Facebook IPO

[Ben]

The Facebook IPO: Shareholders Weren't Invited to the Real Party:

http://www.commondreams.org/view/2012/05/25-1

[robertlouis]

Lol @ morgan stanley and the rest of "investmant banking", hey the housing bubbles has popped, so lets take even bigger risks with non existant money.

Least we not forget the investmant banking action of 2008 :-



Firm Date Founded Fate
Goldman Sachs , founded 1869 - Converted to bank holding company September 21, 2008
Morgan Stanley, founded 1935 -Converted to bank holding company September 21, 2008
Merrill Lynch , founded 1914 - Acquired by Bank of America September 15, 2008
Lehman Brothers, founded - 1850 Filed for bankruptcy September 15, 2008
Bear Stearns ,founded - 1923 Acquired by JPMorgan March 16, 2008

Hadn't realised that the great consolidation had been crammed into such a tight period Sammi - thanks.

[broncofan]

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.

[hippifried]

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.

[Queens Guy]

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!

[Ben]

The stock price continues to slip downwards.

http://www.reuters.com/article/2012/...8GTBID20120529

[Ben]

An interesting observation/insight by Julian Assange about Facebook... from earlier this year:

[hippifried]

Is it just here, or is Facebook down everywhere?

[Gouki]

typical pump and dump scheme, keep listening to the TV for investment advice SMH

[Ben]