So is Facebook really worth $38 a share?

[TeyshaBlue]

I don't think they will be able to hold it another 16 minutes. I'll bet they break 500 million shares traded by the close.

526,962,912 right now.

[CosmicCowboy]

somebody is throwing some serious scratch on the table just for their ego.

[TeyshaBlue]

30 - 50k shares/sec!

[Goran Dragic]

I don't think they will be able to hold it another 16 minutes. I'll bet they break 500 million shares traded by the close.

They'll prolly be able to hold it for today but good luck for tomorrow after every news source imagineable has the rest of the day to put their own spin on underwriters needing to prop the stock up.

[baseline bum]

What the is this going to be trading at by noon Monday?

[mavs>spurs]

What the is this going to be trading at by noon Monday?

24 dollars

[CosmicCowboy]

You can tell they have the computer set to buy whatever is offered at $38

[CosmicCowboy]

What the is this going to be trading at by noon Monday?

No . Everyone is gonna go home over the weekend and have a chance to absorb that it ain't all it cracked up to be and I'll bet it opens down right off the bat Monday.

[Goran Dragic]

Wow I just realized today is Friday.

The media has all weekend to stur up panic about the underwriters buying shares back

[baseline bum]

Closes at $38.37.

[FuzzyLumpkins]

Does the offer include dividends at least?

[Goran Dragic]

Does the offer include dividends at least?

rofl the whole point of an IPO is to raise capital.....companies that need to raise capital aren't paying dividends. Especially ones like facebook where shareholders expect re-investment of earnings and high growth.

[CosmicCowboy]

Looks like a powerful initial offering customer @ $42 dollars just shoved a big block of shares right up the underwriters ass...FB was cruising along in after hours trading just a hair over $38 and all of a sudden there was a big sale @ $42 and then it dropped right back to $38.

http://quotes.wsj.com/FB

I don't ever remember seeing a chart like that...

[FuzzyLumpkins]

rofl the whole point of an IPO is to raise capital.....companies that need to raise capital aren't paying dividends. Especially ones like facebook where shareholders expect re-investment of earnings and high growth.

IPO's traditionally trade shares with dividend expectations for cash. thats how it typically works. Dividends are paid out over time whereas the cash is paid out front.

Your post is about as well though out as your racist diatribes.

[CosmicCowboy]

Damn. Just did it again...

[CosmicCowboy]

IPO's traditionally trade shares with dividend expectations for cash. thats how it typically works. Dividends are paid out over time whereas the cash is paid out front.

Your post is about as well though out as your racist diatribes.

This is incorrect, especially tech growth stocks. Many stocks don't pay dividends and the shareholder is rewarded by capital gains in the value of his stock.

[FuzzyLumpkins]

This is incorrect, especially tech growth stocks. Many stocks don't pay dividends and the shareholder is rewarded by capital gains in the value of his stock.

Now they don't and as you say especially with tech stocks. Another trend pioneered by Jobs. Thats why I asked. Its called uncertainty.

So anyone have the answer to my question?

[CosmicCowboy]

There have now been a couple of wild after hours block trades @ $42 with an immediate bounce back to $38....crazy .

[CosmicCowboy]

Now they don't and as you say especially with tech stocks. Another trend pioneered by Jobs. Thats why I asked. Its called uncertainty.

So anyone have the answer to my question?

I actually thought he gave you a good answer. Don't expect any dividends from FB any time soon.

[CosmicCowboy]

Holy . It really looks like someone is buying back shares from pissed off customers.

[DarrinS]

I have never used/been on Facebook.

[TeyshaBlue]

Holy . It really looks like someone is buying back shares from pissed off customers.

In huge ing buy orders.

[CosmicCowboy]

Seriously. Some of you other guys that understand the market check out that chart...either the computer is going nuts or there are a bunch of after hour block trades getting executed at $42 when the markets at $38.

[Goran Dragic]

IPO's traditionally trade shares with dividend expectations for cash. thats how it typically works. Dividends are paid out over time whereas the cash is paid out front.

Your post is about as well though out as your racist diatribes.

Yeah, cash dividends aren't expected with facebook anytime soon. No , investors expect facebook to ultimately start paying dividends, but there's no promised dividend with this IPO. Your post sounds really uninformed and re ed.

[FuzzyLumpkins]

Yeah, cash dividends aren't expected with facebook anytime soon. No , investors expect facebook to ultimately start paying dividends, but there's no promised dividend with this IPO. Your post sounds really uninformed and re ed.

A question sounds uninformed? That was very insightful oh ye assessor of intelligence.

And actually as CC pointed out there is a trend in tech stocks to offer no dividends whatsoever so who knows what investors will 'expect.' This isn't the 1960s anymore even if CC sounds like hes a little girl at Shea everytime the first few bars of a song are played.