A letter from Mark Zuckerberg about Facebook IPO.
MENLO PARK, CA (The Borowitz Report) – On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:
Dear Potential Investor:
For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.
Tomorrow is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?
For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.
Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.
Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.
Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.
One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.
Friend me,
Mark
http://www.borowitzreport.com/2012/0...rk-zuckerberg/
Already back to 38 going straight down. Looks like all the ins utional early birds are taking their quick profit and getting out.
Bounced back at 38 bottom...looks like the retail mom and pop orders are providing support. This is interesting to watch.
Back up to almost $40
LOL dropped about $.50 in the minute since I posted that.
Seems to be settling in at that $38-$40 range. I'm kinda surprised the market's agreeing with the IPO price.
Still too early to tell IMHO. There was a lot of pre-order froth on this one.
In.
You're braver than I, but best of luck to you sir.
Damn. Other social media sites are taking a in the market. Zynga just popped the circuit breaker.
Not sure what to make of that. Just a bunch of social media stock lovers dumping their shares in the others so that they can get in on FB?
Holy ! FB has already traded 250 million shares. To put that in perspective when Google went public they traded 101 million all day.
I made a nice sum on GM by buying right before the bailout. I just rode the rumor for a couple of days and made about 30%. I didn't bet much on it either, tho.
I made some good money on GM too, back in the early 2000s before they got themselves into trouble. Haven't been back though. I keep an eye on Ford, but haven't pulled the trigger on anything as of yet.I made a nice sum on GM by buying right before the bailout. I just rode the rumor for a couple of days and made about 30%. I didn't bet much on it either, tho.
WSJ just reported that FB bottomed at $38 because the underwriters bought it to stop the free fall.
It's gonna bounce like crazy with margin swings +/- of 10%. It'll settle in and climb.
Damn, 275 million shares traded so far. Looks like the retail buyers like Teysha are piling in.
"It's gonna bounce like crazy with margin swings +/- of 10%. It'll settle in and climb."
ing robo-trading algorithmic bull .
Looks like the underwriters picked $40 as ground zero. There was huge volume at $40 when it started to slide back earlier.
Probable...and a reasonable floor.
Yeah...looks like $40 was the 1yr target estimate.
Facebook is going to increase their revenue on massive advertising and licensing deals, or it won't increase it at all. They have a popular platform, but now they'll have to deal with shareholder pressure to increase those revenues every quarter/year.
That's why Google didn't pull the plug on plus yet, even though so far it has been an epic fail. The Facebook experience is about to change considerably (and will likely be brought to you by Procter & Gamble).
Good grief. ZNGA is getting raped.
Yup. Welcome to "shareholder value".
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