Your headline is kind of right, it is a mini-Google that is son to be a full-size Google and then a super-sized Google. You are not quite a simple as you appear.
You idiot, they are making billions on these ads when clicked on. And obviously the companies advertising are getting a return on their investment or they woulldn't keep advertising.
Hi back! I posted to you last night but Yahoo ate it up. what??? I posted to you about having lunched in front of the NYSE (tables and benches there for tourists) on FB ER day, being a resident NY'er and a long holder of FB, I thought it was appropriate. Glad you made money, post ER-day and got "FB on sale." I'm in the black too, way black!
jibberish - you better home or should I correctly say hope the market does not recognize the fraud taking place with FB - if you have an audience of 1.3 billion and half the ids are fake, the other half are so poor they can't buy anything and advertisers begin to recognize this, the loss of ad revenue will be staggering. Wait for the proof - the Buy Button when it fails will solidify the dearth of conversion. Home you have a nice day - BWAHAhaha get your water wings out for when the tidal wave comes.
That was a short's worst nightmare. A legendary investor comparing FB and those making overvaluation claims to the bet that made him so much money he was able to quit Goldman and start his hedge fund (spending everything he had on Merck options when people thought it was over-valued). Of course, he clarified that this is an even bigger nightmare for shorts as he said most over-valuation assertions are aimed at companies that haven't shown their earnings potential. :-) Nice to be WAY long this beast after a loveliest like that!
He clearly said '16 and you should stop trying to disguise your FB bashing as a desperate short by saying you own FB as that is simply not true. Good luck covering that short.
Actually he gave a 10 minute in-depth hedge fund type analysis on why every single fund manager HAS to own a huge slug of this. And it was lie he was listening to all the dopes on this board (of course he isn't) who say iFB is overvalued and make stupid market cap comparison, like I see here with Google, KO, etc. He went on to elucidate why they are pointless and why his $90 target was likely WAY conservative:-) Boom!
almost. 124M shares traded. Those who bought @78,77,76,75 were not able to take loss but watched it doing down but when it opens 2 or 3 points their losses mounts and pressure builds. Market maker eventually makes you sell@60s. Remember alot of people bought in this fiasco. Cascade of selling happens tomorrow.
He already sold it and is terrified of how it is going to open tomorrow because he realized JC was right:-)