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Indeed, honestly, when you look at facebook in the ebb and flow things; its peak was in 2009-2010.
By early 2011 the first falloff of disinterest began and nowadays I find it in the same state as Myspace circa 2007; well into its death throes, but no one has truly poked at it yet. They might use the same deceitful tactics as Activision-Blizzard did in WoW to cloak the massive drop in active users; but it is very much a shell of what it was a few years ago in actual usage.
Though not brilliant by any measure, going public to me was affirmation that Zuckerberg and crew knew the party was coming to a close and time to wring the last bit out.
CrazyMan
2012 May 22, 2:23am
Thats just BS from journalist.. you cant sell anything on the secondary market unless its fully approved by the Board of Directors (Due to Goverence) and must be in compliance with SEC limits of 500 investors. Pre Ipo stock very often is restricted from trading and transfering to other parties. The 1000s is really not feasible...
Although I think Facebook is a turd, I know 1st hand this is not the case.
I personally know 2 very early engineers that "worked" at Facebook. Both have sold a large portion of their shares on the secondary market and have both made millions. One of them moved to Washington about 6 months ago and said he'd save "millions" just in taxes and has since "retired". He told me he got $30 a share. The other already owns a house here and has since "retired".
Again, I pretty much hate FakeFriendBook with a passion, but they most certainly did sell a ton of shares on the secondary market.
Patrick
2012 May 22, 8:46am
APOCALYPSEFUCK isFrank Sinatra says
Zuckfuck will be facing some awesome law suits by disgruntled investors very soon.
Good call! It has already happened:
Patrick
2012 May 22, 2:08pm
Good call! It has already happened:
I gave the wrong link. This is the one actually about possible wrongdoing by Facebook:
http://www.reuters.com/article/2012/05/22/us-facebook-galvin-idUSBRE84L1BS20120522
REpro
2012 May 22, 3:39pm
Mark Zuckerberg as well as owners of Morgan Stanley, Charles Schwab, and Goldman Sachs all has the same ancestry - famous of screwing regular folks.
bubblesitter
2012 May 22, 11:50pm
Morgan Stanley, Charles Schwab, and Goldman Sachs all has the same ancestry - famous of screwing regular folks.
All because of greed of regular folks.
zzyzzx
2012 May 23, 12:00am
I once predicted that microsoft would have to give away Office, and I see they did.
Where can I get a free copy of Office?
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So what happening with the FB IPO, so far it has failed to explode upwards in price as predicted by lots of financial analysts.
Are people finally realizing that its all hype, and generated only to make a profit for the I-Banks/institutions.
I firmly believe that FB has had it finest moment, and it will start to fade from here on out. With the advent of more people accessing socail media on smart phones, FB will not be able to realize any substantial profits derived from small ads not being present.
Any thoughts?