Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In IPO Roadshow

John

Hardcore MB Enthusiast
SUPPORTER
Joined
Mar 3, 2011
Messages
13,039
Location
Daan Saaf
Car
W222 S500L
Whoops.

I wonder how that will pan out...
 

ss201

Active Member
Joined
Aug 29, 2009
Messages
920
Location
Near Lancaster UK
Car
190E 2.6 Sportline, W203 320 CDi SE Estate
Well - if Goldman Sachs were involved - nothing would surprise me. Remind me again which bank advised the Greek Government on how to "massage" the books before submitting their entry into the Euro....wouldn't have been this bunch of bankers, would it?
 
D

Deleted member 37751

Guest
Facebook as an investment is the same as investing in snake oil.
 

Igurisu

Active Member
Joined
Jul 20, 2011
Messages
680
Location
Lancashire
Car
911 Turbo
Facebook as an investment is the same as investing in snake oil.

Have to agree, I just can't understand/agree with investing in companies that don't have a tangible product or assets (by tangible I mean things that I could touch/pick up/sell).
 

DITTRICH

MB Enthusiast
Joined
Apr 16, 2004
Messages
1,723
Location
London
Car
S205 C200SE & W202 C230K
Facebook is just a way of:-
1 collecting marketing information about people.
2 targeted advertising to people
3 charging businesses for accessing the people and information
In short it is just a big old fashioned mailing list, abeit one with a higher hit rate.
Putting information into Facebook is mainly wasted time imho.
 

artyman

MB Enthusiast
SUPPORTER
Joined
Mar 4, 2011
Messages
2,488
Location
Hampshire
Car
C 200 CDI Sport
So a lot of greedy people who expected to make a killing with the expected demand for shares after allocation, have been dissapointed. As Windsor Davies used to say, "There, there never mind"
 

Satch

MB Enthusiast
Joined
Nov 24, 2003
Messages
3,508
Location
Surrey
Car
S211 E320Cdi Avantgarde Estate & Toyota Land Cruiser
Suckerberg himself said this was all out allowing staff and "early investors" to cash out. He had no interest in this IPO so left it all to those who very clearly had highly vested interests. The outcome was inevitable.

Take no notice of the share prices over the next few days, all about late settling trades and short sellers covering their positions. Give it a week or two and the true value of Facebook shares will become very, very, clear.

US politicians have already jumped aboard the "How can this be?" bandwagon and the only winners will be law firms who specialty is US Securities and Regulatory issues.

The only surprising things are that (a) anyone thought they could still get away with this sort of nonsense and (b) retail investors are still idiots.
 

fatdazza

Active Member
Joined
Feb 20, 2010
Messages
438
Location
Cambridge
Car
Vauxhall Chevette
Wasn't there a saying about "a fool and his money are soon parted"?

Seems very apt in this case, only there apppear to be a great many fools out there:rolleyes:
 

st13phil

MB Enthusiast
SUPPORTER
Joined
Nov 6, 2007
Messages
9,387
Location
North Oxfordshire
Car
His - Denim Blue A220 AMG Line Premium / Hers - Obsidian Black R172 SLK55
The only surprising things are that (a) anyone thought they could still get away with this sort of nonsense and (b) retail investors are still idiots.
True enough, but you missed one: the biggest surprise is that anyone is surprised :rolleyes:
 

mightymouse

Active Member
Joined
Oct 30, 2007
Messages
133
Car
W204 Facelift C220CDi
This might just be a sham to get mark to offload more shares and to dilute his voting right. I read today he started to sell his shares too
 

Users who are viewing this thread

Top Bottom