Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Benny B on May 18, 2012, 07:08:53 AM
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I'm afraid that far too many unsophisticated retail investors are going to get hammered by this company. Time will tell.
4 Ways the IPO Will Change Facebook Forever
U.S.News & World Report
Get ready for the Facebook feeding frenzy. On Thursday afternoon, the company priced its initial public offering at $38 a share, giving it a market value of $104 billion. The stock begins trading Friday on the Nasdaq.
The result for Mark Zuckerberg, Facebook employees, and early investors is clear. The IPO will make many billionaires and countless others millionaires.
But what about the rest of us? How will Facebook as a publicly traded company affect everyday users who just want to know what's going on with their friends and family? While any answer to these questions involves speculation, it's a good bet that Facebook's IPO will change Facebook.
Here are four ways users may experience this change firsthand:
1. More ads. Facebook makes most of its revenue through advertisements. As a public company, management will experience pressure from the press and investors to meet quarterly numbers. More than that, its hefty IPO valuation will demand phenomenal growth of both revenue and net income. While Facebook would do well to diversify its income streams, it's a sure bet that part of its strategy will involve enhanced ad revenues.
Google offers a good history lesson. Anyone who has used the search giant is probably aware that Google inserts paid advertisements above the search results and to the right of the search results. What you may not have noticed is that the number of those ads has steadily increased over the years as Google looks for more growth. In fact, in the last year or so, Google has even started inserting ads promoting its own content in highly sought after verticals such as credit cards, banking, and mortgages.
Exactly how this ad growth may affect Facebook users is unclear. But we are likely to see more commercialization of our Facebook pages.
2. New mobile. Mobile users of Facebook account for nearly 50 percent of its user base. According to its S-1 filing with the SEC, Facebook had 488 mobile users in March. With the growth of the smartphone and tablet markets, more Internet users are going mobile than ever before. So why is that a problem for Facebook?
The problem comes in the form of revenue: Facebook doesn't make any from mobile. Some have predicted that Facebook will introduce ads into its mobile platform. That's certainly a possibility. What is certain is that Facebook will be looking to monetize its mobile platform in one way or another. If done right, it should enhance the user experience. If done wrong, it could mean just more annoying ads.
3. Less privacy. A lot has been written about Facebook's IPO and user privacy. What we haven't seen is much in the way of specifics. Exactly how or why would going public have any effect on privacy?
The answer is simple: ad revenue. Google gets the benefit of our searches to present us with relevant ads. If you are looking for "Nike Zoom Ja Fly" running shoes, Google can present paid ads for exactly that. But Google is a search engine; Facebook is not. Google has the benefit of knowing in real-time exactly what we are looking for.
Perhaps that's why Google generates about seven times more revenue per user than does Facebook. Google generates about $9.52 per monthly user, while Facebook generates just $1.32. And that's a big problem for Facebook.
One solution would be to improve its ad platform. To do that, it may turn to more user data. If done correctly, the result could be positive for users. Relevant ads that don't overwhelm the content can be helpful. Taken too far, however, and the results could be disastrous.
4. Facebook-generated content. If the above potential changes at Facebook are speculation, this one can safely be categorized as wild speculation. But it seems that Facebook-generated content, in contrast to the user-generated content that dominates now, has tremendous potential if executed correctly.
Currently, Facebook has a wealth of data that is largely untapped. Putting aside privacy concerns for a moment, one wonders if Facebook could enter markets now dominated by the likes of Groupon, Craigslist, and Yelp in ways no other company could. Facebook would need to leverage the information already tucked away in more than 900 million Facebook pages. But if it could do so in a way that made our lives better without compromising privacy, the potential is virtually unlimited.
Imagine Facebook-created content about local events powered in part by user-generated content stripped of any data that would give rise to privacy concerns. In some cases, Facebook could choose to generate its own content; in other instances, it may choose to partner with existing technologies and brands. But either way, the income potential makes me wonder if this isn't in Facebook's future. Time will tell.
Until then, be a friend and like the Dough Roller Facebook page. DR is the founder of the popular personal finance blog, the Dough Roller, and author of 99 Painless Ways to Save Money.
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LOL @ Facebook being worth of 104 billion dollars ;D ;D
Imagine how many aircraft carriers one could build with that money :P
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Facebook = theglobe.com Part II
No 1 is a joke. People don't search Facebook for products and services. To date their targeting engine still can't serve the correct ads to users. In 5 years it's toast. I'd cash out like Mark Cuban did with Yahoo.
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lol at privacy. If anyone thinks that Jewkerberg is not selling all of your information to all of his Jewish friends who own media companies and such then I have an ocean front property in Cleveland to sell you.
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lol at privacy. If anyone thinks that Jewkerberg is not selling all of your information to all of his Jewish friends who own media companies and such then I have an ocean front property in Cleveland to sell you.
the ones who have doubts can just gander the "ads" that show on their page ... privacy from a social network is ridiculous expectation
the amount of people who have WILLINGLY typed out private information on those sites deserve their lives impacted
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I wonder how many of the rich hating 99% are going to invest in FB with hopes of becoming part of the 1%? Haha.
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I wonder how many of the rich hating 99% are going to invest in FB with hopes of becoming part of the 1%? Haha.
don't these 99% use facebook to post their rants? Wonder how they feel now using this elitist site.
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don't these 99% use facebook to post their rants? Wonder how they feel now using this elitist site.
Yup, LOL.
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LOL @ Facebook being worth of 104 billion dollars ;D ;D
Imagine how many aircraft carriers one could build with that money :P
i know. fucking pathetic isn't it!!
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No the 99 percent don't invest in the stock market scam. They know better and know all the top players control the game with insider trading. It's all a setup, if you on the bottom good luck like with a casino.
Facebook will be just like myspace and anything else that is cool on the internet, it may outlast myspaces lifespan by a little with all the extra work that is going into it, but with today's generation it's all about being new and cool, and facebook's coolness has ran out for many people already, just new users who haven't seen it over the world think it is cool since it's the first time they have seen the site. Eventually they will figure out it's a waste of time too.
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I don't understand Facebook. With all the concern today about identity theft, why the fuck do people put all their personal information on the internet?
And would you search for information on FaceBook when you already have google?
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I don't understand Facebook. With all the concern today about identity theft, why the fuck do people put all their personal information on the internet?
And would you search for information on FaceBook when you already have google?
People are all about "themselves", they are wrapped in their own little worlds, where they are their own gods, kings, queens in charge of their own little Fiefdoms. It's all about "look at me, I want everybody's attention"
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as of march, fb only had 488 mobile users???
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i've never clicked or even read a banner ad on Facebook, i still dont have an instagram account and dont plan too....
I'm really thinking of shutting that shit down, all my friends have gotten stale and my GF is always saying im being rude and offensive on it ??? Im not even going 20%GB on FB :-\
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i've never clicked or even read a banner ad on Facebook, i still dont have an instagram account and dont plan too....
I'm really thinking of shutting that shit down, all my friends have gotten stale and my GF is always saying im being rude and offensive on it ??? Im not even going 20%GB on FB :-\
20% getbig is like 1000% percent on any other site.
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20% getbig is like 1000% percent on any other site.
;D
made a high school friend shut down his account cus of it, i blasted his ass about him always checking into Golds Gym every day and looking like a planet fitness gym rat
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People are all about "themselves", they are wrapped in their own little worlds, where they are their own gods, kings, queens in charge of their own little Fiefdoms. It's all about "look at me, I want everybody's attention"
This
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Wont affect me at all I don't have an account 8)
the whole concept just seems utterly redundant to me , the first time I head about Facebook was years ago when you needed a college email address to join , it is mindblowing just how big they got almost a billion people :o
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People are all about "themselves", they are wrapped in their own little worlds, where they are their own gods, kings, queens in charge of their own little Fiefdoms. It's all about "look at me, I want everybody's attention"
Which is why anyone over the age of 16 with a Facebook account is a loser. ::)
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Wont affect me at all I don't have an account 8)
the whole concept just seems utterly redundant to me , the first time I head about Facebook was years ago when you needed a college email address to join , it is mindblowing just how big they got almost a billion people :o
I doubt that whole 900 million thing. You'd think that the majority would be americans. So worldwide about 1 in 7 people but in America 1 in 2 or 3. But it seems that almost everyone I talk to at work don't have an account or care about facebook. Makes me think it is possibly 10-50 million real people and 850 million Alex23 gimmicks.
One guy wanted to know what is would take to get 1000 followers on twitter, so he signed up and such and said that maybe 50 were real people and the rest were spammer accounts trying to sell you shit.
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interesting results so far. launched at $38, peaked at $45 currently down at $40.11.
Check it out live, hoping it drops like a stone...
http://www.nasdaq.com/symbol/fb
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It is not worth that at all... Completely overblown IPO.
Zuckerberg will make a keen mint though.
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5 mintes later its at $40.03
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I doubt that whole 900 million thing. You'd think that the majority would be americans. So worldwide about 1 in 7 people but in America 1 in 2 or 3. But it seems that almost everyone I talk to at work don't have an account or care about facebook. Makes me think it is possibly 10-50 million real people and 850 million Alex23 gimmicks.
One guy wanted to know what is would take to get 1000 followers on twitter, so he signed up and such and said that maybe 50 were real people and the rest were spammer accounts trying to sell you shit.
if you log-in once a year, then that's considered an active account. i have 3 gimmick accounts i use once every couple of months but i never click on an ad link, because the targeting is bullshit. good luck on this ipo.
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if you log-in once a year, then that's considered an active account. i have 3 gimmick accounts i use once every couple of months but i never click on an ad link, because the targeting is bullshit. good luck on this ipo.
I've personally created about 30-50 accounts. Only to get coupons when sites make you go to their facebook page. I don't remember the previous account I made I just make up new one. Now I don't even bother anymore when I see they make you go to facebook to login.
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LOL @ Facebook being worth of 104 billion dollars ;D ;D
Imagine how many aircraft carriers one could build with that money :P
It is estimated
that a Nimitz Class aircraft carrier costs, on average, $
22 billion dollars each (see below)
Construction Costs – $4.5 billion
Mid-life Overhaul Costs – $2.3 billion
Operating and Support Costs – $14 billion
Other Costs – $1 billion
Total Average Cost – $22 billion each
(As estimated in life-cycle costs of 1997 dollars)
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It is estimated
that a Nimitz Class aircraft carrier costs, on average, $
22 billion dollars each (see below)
Construction Costs – $4.5 billion
Mid-life Overhaul Costs – $2.3 billion
Operating and Support Costs – $14 billion
Other Costs – $1 billion
Total Average Cost – $22 billion each
(As estimated in life-cycle costs of 1997 dollars)
whut the fuk :o :o
I like Nimitz Supercarriers, though they're American. They posses serious destruction power and coolness - world's biggest.
But I never guessed price tag would be so heavy... :-\
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whut the fuk :o :o
I like Nimitz Supercarriers, though they're American. They posses serious destruction power and coolness - world's biggest.
But I never guessed price tag would be so heavy... :-\
about $1 billion to make it and $21 billion to grease politicians and funnelled money into swiss accounts.
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I'm pretty much ready to delete it altogether if it weren't for networking with school buddies it'd already be gone.
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I'm pretty much ready to delete it altogether if it weren't for networking with school buddies it'd already be gone.
Ask school buddies for their email addys and do it old school. ;)
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5 mintes later its at $40.03
and 50 minutes later we are at $38.00 again. :D
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it won't last, online social media sites have a lifespan, myspace, all the other's before it, it will die, people are buying into it for a long term deal are stupid.
Most of the first generation facebook users have either gone inactive or closed their account, the new users will eventually do that as well. It is only a matter of time.
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they want to hype it up so they can sucker in buyers. face book only makes money from advertisers and these advertisers dont make shit from facebook because no one clicks adds, even if they accidently click no one buys
these advertisers are trying to advertise on facebook because they have money to blow, they invest at best 50,000 and wont even break even
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Soon all the Investors will want some kind of return back, and that is when the $19.95 a month membership fee will will happen, $999.95 for corporate accounts , you gotta pay to play
Google+ still sucks balls
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If I'm not mistaken, GM just announced they're considering to stop advertising on Facebook !
It was said they did gain barely anything from it.
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Like any stock now, they will have to forcast revenue and EPS gains. When they start issuing 10k statements and they either make money or lost money and not make thier target then you will see this bubble grow or pop. But there is a lot of pressure now on this company to show it is worth $100 billion which means "SHOW ME THE MUTHERFUCKING MONEY"
Give it a quarter or two. I bet you the scam is going to be Jewkerberg selling a couple billion of his shares but using that money to invest back into his company to show billions in profits if they have quarters where they fall short.
Right now the CFO who is another jew is working her shell game magic.
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If the underwriters (MS, JPM, et al.)did not prop FB up when it fell back to its IPO price after lunchtime, the stock likely would have closed below $38.00.
Zero pop, only the avoidance of a potential embarrassing first-day drop.
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about $1 billion to make it and $21 billion to grease politicians and funnelled money into swiss accounts.
S'truth. Gotta love no-bid military contracts. Gravy.
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If the introduce more ads Ill close my account ... twitter is where its at no anyway
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Last Sale: $ 38.2318
Change Net/%: 0.2318 0.61%
Best Bid /Ask: $ 38.46 / $ 38.47
1 Year Target:
Today's High/Low: $ 45 / $ 38
Share Volume: 579,751,827
50 Day Avg. Daily Volume N/A
Previous Close: $ 38
52 Week High /Low: N/A / N/A
Shares Outstanding 635,882,000
Market Value $ 24,310,913,447.60
Annualized dividend N/A
Ex Dividend Date N/A
Dividend Payment Date N/A
Current Yield 0 %
Beta 0
NASDAQ Official Open Price $ 42
Date of Open Price May 18, 2012
NASDAQ Official Close Price $ 38.37
Date of Close Price May 18, 2012
Community Sentiment Rate Facebook, Inc.Bullish
;D ;D ;D
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Last Sale: $ 38.2318
Change Net/%: 0.2318 0.61%
Best Bid /Ask: $ 38.46 / $ 38.47
1 Year Target:
Today's High/Low: $ 45 / $ 38
Share Volume: 579,751,827
50 Day Avg. Daily Volume N/A
Previous Close: $ 38
52 Week High /Low: N/A / N/A
Shares Outstanding 635,882,000
Market Value $ 24,310,913,447.60
Annualized dividend N/A
Ex Dividend Date N/A
Dividend Payment Date N/A
Current Yield 0 %
Beta 0
NASDAQ Official Open Price $ 42
Date of Open Price May 18, 2012
NASDAQ Official Close Price $ 38.37
Date of Close Price May 18, 2012
Community Sentiment Rate Facebook, Inc.Bullish
;D ;D ;D
Only the retail $uckers that managed to get in on the stock today paid that opening price.
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:D :P
POSTED May 17, 2012
A Letter from Mark Zuckerberg
About Facebook’s IPO
MENLO PARK, CA (The Borowitz Report) – On the eve of Facebook’s IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:
Dear Potential Investor:
For years, you’ve wasted your time on Facebook. Now here’s your chance to waste your money on it, too.
Tomorrow is Facebook’s IPO, and I know what some of you are thinking. How will Facebook be any different from the dot-com bubble of the early 2000’s?
For one thing, those bad dot-com stocks were all speculation and hype, and weren’t based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep.
Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.
Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.
Finally, if you invest in Facebook, you’ll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook’s IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.
One last thing: what will, I, Mark Zuckerberg, do with the $18 billion I’m expected to earn from Facebook’s IPO? Well, I’m considering buying Greece, but that would still leave me with $18 billion. LOL.
Friend me,
Mark
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I'd rather invest in Greek debt. ::)
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soon people wont even have enough money to pay their monthly internet subscription...
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ive read about this, how can this be possible, some people getting shares for less than the opening price upfront?
hows that not insider deals? ???
You put in an indication of interest with your broker dealer... Depending on their allotment you get shares at the determined offering price. If demand is high the stock will take orders from people who want to buy but were unable to receive shares. This causes stock price difference before it begins "trading"
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it won't last, online social media sites have a lifespan, myspace, all the other's before it, it will die, people are buying into it for a long term deal are stupid.
Most of the first generation facebook users have either gone inactive or closed their account, the new users will eventually do that as well. It is only a matter of time.
I did.
Worthless shit.
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It was funny watching the price fall steadily during the last hour of trading back to $38.00 then bounce around as the underwriting banks were forced to buy in order to prevent a complete crash. They were obliged to buy when it hit $38.00 to stop it going below.
Their banks ended up owning 86% of the new equity issued. Wait till next week when they start to sell.
A revised S-1 filing made with the US Securities and Exchange Commission disclosed that Facebook’s five key banks ended up owning $13.86bn. Morgan Stanley, its lead adviser, ended the day owning 162m shares, worth £6.16bn, followed by JP Morgan and Goldman Sachs, which ended the day with $3.2bn and $2.4bn holdings respectively. Bank of America Merrill Lynch and Barclays Capital each held $1.04bn stakes.
A significant proportion of the shares owned by the banks will have been bid for ahead of the float itself, as part of the banks’ underwriting duties, but a smaller proportion will have come from a result of the banks moving into the market on Friday to maintain the price above its $38-a-share opening level.
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Soon all the Investors will want some kind of return back, and that is when the $19.95 a month membership fee will will happen, $999.95 for corporate accounts , you gotta pay to play
Google+ still sucks balls
I thought this might happen too. The stock will crash quick if investors don't make money. If not it's a quick ponzi scheme that will collapse as investors pull out while they are ahead.
I think at the very least it will be a charge for a status update. Even if it's 25 cents look how much money they can generate. Remember you are not the customer of facebook. You are the product to be sold and used.
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I did.
Worthless shit.
Right on, it's only a ticking time bomb before the new users that have signed up to this site they find new to them find out what the older users found out after a while, it is worthless and a waste of your time, and giving up your privacy even more now. No thanks.
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LOL @ Facebook being worth of 104 billion dollars ;D ;D
Imagine how many aircraft carriers one could build with that money :P
And Apple is worth 600 Billion - a much more deserved valuation.
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hows the price doing today?
are they not allowed to fall below 38usd?
???
No trading after 4.00pm friday until monday morning. The sale of $38.00 options during friday initially lifted the price then later as it hit $38.00 again the underwriting banks had to buy at $38.00 to prevent further falls. They are "allowed" to go to whatever price the market makes them.
There is no way the banks will be able to artifiially keep the price at $38.00 for long. A run will start and the price could in theory go to $0.01 by end of the week.
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Idiots should have gone with their original price.
Inflating it fucked them. Well, Im sure Zuckerberg will make out like a bandit.
Good for him.
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No trading after 4.00pm friday until monday morning. The sale of $38.00 options during friday initially lifted the price then later as it hit $38.00 again the underwriting banks had to buy at $38.00 to prevent further falls. They are "allowed" to go to whatever price the market makes them.
There is no way the banks will be able to artifiially keep the price at $38.00 for long. A run will start and the price could in theory go to $0.01 by end of the week.
You cannot buy/sell options till five days after ipo
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i dont understand how this works, facebooks gets the money from the people who bought stocks/shares, right?
advertisers pay suckerberg, suckerberg then pays face book workers.
investors pay suckerberg, thinking suckerberg will cut them a share of profit if suckerberg makes good profit
the money is with facebook woners now, right?
the money is with suckerberg first, investors are just gambling
whatd happen if you want your money back , right now?
you can get it back for whatever the value may be right now i think[/b]
you can only get it back if you find someone who will buy your shares, right?
im guessing this is the case but i dont know , if you bought one share for 38$ now its worth 10 you can get 10 bucks back im guessing
you cannot demand any money of facebook, or demand them to buy your shares?
are you drunk?
can someone explain in layman terms please? ???
how did bono the cock choking clown get ahold of shares upfront?why cant anyone do this?
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You cannot buy/sell options till five days after ipo
the stock will steadily increase by one dollar a day then a massive sell off in two weeks stocks will plummet and recession resumes play
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something like less than 20 percent of people invest in stock market , its becoming a less and less trustworthy way to invest your money. people are actually getting smarter about this and not paying for INFLATEDLY priced stocks or prices for goods that just aint worth it
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something like less than 20 percent of people invest in stock market , its becoming a less and less trustworthy way to invest your money. people are actually getting smarter about this and not paying for INFLATEDLY priced stocks or prices for goods that just aint worth it
No.
Investing in good, reasonably valued companies (that actually produce something) is still great way to put your money to work.
One most foremost understand the difference between investing and speculating.
Speculators play on markets in fractions of seconds, seeking for quick winnings. Investors are in game long-haul.
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No.
Investing in good, reasonably valued companies (that actually produce something) is still great way to put your money to work.
One most foremost understand the difference between investing and speculating.
Speculators play on markets in fractions of seconds, seeking for quick winnings. Investors are in game long-haul.
yes very true.
facebook wont be able to produce enough sales plain and simple. Only if they had a smart buisness manager like a Johnny Falcon could flip facebook into some intriguing game for entertainment value that people wouldnt actually mind paying for just like microsoft and xbox live
i say "game" because i dont see how else facebook could produce anything besides a game
you already have all the characters, scenergy and dialogue for a game, but only some Johnny Falcon replicas has the creativity to pull from the massive data base a game, role playing, action game worth playing for all of mankind
theres many ways you could go with this, but sadly greed and distatefullness has conquerd all and this is where facebook is headed
there has been new latebreaking ideas of what face book is going to come out with new that is actually cool and worth paying for, nothing. only some johnny falcon replicas to reminisce on what could be and the potential
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Failbook.
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Wonder if Obama will Bail Out FaceBook when its stocks drop worse then Detroit Motor City
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Obama will have to bail them out because they will be to big to fail. Can't let all those shareholders lose their gambling money. I meant to say investment money.
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Finally a decent post from Benny B. Facebook is terribly overvalued. Only way they make real revenue is from in-game purchases for 3 rd party apps like Farmville. Add model is retarded and most people now used it on their mobile which doesn't generate as much revenue. Only people buying will be fans and they will get burnt.
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the ones who have doubts can just gander the "ads" that show on their page ... privacy from a social network is ridiculous expectation
the amount of people who have WILLINGLY typed out private information on those sites deserve their lives impacted
FB know that I like The Doors and running outside.
MY COVER IS BLOWN!!!
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Doesn't bode well if Getbig is any indication. A year or two ago, most people here were saying they enjoyed facebook. Positive reviews are now the minority.
Not sure how they hope to succeed without the bodybuilding demographic. Horny bitches will look elsewhere for their fix. Then pencilnecks picking up the scraps will jump ship. Tumbleweed city.
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Sinking Faster then the Titanic
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Sinking Faster then the Titanic
like any stock out there. It doesn't matte how much money you make or lose, it's all a matter of which banks and investors will manipulate the market for you.
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Some commentator said that Facebook's users aren't the "customers." They are the product.
In other words, the billion or so people who use it aren't paying anything. Facebook still needs to find a way to make this profitable to justify the stock valuation.
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not going well for them today
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http://www.thedailybeast.com/articles/2012/05/21/mark-zuckerberg-priscilla-chan-s-wedding-calculus.html (http://www.thedailybeast.com/articles/2012/05/21/mark-zuckerberg-priscilla-chan-s-wedding-calculus.html)
(http://cdn.thedailybeast.com/content/dailybeast/articles/2012/05/21/mark-zuckerberg-priscilla-chan-s-wedding-calculus/_jcr_content/body/inlineimage.img.503.jpg/1337626502868.cached.jpg)
(http://img2-1.timeinc.net/people/i/2012/news/120604/mark-zuckerberg-300.jpg)
Mark Zuckerberg and Priscilla Chan’s Wedding Calculus
May 21, 2012 1:59 PM EDT
The tycoon married just one day after making a mint off Facebook’s IPO. Rebecca Dana on why cash may have been a factor—not that the tech’s new golden couple is likely to face a messy divorce. Plus, 11 surprising facts about Priscilla Chan.
One can only imagine the details of the prenuptial agreement presumably negotiated by parties representing Mark Zuckerberg and Priscilla Chan in the months leading up to their surprise wedding on Saturday. But it’s a safe bet that a couple with a “relationship contract” mandating 100 minutes of “alone time” every week did not enter the sacred institution of marriage lightly.
Mark has been dating “Cilla” for longer than he’s been running Facebook, which means the two have had nine years to get used to the idea of being obscenely rich together. They have also been in Palo Alto, Calif., long enough to know the special agony of a Silicon Valley divorce.
PayPal founder Elon Musk has had two very public divorces in the last four years, the first of which was live-blogged by his ex. Google’s Eric Schmidt is expected to have the second most expensive divorce in history from his wife of 13 years, whom some expect to walk away from their open marriage with $1.5 billion. Zuck and his bride seem uncommonly sane, modest, and well matched—the Will and Kate of overnight tech billionaires—but who wants to risk ending up in an episode of Divorce Wars.
Lawyers have suggested that the timing of the wedding, just 24 hours after last week’s Facebook IPO earned Zuckerberg around $20 billion in personal wealth, was particularly advantageous to the tech tycoon. California, where they wed, is one of just a few states with “communal-property laws,” which limit judges’ leeway in dividing marital assets and result in a lot of 50-50 splits. Marrying after the IPO means there at least wouldn’t be a dispute about how much Zuckerberg was worth at the time of their romantic joining-of-assets. A prenup, if they signed one, would clarify matters further and could shield them from the communal-property laws.
A source close to Zuckerberg has said the timing of the banns was purely coincidental, since the IPO date was a “moving target.” Keep in mind a source close to Zuckerberg also said it was pure coincidence that the Facebook CEO went on Oprah to announce a $100 million gift to the Newark Public School district right before the release of The Social Network, which depicted him as selfish, callous, and almost pathologically anti-social. Either Mark Zuckerberg is the dumb-luckiest 28-year-old in America or sources close to him think we’re all idiots.
If nothing else, this weekend’s wedding gives lie to the image of Zuckerberg as the heartless troglodyte of Aaron Sorkin’s script. He has chosen a woman of substance, with whom he has a long-standing, mature relationship. Chan is the opposite of a Real Housewife—or to continue the Sorkin shorthand, an opportunistic Asian coed with no distinct identity. A pediatrician and former teacher, she is clearly independent, intelligent, and if the “relationship contract” is any indication, assertive of her needs. Watching them walk down the street together is enough to know she’s no wilting flower.
Experts say it’s a good sign for both that they got together before he made his fortune. “Very powerful people who are well known in their field develop a very, very highly sensitive bullshit meter,” says psychologist Karen Binder-Brynes. “They know when someone is just into them for whatever they represent and not for who they are. They know.”
There is even a sweet side to the cold financial calculus that may (or may not!) have led Zuckerberg and Chan to wed when they did. If, on his own initiative or the advice of counsel, he did wait for the IPO before tying the knot, the timing suggests he couldn’t wait even one day more. They lured guests on the premise of celebrating Chan’s graduation from medical school last Monday and then surprised everyone with a wedding. The couple’s biggest splurge, apart from a ruby ring, was to have Green Day frontman Billie Joe Armstrong play for guests.
Prenup or no, this does not seem like a union headed for a tabloid demise. Zuckerberg and Chan are by all accounts extremely private and low-key. They met waiting for the bathroom at a Harvard frat party, and she found him odd but endearing. She is a vegetarian; he kills his own meat. They travel and post pictures of their dog online. According to a report, they have been studying French together for months in anticipation of a honeymoon in Paris. And now she’s officially in it for better or worse, for days when the stock goes up—and days like today, when it goes down.
Looks like he got that fat bitch on GH, Either drop the weight or i wont marry you
(http://cdn.iphone4jailbreak.org/wp-content/uploads/Mark+Zuckerberg-Priscilla-Chan-marriage-pictures-Optimized.jpg)
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Alpha move by him IPO'ing before they wed because we all know that even if you sign a pre-nup in Cali that all money earned during the married years is up for grabs. Now he owns outright his $20 billion.
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suckerberg kinda has a cool childlike whiteboy face. im glad hes owning all these f@ggots
hes exhausted his creativity with face book (hes done enoug) and has a bunch of 5feet7 know nothings on staff with no creativity (thats his problem)
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like any stock out there. It doesn't matte how much money you make or lose, it's all a matter of which banks and investors will manipulate the market for you.
good thoughts . how does this work in less than 2 sentences bro?
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Suckerberg got with Asian girl because he has small penis like G.Strydom
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down another 2.5% this morning....
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the dishusting media still tries to sugar coat this turd that is facebook.
their share prices are in free fall, nice to see.
would be nice if zuckerberg was left sitting on absolutely worthless shares.
btw who decides about how many shares are put out there?zuckerberg own about half a million shares, but who decides these numbers and who decides their initial price? ???
The company decides how many shares. They also decide how many to release. The fact is facebook the corp owns private shares not part of the trading pool. You do this to prevent a hostile takeover. Zuckerberg owns 500 million shares I beleive. He will excersice and sell to manipulate the float, he can cash own then put the money back into the company and say 'oh look, we made $1 billion profit' but really it is just his own money trying to make the company look like it is selling.
The initial price is decided by the valuation. What are people willing to pay vs. the number of shares available.
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Down 6.5% as I type this ::) FB may very well be the IPO stock scam of the decade.
Market cap was $100 billion at $38/share, now it is around $87.5 billion - ouch!
Lame stream media and financial channels should be held responsible for pumping the shit outta this thing.
I hope this POS goes into the single digits. :-* Take that Hoodieberg.
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I think most investors are getting a kick out of seeing it crash and burn straight out of its initial offering. Where's Alex23 to comment on it? Didn't he like investing in all tech stocks? Although I doubt he would touch this one with a 10 ft pole. I'd still like to see what his opinion on it is.
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I think most investors are getting a kick out of seeing it crash and burn straight out of its initial offering. Where's Alex23 to comment on it? Didn't he like investing in all tech stocks? Although I doubt he would touch this one with a 10 ft pole. I'd still like to see what his opinion on it is.
Alex probably made billions on the opening bell selling at $40.
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Looks like there may be a complete investigation on what happened when it went live to what happened over the weekend when all those people sold off their stock. The under writers manipulated the worth from the get go. Some of these people should be put in prison.
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This thing had "smash and grab" written all over it. And suckerberg getting married the day after he dumped a boatload of stock is interesting.
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Looks like there may be a complete investigation on what happened when it went live to what happened over the weekend when all those people sold off their stock. The under writers manipulated the worth from the get go. Some of these people should be put in prison.
Surprised that the biggest wall street crooks was also a mjor investor. Guess who...
GOLDMAN SACHs. They need to be fucking all shot in the head, biggest bunch of fucking crooked jews raping this country.
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I'm confused, I thought being a billionaire automatically gauranteed you a supermodel wife. What gives? Is everything I have based my life on a complete lie?
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The stock will hit the $15 level by the end of the year.
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Haha, :D
Imagine suing someone for talking you into doing something only a complete fukin idiot would do.
I'm sueing you for taking agvantage of my greed and stupidity lol
:D
Glancy Binkow & Goldberg LLP Files Class Action Lawsuit On Behalf Of Investors Against Facebook Inc And The Underwriters Of The Company’s Initial Public Offering
Glancy Binkow & Goldberg LLP announced it has filed a class action lawsuit on behalf of investors who suffered losses in connection with the initial public offering (IPO) of Facebook, Inc. In the IPO, Facebook sold more than 420 million shares of Facebook's common stock to the public at a price of $38.00 per share, of which approximately 180 million shares were sold by Facebook and approximately 240 million shares were sold by existing stockholders. The Complaint, captioned Lazar v. Facebook, Inc., et al., was filed in the Superior Court for the State of California, County of San Mateo, on behalf of a class consisting of all persons or entities who purchased the securities of Facebook pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Facebook's IPO. The Complaint alleges, among others, that the offering materials provided to potential investors were negligently prepared and failed to disclose material information about Facebook’s business, operations and prospects, in violation of federal securities laws. Specifically, the Complaint alleges Facebook, certain of Facebook's executive officers and directors and underwriters of the IPO failed to disclose that during the IPO roadshow, the lead underwriters, including Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, and Goldman, Sachs & Co., cut their earnings forecasts and that news of the estimate cut was passed on only to a handful of large investor clients, not to the public.
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;D
I Know a couple of co-workers that picked up shares at $40 a piece...
Thinking it was the next google .. lol..
Ill buying shares when it gets under $15
Hold them for 5 to 10 years and make a killing ..
Just like did with starbuck and google...
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Just like suing Nutella because you are surprised it isn't good for your health. ::) ::)
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(http://ep.xhamster.com/000/017/423/974_1000.jpg)
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(http://i8.photobucket.com/albums/a11/Rainwarning/greed.jpg)
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(http://ep.xhamster.com/000/017/423/974_1000.jpg)
PhD of peace
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;D
I Know a couple of co-workers that picked up shares at $40 a piece...
Thinking it was the next google .. lol..
Ill buying shares when it gets under $15
Hold them for 5 to 10 years and make a killing ..
Just like did with starbuck and google...
Facebook will be the next Napster in less then 10 years.
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Facebook will be the next Napster in less then 10 years.
I give it 2 years from now and it will be dead.
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whats the next cool social site after facebook?
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whats the next cool social site after facebook?
Social networking is dead, people will get off the internet and start talking to each other, making friends with strangers on the street, exchanging private photos with people they have seen only once in hteir lives on the street and so on.
the next facebook will be in real life.
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jew vs. jew?
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jew vs. jew?
Haha thats the first thing i noticed. Obviously some Jews are miffed they werent given the warning prior to launch.
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In before "garebear" with an other pro-facebook meltdown.
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(http://ep.xhamster.com/000/017/423/974_1000.jpg)
Lol.
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Social networking is dead, people will get off the internet and start talking to each other, making friends with strangers on the street, exchanging private photos with people they have seen only once in hteir lives on the street and so on.
the next facebook will be in real life.
Do you watch "The LEague"? There was an episode about that where the dude Taco had his own real life facebook and carried his wall around with him. Hard to explain, but it was pretty funny to watch.
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(http://ep.xhamster.com/000/017/423/974_1000.jpg)
I wonder if it was this chicks birthday or bachelorette party? If it was the latter, I feel bad for the schmuck/simp she's marrying.
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(http://ep.xhamster.com/000/017/423/974_1000.jpg)
What a filthy dirty whore.
Me want :P
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Do you watch "The LEague"? There was an episode about that where the dude Taco had his own real life facebook and carried his wall around with him. Hard to explain, but it was pretty funny to watch.
No, but I've seen several people who made fun of FB behavior in real life... ;D ;D
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Dewey, Cheatem and Howe on line four.
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No, but I've seen several people who made fun of FB behavior in real life... ;D ;D
I've had mixed success poking chicks
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No, but I've seen several people who made fun of FB behavior in real life... ;D ;D
I did asked a crack head if he tweets and he showed me his injection sites.
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I've had mixed success poking chicks
;D ;D ;D ;D
Maybe you should not do it with your cock out. ;D ;D
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Slightly up from opening price this morning. Going to watch this one with interest.
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Funny story now that Morgan Stanley who were the underwriters that handled the iPO and gave Facebook a $38 valuation told their big clients to not buy it because it is not worth $38. What a fucking scam.
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Haha, fiasco is 'bout to hit the fan !!
Just read that now US bureaucrats are investigating the IPO of Facebook ;D
On Thomson Reuters was said that real value of FB would be like 9 dollars per share
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Haha, fiasco is 'bout to hit the fan !!
Just read that now US bureaucrats are investigating the IPO of Facebook ;D
On Thomson Reuters was said that real value of FB would be like 9 dollars per share
All GOLDMAN SACHS. Biggest fucking crooked assholes ever. They all should be executed.
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Just like suing Nutella because you are surprised it isn't good for your health. ::) ::)
Exactly... If you bought Facebook at 38 or any other price above what I would consider 10 bucks... Then you got what you deserved.
No one held a gun to anyones head to force them into buying it.
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The Wedding Ring he gave his wife
http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/ (http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/)
This guys is an ALPHA JEW to the Core
(http://ll-media.tmz.com/2012/05/23/0523-priscilla-chan-wedding-ring-photos-launch-v2-2.jpg)
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In before "garebear" with an other pro-facebook meltdown.
;D
Damnit, I'm too late.
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The Wedding Ring he gave his wife
http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/ (http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/)
This guys is an ALPHA JEW to the Core
there is no such thing as an alpha jew
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there is no such thing as an alpha jew
Right. He'll never match all the power you've accumulated.
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The Wedding Ring he gave his wife
http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/ (http://www.tmz.com/2012/05/23/mark-zuckerberg-priscilla-chan-zuckerberg-engagement-ring-ruby/)
This guys is an ALPHA JEW to the Core
(http://ll-media.tmz.com/2012/05/23/0523-priscilla-chan-wedding-ring-photos-launch-v2-2.jpg)
(http://www.piercemattie.com/blogs/archives/A_Cracker_Jack_Box_Cover.jpg)
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Right. He'll never match all the power you've accumulated.
Alpha's do not acquire power through deception.
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Haha thats the first thing i noticed. Obviously some Jews are miffed they werent given the warning prior to launch.
Yeah they did. Oh, you're not talking about 911. Scratch that.
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Alpha's do not acquire power through deception.
Hitler did and he laid the smack down on them curly headed motherfuckers (no nazi).
sorry ron
randy newman
bill goldberg
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I like how a week later, the stock still sinking and people still trying to blame "technical" issues for the problem. Sorry jews that bought at $40. it is not technical issues that the stock is sinking fast, it is because the company is fucking useless.
The number one excuse why people use facebook? allows me to keep in touch with my family. Because the telephone, texting and email are just too difficult ::)
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So my future MIL bought in at $30 share but luckily didn't buy much. I told her she's lucky because it's going to be lucky to ever see $30 per share again lol. She's still convinced its the next google ::). I am thoroughly enjoying watching it crash and burn.
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So my future MIL bought in at $30 share but luckily didn't buy much. I told her she's lucky because it's going to be lucky to ever see $30 per share again lol. She's still convinced its the next google ::). I am thoroughly enjoying watching it crash and burn.
hahaha, it's more like the next "theglobe.com"
http://www.theglobe.com/ (http://www.theglobe.com/)
The social media continued through the Internet craze of the late 90s, but with hopes of capturing advertising dollars it, like many Internet based companies, suffered with the deterioration of the online advertising market. Faced with restructuring the operations of theglobe.com's online community, Chairman and CEO, Michael S. Egan, and President, Edward A. Cespedes, opted to use theglobe.com as a vehicle to make investments and acquire a portfolio of other Internet media and advertising companies.
isn't facebook social media and doesn't it depend on penny ads, because it can't sell shit to its' useless user-base? it's FUCKEDCOMPANY.COM in 5 years.
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So my future MILF bought in at $30 share but luckily didn't buy much. I told her she's lucky because it's going to be lucky to ever see $30 per share again lol. She's still convinced its the next google ::). I am thoroughly enjoying watching it crash and burn.
FIXED
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$27.02 a share as of this second
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$27.02 a share as of this second
Anyone with a head on there shoulders, or anyone that has quit using Facebook, knew this was coming.
Just like Myspace before.
And the Globe or whatever Gthang is talking about.
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$27.02 a share as of this second
Could be a lot worst but right now the only thing keeping this from sinking to the 10's is HOPE. Too many fools bought in at $40 and are going to wait hoping this goes up and be sure that even if their quarterly comes out stinking like shit, the banks will try to positively spin it like they are doing okay, but once this starts sinking and the selloff happens see it go to single digits. I bet you right now Zukerberg is telling all of his jewfriends that sold for a billion of more on opening day to dump the money back to him so he can put in as profit for the first quarter.
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Could be a lot worst but right now the only thing keeping this from sinking to the 10's is HOPE. Too many fools bought in at $40 and are going to wait hoping this goes up and be sure that even if their quarterly comes out stinking like shit, the banks will try to positively spin it like they are doing okay, but once this starts sinking and the selloff happens see it go to single digits. I bet you right now Zukerberg is telling all of his jewfriends that sold for a billion of more on opening day to dump the money back to him so he can put in as profit for the first quarter.
The bottom line is not that Facebook is "worthless" as someone else posted... but it's not worth THAT MUCH.
It's worth 10 bucks a share... tops right now.
If it's revenue would take in twice as much, it would be worth 20 bucks and so on... Google's revenue is RIDICULOUS based upon ads alone... So yes, Google is worth a shit ton. They make over 100 times the revenue of Facebook, so that's worth 100 times more.
Actually, in thinking in those terms, Facebook is worth about 6 bucks a share.
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Hitler did and he laid the smack down on them curly headed motherfuckers (no nazi).
sorry ron
randy newman
bill goldberg
no Hitler did not, he told the truth about those people.
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Ever since it's IPO took a shit, the site has been hit and miss as far as function goes, ESPECIALLY FB mobil. As of now, it's been offline for about 15-20min. Who thinks FB will go under and fold?
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When the stock is nothing in 2 yrs, Google will buy them, since they have an idea how to generate real revenues with their engine and ad units. Look what they did with Youtube.
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facebook shouldnt become more commercial than it already is or i will remove my account
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Ever since it's IPO took a shit, the site has been hit and miss as far as function goes, ESPECIALLY FB mobil. As of now, it's been offline for about 15-20min. Who thinks FB will go under and fold?
Facebook seems to be up and running for me. There are a number of reasons why it could appear to be offline to you (from blatantly simple, to highly technical). Since it's been known for a while that Facebook is in the process of shifting load from one data center to others, I'd venture a guess that what you experience is related to a hiccup in their CDN - (simple: DNS caching on your end; technical: route flapping somewhere along the path). Don't worry, it will come back and you will again enjoy mundane status updates from friends :)
To answer your other question: it remains to be seen whether Facebook will be able to exploit the vast amount of personal information they collect to deliver a workable and efficient advertising platform. They have a formidable competitor in Google and between the two, the advertising game has been stepped up that's for sure. I won't make any predictions beyond saying that I think that they will weather the stock price storm.
facebook shouldnt become more commercial than it already is or i will remove my account
Facebook posted a "Tito24 plz dont go bro!" on their main page just now!
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When the stock is nothing in 2 yrs, Google will buy them, since they have an idea how to generate real revenues with their engine and ad units. Look what they did with Youtube.
They don't know how to generate real revenues ? ??? Google makes more money off of Apple products than Android and all the income was with their search and maps on Apple products
http://appadvice.com/appnn/2012/03/forget-android-google-makes-more-money-through-apple-products
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fuck social networking
i have a fake account on facebook and a corresponding fake one on twitter
i use them to spew filth into the internet
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I deactivated my account almost three weeks ago and I can't really say I miss it at all.
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The Coach has read some financial self help books and helped the authors of those books help themselves financially.
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Facebook posted a "Tito24 plz dont go bro!" on their main page just now!
stoppp itt!!!!!!!!!!!!!
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Ever since it's IPO took a shit, the site has been hit and miss as far as function goes, ESPECIALLY FB mobil. As of now, it's been offline for about 15-20min. Who thinks FB will go under and fold?
lol @ a 40 yr old man going nuts an panicking cause FB is down for 15-20 minutes.
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I predict it will fall apart and something else will come out. Just like with Myspace.
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Google + is much better anyway, FB is doomed to fail
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I deactivated my account almost three weeks ago and I can't really say I miss it at all.
you know you can delete your account?
http://www.wikihow.com/Permanently-Delete-a-Facebook-Account
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Under $20 - $19.87 today to be exact
Going down faster then Daniel Hill
http://www.reuters.com/finance/stocks/overview?symbol=FB.O (http://www.reuters.com/finance/stocks/overview?symbol=FB.O)
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Under $20 - $19.87 today to be exact
Going down faster then Daniel Hill
http://www.reuters.com/finance/stocks/overview?symbol=FB.O (http://www.reuters.com/finance/stocks/overview?symbol=FB.O)
Yep, wait in about 3 days when/if they disclose who all dumped their stocks it could drive it even lower.
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Yep, wait in about 3 days when/if they disclose who all dumped their stocks it could drive it even lower.
got a friend from high school who keeps telling people that now is the best time to buy, he was saying the same shit at $40 a share ::) ;D
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like
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(http://i.ytimg.com/vi/F9IROOqDWgk/0.jpg)
(http://blog.zap2it.com/pop2it/mark-zuckerberg-shirtless-imgur.jpg)
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(http://www.tech2date.com/wp-content/uploads/2011/05/obama-mark-zuckerberg-interview-003.jpg)
(http://graphics8.nytimes.com/images/2011/04/21/technology/21bits-obamafacebook/21bits-obamafacebook-blog480.jpg)
(http://ww1.hdnux.com/photos/03/47/67/949724/3/628x471.jpg)
(http://cdn.digitaltrends.com/wp-content/uploads/2011/02/Facebook-friends-Mark-Zuckerberg-founder-of-social-networking-phenomenon-Facebook-chats-with-President-Obama-last-night.jpg)
Hello , I'm here before you tonight, to help bailout my friend Mark and his social network from total collapse , Im only asking for 2 billion dollars America ......
(http://media.onsugar.com/files/2011/02/07/4/192/1922507/a22f5c1d630697e2_obama.jpg)
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(http://www.tech2date.com/wp-content/uploads/2011/05/obama-mark-zuckerberg-interview-003.jpg)
(http://graphics8.nytimes.com/images/2011/04/21/technology/21bits-obamafacebook/21bits-obamafacebook-blog480.jpg)
Nope, they met at marks house long ago, so the administration could spy on the profiles.
(http://ww1.hdnux.com/photos/03/47/67/949724/3/628x471.jpg)
(http://cdn.digitaltrends.com/wp-content/uploads/2011/02/Facebook-friends-Mark-Zuckerberg-founder-of-social-networking-phenomenon-Facebook-chats-with-President-Obama-last-night.jpg)
Hello , I'm here before you tonight, to help bailout my friend Mark and his social network from total collapse , Im only asking for 2 billion dollars America ......
(http://media.onsugar.com/files/2011/02/07/4/192/1922507/a22f5c1d630697e2_obama.jpg)
Nope they met at marks house long ago to spy on profiles...
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ya ya the ipo was overpriced, but you haters can forget about it "folding", a 8 year old company that generates cashflow in the billions is no fad.
that being said, i love jews but i would never buy something from them, specially from a short one who look like a smelly barf.
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ya ya the ipo was overpriced, but you haters can forget about it "folding", a 8 year old company that generates cashflow in the billions is no fad.
that being said, i love jews but i would never buy something from them, specially from a short one who look like a smelly barf.
Hahaha... As Sun Microsystems how well 7 billion in cash and BILLIONS of revenue per year worked out for them.
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Hahaha... As Sun Microsystems how well 7 billion in cash and BILLIONS of revenue per year worked out for them.
"hahaha" they generated billions for how long? how is that a fad? they commited mistakes and they paid for it. So in your fantasy, hater world companies should be invencible?
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"hahaha" they generated billions for how long? how is that a fad? they commited mistakes and they paid for it. So in your fantasy, hater world companies should be invencible?
They generated billions for about 20 years... They were not permanent staples in the tech industry like IBM. As a matter of fact, I highly doubt that facebook will last as long as Sun did.
I'm hardly a "hater" when it comes to tech companies. I call it like I see it.
By your thought process, myspace should still be huge?
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They generated billions for about 20 years... They were not permanent staples in the tech industry like IBM. As a matter of fact, I highly doubt that facebook will last as long as Sun did.
I'm hardly a "hater" when it comes to tech companies. I call it like I see it.
By your thought process, myspace should still be huge?
I said facebook was no fad and you answered with a company that generated billions for 20 years, lol. Ok boy Sun Microsystem was indeed a fad. ::)
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I said facebook was no fad and you answered with a company that generated billions for 20 years, lol. Ok boy Sun Microsystem was indeed a fad. ::)
They are a fad... and I say 20, but that's not true.
Their real revenue occured between 1995 and 2005.
More like 10 years... And yes... That can be a "fad"... Myspace lasted 5 years... was that a "fad"?
How long has IBM, Xerox, Fujitsu, and Sony been around?
Those companies are NOT fads in the tech field. Do you see the difference?
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They are a fad... and I say 20, but that's not true.
Their real revenue occured between 1995 and 2005.
More like 10 years... And yes... That can be a "fad"... Myspace lasted 5 years... was that a "fad"?
How long has IBM, Xerox, Fujitsu, and Sony been around?
Those companies are NOT fads in the tech field. Do you see the difference?
so you either last 50+ years or you are a fad. Nice binary logic provided by the hater googles. Great. Im done here.
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so you either last 50+ years or you are a fad. Nice binary logic provided by the hater googles. Great. Im done here.
Hair metal lasted 10 years... Most would call that a fad.
So, yeah... I think so... GM, Ford, Chrysler... Not fads... Myspace, Facebook, LinkedIn, Twitter... Fads.
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Sales Ban Lifted on Early Backers; Zuckerberg Acknowledges 'Painful' Stock Drop
http://online.wsj.com/article/SB10000872396390444375104577593711737087098.html?mod=wsj_share_tweet
By SHAYNDI RAICE
Facebook Inc.'s FB -4.13% stock price plumbed a new low Thursday as early investors were freed to sell some of their stakes, leaving the once-prized stock down nearly 50% from its debut and forcing executives of the young Internet giant to pump up morale.
Facebook Chief Executive Mark Zuckerberg is no longer brushing off concern about his company's sinking stock price, acknowledging to employees for the first time that the selloff could hurt them.
Enlarge Image
Getty Images
On its first day of trading in May, Facebook shares closed at $38.23.
Mr. Zuckerberg has long exhorted employees not to pay attention to the stock price, instead pushing them to focus on developing the social network. But in a companywide meeting earlier this month, he conceded that it may be "painful" to watch as investors continue to retreat from Facebook's stock, according to people familiar with the meeting.
The meeting was part of a new effort over recent weeks to buck up morale.
Mr. Zuckerberg's turnabout may have steeled employees ahead of Thursday, when some early Facebook investors—but not employees—were able to cash out for the first time since the company's initial public offering in May.
Facebook shares hit a new low on Thursday, falling 6.3% to $19.87 as more than 271 million shares—or nearly 13% of those outstanding—became eligible for sale.
Rules that restricted investors from selling their stakes immediately after Facebook's IPO expired only for those who sold stock in the offering. The select group includes venture-capital firms such as Accel Partners and Greylock Partners and Wall Street firms like Goldman Sachs Group Inc. GS +0.11% and Tiger Global Management.
Employees who own Facebook shares are only able to watch at this point. Lockup expirations in October, November and December will allow Mr. Zuckerberg and other employees to sell more than 1.4 billion shares. The biggest lockup expiration, freeing more than one billion shares, is set for Nov. 14. The last lockup expires next May.
For many employees, however, selling shares later this year may not be a palatable option. Facebook's stock has so far fallen about 48% since the IPO, pushing its market capitalization down to about $42.6 billion. Including restricted stock units and stock options, Facebook's value is about $54 billion.
More
Morgan Stanley Distributes Facebook IPO Profits
The 'Lockup' Effect: Who's Next?
Facebook Shares Fall as Lockup Ends
Stock Quote: FB
Overheard: More Lock-Up Hurdles Ahead
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At Thursday's price, some of the mutual funds that invested in Facebook before its IPO are underwater, or showing paper losses. They include mutual-fund giant T. Rowe Price, TROW -0.45% which bought into Facebook in early 2011 for roughly $25 a share, according to regulatory filings.
Other pre-public investors are close to breaking even. Goldman Sachs, one of the IPO's underwriters, invested in December 2010, along with Russia's Digital Sky Technologies, MAIL.LN -0.16% at $20.85 a share, slightly higher than Thursday's price.
Earlier investments in Facebook remain highly profitable. Accel Partners invested $12.7 million in Facebook in 2005. It sold more than 57 million shares in Facebook's IPO, for proceeds of $2.2 billion, and after the IPO owned more than 143 million shares, valued at nearly $2.9 billion at Thursday's price.
The investors either declined to comment or couldn't be reached Thursday.
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More than 156.5 million shares changed hands Thursday, more than four times the recent daily average.
At Facebook's Menlo Park, Calif., headquarters Thursday, some employees said they aren't concerned about the current losses since they believe in the vision of the company. "I'll take a short-term loss now," said one employee who owns Facebook stock that is worth less than when he received it.
Another employee said that while he hasn't heard anyone talking about the stock price at headquarters Thursday, "obviously it's not great though when most employees bought in at the higher prices."
But in recent weeks, employees who weren't initially focused on the stock price had started expressing concern. Senior management realized it was time to do something about morale, believing that the falling stock could begin to distract workers, according to a person familiar with the matter.
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Earlier this month, Mr. Zuckerberg began a companywide meeting by saying he doesn't want to open meetings talking about the stock price, since volatility is to be expected, but he said he wanted to acknowledge that the stock's slump is "painful" for some employees, according to people familiar with the meeting.
Mr. Zuckerberg went on to tell employees that the press doesn't know the company's future plans, and if they did, they would have the same faith in Facebook's ability to fulfill its lofty stock-market valuation. He said that investments the company has made over the last six to 12 months will soon bear fruit, the people said.
During a question-and-answer session after Mr. Zuckerberg's speech, one employee asked the CEO if employees are now allowed to talk about the stock price, according to the person familiar with the meeting. Yes, said Mr. Zuckerberg. People should feel comfortable talking about it, he said, but the price shouldn't be the focus.
From the Blogs
MarketBeat: At Below $20, Is Facebook a Buy?
Overheard: More Lock-Up Hurdles Facing Facebook 8/16/12
MarketBeat: Investors Using Facebook Options to Bet On More Weakness 8/16/12
Deal Journal: Facebook's Lockup Expiration: Who Could Sell? 8/14/2012
Mr. Zuckerberg's new show of sympathy toward shareholding employees was a marked change from his earlier disdain for stock-price talk.
On the day of the IPO, Mr. Zuckerberg posted a picture to his Facebook wall of a poster that said, "stay focused, keep shipping." The halls of Facebook offices across the country are now splattered with the saying and employees have repeated the mantra since.
Mr. Zuckerberg addressed his employees a few days later by saying jokingly, "So, you've heard we're firing David?" referring to Chief Financial Officer David Ebersman, as Mr. Ebersman sat a few feet away, according to people familiar with the meeting. He then said, "We're very proud of our deals team and we think they did a great job."
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That tone began to change as Facebook's stock dropped toward $20 a share.
Facebook's vice president of partnerships, Dan Rose, earlier this month at the company meeting told employees he knows the company can't pretend that people won't worry about the stock price, according to these people.
Mr. Rose recounted a story about when he was at Amazon.com Inc. AMZN -0.16% and the stock price tanked, these people said.
He said he had young children and was concerned about his ability to provide for them, but he asked himself, "Do we have the right people in place and is our mission worthwhile?"
Mr. Rose said he asked himself the same questions about Facebook and believes the answer to both questions is yes.
—Scott Thurm, Matt Jarzemsky and Alexandra Scaggs contributed to this article.
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This thing will be around $10 by the new year
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So, anybody here lost some money?
We could rank the losses, see who bought more of the hype ;D
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So, anybody here lost some money?
We could rank the losses, see who bought more of the hype ;D
I would ask Bay... He "may" have bit, but in general, he seems to be a shrewd guy who would not get taken in by this nonsense, so I would lean to "doubtful".
I think most people heard 40 dollars a share and said, "Bullshit".
I know I did... Not a single person I know in the tech industry circles that I run in bought it.
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NO thanks.
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http://www.nytimes.com/2013/03/24/fashion/winklevoss-brothers-move-on-from-facebook.html?nl=todaysheadlines&emc=edit_th_20130323&_r=0
Finding Their Next Facebook
By JESSE McKINLEY
As you sit across from Tyler and Cameron Winklevoss, it is easy to lose track of whom exactly you’re talking to. Tall, blue-eyed and each built as broad-shouldered as a fridge, the twins are identical right down to their entrees: a pair of lobster rolls, with potato chips. Each has an espresso; neither eats the biscotti it comes with. And while the restaurant around them is spinning with chatter on this February night, the twins are each laser focused on getting their message across.
“Our business isn’t to be famous: that’s not what we do, that’s not what we strive for,” said Tyler, who is slightly — if you look closely — broader-jowled and a hair more assertive. “But we’re not shy or have a phobia about it,” adding, “We’ll be friendly if people are friendly back.”
Cameron concurs. “Every time someone has come up to us, they’ve always been incredibly positive and almost overly effusive, in the sense that ‘I totally support you guys,’ almost to point that I’m like, ‘Hey, hey, chill out,’ ” he said. “Everyone else gets so much more emotional about it I think than we ever have.”
The “it” in question, of course, is the twisty tale of Facebook, a small Harvard-based start-up founded in 2004 that went on to become a multibillion-dollar business in the hands of a founder, Mark Zuckerberg.
As every viewer of the 2010 hit film “The Social Network” knows, that business triumph occurred without the Winklevoss twins, prompting their furious accusations that Mr. Zuckerberg had appropriated their idea for the site.
Their characters were indelibly portrayed as dumbfounded children of privilege: genetically and financially blessed, they strode into the office of the Harvard president, demanding Mr. Zuckerberg’s censure (although Mr. Zuckerberg, it must be said, came off as even more unappealing in the film). The final image of the brothers was one in which they narrowly lost not only a big rowing race in Britain, but control of the company, leaving them angry (“Let’s gut the frigging nerd,” Cameron’s character says) but, ultimately, just a side note in the Facebook story.
For most people, their story ended where that scene ended, and the Winklevii, as they were memorably referred to, were all but forgotten. In the years that followed, the two went on to compete in the 2008 Olympic Games, coming in sixth in Beijing, and engaged in a protracted legal battle with Mr. Zuckerberg and others. After being awarded at least $65 million in 2008, they went back to court to ask for more, but eventually abandoned their attempts.
“We gave it our best shot,” said Tyler, now 31. “And when we felt we had come to the end of the road, it was over and on to the next thing.” But if revenge is a dish — like a lobster roll — best served cold, then the Winklevii are feasting. The twins are more active than ever: financing start-ups, hosting political fund-raisers, and even poking fun at their own image in a television commercial.
Last year, their company, Winklevoss Capital, began working as what they call “angel accelerators” for the shopping Web site Hukkster and a financial-data-and-dish company called SumZero. Divya Narendra, the founder of SumZero, met the twins at Harvard, and was eventually a co-plaintiff against Facebook.
Mr. Narendra, who was also depicted in the movie — “I was played by a guy who looked nothing like me” — said that the twins had adapted to their celebrity in typically low-key fashion. “I think part of them enjoys the fame, and I’m sure part of them is probably annoyed by it at times,” he said. “It’s hard for me to put myself in their shoes, because I don’t attract that kind of attention. Nobody would recognize me on the street. But people do stop them.”
Indeed, they’ve recently been sighted clubbing in SoHo, rubbing elbows at Fashion Week and being trailed onto the subway by the British paparazzi (“After failing to find taxi to pick them up,” The Daily Mail breathlessly reported). In December, the twins, who live in Los Angeles and New York, hosted a high-profile fund-raiser at their sleek 8,000-square-foot pad in the Hollywood Hills for the Los Angeles Democratic mayoral candidate Eric Garcetti. In New York, they have backed Daniel L. Squadron, a New York State Senator who represents a chunk of Brooklyn and Lower Manhattan, in a potential bid for public advocate.
They touted Hukkster on the “Today” show last fall, and shortly after dropping their legal challenge in June 2011, they appeared in an advertisement — which they say they helped write — for Wonderful Pistachios, a spot that took a none-too-subtle swipe at Mr. Zuckerberg, with one brother mentioning that deshelled nuts were “a good idea,” and the other suggesting that someone might steal it.
“Who’d do that?” the Winklevii quipped, before an M.C. announced, “The Winklevoss twins do it cautiously.”
All of which seems to suggest that the twins have come to terms with the fact that while they didn’t ask for notoriety, they are now best known as the guys who lost out on a Sultan of Dubai-style payday. And being known, they say, is not necessarily a bad thing when trying to build start-ups.
“I don’t feel like we’re jumping in front of cameras just to be jumping in front of cameras,” Tyler said of the “Today” show appearance. “We were talking about what could be done for Hukkster.”
Cameron interjects. “I think our litmus test is, ‘Is there a purpose to it?’ ” he said. “ ‘Are we helping build Hukkster? Are we helping to build SumZero?’ ”
The one topic they do seem sensitive about is their upbringing in Greenwich, Conn., the sons of wealthy self-made parents. “Dad was a pure entrepreneur,” Tyler said. “The dinner conversations weren’t like, ‘Did the Yankees win today?’ Cameron and I would be reading business magazines and talking about guys like Bill Gates.”
But they are also quick to point out that the Winklevoss family was not always so well off. Their parents, married 45 years, didn’t go to Harvard; they went to Grove City College, a Christian liberal arts school in western Pennsylvania. Their grandfathers were a policeman and a garage owner. Their great-grandfather was a coal miner. And so on.
“We certainly grew up and had opportunities,” Cameron said. “But it’s not like our parents are aristocratic blue bloods.”
Tyler agrees that “we were born into privilege,” but adds: “We may have been born on third base, but we worked like we were starting from home plate. You know: batter up.”
Christopher Librandi, a lawyer who attended high school with the twins at the private Brunswick School in Greenwich, echoes that “they’ve got this very distinct public image, as preppy, khaki-wearing golden boys, but they don’t really fit that image.”
“They’re just driven, focused guys,” he said, adding that “they absolutely hated khakis.”
Talk to friends and colleagues of the Winklevii, and the recurring theme is that for all their seeming advantages, the brothers, who are almost painfully polite, seem to fall — by choice or by nature — right in the dull center.
The twins still tend to travel — and talk — in tandem, though little differences between them do pop out: Cameron is a lefty, Tyler right-handed. Cameron wears Adidas; Tyler wears suede sneakers. Tyler is a film buff — he’d like to produce someday — whereas Cameron seems more interested in music and books.
“When we look in the mirror, we don’t see the same person,” Cameron said.
They say they are both in relationships. Their dating status is something often asked about in short order by female friends of the Hukkster founders Katie Finnegan and Erica Bell, who met the brothers last fall for a marathon dinner meeting at the same restaurant — Lure Fishbar in SoHo — they invited this reporter. “I was like, ‘I know I’ll recognize them when they walk in the door,’ ” Ms. Bell said. “Because you don’t often see 6-4 twins walking around.” (For the record, the twins are actually 6 feet 5 inches.)
In January, the twins opened their own family office, an airy 5,000-square-foot loft in the Flatiron district, the ancestral home turf of Silicon Alley. The space — with hardwood floors, Eames-style chairs and lots of frosted glass — is something of a social experiment, mixing feminine charm (from the Hukkster crew, which sits at the back surrounded by bags of swag) and man-nerd chic (from the SumZero guys, who occupy the desks decorated with JavaScript manuals and remote-controlled toys). There is a futuristic hangout space outfitted with potato-chip bar stools and a 75-inch television (almost as wide as the twins are tall), and a small room toward the rear that might be outfitted with nap bunks for “wired in” programmers with no time to go home.
It’s a slightly old-school idea — throwing everyone in the same room — which Tyler described in idealistic terms.
“We recognize in New York there’s difficulty in bridging that gap between working in Starbucks or your living room and actually have the money to get their own space,” he said, adding that “we want to be company builders. We don’t want to just be cutting checks and saying, ‘See ya.’ ”
Up front, there’s a white cubicle set aside for a planned D.J. booth. All of which, the twins say, is part of an ethos to make their business a pleasure. “We want this to be a place people want to come to work,” Tyler said.
Despite rejecting some trappings of Silicon Valley — their office has no Ping-Pong table, which they called a cliché — the Winklevii are not immune to the type of hyperbole that often heats the air of dot-com parties and pitches. Speaking of SumZero, Tyler says, “It completely obliterates the way things have been done on Wall Street.”
Which could seem a little cocky, of course, unless you believe — as the Winklevii obviously still do — that they were critical in coming up with the idea for Facebook. They don’t offer up many opinions about Mr. Zuckerberg, but they do have a few about how their battle has been portrayed.
“It’s always been this David and Goliath, blue-blooded jocks versus this hacker kid, when really it’s a fight or dispute between privileged parties,” Cameron said. “The similarities between us and Zuckerberg are actually greater than the dissimilarities.”
“The irony,” he said, “is so thick.”