could be up 50%.
I don't see any ing way it's worth that much. If it opens at $38 this morning, where do you think it will be when the bell rings this afternoon? I'm thinking down at least 10-15%...
could be up 50%.
I think you underestimate how much Facey is worth and ultimately how powerful it is
Off the fundamentals, I agree with you, not worth that much. But today isn't about fundamentals it's about hype. So I'll take the "over" on FB closing at $38.
But where does the revenue come from?
Having access to an unprecedented customer base? How does Google make their money? Google started out as a search engine that was the best and a huge user base. They branched out into other things but it all started with having a dedicated base of customers that keep coming back to your site and Facebook has that and then some.
orders have been placed since 2 weeks ago. might not be able to get it for 38 from the get go.
Checked your myspace page lately?
If it's such a good deal, why is 60% of the stock being offered being sold by insiders?
Dude...it's gonna be a steal @ <$50.
The entire quandry about Facebook's worth perfectly summed up in two posts.
Myspace was never anywhere near Facebook numbers and they certainly didn't last nearly as long. Myspace came up at pretty much the same time as Facebook started. They came up in 2003 and Facebook came along about 6 months later. Yet Myspace hasn't been ahead of Facebook in about 6 years or so. They were a flash in a pan while Facebook has been going strong for nearly a decade now and they almost have a BILLION users. A ing BILLION CC.
BILLION.
overpriced bull
when all is said and done nobody will make money off this except the ubber rich
Aside from both being social networking sites how are they compareable? Would you say that McDonalds is worth a lot less simply because of another fast food company who went out of business (although technically MySpace is still in business and they still traffic a lot of web businesses would love).
ultimately it ain't worth a lick. but we'll find that out in years to come
the site is as good as long as the users remain. Nobody really can control when the users will start leaving for other pastures. But it will happen. it will happen.
BTW I heard 80% of the users are worthless 3rd country folk
Do you guys realize that this is not some gimmick business? They're already making billions off of advertising money and their data collection on their user base is pretty much only comparable to Google.
So you're telling me that the business is only good as long as the customers keep coming back? Holy Che, you must be some kind of business major or something.
The Facebook users are not the customers. They are the goods.
A bird in the hand is worth two in the bush. A lot of the employees aren't rich and have been waiting for this IPO for a LONG time.
I just find it hard to label a business who has 900 million users and is already making billions as nothing but hype.
The goods are the services Facebook gives to its users. Its customers. It has more than one customer base but to say that the users aren't customers is flat out stupid.
The share price isn't as good an indication as the full IPO which last I checked was around $100B. I had to do a projected cash flows analysis for facebook's IPO in a class last semester and in order for facebook to truly be worth $100B, it needs ridiculous revenue growth in the next 10 years which I don't see.
Facebook plans to make the real money off selling user info and access. To the big companies which are its main customers.
I don't believe Facebook is making any money from common users or will anytime soon.
that depends on the share price.
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