Posted on: 17-05-12 16:29:32
Facebook Inc priced its initial public offering at $38 (U.S.) per share, valuing the world’s largest social network at more than $100-billion.
At that price, the offering would raise as much as $18.4-billion for the company and existing shareholders.
Did any one applied for this overhyped and over valued IPO ?
I wonder what it is going to be 10:00 am tomorrow...100?
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Are you there?
I think its just a hype created... I would like to know if an CD member ever bought anything on facebook or even clicked on an ad ?
Quote:
Originally posted by jigz787
I think its just a hype created... I would like to know if an CD member ever bought anything on facebook or even clicked on an ad ?
Never.
Facebook is just a worthless piece and a big hype. I haven't met anyone yet who has ever bought anything off the Facebook. In my opinion, what Facebook is and isn't:
Is:
A glorified photo sharing site
A slightly big brother of Twitter
..as hard as I thought, I came up with only the two above
Isn't:
An online marketplace (on the lines of eBay, Craigslist, Amazon, etc.)
A search engine
A dating portal
A blog
A news site
A comprehensive portal
So, as you can see my list if 'isn't' is longer than the 'Is'. Why would someone buy a $38 worth(less) of share when it doesn't even provide any real service; but merely and primarily relies upon the photo-sharing services.
I wonder why it hasn't met the same fate as My Space yet. One word - hype!
The one man who is laughing all the way to the Bank is Mark Zuckerberg. An idea changed his life, forever.
Why is the trading halted? FB was to start trading today. Any idea?
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