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FACE it 
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PITA Bred
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Post FACE it
I was going to throw off some little logos, but it's too small a joke.

FACEBOOK + NASDAQ =
  • FACEPALM
  • FACEPLANT
  • FACEOFF

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In the end, I found Heinlein is finite. Thus, finite analysis is needed.


Mon May 21, 2012 2:44 pm
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Heinlein Nexus
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Post Re: FACE it
You're so facetious.


Mon May 21, 2012 5:34 pm
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Post Re: FACE it
It's hard to be otherwise when talking about Farcebook. Everyone who thinks it's going to turn into something wonderful, mo' bettah and irreplaceable because piece of paper were printed reading SHARE... raise your hands.

(Counts.) Ah, you bought those pieces of paper, didn't you?

Sell you a lovely frame? Oh, never mind, you already bought one.


I note the consensus reason for the tepid share performance is because the stockholders now want FB to actually, you know, DO something. Good luck with that...


Tue May 22, 2012 9:28 am
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Post Re: FACE it
Yeah. Most networking security geeks loathe Facebook because of its poor security and privacy practices. As somebody said a year ago, "Facebook. It's like the Wikileaks for your personal life." I wouldn't have bought Facebook stock if I did play around on the market simply because I don't use it and don't like the product. But that statement probably proves that I'm *NOT* a much of an investor more than that I'm right about Facebook. ;)

I do know that my mother, who is an excellent investor, would have recommended against buying Facebook stock because investing in IPOs for tech stocks is highly risky because of the hype. At least nine times out of ten, you'll get a better deal a few months later, after the hype dies down. My own experience in twenty years of working in the Tech industry in Silicon Valley tells me that the way to invest in startups is to go to work for a good one when they're tiny, get a bunch of stock options, and then be one of the sellers when the IPO hits instead of a buyer.

But I wouldn't have gone for Facebook either way.

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Tue May 22, 2012 8:48 pm
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Heinlein Nexus
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Post Re: FACE it
Facebook looked like a bad bet because I'm a contrarian investor and I turned out to be right.

Unfortunately for the same reasoning I decided not to buy Google at IPO...


Tue May 22, 2012 9:39 pm
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Post Re: FACE it
Nine times out of ten isn't ten times out of ten, more's the pity. :-) If I'd *worked* for Google in 1998 or 1999, then I'd be a Google investor. By the time stock was available on the market, it was too rich for my blood. But it's a good company, and I *do* use their flagship search engine and several of their products.

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Wed May 23, 2012 4:55 pm
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Post Re: FACE it
JamesGifford wrote:
the stockholders now want FB to actually, you know, DO something. Good luck with that...


I have a group of friends which is now somewhat dispersed and who do use FB to stay in touch. It's a good, gossippy medium, and these are not the type of folks who care whether FB uses their personal info to target them with ads or not. They probably don't notice the ads, and if they do, they might just like them.

I also use FB to market my public domain copy of The Education of a Poker Player. Brings in a few shekels every month.


Fri May 25, 2012 5:05 pm
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Post Re: FACE it
As a newsletter I subscribe to said:

Quote:
What did you expect? The company has sales of $4 billion. IF...IF...it were able to claw out a 10% profit margin...and IF a fair multiple for its earnings were, say, 10...the company would be worth $4 billion. Not $100 billion. Four billion dollars. And instead of having shares valued at $15 billion, Mr. Zuckerberg would have shares worth about $800 million.


Fri May 25, 2012 8:04 pm
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PITA Bred
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Post Re: FACE it
But... but... but... but... FB has twenty billion users! It's a sure thing! They all say so!


Sat May 26, 2012 6:05 am
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Post Re: FACE it
I know, Jim. I'm having flashbacks to the 2000 .COM bust myself. &lt;wry grin&gt;

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Mon May 28, 2012 7:12 pm
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