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and wearer of cheap Wal-Mart suits.

Dude, seriously, learn to tie a tie.

http://www.huffingtonpost.com/2012/05/21/mark-zuckerberg-prenup_n_1533608.html



Oh and Facebook IPO shares... lol

Oh, you Clothies and your elitist ways.

Well this was more about the falling FB shares...

and the proper term is fashionista. Peasant.

"They just got married; what are they going to do when they're divorced?"

Mark Zuckerberg is hilarious, he rules

I wish I'd thought of Facebook first. Even if it's not worth a billion, I'd still be richer than I am now.

Mathias said:

Well this was more about the falling FB shares...

and the proper term is fashionista. Peasant.

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*shamefully goes back to eating Hot n' Readies* (cue jokes)

I can't hate a man for not knowing how to wear a tie, especially as he is quite possibly the biggest winner at life this century.

Ties are totally out

Your signature makes that statement epic, my friend. Epic. I offer you this one and only, first and last, fist bump rating.

bhamv3 said:

I wish I'd thought of Facebook first.

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I don't know, canoeing is kinda boring...

Mathias said:

and wearer of cheap Wal-Mart suits.

Dude, seriously, learn to tie a tie.

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Screw the ties, i have money. - Mark "Kaiba" Facebuk

bhamv3 said:

I wish I'd thought of Facebook first. Even if it's not worth a billion, I'd still be richer than I am now.

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I dunno, is the owner of MySpace that rich?

I'm guessing that owner is still richer than me..

Zuckerberg is being sued by the shareholders. They say he withheld critical information before the IPO. This is gonna get ugly.

Morgan Stanley is being investigated too. This whole thing is a cluster.

to what point do we let the price drop, before getting in on the ground floor?

sixpackshaker said:

to what point do we let the price drop, before getting in on the ground floor?

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What every 'new economy digital enterprise' is worth on the stock market. $0.

Other than advertising, what revenue streams does Facebook even have? What marketability do they bring to the table? If they start charging app writers to host their stuff on Facebook, someone will go out & create something different.

Dave said:

Other than advertising, what revenue streams does Facebook even have? What marketability do they bring to the table? If they start charging app writers to host their stuff on Facebook, someone will go out & create something different.

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TV and News Papers (until recently) have done quite well with advertising. More people look at Facebook on a daily basis than NBC.

FB's worth isn't its users, it's the data ON those users. Link data, surfing habits, location-age-sexuality-gender-schooling-muscial taste-hobbies.... FB's profile on you is more complete than even you realize. Even if you don't have a facebook account.

Good point, Bubble. Datamining for fun and profit!

Bubble181 said:

FB's worth isn't its users, it's the data ON those users. Link data, surfing habits, location-age-sexuality-gender-schooling-muscial taste-hobbies.... FB's profile on you is more complete than even you realize. Even if you don't have a facebook account.

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The users leave, there is no data to mine. FB's worth is absolutely and incontrovertibly its users. Saying it's the data on those users is like saying a restaurant doesn't care about its customers, it cares about how they like their steak prepared.

STEAK?!?!?

There's also the "every page has a facebook "like" thingie on it, and each one of those is a tracker that isn't blocked by any anti-virus" (though some other software can stop it) bit.
Obviously it's the data-mining on the users, my point is that even if everybody left FB TODAY, they'd still have petabytes of marketable data. That alone is worth millions.

sixpackshaker said:

TV and News Papers (until recently) have done quite well with advertising. More people look at Facebook on a daily basis than NBC.

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This. Before, if you wanted to advertise a product, you'd say "Alright, so we've figured out that women 25-39 are likely to buy this product. Some of them watch XXX show, so let's spend a crapton of money to try to advertise to them in these limited ways, and maybe some of them will see it. Unless, of course, they fast-forward DVR through the commercials. Or choose to watch this different show. Or mute the TV to talk to their husbands during the commercial breaks. Or..."

Now, they can say, "I'm going to advertise to women in this narrow age bracket, who have these specific interests, and they're going to see my shit EVERY DAY for potentially HOURS when they're viewing Facebook. And if I can somehow convince them to click the "Like" button on my page, I'll show up directly in their newsfeed between their sister announcing she's pregnant and their friend's drunk ranting about her boss."

You seriously can't even put a price tag on that.

Oh shit, I just looked up Facebook's Facebook page...

Bubble181 said:

There's also the "every page has a facebook "like" thingie on it, and each one of those is a tracker that isn't blocked by any anti-virus" (though some other software can stop it) bit.
Obviously it's the data-mining on the users, my point is that even if everybody left FB TODAY, they'd still have petabytes of marketable data. That alone is worth millions.

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HowDroll said:

This. Before, if you wanted to advertise a product, you'd say "Alright, so we've figured out that women 25-39 are likely to buy this product. Some of them watch XXX show, so let's spend a crapton of money to try to advertise to them in these limited ways, and maybe some of them will see it. Unless, of course, they fast-forward DVR through the commercials. Or choose to watch this different show. Or mute the TV to talk to their husbands during the commercial breaks. Or..."

Now, they can say, "I'm going to advertise to women in this narrow age bracket, who have these specific interests, and they're going to see my shit EVERY DAY for potentially HOURS when they're viewing Facebook. And if I can somehow convince them to click the "Like" button on my page, I'll show up directly in their newsfeed between their sister announcing she's pregnant and their friend's drunk ranting about her boss."

You seriously can't even put a price tag on that.

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By "content," GM refers to the other $30 million that GM spent on Facebook last year maintaining its branded page on the social networking site. The brand page might be effective for GM, but none of that money goes directly to Facebook.

Dave said:

STEAK?!?!?

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I demand gif satisfaction with an exlamation like that.







... Perhaps I've been too conditioned with seeing those two together like Allen and his similes :/

Adam said:

So yes, I can put a price tag on that, and it's just as flimsy as Myspace was.

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Much like Facebook in its early days, Myspace was never meant for anyone outside of a very limited demographic -- my mom (or dad, or grandmother, or other age 45+, semi-computer literate relatives) would never, in a thousand years, have signed up for it. At its peak, MySpace didn't even 40 million users; Facebook is approaching one billion. HUGE difference there in terms of potential as a marketing/data collection tool.

Facebook is going to have to continue to innovate to remain viable long-term, but like I said in my previous post, with the rapid changes in traditional media the days of advertisers stabbing in the dark hoping to hit their target are going the way of the dinosaur; why, long-term, would you spend money to target women who watch soap operas at noon -- hoping that they are actually watching the commercials (DVR FTW), are pre-menopausal, etc. etc. -- when you could use that same money to buy a spot on their Facebook page, where they'll see it every time they log on to play Words with Friends? And more, if you can convince them to "Like" your business, you have the power to show up on their newsfeed -- to insert yourself directly into their lives.

I've been chatting with one of my friends on Facebook for the better part of an hour. Every time I alt-tab over, I see an advertisement for Chili's and State Farm. I probably won't watch a second of TV (aside from HBO) until Fall, and I usually mute them when they come on anyway, but because of Facebook these two companies' logos have gotten more time with me today than they otherwise would have for probably the entire rest of the year.

You seriously don't see the enormous value of that sort of targeted marketing?

Did you actually buy anything or do you plan on buying anything from State Farm?

Is she the only one who sees ads?

I use Noscript for a reason though.

Adam said:

Did you actually buy anything or do you plan on buying anything from State Farm?

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Right now, I'm happy with Geico, so no. However, if I'm constantly exposed to the State Farm name and logo, and if/when I decide to switch insurance providers, it might be the first place I look -- if for no other reason than it'll be the first thing that comes to mind.

Chili's, though? "I'm tired and don't feel like cooking, where should I go for dinner?" is a fairly common situation for me. "Like us to receive a free appetizer!" is a strategy that can work well to entice a broke, 20-something grad student.

SeraRelm said:

Is she the only one who sees ads?

I use Noscript for a reason though.

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I'm not allowed to do much tinkering with my work computer

That's just the brands you know. I can't tell you how many times a facebook ad has shown me an online store I didn't know existed and then became a regular buyer from it.

Shegokigo said:

That's just the brands you know. I can't tell you how many times a facebook ad has shown me an online store I didn't know existed and then became a regular buyer from it.

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Especially if one of my friends has given it the thumbs-up. The endorsements of acquaintances hold at least some level of value to most people.

HowDroll said:

Especially if one of my friends has given it the thumbs-up. The endorsements of acquaintances hold at least some level of value to most people.

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None of which came from data mining and none of which are particularly unique to Facebook. Shego's 'unknown' online store is more valuable from a marketer's perspective, but no more worth the dollars spent on it than the ad I see at the bottom of the Halforums page that says "Baby Girl Photos Share Your Mom & Baby Photos Like The Johnson's Baby Page Today".

All this is tangential to me real problem which I'm kinda glossing over. I don't think Facebook is worth anywhere near $100B.

Example:

http://www.qmxonline.com/

Never knew it existed till Facebook not even a week ago, and I won't admit out loud how much I've already spent there.

Adam said:

All this is tangential to me real problem which I'm kinda glossing over. I don't think Facebook is worth anywhere near $100B.

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At its current state? It's honestly hard to say. With the rapid (exponential, even) expansion of technology, I'm not sure that anyone knows right now how much targeted internet advertising or data mining is "worth." If Facebook doesn't continue to grow and innovate -- or if they commit one significant mis-step on user privacy, or if the government steps in to regulate what can be collected -- they may not be worth the $100 billion of their IPO. But when Amazon launched its IPO in 1997, who could have foreseen that what basically amounted to an online bookseller would end up (probably) putting companies like Best Buy out of business, not to mention becoming a major player in e-book/tablet hardware?

I don't know a lot about investing. I'm not sure what Facebook is really "worth" in terms of incomprehensible numbers like $100 billion. I do, however, see firsthand on a daily basis how it influences the lives of its users -- especially users in my age group -- and I really believe that's worth an almost offensive amount of capital.

Adam said:

I don't think Facebook is worth anywhere near $100B.

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Oh, absolutely. Just saying it has some worth and it's got quite a bit of valuable data. The price it gets is ridiculous.

HowDroll said:

At its current state? It's honestly hard to say. With the rapid (exponential, even) expansion of technology, I'm not sure that anyone knows right now how much targeted internet advertising or data mining is "worth." If Facebook doesn't continue to grow and innovate -- or if they commit one significant mis-step on user privacy, or if the government steps in to regulate what can be collected -- they may not be worth the $100 billion of their IPO. But when Amazon launched its IPO in 1997, who could have foreseen that what basically amounted to an online bookseller would end up (probably) putting companies like Best Buy out of business, not to mention becoming a major player in e-book/tablet hardware?

I don't know a lot about investing. I'm not sure what Facebook is really "worth" in terms of incomprehensible numbers like $100 billion. I do, however, see firsthand on a daily basis how it influences the lives of its users -- especially users in my age group -- and I really believe that's worth an almost offensive amount of capital.

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Amazon's IPO was $54 million. And that was for a company with physical distribution centers, inventory, etc.
Google's IPO was $1.67 billion.

Facebook has 845 million users in a world of only 2,267,233,742 (give or take one or two) internet connected people. The offensive amount of capital raised is going to be used to buy other companies. Like AOL which influenced the lives of its users tremendously did.

Adam said:

All this is tangential to me real problem which I'm kinda glossing over. I don't think Facebook is worth anywhere near $100B.

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Hey, you know that talk Varys had with Tyrion about power? Yeah, the economy kinda works the same way...

@Li3n said:

Hey, you know that talk Varys had with Tyrion about power? Yeah, the economy kinda works the same way...

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The smallest men cast the biggest shadows?

@Li3n said:

Hey, you know that talk Varys had with Tyrion about power? Yeah, the economy kinda works the same way...

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I have no idea what you're talking about.

Of course it doesn't really matter what you're talking about because the market has spoken in a very loud, very clear voice agreeing with me.

He's saying that value is perception, which is true to a degree.

The problem is that it turns out that nobody percieved Facebook to be worth what the IPO called for. I don't think I heard a single positive analysis of the FB IPO before it launched. I think everyone expected it to tank after the banks stopped holding the prices up.

Necronic said:

He's saying that value is perception, which is true to a degree.

The problem is that it turns out that nobody percieved Facebook to be worth what the IPO called for. I don't think I heard a single positive analysis of the FB IPO before it launched. I think everyone expected it to tank after the banks stopped holding the prices up.

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I heard really excited, positive evaluations of the FB IPO before it launched. I just didn't hear it from people who knew what they were talking about. The media hyped this up big time, and I think at least some people bought into that. That's the only reason it didn't nosedive right away (well, that and Morgan Stanley was trying to keep it afloat that first week single-handedly). Then people came to realize that the analysts, the ones who do this sort of thing for a living, knew what they were talking about in regards to FB's value.

I DID hear it hyped before the change in the price, but when they shifted to the 38$ mark I only heard people saying bwahh? really? Saying that the company was legitimately valued at 100 BILLION dollars was just crazy. That put it in the range of major manufacturing firms like Ford or General Electric. And compare that to other software/tech firms like Activision Blizzard, which sits at 18 bil. And then consider that they really only have A SINGLE PRODUCT (advertising/datamining).

It just made no sense whatsoever. Apparetnly Zuckerberg also lost about 5 bil in this IPO, and if I was him I would consider suing his advisors in this. Whoever set that 38$ price should definitely be laughed out of the business.

Dave said:

The smallest men cast the biggest shadows?

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Pretty sure it was "can cast a big shadow" or something like it...

BUMP

*snicker*

Closed at 19.32 yesterday.

Adam said:

BUMP

*snicker*

Closed at 19.32 yesterday.

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Wow, that's brutal.

https://www.google.com/finance?client=ob&q=NASDAQ:FB