Facebook: how low will it go this thursday?

[Sammich]

We will find out when the 90 day lockout on 2 billion shares becomes eligible for sale by early investors. That is 5 times the amount (421 million) of shares available on the day of the IPO.

Facebook Shares Unlocking (http://online.wsj.com/article/SB10000872396390444042704577587492867768780.html?m od=WSJ_article_comments#articleTabs%3Darticle)

An avalanche of privately held Facebook shares could begin hitting the market this week—potentially putting further pressure on the company's stock—as rules expire that have kept some early investors from cashing out.

Angel investor Peter Thiel and venture-capital firm Accel Partners are among early backers who are sitting on sizable paper gains, even with the company's stock down 43% from its $38 offering price. Mr. Thiel and Accel, for example, bought into the company when it was valued at less than $1 billion. Today, its market capitalization is about $60 billion.

[AcesandEights]

I don't hate facebook, but this'll be damned interesting to watch.

[MoonSylver]

http://gifsoup.com/webroot/animatedgifs/167431_o.gif

:rockbrow: :lol:

[Sammich]

Not surprising since his company was funded by a CIA front company, doesn't sell anything but a fad and refuses to acknowledge that the site is plagued with bots fradulently driving up bills to advertisers.

Zuckerberg’s No Longer a Top 10 Tech Billionaire (http://mashable.com/2012/08/03/zuckerberg-drops-top-10-tech-billionaires/)

Facebook CEO Mark Zuckerberg had a tough week: His sister went to work for his top competitor, Google, his company’s stock price hit a new low and now he has dropped out of the top 10 tech billionaires list.

Zuckerberg’s fortune fell by $423 million on Thursday to $10.2 billion. That puts him $400 million behind James Goodnight, the co-founder of SAS Institute, the new number 10 on the $21 billion when the company went public in May. Zuckerberg owns 503.6 million shares of his company including 60 million options with an exercise price of $.06 a share. He also has $150 million in cash and other liquid assets, Bloomberg reports.

-- -------- Post added 17-Aug-2012 at 08:46 PM ---------- Previous post was 15-Aug-2012 at 02:28 AM ----------

I was mistaken that the lockouts of all 2 billion shares were expiring, only a portion of that total was and there will be unlocking of additional shareholders in november, december and may. Even with the fraction of the shares being unlocked on thursday the FB stock continues to fall and closed at $19 down from it's $38 initial offering price. I really feel sorry for the guy who sunk his life savings of $60,000 and the other guy who used his daughter's college fund to buy shares on the day of the IPO.

Facebook Stock Hits New Low, So What Now for Mark Zuckerberg? (http://moneymorning.com/tag/facebook-stock-price/)

Since Facebook's hugely hyped and highly anticipated initial public offering on May 18 at $38, shares have been sliced in half, hitting a low of $19.01 in trading today (Friday).

Now, chatter is swirling that CEO Mark Zuckerberg should step down and let a more experienced executive take the helm.

"There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodies as CEO of a multibillion-dollar public company," Sam Hamadeh, head of research firm PrivCo, told the Los Angeles Times. "While in many cases a company founder can, and does, grow into the job, things are happening so quickly that there is precious little time here for Zuckerberg to do that."

[Mike70]

i really, really fail to understand why anyone would spend a penny on a "company" that doesn't exist except in cyberspace, makes zero products, and offers no real services other than sharing your private information with everyone and their mother and brother.

i hope everyone who sank money in this loses their asses completely.

i guess zuckerberg forgot that many, many a fad company has been destroyed by going public on the stock market.

facebook stock lost another 4.13% on friday.

hopefully it will tank, be taken off the stock market entirely, zuckerberg will lose his ass and Sammich and I can finally have a laugh about something together. :lol:

[Sammich]

Uh oh, the good ship Zuckerberg is starting to capsize.

The beginning of the end for Facebook? PayPal billionaire who was its first investor sells most of his shares worth $1 BILLION (http://www.dailymail.co.uk/sciencetech/article-2191381/Facebooks-investor-PayPal-billionaire-Peter-Thiel-sells-20-MILLION-shares.html)

One of Facebook's first investors has bailed out of the firm and sold 20 million shares.

PayPal billionaire Peter Thiel, one of Facebook's earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week, it has emerged.

As one of Facebook's initial investors, he invested $500,000 in the company in 2004.

He also sold 16.8 million shares in the company's May initial public offering, making $640m.

It is now believed he has sold most of his stock in Facebook.

[Mike70]

Uh oh, the good ship Zuckerberg is starting to capsize.

The beginning of the end for Facebook? PayPal billionaire who was its first investor sells most of his shares worth $1 BILLION (http://www.dailymail.co.uk/sciencetech/article-2191381/Facebooks-investor-PayPal-billionaire-Peter-Thiel-sells-20-MILLION-shares.html)

One of Facebook's first investors has bailed out of the firm and sold 20 million shares.

PayPal billionaire Peter Thiel, one of Facebook's earliest investors and a member of its board, was among the insiders selling stock in the social network after a lockup expired last week, it has emerged.

As one of Facebook's initial investors, he invested $500,000 in the company in 2004.

He also sold 16.8 million shares in the company's May initial public offering, making $640m.

It is now believed he has sold most of his stock in Facebook.

sitting at about $18.50 right now. you certainly lost your ass if you went at $38 on this. my oldest brother is in finance and he was saying that when the big investors start to dump stock, it is usually extremely hard for a company to recover.

just look at what happened to Borders a few years ago. from fortune 500 to closed doors in 2 years because of a loss of confidence in its stock.

[krisvds]

So many people i know are addicted to FB, it's not funny anymore.

The company have probably become so big they thought they were 'too big to fail'.
They were wrong I guess. But what will happen with all that information they have gathered over the years once they (if they) go bankrupt? Sell it to recover losses? Never understood how much of their privacy people are willing to let go on that website.

[Neil]

Interesting read/watch - http://www.bbc.co.uk/news/technology-18822971