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Yeah....been following that. 29.51 right now on the ticker. Interesting reading....now it looks like the morons at FB want facial recognition to log in......and they use any photo you've ever been "tagged" in to put your face into the system?
 
29.18, down today alone 8.7%. Going to be interesting to see where it actually stabilizes and when....and which pundit was closest.
 
TOC said:
29.18, down today alone 8.7%. Going to be interesting to see where it actually stabilizes and when....and which pundit was closest.
Click to expand...

Unless they anticipate a massive increase in sales (over the current $1 billion/year), the PE ratio would have to be more like 20 (from the initial 100)... and that would be a price of maybe $8/share!!!
 
I've heard a realistic number is $5 to $9.
Currently at 29, 9% down today alone.
 
Yeah, got the ticker on screen. I just did the calcs, it has lost, now, 25% from opening. You watch the spikes in activity, and the following drop in value, apparently as folks bail on the freefall.
 
28.7, down 10.03% today. Had a feeling we'd hit 10% loss at some point today.

There is only one stock I was ever interested in buying....and they were "privately held"....good thing I didn't, as they went through at least 2 bankruptcies.
 
What is really surprising is the NASDAQ page has shown this as "Bullish" sentiment all day. That means investor confidence and buying. I am not seeing that.
Other than two spikes earlier today, the activity has been a low raster for the last two hours, with prices overall falling.
The ticker is exactly 15 minutes delayed, so we won't know closing price for 14 minutes still.
 
$ 28.84 loss of 3.07 down 9.62% at closing.
15 minutes prior, looked like a small rally, then a sell off as price went up a bit. Saw several times more than 10% loss today alone in the last 10 minutes.
Crazy stuff.
Imagine dumping a million into it when it opened 11 days ago, now you have $750K to show for it.
 
And this evening, Zuckerberg has been de-listed from the top 40 most wealthy, because his stock has plummeted 25% since the IPO. Poor Boy.
 
It isn't "air". It's an advertising and media device. Depending on what you read they currently employ around 3500 people, but have been planning on acquiring facilities for as many as 6000-10000 US-based employees. That doesn't include the various companies and their employees that generate revenue by providing access to FB (ISPs, mobile device manufacturers, service providers, etc). No doubt they also have real estate and other properties to house their offices, servers, etc. Over the years they've acquired nearly 30 other companies, some were quite valuable on their own - they have assets.

Current estimates show they have over 400 million users online <span style="font-style: italic">daily</span>. Just like television, Facebook is primarily an advertisement-delivery tool and as such have value.

I'm not particularly a fan of Facebook, but it's hardly "air".
 
It has a place. Just not one on the enterprise LAN, IMO. The whole tech infrastructure is still evolving. We (generalizing here!) seem to want to accept at face value some of the developments coming down the pipe. It's not always as it appears, and can make IT folk frantic when some end user thinks nothing of hopping onto some link or other appearing on a social networking page... or for that matter, opening a social network account on a company workstation to begin with. Mobile devices are even more disconcerting. All-in-all it's a convenience vs. security issue and still being debated, developed and debugged.

One of my clients has posted a notice to employees explaining that THEY will pay the IT folks for time and effort to negate any issues arising as a result of their use of company devices hauling in malware.

Trying to balance security of data and convenience is a real ballet for an IT type. Facebook is just another bump in the road.

Value? Same as "beauty".
 
Doc :iagree:

Also have to admit I found the "CIA/Facebook" video hysterical!

I started another topic on Website Ad Revenue - to keep this thread on topic (yeah, right).

If FB users pay nothing for the FB services, where do FB ads fit in the revenue stream?

Onward through the fog!

Tom
 
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