patrick.net

The feedback I have gotten from a colleague trying to find a house from Palo Alto to Belmont is that homes are moving briskly and there is little inventory.

Lets see what Facebook options are worth in 6 months.

My guess is that it is related to the HP layoff of 30,000 people: http://www.nytimes.com/2012/05/18/technology/hewlett-packard-plans-job-cutbacks.html

Their HQ, which just recently moved to Palo Alto, was in Cupertino for the longest time. No doubt, many of their employees still live in Cupertino.

30,000 people is nothing compared to the 1000 millionaires Facebook will make. We all now that everyone needs 300 houses when they make it rich. Also, in 6 months and FB is single digits, will the insiders be spending or frugal? hmmm

Facebook down 8% this morning.

It is not just Facebook.
There are lots Facebook similar companies are planing to go public if Facebook stock double or triple.
Now the dream is over.

gee, I guess fundamentals do matter when it comes to valuations.

LarryPatrickMaloney says

notice a gazillion For Sale Signs

According to redfin.com there are 33 homes for sale in Cupertino right now. I guess we have different definitions of a "gazillion."

Goran_K says

gee, I guess fundamentals do matter when it comes to valuations.

Nah man, that's the OLD paradigm. Profits don't matter now, with Web Economy 2.0! It's different this time.

bmwman91 says

Nah man, that's the OLD paradigm. Profits don't matter now, with Web Economy 2.0! It's different this time.

I'm so glad people's memories aren't so short these days. Maybe we do have hope to return to some sort of non-bubble economy (I doubt it, but one can dream).

tiny tina says

LarryPatrickMaloney says

notice a gazillion For Sale Signs

According to redfin.com there are 33 homes for sale in Cupertino right now. I guess we have different definitions of a "gazillion."

People are now selling their homes on facebook and donating the 6% to the employees who bought homes in Palo Alto and are already underwater. ;)

is the lockout period 6month still? Any bets on where FB stock is going to be in 6months? I'm guessing teens...

Teens would be a good guess since they are trending towards mid-20s right now.

I guess some of these brokers aren't going to be going to the Hamptons for vacation this year.

Sertpentor,

I got an A- on my last Calculus exam...

wthrfrk80 says

Sertpentor,

I got an A- on my last Calculus exam...

GTFO

damnit pic attach doesn't work

Testing picture attachment...

Seems to work. How does it fail for you?

I hit choose file, selected a gif, then upload image, then submit comment. Only my comment shows up. Shrug

using chrome browser

When you hit "Upload Image" it should put some HTML in the comment box creating a link for your image.

Does it do at least that much?

ahh.. no it doesn't do that.

The options indicate to me this will hit at least $24 soon

The P/E ratio at least to me tells me that $8-10 is a good price.

It's still way...way over priced.

Goran_K says

gee, I guess fundamentals do matter when it comes to valuations.

Fundamentals have a way of catching up eventually. Everyone tries to cash out before that happens.

Any way to find out the avg strike price of fb employee options?

I don't think that there is a strike price. They were given RSA's, not options. They get to sell at whatever it is valued at in ~6 months, as far as I am aware.

mdovell says

The options indicate to me this will hit at least $24 soon

The P/E ratio at least to me tells me that $8-10 is a good price.

It's still way...way over priced.

I have an open order for my Mother (she wants some shares because FucBook is the only things she uses on the internet). I told her to sit back and I will get her some eventually. My buy price is $4.10/sh and I'll sit tight until I get it. :) They are a 10B dollar company. That from a dorm room is still a great story. 100B, Nope, sorry. Your not building cars, building phones, mining gold or oil. You are spreading gossip and pictures FCOL! At least LinkedIn helps people find work. Fucbook just sucks away your time.

http://finance.fortune.cnn.com/2012/05/18/facebook-stock-spooked-taxes/

sounds like it'll be a race to see who can get out first. lol

No limit to Cali libkook baby boomer greed. First they outsourced high tech jobs for young people to third-world nations like China and India, now they've all voted themselves big salaries, benefits, and high real estate costs. They want somebody else to pay for their health care, retirement, and mortgage. It's "compassionate", and I must be a scumbucket for noticing their collaboration with the demoncratic party to steal from me and my generation.