Apple actually has a product and a consistent pipeline. Facebook gathers data on people who use facebook....big deal. Everyone that will use facebook is using facebook and a buying decision from a consumer will still require more than when they potty and what food network recipe they like. I used FB for a few years and past reconnecting with a few old friends found it to be a huge time wasting distraction. I never clicked on a single ad, not once. So an interested party could know my web habits, good luck turning that into cash. SOLD!
People go to Google to find things , they click on the ads that pop up because the ads relate to their search.
The ads aren't working for FB as well as ads work for Google. General Motors cancelled their ads on FB yesterday saying they weren't cost justified.
When I was a young fella , companies went public to raise money to expand a profitable enterprise. Today companies go public so that the founders and Wall Street can cash out at the retail customers expense.
Some things really were better in the old days.
I know I certainly was...
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
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Hi @shodson haven't seen you lately, great idea. I'm sure there are some pretty sweaty pale skinned programmers hoping this IPO actually works! Put me down as a buyer, 1,000,000 shares @ $.01 "fill or kill" and I'll exit @ MOC.
Most people on facebook hate facebook. I think this presents some long term problems for facebook. I hope it runs into the stratosphere then once they allow shorting and options could be a good short. I will only short it with options though. I saw a stat the other day that basically said facebook makes around $4 per subscriber on ads. But to justify IPO valuation they need $200 per subscriber. $200 per will never happen.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Today there are more fools than in the old days. That is the fault of the old fools.
All those fools want to spent their money, and the founders and Wall Street are only cashing out to help them.
In fact it is a benevolent deed to take the money of the retail customers, as they don't need it, and also the money can be now be used to faciltitate quantitative easing and maintain the gambling departments of the large banks.
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