Facebook stock hits another new all-time low

Just goes to show you can't be a genius at everything.

The mucky mucks did their insider trading thing & made their money, so everybody who even remotely knew anything about stocks should have known to avoid this deal like the plague.

Get rich quick. It seldom ever happens & when it does it NEVER stays in that guys pocket for long. Thus the following caption; easy come, easy go.

For some reason I can't help but think "You reap what you sow..." Sure seems Mark Zuckerberg is now reaping what he has done to others. From what I can see he has screwed over many people to get where he is now, now he is losing a lot with his stock. I call it karma :)

Facebook is worth that much? For such a worthless site, I mean the idea was good but the way people use it, it's just worthless. It's the beginning of the fall of Facebook. I got real sick of seeing ads a long time ago and use add-ons to get rid of them. The same with Youtube, I can't understand how some people can put up with being forced to watch ads before and sometimes during the video they are watching.

Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way

Originally posted by embo22000:

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Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way

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I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.

He cashed in a billion dollars worth of shares soon after the stock went public. So he's got at least a billion in cash regardless of what happens to the company. It's worth nowhere near $38b, more like $1b and Zuckerberg knows it.

Originally posted by DVDBack23:

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Originally posted by embo22000:

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Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way

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I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.

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The sad thing is that other investors jumped on the IPO band wagon, bought shares at $38.00, and lost 50% of their investment almost immediately. Those are the people I feel sorry for.

I still don't understand how it's worth anything.

I still don't understand how it's worth anything.

Zuckerberg has pledged not to sell any of his holdings for the next year, unlike Dustin Moskovitz.

If he's lucky he will see a little of his orginal profit from the IPO. If he's lucky.

Originally posted by Virgil_B:

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Originally posted by DVDBack23:

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Originally posted by embo22000:

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Its still worth billions so even though he has lost billions he is still a billionaire and will prob stay that way

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I completely agree with you, but it still has to hurt to have your net worth drop from $20 billion to $9 billion in 6 months.

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The sad thing is that other investors jumped on the IPO band wagon, bought shares at $38.00, and lost 50% of their investment almost immediately. Those are the people I feel sorry for.

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I don't feel sorry for anyone that invested and bought into faceb00k. They did so on their own and know the risks. I would argue the reason we see the world in such problems is the pursue of wealth and greed. People looking to make a fortune by simply purchasing stock and expect to become rich, heck not just facebook, but any company's stock... Just happens to be faceb00k here.

On the other side the people who you say you feel sorry for... I look at this story and think what P.T. Barnium said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.

Quote:

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On the other side the people who you say you feel sorry for... I look at this story and think what PT Barnum said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.

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Riddle me this, Batman. In March 2000 the dot.com bubble burst. Most people lost their shirts, although a handful like Amazon came back, Cisco and Amazon among them. Amazon, for instance, went from $107 to $7 but a decade later was worth over $200 and has continued to appreciate.

So Barnum was right. Investors are mostly idiots, led by the snouts by crooks like G-Sax. If a company like FB can be sold for so much, with the people running the IPO baling the moment their profits have been taken, you get the hell out of Dodge. And you do it whatever the loss, because it will only get worse.

FB will never make money because they can't monetise their product via mobile traffic - and that's where all the traffic is heading these days.

Originally posted by bogwart16:

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Quote:

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On the other side the people who you say you feel sorry for... I look at this story and think what PT Barnum said "There's a sucker born every minute", I guess it isn't surprising so many people are so gullible to invest in faceb00k.

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Riddle me this, Batman. In March 2000 the dot.com bubble burst. Most people lost their shirts, although a handful like Amazon came back, Cisco and Amazon among them. Amazon, for instance, went from $107 to $7 but a decade later was worth over $200 and has continued to appreciate.

So Barnum was right. Investors are mostly idiots, led by the snouts by crooks like G-Sax. If a company like FB can be sold for so much, with the people running the IPO baling the moment their profits have been taken, you get the hell out of Dodge. And you do it whatever the loss, because it will only get worse.

FB will never make money because they can't monetise their product via mobile traffic - and that's where all the traffic is heading these days.

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I think I'd agree to most all you say, i'd add, and i think you'd agree the difference between Amazon and the rest of the companies you mention as example that bounced back, or can i say the type of companies that rebounded... The difference is they could monetize the business/service they are in and provide. And thus the problem with faceb00k as you mention as well, there really isn't a tangible thing they provide...

Hmm... Time to start buying tulip bulbs now??? ;) Sure you understand:)

Originally posted by SomeBozo:

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Hmm... Time to start buying tulip bulbs now??? ;) Sure you understand:)

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Indeed. I also have some stock in the South Sea Company which I'm sure will be worth a fortune in weeks to come. Yours for a song.

Personally, I'd put everything you've got into canned food & shotguns.