The stock's gone down 30% from its IPO price. Most people couldn't short it then, but if you did, you would've had a nice return, as I predicted. It still has room to fall. It's $25-26 now, I see $20 tops within a year from now.
Facebook Going Public
- Thread starter thegmanifesto
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babelfish669
Kingfisher
Under $50b market cap, Facebook will be a good deal. Under $30b and I will start buying.
What do you guys think about going long Facebook now?
Facebook Is Losing Millions Of Users In The US And Other Mature Markets
http://finance.yahoo.com/news/facebook-losing-millions-users-us-110108858.html
http://finance.yahoo.com/news/facebook-losing-millions-users-us-110108858.html
The main reason why facebook isn't going to go up in value is that there just aren't that many real users. I'd estimate roughly 2/3rds of the accounts are clone accounts (multiple accounts). Sort of like how on the first page of the okcupid thread people talk about making 10 to 20 accounts of hot chick females who like star wars, and then respond to all of the guys with one word answers, while they try to game the genuine hot women, but worse.
Some of the guys in serious guilds that play mafia wars and other games have dozens or even hundreds of cloned facebook accounts(use a free email site like hushmail to set up the account) and play them all as gaming accounts all day. I think facebook as a stock is severely overvalued because there aren't as many real users as they are telling their shareholders, for all of the reasons I just said. In 5 years, it may very well be like the graveyard that myspace is now.
Some of the guys in serious guilds that play mafia wars and other games have dozens or even hundreds of cloned facebook accounts(use a free email site like hushmail to set up the account) and play them all as gaming accounts all day. I think facebook as a stock is severely overvalued because there aren't as many real users as they are telling their shareholders, for all of the reasons I just said. In 5 years, it may very well be like the graveyard that myspace is now.
To all the naysayers on this thread about FB.
4 years later FB stock is now at $95. So much for all the negative predictions.
I wish i jumped into the IPO right away.
Was anybody here in it?
.[img=800x600]http://oi68.tinypic.com/9jhg11.jpg[/img]
That would have been the perfect timing in 2013.
4 years later FB stock is now at $95. So much for all the negative predictions.
I wish i jumped into the IPO right away.
Was anybody here in it?
.[img=800x600]http://oi68.tinypic.com/9jhg11.jpg[/img]
thegmanifesto said:
That would have been the perfect timing in 2013.
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