So???

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Originally Posted by Rockntractor

Wasn't there something on the news about one of the owners renouncing citizenship? if that is so it may be why they are doing it.

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Yes, but people are saying it's because he didn't want to pay US taxes once the IPO takes off.

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Originally Posted by Hawkgirl

Yes, but people are saying it's because he didn't want to pay US taxes once the IPO takes off.

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The libs are really vilifying him for that, he is supposed to just hand his money over so they can redistribute it to their supporters.

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Originally Posted by Hawkgirl

I didn't buy much of it. I can sleep well at night. I normally stick with blue chips and gold. But I wanted a piece of the action. I'm not shorting the stock any time soon. Facebook doesn't sell a product, but it provides a service. A service of advertisement which is a big business. As long as advertisers continue to use FB, they will prosper.

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Trust me, they are going to need to really, really prosper just to justify their current price when they have really, really prospered.

Co..........Market Cap
Boeing: $51.80 billion
Disney: $78.30 billion
Facebook: $104.63 billion
Intel: $131.16 billion
Google: $195.73 billion
GE: $200.63 billion
Walmart: $212.55 billiion
IBM: $225.94 billion
Microsoft: $245.89 billion
Apple: $495.94 billion

If you can look at that tiny sample and not see the problem, then I wish you good luck. Really.

FB just got slammed with a 16 billion privacy lawsuit from a couple of California lawyers on it's IPO day...:rotfl:


http://news.cnet.com/8301-1023_3-57437060-93/facebook-sued-for-$15-billion-over-alleged-privacy-infractions/

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Originally Posted by Articulate_Ape

Trust me, they are going to need to really, really prosper just to justify their current price when they have really, really prospered.

Co..........Market Cap
Boeing: $51.80 billion
Disney: $78.30 billion
Facebook: $104.63 billion
Intel: $131.16 billion
Google: $195.73 billion
GE: $200.63 billion
Walmart: $212.55 billiion
IBM: $225.94 billion
Microsoft: $245.89 billion
Apple: $495.94 billion

If you can look at that tiny sample and not see the problem, then I wish you good luck. Really.

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I understand that you wouldn't buy the stock. Let's talk about this in a year and one of us can say "I told you so" to the other.

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Originally Posted by Hawkgirl

I understand that you wouldn't buy the stock. Let's talk about this in a year and one of us can say "I told you so" to the other.

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Fair enough, but we might be talking sooner than that. :smile-new:

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Originally Posted by Hawkgirl

FB just got slammed with a 16 billion privacy lawsuit from a couple of California lawyers on it's IPO day...:rotfl:


http://news.cnet.com/8301-1023_3-57437060-93/facebook-sued-for-$15-billion-over-alleged-privacy-infractions/

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That's not very convenient, is it?

HG, it just sounds like you're dabbling and there's nothing wrong with that. It's not an all eggs in the basket type thing.

I don't like FB at this price (90 times earnings or something like that, yikes) but I'm not lighting cigars with $100 dollar bills either so go figure. :biggrin-new:

Good luck.

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Originally Posted by JB

HG, it just sounds like you're dabbling and there's nothing wrong with that. It's not an all eggs in the basket type thing.

I don't like FB at this price (90 times earnings or something like that, yikes) but I'm not lighting cigars with $100 dollar bills either so go figure. :biggrin-new:

Good luck.

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She's not going to listen to us 'cause yer stoopid. http://i531.photobucket.com/albums/d...Shrunkhead.gif

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Originally Posted by Articulate_Ape

She's not going to listen to us 'cause yer stoopid. http://i531.photobucket.com/albums/d...Shrunkhead.gif

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Don't put words in my mouth apeboy.