now the SEC wants to 'investigate' - yeh this will go far.
I have a friend that bought the open too. Did not know she was going to do it.
Sold at open td. Brokers scored, friends are broker.

http://money.msn.com/technology-investme....

Also, isn't there a requirement that officers of the company retain their stock for a period of time, and that it is public knowledge when they sell (jump ship,etc)?

My brother was CFO for a wireless company when it went public in the 90's. In one day he went from doing okay to having a book value north of $50 million.

Now, if it were me I would have cashed out that day, bought a Ferrari and been good friends with umbrella drinks. But he told me he was required to retain his stock for two years, and even then there were restrictions on selling.

As the stock came down from a high of $80 it settled to something like $4 before he left the company. Now he still had a house on the ocean in La Jolla but that was quite a difference.

I'm assuming Suckerberg is going to face some type of sheering also, right?

Well give Zuckerface a break.

He "lost" $2 billion today.

Look at This !!!!!!!!


http://maxkeiser.com/2012/05/22/facebook....

Zuck is now the markets bitch and will go from wearing hoodies to Armani trying to convince the sheep to invest in his ****.

He will go from developing/innovating to slashing staff to puff up the numbers.

I will never understand how a company that sells advertising for a living got this valuation in the first place.

Quote:

Call me when you've got a Google Adwords campaign to compare it to. Bing. What a useless piece of crap.

Nothing beats our Google adwords and good SEO!!!

facebook will be bought out for peanuts...everythings going according to the plan IMHO

I talked to my one brother earlier.(Worked at Lucent in the 90s, dumped his stock when it hit $80 and made out quite nicely). He has a cycling friend who was hot and heavy into the idea of buying in to the tune of $10,000 by borrowing against his one life insurance policy. My brother finally reeled him in and his friend decided not to.

This afternoon, that friend brought him a brand new $800 Motebecane for saving him thousands of dollars.

Thing with FB is that one can use it in many ways.

Last fall, with all the wacko weather and stuff, the best way to get real time updates on road conditions etc was (at least around here) to monitor the FB pages of the local first responders and highway departments.

I also keep track of local farms and events through FB. It is the essence of viral, unleashed.

How that's translated into profits for FB, we'll see. But, meanwhile, it is a manipulable means for interconnectedness on a personally defined level that is unique.

What's that worth as a company, we'll find out. Who would have thunk that Amazon would translate volume into profitability (maybe) over time.

"I also keep track of local farms and events through FB. It is the essence of viral, unleashed."

Like everything else on the Internet, the innovation becomes the utility after just a few years.

FB will be absorbed in to the Internet and just be another sort of function on your phone or desktop.

One that costs little and makes little money.

So this ability will be there, but it won't be 'owned' by FB.

It's already happening with tools like Diaspora and opensocial. Pretty soon any app in the Universe will be able to link all these friend networks (Yelp, Soundcloud, FB, Google, etc) in a federated manner.

Well isn't this just rich:

"Facebook Banks Said to Make $100 Million on Stabilizing Stock"

http://www.bloomberg.com/news/2012-05-23....

No wonder they want to re-list it on NYSE. They probably made so much money, let's do it again!

When even one of the founders says this:

http://www.cnn.com/2012/05/29/tech/socia....

DMCA Approved excerpt:

Quote:

As for Facebook itself? Saverin still has his own profile, with more than 1 million people subscribed to it. But he uses it almost exclusively for news about his new startups, keeping the personal details to himself.
"I don't like showing my private life online," he said.

This is a clear sign that FaceBook will eventually fail unless it changes drastically.

FACEBOOK IS FOR THE SHEEPLE THAT WANT TO BE FLEECED