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| Facefisted Is A Teenager, Regressing To Birth in forum [Market-Ticker]
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Jack_crabb
Posts: 2447
Incept: 2010-06-25
Peoples' Republik of Maryland
Online
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Frankly I think its funny as hell. My only question is how long will zero take?
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Molon Labe
Where is Henry Bowman when you need him?
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Visualcsharp
Posts: 343
Incept: 2009-12-19
Round Rock, TX
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And of course, everyone will be shocked that a company with no viable business model--you know, making money by selling goods or services--will be worth zero.
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Wearedoomed
Posts: 3585
Incept: 2009-01-14
slightly red state
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Various establishment media require the use of Face**** for the proles to comment on stories and such. Of course, Face**** is also an enormous data mine; after all, people blab away on there about everything. Thus, I'm wondering which branch of the Borg will absorb Face****.
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And you, my father, there on the sad height,
Curse, bless me now with your fierce tears, I pray.
Do not go gentle into that good night.
Rage, rage against the dying of the light.
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Wis/min
Posts: 5364
Incept: 2009-08-14
On the border
Online
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Trying to keep a 20 handle today. Good luck with that.
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Captainkidd
Posts: 594
Incept: 2010-05-25
Pasadena, Texas
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Quote:And of course, everyone will be shocked that a company with no viable business model--you know, making money by selling goods or services--will be worth zero. Well, you see, it's a virtual business, so it's virtual money.... uh.... Well it's a new paradigm business model and it's worth billions because it..... well.... Come on, now, somebody help me here. GS, CNBS, and the rest of the crowd told me it was the greatest thing since sliced bread, so there must be something good here to look at. /sarc
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A lawyer with a briefcase can steal more than a thousand men with guns. --Mario Puzo
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. -- Henry Ford
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Fraudster
Posts: 4175
Incept: 2011-05-10
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Funny Ticker
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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte
"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
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Blackswan
Posts: 5564
Incept: 2007-11-06
Just outside of Philly
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Zuckerpunched in the but hole.
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“It’s checkmate. Everywhere it’s checkmate.”
Hugh Hendry
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Jimg
Posts: 180
Incept: 2009-02-04
Dunedin, FL
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Maybe Zuckerberg's sister can get him a job at Google.
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Wis/min
Posts: 5364
Incept: 2009-08-14
On the border
Online
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Zuckerberg's already got his billions thanks to all the suckers.
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Irishblues
Posts: 290
Incept: 2010-12-18
Wisconsin
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Quote:It appears that the firm made an admission that a fairly significant percentage of its "accounts" are in fact duplicates, named for pets or fakes. Spend about 2 minutes typing stuff into the search box, and you can figure that out. The real question is what they're going to do about it - or maybe more accurately, whether they can do something about it. I suspect there's a very non-trivial amount of revenue that comes from those fake accounts; if that's really the case, then whacking all the fake accounts also takes away that revenue - and that just kills the value of the company that much more [unless someone really thinks that data mining what people are doing on FB is worth a gold mine the size of Brazil]. |
Trades50
Posts: 4217
Incept: 2007-10-30
Land of Tax and Spend
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Instead of the dot coms we have the social media bubble.
Businesses got Zuckered into paying for the the bot clicks.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Gamma
Posts: 5578
Incept: 2008-01-20
Northern CA
Online
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You're pumping out Tickers at an amazing rate today, Karl!
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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
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Crzymorse
Posts: 1193
Incept: 2010-06-25
Maryland
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83 million Facebook Accounts are fake according to the company. They claim a 4.7% fake user rate with 955 Million total users. This was calculated by something called Ivy League Mathematics, used widely by Krugman, Bernanke, now Sandbergs and good old Zuckers.
In the real world thats an actual 8.7% false account rate or 1 of out every 10 users for those upper management folks like me that like to estimate on the conservative bad news side.
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Throxxofvron
Posts: 10325
Incept: 2009-02-17
Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
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IF You didn't figure out Facefooked was a scam about to be sprung when Goldman Sux and the Russian Mob suddenly laundered invested Billions pre-IPO You deserve to loose every penny.
I have never before in My life tried to talk so many People out of buying something as I did the Facefooked Offering.
Neither can I remember so many People actually thanking Me later for talking them OUT of doing something specific that they initially seemed enthusiastic about.
-Of course there are a few People Who just "DON'T wanna talk about it..." now when I ask them...
It will quite rightly go down as the most botched and reviled IPO of the year if not the decade; -and after the way the BATS hit the fan that is really sayin' something...
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DIONYSUS: " Thou hast no knowledge of the life thou art leading; thy very existence is now a mystery to thee. " -from 'The Bacchantes' By Euripides “During times of universal deceit, telling the truth becomes a revolutionary act.” -George Orwell
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Lucky1
Posts: 2020
Incept: 2009-08-05
Pittsburgh
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Gamma:
The only problem with that is the rate of Tickers is inversely proportional as to the health of the economy and society (see FB; KCG; GRPN, NFLX, etc.).
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"Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
-USSC Justice Louis D. Brandeis: Dissenting Opinion in "Olmstead v. United States" (1928)
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Peterm99
Posts: 4991
Incept: 2009-03-21
SoCal
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Many so-called "reputable" businesses, e.g., retail stores, banks, brokerages etc. seem to have the Facebook, Twitter, and similar clickable icons/symbols on their pages. It seems to me that if there's a dearth of advertiser clicks on Facebook, the value of these icons to the businesses that have them has got to be close to zero.
Do Facebook et al actually pay these sites to have those clickable icons or is there some other reason that these other businesses feel it's worthwhile to have them?
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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed
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Gamma
Posts: 5578
Incept: 2008-01-20
Northern CA
Online
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Fad, fad, fad. When FB was the newest thing, everyone whispered that you just had to have an account and all manner of new biz would come your way if you FB'ed. The brehavior of the stock is just another indication of the complete waste of time and effort (and now money) the whole exercise was.
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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
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Patriarch
Posts: 982
Incept: 2007-10-18
your account summary
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Should be named Facepalm or Faceplant IMHO. Wonder if there will be any real legal backlash from any bag-holders? Prob not, as "I don't like it, but no crimes were committed." will be the political mantra going forward.
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Our elected take an oath to serve. Time to add: “I will not serve in a capacity which I am not able to comprehend or am incapable of by mental defect of any kind, nor will I use the excuse of intellective deficiency if found in violation of this oath/affirmation”, which backs charging wayward politicians with treason.
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Hogman
Posts: 7874
Incept: 2008-02-18
Derby City, USA
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Ben
Posts: 6208
Incept: 2009-10-09
The Distant, Glorious, Past
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Where is the admission of all the duplicate accounts?
FB will simply be another Friendster or MySpace. The internet is a fad, one that society is adjusting to, and everyone is just trying to make their billions before it becomes a utility like your electrical outlet, and just as sexy or profitable.
Thing is, who is next after FaceBook faceplants?
Imagine being an angel investor to FB, cashing out on IPO day and then shorting this rock into the ground.
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"Why are you going to learn French?"
"Because I'm going to France," says Joe.
"I'm from the future. You should go to China."
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Rentier
Posts: 193
Incept: 2010-06-19
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Isn't news to me as I posted in last facebook thread that large amount of the profiles are fake. Many make fake profiles just so they can post on news threads anonymously, since many news threads now want you to use a facebook account to do it.
I wouldn't say the internet is a fad, but is a great resource for finding good deals on items you need and want to buy and for news(like here), but after that it's pretty much worthless. Oh and MMO games. :)
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Mannfm11
Posts: 3548
Incept: 2009-02-28
DFW, Tx
Online
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This was one of Wall Streets greatest scams and maybe it blew up in their face. I still recall GS got a piece of this action a year or 2 ago and came out with a statement FB had a $50 billion worth. Now, when you look at what something like the auto industry or maybe one of the big oils like XOM or COP is worth, something that can be created on a webpage, which competition can be created on another webpage, it is a leap to put $100 billion on it. That includes operating outfits like AMZN.
As far as the names on home pages? It is common knowledge babys have pages, dogs, cats and all kinds of nonsense. I guess they have email accounts too. Also, I am quite certain the billions of people that are currently surviving by eating dirt in various parts of the world will have a site as well as an iphone and a phone number and plenty of money to spend to buy real food and plenty of other stuff on Facebook and at the istore any day now. I have heard this every day for the past 2 years on BSTV, like they really believe it.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Dazedncornfused
Posts: 313
Incept: 2010-10-13
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>Do Facebook et al actually pay these sites to have those clickable icons< ?
At the height of the IPO every second radio ad on one of the stations ended with the exhortation to "like us" or "see us" "on Facebook." I asked the sales dept whazzup with that. They offered some of the co-op ads to my employer, apparently that money did come from FB for those plugs. The program is over, don't hear anything about FB on the radio anymore. FB isn't paying to be liked by the radio station anymore.
Mebbe if the web sites have enough traffic, like media, they probly got in on it.
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Stand up and be counted or line up and be numbered.
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Debtpie
Posts: 534
Incept: 2009-12-17
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The bottom line stock value is ZERO; they have a Net Operating Margin of Negative 63%...they have to spend $1 to make 37 cents! Who the hell wants a piece of that? I'm not an accountant, but looking at their numbers it appears to me that they've blown through $9 billion in 6 months in order to make "investments" that will (maybe someday) lead to profits... F'THAT! Any FB price greater than zero is a hopium price...owners of FB stock are not investors...they are wild-eyed gamblers, ignorant fools or both and more! What's really shocking is how the price inches down...like just a few people "get it" each day...no mad rush to the door yet... I will wait for stomach turning 1 or 2 day drop and then make a day or two long trade out of it... ~~~~~~~~~~~ If I remember right, there is a 6 month waiting period before the employees can sell their shares...from what I can find, that's about 45 milllion shares that are just melting away in value and they can't sell....LOL! Zuckerburg screwed his own people...he sold his shares pre IPO at $38 and walked with a cool billion...I'd imagine morale at FaceBook is pretty low about now... ~~~~~~~~~~~ Mittens economic plan: "Romney has proposed cutting all tax rates by 20% and eliminating tax deductions, while also capping federal government spending at 20% of GDP." 2011 GDP = $15T 20% = $3T 2011 spending $3.6T So Mittens is saying he wants a forced $600 Billion cut in spending...but says no cuts in the first year...and after that has only offered up a $100 billion in ideas? Oh, I forgot, cutting taxes will increase the taxes paid by reviving the economy...never mind... PS> Yes, I know that can be true...but have you ever heard of the Laffer curve? http://upload.wikimedia.org/wikipedia/co....
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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