The Facebook IPO: Shareholders Weren't Invited to the Real Party:
http://www.commondreams.org/view/2012/05/25-1
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The Facebook IPO: Shareholders Weren't Invited to the Real Party:
http://www.commondreams.org/view/2012/05/25-1
Sammyvalentine is right. Not only did a lot of investment banks go out of business, but the reason they become bank holding companies is to diversify into other areas of banking. That structure gives them a broader range of activities where they can avoid bank regulations and make money. In fact, if they file as financial holding companies, which requires almost no approval at all, they can diversify into the insurance industry and have a nearly unlimited number of (financial-related) activities they can engage in.
There's no doubt that having a network of a billion people is worth something. But they have a ton of work to do in order to turn that into a money-making machine the way google did with their advertisements. Whereas google provides a free service to searchers, at least the search engine users are already engaged in the act of commerce. If they are looking for products or services they are ready to buy. As many have said, who the heck goes onto facebook, and then gets distracted by one of the banners on the side.
Morgan Stanley & Goldman Sachs applied for their change of status, right in the middle of the meltdown, so they could join the Federal Reserve. This allowed them to get in on TARP & extort enough control over the AIG bailout that they didn't have to take any kind of haircut.
facebook 'Bears', today we can put our money where our mouth is.
First day of trading of options and futures. Which, for those who don't know the terms for 'playing the market', means we can make money if the stock price goes down.
Burn, baby, burn!
The stock price continues to slip downwards.
http://www.reuters.com/article/2012/...8GTBID20120529
An interesting observation/insight by Julian Assange about Facebook... from earlier this year:
Julian Assange says Facebook is the most appalling spying machine that's ever been invented - YouTube
Is it just here, or is Facebook down everywhere?
typical pump and dump scheme, keep listening to the TV for investment advice SMH