Facebook is listed.

[classical_hero]

http://www.news.com.au/business/markets/facebook-ipo-the-social-network-goes-public/story-e6frfm30-1226360742249

Facebook is finding out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street, after CEO Mark Zuckerberg rang the Nasdaq Stock Market opening bell Friday morning (US time) from company headquarters a continent away.

Facebook's stock rose six percent to $40 a share shortly after its highly-anticipated market debut, marking one of the largest-ever initial public offerings for a US company.

The social network priced its IPO at $38 a share Thursday, the top end of its range, indicating tremendous investor appetite for the offering.

Seconds after shares debuted, the stock rose 13 percent to nearly $43 a share. But within moments, shares trimmed their gains.

Click like if you like this. Where do you see the stock performing in the long term?

 

[Zelig]

Click like if you like this. Where do you see the stock performing in the long term?

Not well enough for me to consider buying it.

 

[Synobun]

I know nothing about stocks and the exchange system, but I feel that it would be unwise to buy into this significantly.

 

[Verarde]

I feel like eventually it will bust. Facebook is too big for it to last forever. I wouldn't buy into it.

 

[Tahuti]

I'm seriously considering shorting on FB.

 

[Kozmos]

Pump n dump.

 

[G-Max]

Short FB stock, then tell all of your friends to switch back to Myspace.

Instant win.

 

[Integral]

With a market value of $104 billion, Facebook would be among the most valuable US companies, ahead of sector giants Amazon ($98 billion) and Cisco ($89 billion), and more than twice the value of Ford Motor Co. ($38 billion).

But it remains behind Google ($203 billion) and Apple ($495 billion).

$100bn social networking site. Well, the market has spoken.

 

[Antilogic]

What does their revenue stream look like? Is it still going to be ad-supported, or are they planning on charging subscription fees now?

 

[Kozmos]

$100bn social networking site. Well, the market has spoken.

Apple is worth more than Google? The hell? That's just disgusting.

 

[Zelig]

Apple is worth more than Google? The hell? That's just disgusting.

Nah, that seems reasonable, if you look at their numbers, and take into account that roughly 100% of Google's revenues come from selling ads online.

 

[mangxema]

What does their revenue stream look like? Is it still going to be ad-supported, or are they planning on charging subscription fees now?

I would imagine they'd stick with the ads, since that's how they got a large user base in the first place. However, if they keep that model, there's a huge loophole in which lots of ad-blocking freeloaders like me can slip through.

 

[cardgame]

Google also has a lot of loss services (free, money-losing things like I don't know, Picasa) to attract more people and make itself out to be friendly and all that.

 

[Zelig]

I would imagine they'd stick with the ads, since that's how they got a large user base in the first place. However, if they keep that model, there's a huge loophole in which lots of ad-blocking freeloaders like me can slip through.

Not that big of a loophole, they should probably be forcing https connections anyway, where you can't use adblock.

 

[Monsterzuma]

i don't know what fecesbook does, but i'm skeptical that it's anything that another company can't easily mimic and provide cheaper once they start charging a fee for it.

 

[Save_Ferris]

Facebook's just another bubble. I'd say it's already on a relative decline.

 

[Monsterzuma]

Spoiler :

Spoiler :

http://www.ritholtz.com/blog/2012/05/graphic-comparing-fb-with-other-tech-ipos/

 

[Bootstoots]

Looks pretty bubbly to me. Not knowing anything about making money, or really anything else about money as I've found by browsing the money thread, I have to ask: is there some way people can make money by betting against facebook? If so, what are those people doing?

 

[Monsterzuma]

you can short-sell their stock: you borrow stocks from other people, sell them on the market and buy them back when you're expected to return the stocks to the people you borrowed them from. if the price has dropped in the mean time, you pocket the difference in price. of course if the price has risen, you take a loss.

if you have an internet broker you can typically "short" stocks like this with a single button click. you can also do it on leverage (i.e. using borrowed money) if you want to multiply the effect of your bet. in certain special cases shorting gets outlawed.

If so, what are those people doing?

The price you see already has the effect of short-selling factored in, so any short selling that is going on is being overwhelmed by regular buying so far.

 

[Leoreth]

It's completely insane. I've heard that Facebook needs to increase their revenue per user 25-fold to be worth that.

Short FB stock, then tell all of your friends to switch back to Myspace.

Instant win.

You seem to have a lot of friends.