Totally Agree.
I personally believe FB is overpriced…and the market is already saying that!
I think we are getting our answer - BBC News - Facebook shares drop below flotation price
"Shares in Facebook have fallen in early trading on Wall Street to below the price at which they were floated.
Despite the wider market in buoyant mood, Facebook slid 12% immediately at the opening bell and were still 11% down at $33.92 more than one hour into the trading day."
Imagine investing fortunes into a company on the hopes it will be a hugely successful venture long term… and having allocated funds to this said company and never seeing a return… until the day you as a share holder see its IPO open at 38 bucks a share… think you’d sell your shares in a hurry? Hmmmmm :33:
Before I start, I’d just like to say to AsianPersuasion that I am in no way whatsoever having a go at you, it’s just that you brought up the subject of affiliates. That sais, here’s my 2 cents on the subject of Facebook.
Facebook is a very important tool, along with Twitter, tot he Internet Marketing community. Hundreds of millions of potential “customers” gathered together in place, all the hard work done for you, all you need to do is put your “product” in front of them, add in your marketing skill as a sales letter writer, and it’s an ideal way for internet marketers to make a coin.
I’m not knocking that, after all, at the end of the day, we’re all just trying to make a few sheckles now aren’t we ??
But here’s the thing, Is Facebook worth $66 Bln? Internet Marketers are not stupid people, how many of THEM bought shares in their biggest Marketing tool? Now that would be an interesting stat to see.
There is a fundamental difference in the way that people use Google and Facebook, when you are searching for stuff using Google you are primed to buy something, when you are using Facebook, you are socially networking, you are not in buying mode, so the value of an ad is very different, they need to be very careful, otherwise their users will get fed up with being bombarded with adverts when you just want to keep in touch with friends, and will people want to let on to their friends what they buy online, might be ok for some products, but others???
And how much useful data do they actually have about you? An email address and what your relationship status is? I think it’s much more valuable to be collecting data about what you are actually searching for at any given time, be it anonymous or not. Looking at your friends picture on Holiday in The Bahamas, a holiday advert on the corner of the screen has no value, you may even find yourself clicking on it, just to peruse, so maybe initially they may get advert revenue as Google do, but it won’t be as sustainable since their customers conversion ratio will be so much less.
It’s just another vehicle for the bankers to rip off money from the public, and it’s so blatant, they started doing it from the open of the second closing day, I’d bet that the banks that floated the shares are shorting it like crazy, they just can’t wait to cash in.
Iceberg!!!
Straight ahead!!!
I use facebook to keep in touch with friends. The other fb features are too dam complicated and Facebook it is just too frivolous for me to risk my money. Also Suckerberg is too smug for me to trust, does not inspires me confidence. A final word: remember the .com bubble.
I left FB once in protest, lasted about 8 months until family and friends wanted me back “in the loop” for events and such. I too would pay even $1/month, as 400 million a month in revenue would seem like it should be enough…
There seem to be a lot of people (general public) who think it is a no brainer that FB will be a great stock. Media has by and large regurgitated that possibility by making it huge news. “Hey, look at Google! Look at Apple!” So therefore a dominant tech company like FB must only follow suit right? The only issue I see is that Google was early in it’s growth, and Apple had been a stock for quite a while. In each case an explosion of market share awaited. Facebook is already the dominant force in it’s market (English social networking site/profile). Yes Google was a popular search engine, but they caught the ad market on the way up. People saying Facebook needs to use ads better doesn’t understand that’s like saying they need to get on the dotcom train. Facebook needs to create something of the next level, because profits won’t come by competing for market share with Google.
Google did ads better.
Apple did personal devices better.
Facebook…
The story is as old as Wall St. The stock was over hyped and is worth no where near that offer price. Try the 25-28 range.
They have huge huge amount of returning users on daily basis. But they monetize only fraction of its users(people and companies that use facebook for business). There is definitely huge potencial for making money of all of their users, but the problem is that fb users expect facebook to be nonprofit organization. But i think sooner or later facebook will become much more commercial than it is now.
You nailed it, when was the last time you went to Facebook to search for some product or service? Facebook is a time waster, people go there to socialize and read about friends activities and see their photos. And besides the number of people going on Facebook is doing it on their mobile phones which have little to no space for ads. Facebook may be able to connect advertisers with the most accurate demographic but the question is the customer in the mood to buy. That is the difference between a google ad versus a Facebook ad, its a waste of money to advertise on Facebook, why do you think GM pulled out their ad campaigns on Facebook, its because Facebook does not convert to customers not like google.
Clearly Facebook is not worth $100bn - BBC News - Facebook shares fall again as flotation concerns emerge
So that’ll be around $10bn been made by unscrupulous banks and traders, it has just been used as a vehicle to steal peoples money - simple as!
Is there a Forex angle to this thread that I have missed?
hahaha facebook sells your personal information to marketing companies then turns around and sells shares not worth anything. zuckerberg is an evil genius!
And when you add the thought that he hacked part of the original software, stole the idea from other classmates, and used borrowed money to start it that he never paid back, he’s even MORE of a thieving cad.
Yes ST, it’s a $100bn - it’s money! or rather about $85bn as we speak probably 