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[TR] Facebook jumps then slumps in first few minutes trade

post #1 of 29
5/18/12 at 10:48am
Thread Starter 
Quote:
Originally Posted by The Register .co .uk 
Facebook's shares debuted on the Nasdaq today at $42 and immediately skidded downwards to the original IPO price of $38.

The social network set its IPO price last night at $38, valuing it at $104bn. However, through the mysteries of IPOing, it actually opened at $42, shortly after 11am Eastern Time. That price values the company at more than GM or Boeing, as The Telegraph amongst others reported.


This price was maintained for at least minutes before it started to slip down to around the $38 mark, troughing for a while then beginning what appears to be a bit of a bumpy ride back upwards.

To read the full article, click here.


FB :: NASDAQ


FB is listed on the NASDAQ stock exchange and can be found here.

It is currently at: 41.57 points, up about 9%. However if you look at it, you will see it's fluctuating wildly.

Bad investment I think...

Who owns facebook (FB)?


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Edited by joshd - 5/18/12 at 11:18am
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post #2 of 29
5/18/12 at 11:06am
Facebook is just a current fad, it will not make it in the long term. 10 years from now it will be dead and there will be something else.
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post #3 of 29
5/18/12 at 11:07am
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Quote:
Originally Posted by strap624 View Post

Facebook is just a current fad, it will not make it in the long term. 10 years from now it will be dead and there will be something else.

I'm not sure, it's been around for 8 years now and getting stronger almost every day?
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post #4 of 29
5/18/12 at 11:12am
I think sooner or later people will get bored with it, I'll give it 10 more years. When they start to loose an audience advertisers will go elsewhere and they will start to loose their income. This is definitely not the next Apple or Google.
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post #5 of 29
5/18/12 at 11:14am
The source link is wrong.
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post #6 of 29
5/18/12 at 11:15am
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its a fad, its doing great now a good investment for teh moment in my non expert opinion. But over the next 5-10 years i see it turning into myspace adn becoming nothing. Its only doing well because it doesnt ahve a competitor atm. Give it time an we shall see. you never know though it may pull through
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post #7 of 29
5/18/12 at 11:18am
If they expand into other markets and services, then it might have some vitality.. As is, I cannot see Facebook being a good long term investment.

Oh and props to Bono... making over a billion w his 90 million investment
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post #8 of 29
5/18/12 at 11:19am
The reason Facebook became so popular was because it used to be simple. It's completely lost that simplicity, and will fail.
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post #9 of 29
5/18/12 at 11:20am
The core of the problem is they have reached their peak in terms of social networking. Where do they go from here? FB is already huge and worldwide. Their user base is not growing drastically. What are they relying on in the long run? They need a product and need to branch out like Google has.
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post #10 of 29
5/18/12 at 11:58am
Quote:
Originally Posted by Onions View Post

its a fad, its doing great now a good investment for teh moment in my non expert opinion. But over the next 5-10 years i see it turning into myspace adn becoming nothing. Its only doing well because it doesnt ahve a competitor atm. Give it time an we shall see. you never know though it may pull through

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Quote:
Originally Posted by joshd View Post

I'm not sure, it's been around for 8 years now and getting stronger almost every day?

And it does have a competitor if you can call it that. Remember Google+?
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