FB at $27 .... what a shocker .... the greedy ones will say 'a well timed float'
I see Groupon is living up to its business model .... latest daily deal is 50% off (the IPO price)
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FB at $27 .... what a shocker .... the greedy ones will say 'a well timed float'
I see Groupon is living up to its business model .... latest daily deal is 50% off (the IPO price)
Down to $24 after the bell.
Next 2 weeks will be interesting for FB.
Disc : None at this stage.
The first of the post IPO lockups has just ended. I think an even bigger lockup ends in November. Expect more pressure on the price.
ONly once the lockups are all over will will see a true picture emerge.
from the SMH
Here's are the closing prices each week since the first day of trading on May 18:
_ May 25: Closed at $31.91, down 17 percent for the week.
_ June 1: Closed at $27.72, down 13 percent for the week.
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_ June 8: Closed at $27.10, down 2.2 percent for the week.
_ June 15: Closed at $30.01, up 11 percent for the week.
_ June 22: Closed at $33.05, up 10 percent for the week.
_ June 29: Closed at $31.09, down 5.9 percent for the week.
_ July 6: Closed at $31.73, up 2.1 percent for the week.
_ July 13: Closed at $30.72, down 3.2 percent for the week.
_ July 20: Closed at $28.76, down 6.4 percent for the week.
_ July 27: Closed at $23.71, down 18 percent for the week.
_ Aug. 3: Closed at $21.09, down 11 percent for the week.
_ Aug. 10: Closed at $21.81, up 3.4 percent for the week.
_ Aug. 17: Closed at $19.05, down 13 percent for the week.
That plus the amount of data they have on their users is amazing.
Only this is people don't need FB - someone could come along with a better site I believe.
For example, with Google, you could say the same thing, but they are so far ahead I don't think it will happen.
FB is still just entertainment whereas Google is a tool everyone needs.
Lots of people use to use internet explorer (use to have over 90% market sahre and only has its current market share as it is preloaded on all windows computers) to log into AOL, do a search using Altvista or Yahoo, social network on myspace. Bebo was popular a few years ago and could still be now???
They only stay around as long as they keep innovating.
Just off to check my Blackberry - oops I replaced that with an iPhone - but should I get the new iPhone 5 when it comes out or are the new Androids looking better?
Still has a bit of a way to go catch Groupon but then Groupon has been losing money for investors for nearly a year now
What a disaster these IPOs have been .... the world is still a silly place eh
Dont forget Zynga
FB might be a buy once all those escrowed shares come online and can be sold. November is when most of them can be sold I think. Wait around and see if the SP tanks and be there to pick up the pieces.