General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWell I hope no one here invested in FaceBook.
Maybe this will be the demise of FaceBook.
The people who put this scheme together on the financial end should be in trouble.
cthulu2016
(10,960 posts)I'll bet it is possible to run a website just fine with $60 billion... or $10 billion... or even a measly $1 billion
virgogal
(10,178 posts)wish I had invested in Google though.
teddy51
(3,491 posts)someone was shorting the hell out of it, or what? Sure glad I didn't have any money in it, thought about buying some but decided against.
Marie Marie
(9,999 posts)Now I have to join the underclass. Sometimes I'm glad that I DON'T have extra cash to invest in overhyped Wall Street bullshit.
johnnytoobad
(9 posts)Warren buffet"no way to find true value"---- reports state that Facebook made no money on the deal,the initial investors sold shares. when this happens the people who buy in are left "holding the bag". that statement is true when the stock is down 15% from ipo price.(this is tues. 5/22). facebook is not expanding,it(growth) is slowing and may become stagnant. when you depend on people to give you information to make money your business model is in trouble. feel bad for those that got suckered in, i lost money in the internet bubble burst. i was here but i disappear
teddy51
(3,491 posts)worth the paper that they are written on.
Cayenne
(480 posts)Yahoo should have taken Microsofts buyout offer. Yahoo! will be around for years yet but it is no longer an industry leader; they've topped out. Likewise Facebook will top out because they are not going to create anymore markets.