Standing at the pearly gates, so what good things have you given in life?
Created misery for millions of people for my own profit and enjoyment.
Hate for that to be hanging over my head!
They didn't make the misery. It was your moronic decision to by a stock that made now sense to buy based on any credible means of evaluation. You were greedy and stupid. What happens to greedy and stupid people, they lose their money. Do some research sometime. Do the numbers. This stock should be trading around twelve dollars a share based on the numbers.
Jeez, we're doing the longs a favour and giving you all the warning signs based on our experience of being screwed by stocks like FB and holding the bag. All you have to do is pay attention.
Get a grip.
Where the F$%^ does the justification for $100B MKT CAP come from????? That so many of us waste 10 to 30 minutes a day on their website doing nothing. Certainly no stock metric in the world justifies $100B MKT CAP. FB is a $10B MKT CAP stock.
Those who short keep idiots from riding dead horses, look at Enron and Lucent as great examples.
All stocks and company’s you destroyed.
Millions of people you have stolen from!
One day you will pay the price one way or another!
I hope your spirit is blessed, you are going to need it!
$10B for FB is highly overvaluing it's potential. FB at even $1B is a mistake. By purchasing Instagram for an impossibly high valuation of $1 billion, FB hoped to justify it's increased IPO valuation to 100 times that number.
FB was projected at 81+ times (revised from 20x, and 60x, as more information is gleaned) it's current earnings. If they are at 1 billion users and a miniscule number of users purchase stuff, Over 81x P/E (some say 90x is what they want) means 81 billion (90 billion?) users growth. I'm guessing we would need to step up the number of births in the world from 7 billion to 81 billion to make sure FB makes it's targets!!! Add to the fact that 25% of the world are under poverty levels with no reason to access FB, and 3 out of 5 users of the US researched have either cancelled their subscription or claimed to not want anything to do with FB and it's broadcasting model, and you will realize how much growth we are talking about. At the most there may be only about a 100 million users, if even that much. Take out of the equation about 4-6 game profile accounts per single individual, animales with users accounts [dogs, cats, wolves, snakes], band pages and numerous accounts for their band members for their fans vs their personal life vs different countries, multiple accounts for developers that test the products, multiple accounts for advertisers that do not want to be recognized with different products, multiple accounts for users to check how their account looks when it is locked, etc, multiple accounts for stalkers. Oh yeah, let us not forget the number of pages for fans who make user accounts on their role model pages. Angelina Jolie for example has so many "user" accounts, and she's just a single celebrity. There's 100,000s of celebrities out there who could potentially have more than one account.
I don't think it's all shorties. There are also tons of people getting out after they have realized the mistake they made buying this. It's just about supply and demand. All the people selling have created a huge supply so this will just keep going down over the next several months. S and D might not hit a balance for a long time.