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Facebook To Go Public On Friday, May 18
redletterdave writes "The IPO on everyone's minds for the past few years — and possibly the biggest one in history — is upon us: Facebook will finally make its Wall Street debut on Friday, May 18, 2012. Sources also say Facebook will begin its IPO roadshow on Monday, May 7, and will eventually list its shares on the Nasdaq (not NYSE) with the ticker symbol 'FB.' Facebook looks to raise anywhere from $5 billion to $10 billion during its roadshow to achieve a $100 billion valuation, which would make it one of the biggest IPOs of all-time."
Someone have to say it: Bubble
There.
This will open low, shoot high, then nosedive and stay low for a long time.
You can play in this sandbox, as long as you understand that all the sand belongs to someone else, and at bets you can get in, fill your bucket, dump it, and get back out before any one notices you are there.
Everybody recognizes this for what it is, a cashout for the major FB players.
Sig Battery depleted. Reverting to safe mode.
Check!
So how much does the whole organ donations thing add to Facebook's value? Must be another couple of billion easily.
They seem a little overvalued to me. It sounds like when Red Hat went IPO in the late 90's. What is Facebook's actual revenues? Something like $200M quarterly?
Lost at C:>. Found at C.
Are they sure it is FB?
I thought it already was public. My personal data is all over the internet.
Oh, they're taking their STOCK public. *Nevermind*...
Understanding the scope of the problem is the first step on the path to true panic.
Look Google I'm really happy for you and Imma let you finish. But Facebook is the BIGGEST IPO OF ALL TIME!
There's no -1 for "I don't get it."
The stock price will sky rocket on the ipo, then drop off a bit a week later (as have others). by this time next year the price will be one third of what people will pay May 18, unless they go the MySpace route and die a slow death.
This IPO will basically put a concrete dollar price on what having the "private data" of 800+ million human beings in your fist is worth. Of course the idiots who run Wall Street will value this "precious resource" at Billions of Dollars. That's the only thing the internet means to them: A way to track people, get at their most private data, to then mine that data to devise new ways of selling goods and services to them. ----------- It isn't Facebook that's being valued here. Its "US". The IPO will put a dollar price on what the private data of X million FB users is worth.-------- Someday Facebook will face a serious downturn just like AOL and Yahoo!, and maybe disappear from the internet landscape altogether. That day can't come soon enough considering that the only thing FB trades in is other people's privacy.
Why did the chicken cross the road? Because Elon Musk put an AI chip in its head.
Zuckerburg already allowed my app on his page, so I've already got all the info of him and his friends.
So what? Just rich people helping to make the 1% even richer. The money that's involved here could really help millions of people with hunger, AIDS and cancer research, infrastructure, homelessness -- you name it. Won't happen because the 1% have to have their houses, cars, fur coats, and other detritus to prove they are successful. Sheep. All of them.
In the real estate biz FB means "f*cked buyer" like a guy who bought at a multigenerational top of a housing bubble, or a guy trying to do landlording from another coast, or a guy stuck paying two mortgages because the old house won't sell, guy who bought without contingencies/no inspection and got screwed, guy who believed the lying commissioned real estate agent when she said there were multiple offers so he should raise his bid but there were no offers (she tried that on me and my wife, I laughed at her) etc. Basically a loanowner who didn't get the house he was expecting. Makes all the comments "FB this" and "FB that" sound much funnier.
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
That's 32 years to the day after the Mt. St. Helens eruption.
For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
Bubble goes pop.
Facebook's ad business isn't very (or so some claim) because of the way they target ads (like TV ads) so expect a lot fo change (again) in Facebook's policies.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/02/businessinsiderfacebooks-lousy-ad-b.DTL
Your Facebook ID becomes the way you pay for everything online and offline. Long-term, one of Facebook CEO Mark Zuckerberg's goals seems to be for your Facebook ID to be your ID everywhere. Given smartphone adoption, you can imagine this happening online and off. If that were to happen, the easiest way for Facebook to make money would be to facilitate offline and online transactions. Potential: PayPal, part of eBay, has an enterprise value close to $20 billion or so. Visa has a market cap of $100 billion.
Read more: http://www.businessinsider.com/facebooks-lousy-ad-business-is-making-its-ipo-is-looking-hairier-by-the-minute--heres-why-it-doesnt-matter-2012-5#ixzz1tkK42pqr
"If any question why we died, Tell them because our fathers lied."
Is it being done on a Friday so the after market people will be able to make a bundle?
Paul: Father... father, the sleeper has awakened! - Dune
Thanks, clipped to Evernote in my "real estate transactions" notebook FFR.
I had that experience, where a house was listed at X, but was told that really it was X+delta close to X itself, because there was bidding war in progress. We walked away right then, and the realtor trying it on us then tried to backpedal, whereupon I told her "You're playing games with us, and because of that, I won't buy this house at ANY price, because I will assume any offer I make that you or your client find acceptable will screw me." It's a form of bait-and-switch and I won't play that game... but a lot of people "fall in love" with a house and have to have it. I guess I've had too many houses in my life to really get that attached to them.
We all know how this will go. Initial investors will get in on this sucker nice and low. Then the unwashed masses and people with visions of a google type skyrocket jump in only to see the price freefall once the investors pump & dump this thing. Stay far far away from it
Facebook is God's gift to marketing data. People willingly give their personal data to have their little ego sites.
Here's the kink: Most of that data is bullshit. And frankly, I love it. Here's an example:
This little old lady I know was told by her kids and friends (myself NOT included - I told her to NOT have a FB account!) to give bullshit data. She really wanted an account, so we insisted that she give enough for those assholes at FB to allow her to open an account. She had to give a cell number - it freaked the poor thing out.
You see, when she FIRST opened one, a neighbor down the street found out all this detail about her that she NEVER published on her FB page. HE then explained what a privacy violation FB is and how one can get all this info on someone with a FB account - GOD BLESS HIM! He SHOWED to her how FB can be and will be used for EVIL.l She saw the light - even though she needed an FB account to communicate with her family (so she says) - she put in bogus data.
Moral of the story, if you're a marketer and you're using FB for data mining pupsoses - AHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHHA!
Fuck you!
My landlord lives on the other coast and gets a big fat $1600 check every month from me and there's 3 other apartments plus 2 commercial spaces in this building...seems to be working out pretty good for him if you ask me...
I have a wager running with a friend. The wager is about how many initial shareholders will buy the shares.
Can anyone tell me how i could find out, how many shares were handed out per buyer (on average) during the IPO?
My wager is that less than a million buyers will receive shares during the IPO.
5/18 in Chinese rhythms with "I am gonna be rich". I am wondering if this has anything to do with Mark's girlfriend...
I thought everyone already moved on and the only people on facebook were slack-jawed farmville players.
for something that isn't worth a goddamn thing
god I hope this shit tanks, suck my balls Mark Fuckerberg
"I disapprove of what you say, but I will defend to the death your right to say it." - Evelyn Beatrice Hall, re Voltaire
I'll give the company $1 for the whole thing. Matter of fact, I consider it a liability. They would need to pay me to take it off their hands.
If you are not allowed to question your government then the government has answered your question.
Ah thats boring. /.er you're pretty respectable, but some renters... are not. you can really work a guy across the country...
Wait until it gets exciting, like plumbing leaks, or roof needs replacement.
For extra fun, imagine court case involving the rental property. Or insurance claim (storm damage, etc).
Another good entertainment is local code enforcement.
Finally I'll assume that as a
Now there are property management companies that will take care of these kind of problems... for a fee, often rather high. Your $1600 check is nice, but until you factor in the costs of ownership, prop tax, maintenance can't be deferred forever especially if its rental property, repairs, mortgage if any...
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
From the list of risk factors:
29. Viruses, hacking, phishing and malware. Oh my.
At least someone has a sense of humor.
Sure, but your other coast landlord probably has a $2300/mo. mortgage.
Oops!
It not just cash flow... its POSITIVE cash flow that make him unFBed.
This sig is not paradoxical or ironic.
You can read the read hearing and get a lot of the info (check for links upstream).
P/E implies we know the Price and Earnings.
We don’t know the price (because it has not been priced), but the private stock has been trading at $45.
Earnings were a even billion in 2011. The red hearings says about .43c per share after the sale.
So I would guess P/E = 105 with a wide range of error.
Yeeeeah. Well, um, thanks, I guess, for the update on the minutia of the real estate market, as well as confirmation that the people in said market have all the creativity of a slab of concrete and the sense of humor of a combination NASCAR fan/NRA nut. The anecdote you provided will be very... um... "amusing" in this context.
None voting shares, no reason to hold. It will plumet fast after the IPO, the only people that made money on this are the existing holders cashing out on IPO day.
That's great. But to most people, FB means Facebook. Or fuck buddy.
But here it means FreeBSD or full buffer or file bloat or frag boner or fart beans or ...
Do you even lift?
These aren't the 'roids you're looking for.
I had that experience too. As a seller. Except we had multiple offers, and sold some 15k above asking, 35k above the first offer that came in.
We had a potential buyer walk away as well when they were told a bidding war was in progress...
The last car I bought also took nearly a month to close a deal as I and the owner offered and countered via his salesman at a consignment dealership. During that time, the car sat on the lot, and anyone who came to see it was told that although the car wasn't sold there was already an offer on it.
And backpedalling isn't necessarily because it is a lie, but because just because there is a deal in the works -- it could well fall apart, and you don't want to lose a prospective buyer.
If I'm looking at a house in a bidding war, and I put in a sub-asking price, my only real shot of getting the place is if everyone else fails to close. It -can- and does happen -- sometimes its subject to financing and it doesn't go through, or subject to a 3rd party (e.g. an out of the country spouse has to see it an like it before its finalized, and they fly in a week later and decide they don't want it...) but its not all that likely...
Point being, its not always a lie, and its really hard to know when it is or not. My advice... get a buying agent to deal for you. They can cut through some of that crap, and if nothing else, they can keep an eye on the property.
For what its worth, our selling agents tried hard to bring lots of people in at once... open house tours, etc to maximize the odds of multiple offers... that's his job as a selling agent. He earned his commission.
I wanted to advertise with Facebook because they seemed to offer the very exact pointpoint precision I needed to advertise what I was looking for and with geographical accuracy in the UK.
It turns out they only offer matching to interests and groups. There's no profiling more than that that I can see to me as an advertiser.
However, I still see adverts coming up that have been generated from the friends I associate with - gay holidays for example; they assume I'm gay. How are they doing this?
With the very basic advertising options I wonder how they are making their cash?
A blog I run for the wealth
Heh... Nice term. Meshes in nicely with the "shareseller" value term I came up with.
With securities in this day and age, you're looking to sell to the bigger fool than you- trying to ultimately find the bagholder for your stuff so you can cash out while the getting's good.
I am not merely a "consumer" or a "taxpayer". I am a Citizen of the State of Texas
http://www.urbandictionary.com/define.php?term=fb
What makes you think he didn't pay off the building a long time ago? Not everyone who owns property bought it at the peak of the real estate bubble after reading too much "Rich Dad, Poor Dad". lol
I've been reluctant to get a facebook account.
Is it really worth it? Is it too late for me?
Some of my friends work there. Should I bother interviewing if I don't actually have an account?
Actually it's in the NYC metro area and the neighborhood is getting gentrified and I'm worried they might kick everyone out and convert it to luxury condos but the good thing about them being off partying in Cali is that they don't seem to be paying attention to real estate market around here. So I guess in that sense they're fucked, in that they could be making a lot more money. With the management company taking care of everything even if they only made 2 or 3 grand a month off the property it's basically money for free as far as the owner is concerned. I don't think they consider themselves fucked but they probably consider people who have to work for a living as "fucked" though. Oh well, capitalism is the name of the game not workingism so like that "urban proverb" says: don't hate the player, hate the game...
One thing that has made every business news conglomerate is that Facebook has chosen the NASDAQ (NDAQ) for the IPO. This is great for the NASDAQ group they lost LinkedIn (LNKD), Pandora (P) and Yelp (YELP) recently. The latest IPO boom every market has been trying to sweeten the deal for technology and internet companies when Zynga (ZNGA) made its IPO it choose NASDAQ.
What does this mean for the NASDAQ Index with Apple (AAPL), Amazon (AMZN), Google (GOOG), Groupon (GRPN), Zynga (ZNGA), Microsoft (MSFT), Netflix (NFLX) and now Facebook joining then market index? With all these BIG technology companies joining the NASDAQ or already being part of the Index as long as they do good so will the Index. If a few of them should start to do badly so will the Index value. One of the major concerns is what if the technology bubble breaks again the whole NASDAQ market could tank. This is a major concern when a market gets top heavy with a certain type of business stock.
Facebook's IPO has been anticipated for a while and looks to be very strong and beefed up. With any social media company there is always concerns especially after the failure of Myspace. Facebook's revenue is derived from ads and games. Facebook has hung around longer, has a much better following and is biggest of any social media company to date.
I be leave myself that these tech IPO's have been the saving grace for the stock market and are adding to the rebound of our economy just like the Computer and PC industry helped our economy in the 80's and the dot com industry did in the 90's. Facebook is looking to IPO at $150.00 a share and I be leave it will sky rocket on opening day despite recent tech IPO's not doing great on opening day. Most investors and share holding are waiting for the Mark Zuckerberg to ring the NASDAQ bell.
http://thetechnologygeek.org/
We bought at the top of the real estate bubble. We were young and naive. They told us that a house was an investment, an asset. Not just the real estate agents, but friends and family. Now I know the truth. It basically ruined us.
You would be amazed how something like this will change your life. We consider the house a complete and total loss. You have to. It's worth 1/3 of what we paid for it, and we fully expect it to fall by another 50%. If it doesn't, we don't give a damn.
We are now putting 100% of our financial efforts into trading the stock market. To hell with the house. To hell with saving and being financially responsible. This is coming from somebody who, only 5 years ago, had absolutely no interest in making money. Now I am on a mission, and the goal is nothing less than 100% financial independence. I have already come to peace with the fact that I probably won't make it, but at the same time, I just don't care.
Does anyone understand what the P/E is anymore? Facebook will have earnings about 35 cents per share. That is a P/E of ~60. So an investor will need 60 years to get a return on investment assuming the share price and/or dividends pay out. And it is assured that FB will sell 2nd and 3rd rounds of stock so its P/E will stay high.
I almost feel sorry for Facebook, and their investors. FB only had $3.7 billion in revenues in 2011. And revenues are actually decelerating in 2012. The first few guys who buy the stock will turn around and sell it, perhaps making a huge profit. And of course, Zuckerberg is set for life. But at the end of the day, there will be a lot of poor stupid bastards left with FB stock at $hundreds per share in a company that reached its zenith in 2009.
As Eric Jackson in Forbes writes, "We will never have Web 3.0, because the Web’s dead."
Proverbs 21:19