Facebook just opened at $35.00, down -$3.23
 

it's just the opening of the trading day, but dayum! :1orglaugh

People will lost money if something dont pop instead social buzz :D

Looks like the underwriters are making another stand at $35 right now.

The underwriters/banks are propping this stock up..but it will be in free fall this week...it's over guys..Facebook just shit the bed.

Looks like the underwriters gave up the $35 floor and made their new mark at $34. Very fast change of strategy there. Must be a ton of pressure on it downward.

11% in a few mins - Ouch

gonna be a fun day of viewing it looks like.....

ouch.... but doubt anyone is surprised...

I assume all the people who bought between 38 and 44 are!

down to 33.00, almost 14% of it's value!

lol, never bought never will :2 cents:

well, probably some of those guys who bought in the IPO are a bit surprised how fastly they lost money ...
as i wrote already here, Facebook will be used in the future as prime example that nothing has changed on the Wallstreet after the financial crises and they will sell whatever shit with straight face, while trying to legitimize insane over-valuations...

There is no way I would have bought at 100x earnings. APPLE sells at 15x earnings and they actually have a change to really increase revenues, but FB doesn't. Major advertisers pulling out due to lack of ROI, china not allowing it, bad geo location on the ad-serving....



I can't believe anyone bought this...



.

Stocks dropping like a lead weight..

$20 by end of the week? now that would be good laugh

It proves the old addage that shit happens.

their still rich

:thumbsup:1orglaugh:1orglaugh

Wouldn't touch that stock with a pole. Some of my friends bought and I told them to wait a few weeks to see where It settles but oh no they were gonna make a fast 20-30% profit :upsidedow

The big boys are selling short. As usual.

:1orglaugh:1orglaugh

I wonder how much the underwriters are down as they try to keep the stock proped up.

It will bounce back and forth before Friday. You will see chunks go, then bought up. I say at about $29 and then jump back to around $39. Maybe a rally before Friday, dependent on whatever the hell happens in the news with the rest of the stock market.

I honestly think it's just too early too see it tank off the deep end. People may be skeptical, but still intrigued. I predict a ton more public appearances by Zuckerberg, attempting to instill confidence into the investor.

:1orglaugh:1orglaugh Love that expression.

.

they overvaluated it. I think it will settle in around $25-$28 and stay there for awhile until they find a way to monitize their advertising better.

$ 33.678 -11.91%

Fair enough, and it makes perfect sense. I just feel that savvy people (investors) realize that there is a shit ton of traffic there, and Zuckerberg realizes it. He has yet to bring FB to it's full potential monetarily wise. He knows it. He has been sucking in traffic for years now before it (advertising) becomes a major imposition on the end user.

It's a matter of when and if they choose to change, will people accept it? Myspace v2.0... scary ground people are treading on.

It might be wishful thinking, but I doubt that's gonna happen. I think smart money dislikes FB and stupid money does less investing.

:2 cents::2 cents::thumbsup

You can't short it for another week.

I don't know anything about stocks, but it seems that every time there is a new Internet stock it totally crashes. What is the last new Internet stock that went well?

facebook is the new FFN...

Poor FB at 33.71

Do you think it will hit some kind of low and then guys will buy it up? Bounce it back and forth? a buck or two up, then down... rinse and repeat?

http://img.gawkerassets.com/img/17n0...png/xlarge.png

Being rich is so much better than being not rich :)

Bought some stock back in the 90's at about $26. It split about 6 yrs later. Today it's only around $4.50.

These things can happen sooner or later.

linkedin doing well so far http://finance.yahoo.com/q?s=LNKD&ql=0

I did not know that.

cool biz :P

Some analysts' target price for that stock is $30

Personally, I think it is more around $10.

A 100 P/E ratio at $38 is just WAY WAY too overpriced

Considering that the EU problems in Spain, Italy, and Ireland (Greece is too far gone) will probably ROCK the stock market soon.

Also, China is slowing down.

The world's in for a rough ride for the second half of this year and FUCKING AROUND with FB stock is the least of its worries.