What is on Your Mind?

Big day for FB. Did anyone manage to buy any of the IPO stock before the bell?

Facebook will soon join:
Netscape
MySpace
Atari, Commodore, ...
38 Studios

By the way, 38 Studios is in the news where I live since the company got a $75M loan guarantee from the government. But appears on the verge of going out of business.

You might be right! But at the moment, it has crippled NASDAQ and Etrade is too busy to even login, LOL

I wish you were right but I'm not too optimistic. It seems to only be getting more popular. What's your reasoning?

Back, 15 years ago, Netscape was the hot stock. There are always hot technology companies, based on exuberance, but not financials. And with a P/E ratio of greater than 100... no idea on how it will make money.
Most people use it, like it, but would NOT pay for it.
So, how will it generate revenue to make it viable?
Sure, some will get rich - those that sell soon.

I see what you mean... Suddenly it's a business, shareholders will demand profits whether that's a good thing for facebook's users or not. I remember when dejanews tried turning itself from a newsgroup search into a moneymaker, the transition was painful and brief and now they are gone.

I would like to be a gazillion-aire!