| User Info
| Cramer's Rant On Facebook in forum [Market-Ticker]
|
Irishblues
Posts: 283
Incept: 2010-12-18
Wisconsin
|
You forgot to mention the new fads on FB: -- Share random pictures with random sayings that are supposed to be cute or funny -- Share pictures of God with messages like "Share if you're not ashamed of HIM" -- Share pictures of the American flag with messages like "Share if you stand for freedom" ... I proceed to ask whether they stand for all freedoms or just the ones that are most convenient at the moment  -- Share pictures of some child going through chemo, with messages like "Share if you think she's beautiful" And other such crap. It's even less about actually sharing information and "this is what I did over the weekend" than it has been in the past. |
Porkchop
Posts: 143
Incept: 2007-07-15
Joliet, IL
|
Yeah, I seen it too. This putz had a hard-on for facebook IPO. He was recommending this POS I believe on Thusday before the IPO.
|
Smacktle
Posts: 1361
Incept: 2009-01-20
Texas
|
Facebook is a nuisance.
----------
The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
|
Rrasmuss
Posts: 914
Incept: 2007-12-22
HHH WA
|
"Facebook is to useless as Henry Ford was to the automobile"
----------
I'm moving to California
Cogito Cogito, ergo Cogito sum, Cogito
|
Mayorquimby
Posts: 13909
Incept: 2008-09-18
The Archaic Past
|
Thanks to the morons in charge of our economy - people have been duped into believing a company's performance and a stock's performance are entirely different things.
Consequently - many wannabes buy IPOs because they "always go up" without giving one second's thought as to what they are actually buying (the aforementioned turd).
Ultimately - point the finger at Greenspan and Bernanke and the rest of the skells at the Fed.
----------
They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
|
Jonesapple10
Posts: 379
Incept: 2010-11-09
|
there has been a lot of defending this guy selling these shares saying that he basically said he was going to do this back in May (or March, whatever). In other words he was doing this no matter what, not because of the current lack of prospects for FB.
My question is, did he announce this back then, file something, etc.? Did he have to? Not knowing the procedures, I'm just wondering if this whole, "I have been planning this for months it has nothing to do with the current conditions" is just BS or what? Naturally, I assume it is, but I didn't know if he was locked into the sale no matter what or even mentioned it back then (or even could?)
Either way, looks like the investors are/were Zuckers to buy this junk.
|
Jotapay
Posts: 16726
Incept: 2008-08-26
Austin, Tx
Online
|
Quote:-- Share random pictures with random sayings that are supposed to be cute or funny
-- Share pictures of God with messages like "Share if you're not ashamed of HIM"
-- Share pictures of the American flag with messages like "Share if you stand for freedom" ... I proceed to ask whether they stand for all freedoms or just the ones that are most convenient at the moment
-- Share pictures of some child going through chemo, with messages like "Share if you think she's beautiful"
And other such crap. Trend to the lowest common denominator. There's notation for that. e => e.LowestCommonDenominator(); Or in English: range variable "e" goes to the lowest common denominator. Geek speak for what is happening here. |
Genesis
Posts: 130712
Incept: 2007-06-26
|
All this complex math makes my head hurt.
It's a lot simpler: Price = 0.
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Jotapay
Posts: 16726
Incept: 2008-08-26
Austin, Tx
Online
|
|
Geschrei
Posts: 468
Incept: 2009-02-23
Online
|
Had a funny convo about FB with my 15-year-old daughter last night. A couple of years ago she hacked into my account and posted something embarrassing on my wall, and I've been threatening retaliation ever since - she said "You're too late, Dad, you should have done it last year when Facebook was still popular."
I'm also reminded of another statement from a good friend of mine who admittedly knows absolutely squat about the equities market - when the IPO was first announced in 2011, he asked incredulously, "How in the hell can something that stupid and useless possibly be worth $100 billion??" Or even $1 billion?"
It may not hit zero, but I wouldn't be surprised if it's in penny stock territory this time next year. And that's if the entire global financial system HASN'T imploded by then.
----------
“The danger is not that a particular class is unfit to govern. Every class is unfit to govern.”
Lord Acton (1834 - 1902)
|
Themortgagedude
Posts: 8849
Incept: 2007-12-17
saint louis
|
I don't think Facebook is a zero. But it will never be the high flyer that Google is. Barring some new venture it will be a moderately profitable company. I would say that they will approach the maximum revenue model in the next couple of years. As a way to keep in touch with college friends it is pretty cool. You get to see the kids and stuff.
I've built FB fan pages for my business. Paid for a few clicks. Didn't see any huge spike in business. I don't see FB as we see it today being wildly profitable. But I do think they can cut some costs, grow revenue a little and be a profitable company. Whether Z chooses this route and the stock ends up worth $8 to $10 bucks and pays a dividend or he swings for the fences is the question. But I'd still be a seller at today's price.
But it sure isn't a sure $0 like DSL and FFED were.
----------
I'm already visualizing you with duct tape over your mouth.
|
Jotapay
Posts: 16726
Incept: 2008-08-26
Austin, Tx
Online
|
I've been analyzing this sort of thing quite a bit recently for my own purposes. Facebook, for anyone attempting to use it as a resource for anything useful, had extremely low value. At the bottom of the list from what was available. Twitter, on the other hand, registered at "eleven". Twitter is very dynamic and much easier to quantify. The amount of work to reduce noise is made much easier by the format itself. There's a high ratio of keywords to content.
|
Ramthebulls
Posts: 10858
Incept: 2007-09-24
Queens, NY
|
I ran a valuation model on FB when it went public that pegged it at $4.40/share. I think that is a reasonable price target still.
----------
Umbrage is like love. No matter how much someone takes, there's always more for you to give.
|
Mayorquimby
Posts: 13909
Incept: 2008-09-18
The Archaic Past
|
I do think Facebook is a zero.
----------
They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
|
Docberg
Posts: 163
Incept: 2009-02-20
|
Facebook has value as a data mining tool, and will stay "viable" until a better one comes out. I'm sure that the NSA and its "private sector" compatriots have ways of sorting things out and ignoring the massive amounts of noise.
|
Ramthebulls
Posts: 10858
Incept: 2007-09-24
Queens, NY
|
How is a profitable company with $4.50/share of net cash possibly a zero? In 20 years, maybe, but it certainly isn't going to zero anytime soon. That said, it is still way overvalued.
----------
Umbrage is like love. No matter how much someone takes, there's always more for you to give.
|
Jotapay
Posts: 16726
Incept: 2008-08-26
Austin, Tx
Online
|
Quote:Facebook has value as a data mining tool Only if you're a 'creeper' like the NSA. The NSA is like a bunch of pedos spying on people from their electronic******van with no windows. As far as FB being useful info, maybe a little, but not so much. |
Poodlelover
Posts: 147
Incept: 2012-02-02
|
FB is not a zero. It is a profitable company and receives more hits than any other website and it's growing leaps and bounds. The question is how long can it keep that up and how big it can get. FB was nothing less than a decade ago. Myspace went to crap, many sites have. FB could potentially be supplanted by another upstart out of nowhere.
FB has its uses. I have a neighborhood group with most of my neighbors and it's a fantastic tool for 'hood gossip and the like.
We all have opinions on Facebook. I think it ignored the google circle concept for too long. I have people on my facebook list who have 1000+ "friends". Their mother, for example, holds the same importance as a co-worker from 7 years ago. It's too much noise, and at this point even if they could easily categorize them they wouldn't bother. I've seen a lot of people get bored of all the noise--because that's all most of FB is--just noise, akin to people in a room screaming for attention, and they just turn off their account.
In the end most of FB is simply a pointless distraction consisting of people engaged in massive self-promotion attention-whoring.
|
Genesis
Posts: 130712
Incept: 2007-06-26
|
All but a dollar of that net cash came from the IPO and thus represents a one-timer that will bleed off, and quite soon.
VideOcart looked good on that basis a few months after their IPO too. 2 years later? Well....
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
Mayorquimby
Posts: 13909
Incept: 2008-09-18
The Archaic Past
|
I think FB is today's AOL/Compuserve and that it is an eventual zero. Not next year but eventually.
----------
They who wish to hurt you, work within the law.
- Morrissey
Gold is theft.
|
Aliveh
Posts: 4043
Incept: 2008-01-18
Los Angeles
|
AOL is offended by that (one of the best-performing stocks this year).
|
Ramthebulls
Posts: 10858
Incept: 2007-09-24
Queens, NY
|
FB is cash flow positive, so though the cash from IPO is a 1-time event, it shouldn't disappear for awhile (until their website stops generating profits, which is probably a few years away still).
----------
Umbrage is like love. No matter how much someone takes, there's always more for you to give.
|
Mannfm11
Posts: 3539
Incept: 2009-02-28
DFW, Tx
|
FB might not be a zero, but they better find something to tie into it or it will get there. I about took a crap when I heard Goldman got in and said it was worth $50 billion 2 years ago. Remember Yahoo was trading around $150 in 2000. That is your model at best and Yahoo has carved out a niche on the net.
Also Karl, not only do they post pictures of the cat, the cat has a page as well. People better watch it, as the cat might post naked pictures of their masters.
----------
The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
|
Genesis
Posts: 130712
Incept: 2007-06-26
|
At my age if people want to look I don't care.
----------
I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
|
