Chesterfield Online Forum

General Category => General Discussion => Topic started by: Pete on May 18, 2012, 09:49:21 AM

Title: Facebook - is it worth it?
Post by: Pete on May 18, 2012, 09:49:21 AM: They reckon its value for floatation is $100bn... :o

Is it just me? $100 billion? 'kin 'ell that's a lot of money considering it relies on people staying members...

Can anyone remember MySpace?

This may be the second Internet bubble about to burst.
Title: Re: Facebook - is it worth it?
Post by: Old Cruser on May 18, 2012, 01:50:41 PM: Seems an awful lot of money that Pete. I am on facebook but use it mainly for keeping in touch with family/friends, don't post a lot of crap like some do quote --- thank you to my darling wife for my lovely dinner ::) ;D
Title: Re: Facebook - is it worth it?
Post by: simondjuk on May 18, 2012, 08:02:05 PM: started selling at $38 per share when it opened. Cant see that lasting
Title: Re: Facebook - is it worth it?
Post by: Slacker on May 18, 2012, 08:09:04 PM: It's a gamble. I remember Friendsreunited selling for a (relatively) large amount of money then it rapidly lost popularity. It then changed to a pale imitation of Facebook.
Title: Re: Facebook - is it worth it?
Post by: Pete on May 18, 2012, 08:23:21 PM: Looks like they might need $100 billion after all. Just read that they are being sued today by Stewards Law US LLP for $15 billion for improper user tracking. The suit claims that Facebook invaded privacy by tracking users, logged in or out of Facebook.

David Straite, partner at Stewards Law, told Bloomberg:

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications.”

http://bit.ly/Jcy2ea (http://bit.ly/Jcy2ea)
Title: Re: Facebook - is it worth it?
Post by: Fly on May 18, 2012, 08:35:29 PM: Only in the good old United States of America :))

Billion dollar companies suing each other day in, day out.
Bet the lawyers are pi££ing themselves to the bank >:
Title: Re: Facebook - is it worth it?
Post by: Pete on May 18, 2012, 08:39:31 PM: I reckon the brought the action as the floatation began out of some sort of mischief...

I like 'em already. :)

Now if a few other countries followed suit (sorry) they might realise that wholesale gathering of personal information might not be such a good idea.
Title: Re: Facebook - is it worth it?
Post by: k4blades on May 18, 2012, 10:17:22 PM: Over-rated, Over-priced and over here. Give a couple of years when the backlash kicks in. I reckon thats why they are floating now, they know whats on the horizon.
Title: Re: Facebook - is it worth it?
Post by: chesterfieldchris on May 19, 2012, 12:02:47 AM: POST DELETED AT USER'S REQUEST
Title: Re: Facebook - is it worth it?
Post by: Pete on May 19, 2012, 01:02:01 AM: Fuck me. Someone's agreed with me.

I don't know what to do...

:P
Title: Re: Facebook - is it worth it?
Post by: Old Cruser on May 19, 2012, 05:03:04 PM: Quote from: Pete on May 19, 2012, 01:02:01 AM
Fuck me. Someone's agreed with me.

I don't know what to do...

:P

Language Timothy --- :o ;)
Title: Re: Facebook - is it worth it?
Post by: Fly on May 19, 2012, 08:11:56 PM: Quick buck, then bail out 8)
http://www.nytimes.com/2012/05/20/business/in-facebook-stock-rush-fanfare-vs-realities.html (http://www.nytimes.com/2012/05/20/business/in-facebook-stock-rush-fanfare-vs-realities.html)
Title: Re: Facebook - is it worth it?
Post by: Pete on May 19, 2012, 08:16:02 PM: Don't know much about stocks and shares, but I have never thought Facebook was worth what they said.

Just my gut reaction.
Title: Re: Facebook - is it worth it?
Post by: therealjr on May 19, 2012, 11:11:44 PM: Basic economics.
Something is only worth what someone is willing to pay for it.
If we all decided tomorrow that gold was only worth 50p a kilo then thats what its worth.
A ferrari? to you sir £5.
If someone decided Facebook is worth $100bn then it is.
If they decide its worth 10p then it is.
Title: Re: Facebook - is it worth it?
Post by: Alsatian on May 20, 2012, 10:35:18 AM: Quote from: Pete on May 19, 2012, 01:02:01 AM
Fuck me. Someone's agreed with me.

I don't know what to do...

:P

Go and lie down in a darkened room - don't worry too much, can't see it happening again!! Yp
Title: Re: Facebook - is it worth it?
Post by: Pete on May 21, 2012, 04:37:25 PM: Here we go...

Facebook's Mark Zuckerberg loses almost $2bn as share price falls

Facebook shares fell by nearly $5 on Monday from their Friday closing price of $38.23

http://bit.ly/KWsp34 (http://bit.ly/KWsp34)
Title: Re: Facebook - is it worth it?
Post by: Scimitar on May 21, 2012, 04:53:35 PM: Quote from: Alsatian on May 20, 2012, 10:35:18 AM
Go and lie down in a darkened room - don't worry too much, can't see it happening again!! Yp
First time for everything I suppose :))
Title: Re: Facebook - is it worth it?
Post by: k4blades on May 22, 2012, 06:29:59 PM: http://uk.finance.yahoo.com/news/facebook-shares-hit-again-valuation-142801086.html (http://uk.finance.yahoo.com/news/facebook-shares-hit-again-valuation-142801086.html)

Down again today.
Title: Re: Facebook - is it worth it?
Post by: Pete on May 24, 2012, 08:25:25 AM: Facebook founder Mark Zuckerberg sees stock tumble amid IPO lawsuits

http://bit.ly/KgTUD8 (http://bit.ly/KgTUD8)
Title: Re: Facebook - is it worth it?
Post by: therealjr on May 24, 2012, 08:30:33 AM: my heart bleeds. Let me know when he's down to his last Billion I will organise a whip round for him!!!
Title: Re: Facebook - is it worth it?
Post by: k4blades on May 24, 2012, 08:34:22 AM: No need, thousands of gullible investors have already had one and paid a massively overpriced cost for their shares.
Title: Re: Facebook - is it worth it?
Post by: Big Dave on May 24, 2012, 09:10:26 AM: Now known as 'Fadebook' ;D ;D ;D
Title: Re: Facebook - is it worth it?
Post by: chesterfieldchris on May 24, 2012, 04:25:06 PM: POST DELETED AT USER'S REQUEST
Title: Re: Facebook - is it worth it?
Post by: Pete on May 29, 2012, 05:50:46 PM: Facebook shares fall below $30 as US authorities begin investigation into IPO.

Shares continue to slump on Wall Street as lawsuits against founder Mark Zuckerberg allege company misled investors
The share sale has proved a disaster for Facebook and its bankers.

US authorities are investigating allegations that the company gave critical information to some investors and not others.

There's more going off here than meets the eye...
Title: Re: Facebook - is it worth it?
Post by: Fly on May 29, 2012, 05:57:04 PM: Yep. Somebody made some money.
Probably living in Switzerland now ::)