looks like a done deal
3 days ago cook and zuck go to go china
next news pieces is fB is halting at 101bb market cap
and that fB is partnering with chinese SNS
thats whats up
zuck returns from china
and the first story is that he is looking to partner w/ a chinese SNS
thee fB is partner , w/ the fB of china
fB & REN REN
of all the stories bloomberg runs first out of the gate now that zucks china visit is over is
FB is partnering with a chinese SNS
is there anyone else
and bloomberg in the same report confirmed something ,
never confirmed publicly in the media
that fB & REN REN have officially been in talks
the only prior media mentions was the fact that
fB considered REN REN their top competition ,
what a smart savvy move by zuck to go align with ur top competitor
in a market u cant penetrate .... best of both worlds...
partner with a competitor that is leading ren ren , in a market u cant go in
win win for fB
simultaneously, REN REN super rallies and fB looks like genius' for the alignment and minority stake
great way to start an ipo
partner with chinese firm and show huge gains on the shares from minority stake
that would makes fB IPO look sexier
zuck gets china
ren ren gets jackpot
chen and zuck become iconic ceo's for the next decade
of course there are risk to the other side
but lets look at china the last 3 weeks ,
real name reform did occur and reueters reported by mid day on on the due date
19mm out of 300 mm accts signed up
so fB, and sina seem unlikely
also, sina is twitter it would be weird if fb got twitter
bc twitter will ipo soon, and they should with sina...
face book tried with budu, and failed so bidu is out
tencent is not american exchanged, and went thru real name too, now news on thier user sign ups
so ten cent is out
the other names are the interesting ones
alibaba leads to ren ren
softbank is the biggest share holder of ren ren
so that def leads to ren ren
so when i look at the list of player bloomberg posed
50 % = ren ren from the start
and they others dont fit as well..
plus ren ren is 5 buck sina is 60
ren ren is the better deal , by every measure on earth
I would think there would be more buying than we've seen if its a done deal... of course I would like this to happen just as much as the next investor in RENN but these things leak and I'm just not seeing that leak show itself yet... I'd think the share price would be hopping up big time even pre-market if it was a sure thing...
I agree. It doesn't mean it isn't going to happen - but obviously there is not enough meat on the bone to make the price action react beyond yesterday's move at the close.
However, that little blip into AHs shows the response to such an event will be met with lots of investors joining the party.
Look at the volume on ZNGA yesterday... thats an indicator of something coming... we haven't seen that...not saying ZNGA is a candidate but it would benefit from a partnership... and its showing in the share price... how come were not seeing that increase in volume in RENN is all Im saying..
Good mornin', mfel......
6.80 would b nice......next... 7.30 would B better......
and of course the nxt step is the coveted 12 even......which is
beyond ** SCINTILLATING! **......
I think one of Joe Chen's goals was to see his company's pps
get back to where it was "out-of-the-box" so to speak......
b-4 a full year expired.......just a guess.