IPO flops of the dot-com era
Facebook's debut on Wall Street was seen as a debacle after the shares lost value almost from the get-go. Investors flashed back to other times that hype outpaced reality in the tech sector.
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Facebook is too big for their britges & they are prejudice when it comes to communicating with Seniors. Money isn't everything. Was offered riches man in Canada in my 20'sate 60's. Rejected for the thought of a wonderful future doing my own thing. Lost my first love--Frank Stronach, & felt sorry later, but money isn't everything when you are young.
The potential for Facebook to grow, is there, however,only if provides a tanglible product linked to user typical consumable. Even making just a penny gained in each transaction would have enable them to collect some daily expense revenue. As it stands, what did they offer? an interconnection, with web revenues of typical nature? then when an a-typical IPO price? volume of users makes up for potential market? W R O N G it is my estimate that 1/2 the visits to their sites have enable, advertisement, either on content or portal with dynamic banners. Half the time, hits end up with 1/2 of them being "forced" or coeherced due t. It is then slowed, yet typical type access. Some revenue colections there. Dont see anything else. May be I am wrong?
time Sybil and Gertrude were prepared to face beggary without a qualm. It had been his pride to give them the largest allowance of any girls at the school, not even excepting the granddaughter of Fladden the Borax King, and his soul recoiled from this discipline as it had never recoiled from the ruder method of the earlier phase. Both girls had developed to a high pitch in their mutual recriminations a gift for damaging retort, and he found it an altogether deadlier thing than the power of the raised voice that had always cowed my aunt. Whenever he became heated with them, they frowned as if involuntarily, drew in their breath sharply, said: "Daddy, you really must not say--" and corrected his pronunciation. Then, at a great advantage, they resumed the discussion....
The fact that analysts only project FB to make $.48 per share this year and $.61 per share next year doesn't that mean the the real value of shares would be somewhere between $7.20 (15 times earnings) and $12 (25 times earnings) right now? Even using next years projections, it only brings you to a price of $9.15 (15 times next years projections) and $15.25 (25 times earnings).
I find it ironic that all the "inside connected folks" that got in on the initial IPO and wanted to make a quick buck on it got burned and now are crying - We didn't hear you veying when you got in on the initial IPO - suck it up crybabies!
FB had nothing to sell but HOT AIR - Revenue from Advertising............
Big wonder it's failing....................
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$.01
Facebook is old and tired and the only reason I have an account is because my local paper requires you to post through Facebook. I have no other information available.
As a HR manager I check FB to see if a prospective employee has a page and just what they have been up to. I have passed on many because of their activities.
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