So???

[Hawkgirl]

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.

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

[Rockntractor]

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

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.

[Articulate_Ape]

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.

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.

[Hawkgirl]

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


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

[Hawkgirl]

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.

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.

[Articulate_Ape]

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.

Fair enough, but we might be talking sooner than that.

[Articulate_Ape]

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


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

That's not very convenient, is it?

[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.

Good luck.

[Articulate_Ape]

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.

Good luck.

She's not going to listen to us 'cause yer stoopid.

[Hawkgirl]

She's not going to listen to us 'cause yer stoopid.

Don't put words in my mouth apeboy.