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Will Facebook Shares Continue to Drop?

SodaHead News 2012/05/29 18:28:59
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Mark Zuckerberg had a huge smile on his face when Facebook launched itself into the stock market on May 18, but things aren't going as well as he'd hoped. The social network's IPO was set at $38, and after hitting a quick high of about $45, shares have fallen below the $30 mark. It dropped nearly 10% on Tuesday, threatening to exacerbate the downward trend.

Analysts are blaming the drop on a variety of things, from a Nasdaq software glitch that delayed trading by 30 minutes, to Zuckerberg's lack of an MBA. Many are suggesting the company's potential for growth is limited. BBC technology correspondent Russian social media executive Pavel Durov tweeted, "The IPO of FB destroyed the faith of many private investors in social networks." Do you think the shares will continue to drop, or will Facebook be able to turn the numbers around?

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  • Nomad58 Tuna 2012/05/31 17:38:50
    Nomad58
    In other words ~ nothing substantial, easily replaced by another free program like Facebook did MySpace, right?
  • Tuna Nomad58 2012/05/31 17:50:28
    Tuna
    Happens everyday with few exceptions. I would not call it unsubstantial; it was quite a valuable offering.
  • Nomad58 Tuna 2012/06/01 00:05:33 (edited)
    Nomad58
    I bet a lot of old dot.com investors thought the same thing right before the bottom dropped out in the late 90's.

    Advertising is volatile income (i.e. GE drops out ~ others follow, stocks drop) and free Social media is useless as it provides no profit.
  • Tuna Nomad58 2012/06/01 15:42:08
    Tuna
    That is because of that crooked ass Federal Reserve; why do people not listen to Ron Paul to abolish that Federal Reserve and get the hell out of the U.N.??? our two biggest enemies, not communism and Islam but banking and redistribution.
  • Nomad58 Tuna 2012/06/01 16:27:00
    Nomad58
    Now you are just drifting off the track ~ this has nothing to do with the Fed.

    Try again when you get rubber back on the road.
  • Tuna Nomad58 2012/06/02 15:15:52
    Tuna
    Do you have any idea where the Fed gets its money??? and it ain't China, we haven't borrowed money from China in years. It's JPMorgan/Chase; Lehman Bros., Goldman-Sachs, etc (Wall Street); which those conglomerates are publicly held entities. Anyone with enough money can control enough shares in one of those entities and influence the Fed on a majority basis. Our national debt is NOT $16 trillion; they play on our ignorance. Our foreign debt is appx. $4trillion, bad enough; the rest of the debt is all the money the Givement and Fed stole from the entitlements; Social Security, Medicare. Medicaid; another huge chunk is the money they stole from Federal Employee retirement. The problem with the Post Office is not mail, it's all their retirement money is GONE !! It's called "unfunded liabilites"; they bills are coming due and we don't have the money. When 60 million baby boomers retire, that's it; broke, busted; last one out turn of the lights. Oh yeah, that debt that doesn't exist, we the people pay that FED appx. $500 B a year in interest to "service the debt"; we have been robbed, they should all be in prison.
  • Nomad58 Tuna 2012/06/04 14:36:44 (edited)
    Nomad58
    Guess what, I don't care. I am independently wealthy and preached the same dogma for decades. What did it get me ~ not a damn thing.

    There are too many fools voting in this Nation and too many cowards in the Government to fix the problems. The prime example is the election of 2008. Americans elected a radical rookie in politics with absolutely no executive experience. No one vetted his associations or even his writing or they would have seem this coming.

    So save me speech. I know the functioning of the Government with respect to the Economy much deeper that your little rant can encompass.

    Besides this is a discussion about people buying a stock with no physical items to support its value.
  • Bob DiN Nomad58 2012/06/04 06:51:51
    Bob DiN
    Gossip.
  • LOU Tuna 2012/05/31 05:04:27
  • Tuna LOU 2012/05/31 17:11:24
    Tuna
    huh?
  • Jean 2012/05/30 16:08:41
    Yes
    Jean
    +2
    The entire foundation of the Facebook valuation was based on its ability to deliver quality leads and generate healthy advertising revenues. Apparently, the evidence is that the advertising doesn't deliver as promised - Government Motors will attest to that and God knows how much of our money went to pay for Facebook ads.
  • ChocolateAttack 2012/05/30 16:05:18
    Yes
    ChocolateAttack
    +2
    And facebook will die.
  • Libertarian NOT Conservative 2012/05/30 16:00:33
    Yes
    Libertarian NOT Conservative
    +1
    As a consumer, think about how much money you've spent BECAUSE of something you saw on Facebook. Then consider how much that's worth, in the long run, to producers of whatever you did (or didn't!) spend money on. That's a pretty big hole in the fundamental valuation of FB.
  • Sheila 2012/05/30 15:56:51
    Yes
    Sheila
    +1
    They make nothing, and do nothing, and this was a ploy to further erode the economy. I hope the bank that evaluated this is held liable for the damage they caused.

    THEN you get to this.......If you PLAY the stock market you are risking your money. That is how it has always been!! The more risk the more you should stand to gain. But we have all been taught in the liberal school system that life is sunshine and lollipops and there is NO risk that the gov will not protect you from.
  • Gloria 2012/05/30 15:38:52
    Yes
    Gloria
    +4
    It might go up someday but I wouldn't take a chance on FB.
  • wilsonmja 2012/05/30 15:31:24
    Yes
    wilsonmja
    +2
    I think people are using it less and less because it has become so ridiculously commercial. People aren't as stupid as Harvard graduates like Zukerburg think they are. Eventually, the constant barrage of ads and "free" games designed to get you hooked then buy ad-ons get old. I've put out an ultimatum that anyone who sends me game invites is unfriended. I'm sick of that crap.
  • zbacku 2012/05/30 15:17:40
    Yes
    zbacku
    +2
    Anyone remember the DotCom fiasco?
  • TasselLady 2012/05/30 15:08:58
    Yes
    TasselLady
    +2
    Especially when you have new shareholders who actually have a say in what the rest of us can do and what we can say on facebook. I might end up closing it eventually. I don't trust it now that it has gone public. Anything can happen now. It's open season on everybody who doesn't have stock in it or can't afford to buy shares. And just who the !$##$ are the people who own these stocks? Are they honest people or out to screw anybody to make a quick buck? That scares the hell out of me.
  • Sperry23 2012/05/30 14:58:52
    Yes
    Sperry23
    +1
    They should stabilize somewhere between $10 and $18. Then the company will auger in and they'll be worthless.
  • flyingseaturtle BN 2012/05/30 14:57:44
    No
    flyingseaturtle BN
    I hope not but I would not be surprised if it did ;-)
  • cm 2012/05/30 14:42:43
    Yes
    cm
    A year from now FB will be trading in the low to mid 20's
  • PaulBot415 2012/05/30 14:26:52
    Yes
    PaulBot415
    +2
    I'm watching the news right now and it does not look good for Fbook at the moment, sell sell sell.
  • BIG BAD JOHN R. 2012/05/30 14:04:20
    Yes
    BIG BAD JOHN R.
    +4
    For a while, they will gain in the long run if they continue to expand and don't over burned the users with tons of media marketing advertisements. facebook
  • JMCC 2012/05/30 13:58:38
    Yes
    JMCC
    +4
    With no bankable assets except a good idea?

    Are you kidding me? This is exactly the thing that caused the dot com crash in the first place!!!
  • Picasso's Cat 2012/05/30 13:27:32
    Yes
    Picasso's Cat
    +1
    Suckers never learn, they always think things will go back to the dot-com days of something for nothing, lol, once again we are going to see stupid greedy people who want riches go down the internet toilet, Ba Bye !!!!!!
  • Franklin 2012/05/30 12:55:02
    Yes
    Franklin
    +1
    well duh! 2.75 billion shares of what again ? Its like they have a share of stock for every member of that site ...stock shares are worth what the company is worth not made up figures -

    BTW I have a standing buy order for 5 million shares but at the price of 5 cents a share ! LOL
  • Wahvlvke 2012/05/30 12:29:48
    Yes
    Wahvlvke
    It is ether.
  • the fuze 2012/05/30 12:21:44
    Yes
    the fuze
    +1
    Don't know why anyone would buy stock in FB.
  • wqerwqerwe 2012/05/30 12:17:18
    Yes
    wqerwqerwe
    +1
    I predicted this long before the stock came out but I really didn't think it would happen this fast. I really do believe it will drop more. Its a limited advertisement based business which will be phased out by another website at some point. Its only a matter of time until it plateaus in its revenue and eventually dwindles into small profits or .comnothingness.
  • Freeranger 2012/05/30 12:14:40
    Yes
    Freeranger
    Sounds like the guild is off the lily.
  • Ryoka∞Boy 2012/05/30 12:02:50
    Yes
    Ryoka∞Boy
    +1
    Facebook eventually will be out-dated.
  • Bill G53 ~PWCM~JLA 2012/05/30 11:35:43 (edited)
    Yes
    Bill G53  ~PWCM~JLA
    +2
    I have lost interest in using Facebook myself. I guess I got tired of hearing everytime someone's kid took a nap or some other thing as trivial. The IPO of Facebook was overrated and Zuckerberg showed what he was in it for when he cashed out a ton on money as I understand he did.



    If the public is losing interest as I am and the company is only interested in cashing out, this stock is a loser.
  • Chaoskingsxz 2012/05/30 10:13:45
    Yes
    Chaoskingsxz
    well since they really are not making profit ... since i like playing with the free stuff... and the money you paid to get coins is super retarded...
  • Meredith#22 2012/05/30 08:52:52
    Yes
    Meredith#22
    +7
    Its like a new toy. You play with it...then it gets old.
  • Thor'sOak 2012/05/30 08:36:01 (edited)
    Yes
    Thor'sOak
    Will Facebook Shares Continue to Drop?





    I'll hope so anyway.. this whole facebook concept from Mark Zuckerberg© is getting seriously out of hand!



    F*ck F*cebook
  • overlord rai 2012/05/30 07:50:46
    Yes
    overlord rai
    +2
    everyone is getting rid of their facebooks, especially now a days.
  • Bill G5... overlor... 2012/05/30 11:37:38
    Bill G53  ~PWCM~JLA
    +2
    I know I am. I have better things to do.
  • suomynonA Bill G5... 2012/05/30 13:59:53 (edited)
    suomynonA
    +2
    Same, already did a month or so back. Whenever i was doing it, i noticed more than half of the people of my friends list had already done the same thing. (Would show a default blue-guy silhouette picture, but no profile existed)
  • POWERSHAKER 2012/05/30 07:39:40
    Yes
    POWERSHAKER
    +1
    Yep. They probably will drop.
  • Julian 2012/05/30 07:34:56 (edited)
    Yes
    Julian
    +2
    I heard Zuckerberg sold all HIS stock the first day of trading, so who knows what he'd hoped, but I think it's pretty clear what he expected. I expect the stock to continue to fall until it's somewhere in the mid teens, maybe high single digits. I don't think it will fall to penny stock or anything like that, Facebook does have pretty respectable earnings from what I've heard, but the stock is still overvalued.

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