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Facebook worth $104BN?
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Tanking so far today, currently down over 13%.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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worldtraveller wrote: »Tanking so far today, currently down over 13%.
DOH should have shorted at the weekend.
I'll bet the price is on a downward slope from here.0 -
All very silly, really.FACT.0
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The selloff in Facebook's shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO.
The company surprised investors after disclosing, just days before the initial public offering, that its revenue may be hit by more users transitioning to mobile platforms, where advertising is less proven. That prompted the analyst at Morgan Stanley to surprisingly tell clients that he was cutting his revenue forecasts for the company.
Reuters
It appears that this material information was allegedly only passed on to selective institutional clients. This could be a problem due to laws regarding selective dissemination.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
I'm trying to see whats happended here... was facebook 'misvalued' to start with, and do investors have any comeback on this or is it you pays your money and takes your chances?0
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I'm trying to see whats happended here... was facebook 'misvalued' to start with, and do investors have any comeback on this or is it you pays your money and takes your chances?
Basically it's caveat emptor (buyer beware) unless the sellers have material information that would make you think the company is worth less and they withhold it from you.
It's the same as buying a house basically.0 -
Just read this: http://www.businessinsider.com/exclusive-heres-the-inside-story-of-what-happened-on-the-facebook-ipo-2012-5 which is pretty disgusting if true.
(The gist for those who can't be bothered to read is that half way through the road shows, the underwriters became aware that FB was not going to meet its earnings & revenue targets but only told institutional investors rather than all investors. This is potentially a violation of SEC regulations and maybe investigated).0 -
Just read this: http://www.businessinsider.com/exclusive-heres-the-inside-story-of-what-happened-on-the-facebook-ipo-2012-5 which is pretty disgusting if true.
(The gist for those who can't be bothered to read is that half way through the road shows, the underwriters became aware that FB was not going to meet its earnings & revenue targets but only told institutional investors rather than all investors. This is potentially a violation of SEC regulations and maybe investigated).
I read it and it sounds like Rumour-Mongering at its finest to me.
I told you this was a screaming short though.0 -
Great. So now we don't just have insider trading, but insider not trading. I wonder if any of the shorting can be traced back to the firms (or their employees) with insider knowledge.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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UNfortunately gen, as I understand it. The share isnt shortable at the mo.0
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