

Out of all the new accounts, most are people with multiple accounts. that's why they never post. People do it all the time in order to play the games or earn bonuses for whatever...

As for a 'bubble'... that may indeed be true. It happens to anything. People are fickle. The net is just an extension. Facebook has however proven itself over an extended period of time and expense & probably would service a huge hit despite a burst, like that say of Amazon & Newegg.

I think what we're seeing here is a a simple European flux & pre-holiday saturation buying burnout. The elitists don't want to pay any more & simply just won't. Not with their money. How else do you think they got rich in the first place. They'll wait till the new year for all the day traders to chomp at the bit & dim wittedly throw $75 a stock. So long as 'they' are paying for it, the elitists will buy up in the margin like crazy & put it on their tab.

It's good 'Merican business. I mean that's what got us into the Great Depression & the Wall Street Crash...

This message has been edited since its posting. Latest edit was made on 18 Nov 2011 @ 12:35

418.11.2011 14:26

I have predicted FB to sooner rather than later FLOP and sincerely hope it does. It's a wasteful, unflowing, crappy site and worthless in the long run.

1.5 years ago it was something like 100 billion in value and now at 70. In three years it'll be worth 40 and will ever drop lower and lower because people eventually...............wisen up.

Unfortunately that is why people are dumb now......because it takes so long to smarten up regarding stupid crap like FB, MySpace and twitter.

FB junkies are losers! If you're wondering what a junky is......YOU KNOW WHO YOU ARE

This message has been edited since its posting. Latest edit was made on 18 Nov 2011 @ 14:26

518.11.2011 16:58

Ever since they kept changing it over and over again, they screwed it up. Facebook's magic was its simplicity. You could see all your friends. Easily see what they have to say, etc.

Now you have to make all these stupid lists. They seem so concerned about trying to figure out who knows who, and who is family with who that Facebook has become about the company trying to extract your personal info and revealing your friends lists, rather than about the individual user and the experience and value they get out of using Facebook.

This comes from them not knowing and accepting their role and wanting to continually expand their intrusion into people's privacy. Most of the changes they make leave the impression that it's more about them than it is about us, the users.

621.11.2011 20:34

Originally posted by ChiefBrdy:
I wonder how many of these 800 million accounts are actually active. Just from the 238 friends I have, at least 25 have never made one post.

I used to enjoy going on there but with the latest round of changes the site is so convoluted and full of ads its become the CiCis of the Internet.


Wonder no more. That 800 million IS the active numbers. By active, they mean people who log in at least once a month. And that number is the 800 million that you hear.(By contrast, less than 10 million of Google+s supposed 40 million users are active by that description.)

721.11.2011 20:38

Originally posted by hearme0:
I have predicted FB to sooner rather than later FLOP and sincerely hope it does. It's a wasteful, unflowing, crappy site and worthless in the long run.

1.5 years ago it was something like 100 billion in value and now at 70. In three years it'll be worth 40 and will ever drop lower and lower because people eventually...............wisen up.

Unfortunately that is why people are dumb now......because it takes so long to smarten up regarding stupid crap like FB, MySpace and twitter.

FB junkies are losers! If you're wondering what a junky is......YOU KNOW WHO YOU ARE
Your post just makes you sound stupid, no one else. At NO point was it ever valued at $100 billion. That was all speculation

830.11.2011 3:02

At least it's still $30 more than its true value.

This message has been edited since its posting. Latest edit was made on 30 Nov 2011 @ 3:03

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