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Did You Buy any Facebook IPO Stock at $38 a share?

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The Lounge What is on Your Mind? Did You Buy any Facebook IPO Stock at $38 a share?
# 1  
Old 05-18-2012
Did You Buy any Facebook IPO Stock at $38 a share?

Big day for FB. Did anyone manage to buy any of the IPO stock before the bell?
# 2  
Old 05-18-2012

Facebook will soon join:
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.
# 3  
Old 05-18-2012
You might be right! But at the moment, it has crippled NASDAQ and Etrade is too busy to even login, LOL
Did You Buy any Facebook IPO Stock at  a share?-screen-shot-2012-05-18-101234-pmpng
# 4  
Old 05-18-2012
I wish you were right but I'm not too optimistic. It seems to only be getting more popular. What's your reasoning?
# 5  
Old 05-18-2012
Just a flash-in-the-pan

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.
# 6  
Old 05-18-2012
Originally Posted by joeyg
Most people use it, like it, but would NOT pay for it.
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.
# 7  
Old 05-18-2012
Can we take public?

I would like to be a gazillion-aire!

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