Or more of the same groupthink autistic double talk indifference to investors. Face it folks, this group doesn't care, and until this CEO COO and CFO are broken up and wake up to reality, this stock is going nowhere fast fast fast.
This board of directors has nothing to add, nothing to say, and no one has any sway over Zuck. The only thing keeping FB above $22 is Zuck. He told people to basically double down at $18, and he wants to keep hiring new staff. If the stock tanks further, he looks like a bald faced swindler, and he probably will not be able to keep the ship in order under $20.
If you want to gamble, gamble. But FB is no longer a calculated risk. It's proven to be a reckless bunch of megalomaniaical groupthunk amateurs. So much promise, so much cash, so much they could have done quickly to make up for the idiotic IPO and the terrible performance. Instead they release terrible phone home, tangential book tour, and PAC that doesn't offer a dime for shareholder value. They all need a course in ethics and common decency. FB should be rechristened the IPO Titanic.
Sentiment: Sell
I set the bottom at $23.23.
Right now though is a very dangerous period. If FB continues to be in its own world after the shareholders meeting a further drop to $21 or $22 is possible with further bad guidance. If they finally say something constructive at the mtg, perhaps a rebound pop occurs.
The best reason to buy right now is that Zuck can't really let the stock drop much below $23 since he basically advised folks to double down at $18. If you still believe in FB, and Zuck's vision for 2014, and have money to speculate, and don't mind if it craters around $22, now is the time to buy.
I have no faith in any of this anymore, and I believe this is all smoke and mirrors and greed and groupthink now. And Wall Street has had enough of this until there is a new tone at FB HQ. They clearly are clueless and totally indifferent about investor sentiment right now, the antipathy is staggering, and they have their money. They've wasted so much goodwill I don't see how they get it back without something dramatic like gambling dating buying twitter or starting a search engine.
Whatever they're thinking, they are on their own timeline which could be years. Who knows. The most egregious example of selfishness and silo thinking in the history of the IPO. The entire board of directors should be asked to resign for failing to do a thing to address shareholder value and accountability.
Sentiment: Buy
Read some of the earlier posts and you'll see why.
We are at the bottom for now, but Barron's has the top at $25, so it's just trading aimlessly until after the shareholders meeting. This is speculation, pure and simple.
Sentiment: Hold
If this were any other company with actual grownups running things it would be a perfectly reasonable gamble. Not with this bunch. They revel in their ability to haughtily laugh at wall street and silly investors. FB mgmt. has become a bunch of rogue leaders out to prove wall street are fools, and that they can do anything they want with impunity.
Sentiment: Sell
I cannot understand her behavior in the slightest. If she really believes in the company she should be selling it to women to invest, and keeping hate speech against women off FB.
ANY OTHER COO would have already had to resign after her book tour and selling spree while the stock tanks after the worst IPO rookie performance ever. There is no accountability obviously.
She should resign and move on for the sake of shareholders. She has nothing left to prove to herself and could care less about investors.
Sentiment: Hold
I'm afraid he's going down right now as the captain of the IPO Titanic.
Sentiment: Hold
Already tanked as sell in May, Island reversal, shareholder mtg coming. Downward pressure is exhausted. Called the bottom at $23.23. Barron's says $25 is the top.
Will only tank below $23 if mgmt gives some unsolicited bad guidance. So much bad news and antipathy already baked in. Seems very unlikely.
If only a board member or shareholder would speak up at the mtg. Such a waste of resources and potential ...
Sentiment: Hold
The lawsuits are still active. Another reason this stock is such a puzzle.
You'd think they'd want to diffuse some of the anger and the massive losses.
They're on autopilot, and want to prove they are superior to the market.
You'd think they were inventing cold fusion or working on an immortality serum they way they behave.
Pathetic. Can't wait to dump.
Sentiment: Hold
ditto
but the only thing FB pays attention to is their advertisers. Write to the advertisers on FB and demand Sandberg resign . She can't even keep hate speech against women out.
Sentiment: Sell
Agreed. No way to know what's going on with these people. They are a renegade anti company, and are bizarre, unpredictable, autistic in their mgmt. style and infected with idiotic groupthink and distaste for investors. Wasting all the money goodwill excitement and for nothing. No reason except that they just don't care.
We should know a bit more from the shareholder mtg, and running into July. After that, if there is no evidence that there is an adult in the room, or Sandberg does not announce her resignation, i'm dumping most of my shares and taking the loss. This is the biggest bunch of self centered mgmt. people in history. I'm holding some until July 15 then chalking this up to one of the most bizarre episodes in U.S. economic history. Can Twitter do worse? I cannot see how.
Sentiment: Hold
Let me be clear - I hate this stock and this company. They typify everything that is wrong with our vulture, elitist, vampiric capitalist society. This is a Romney company, completely indifferent to the 47% and the 99% and 100% of small investors.
However they have met their revenue estimates since the CEO said the stock was worth $18 almost a year ago. It has a moat and is the most trafficked web site in history.
At $23 it trades at barely 5x BV. While Barron's says it's worth no more than $25, I think there is an objective case to make that the selling pressure being exerted is due in part to personal and cultural antipathy to a group of mgmt. that is trying to swindle investors.
Still, this stock will not go below $22. Not because of its CFO investor relations board of directors or COO. Not because of its great corporate culture or prospects or EBITDA. It will stay above $22 because if it does NOT, Zuckerberg will be called either incompetent or misleading as a CEO. He strongly suggested that people double down at $18 almost a year ago. If the stock goes back to $18 he will be proven to have mislead the public. His aura of being the next Jobs Gates Bezos will be gone and he will not be able to hire new coders. They will all go to Twitter or Pinterest or whatever else is hot.
I do not think that the CEO is a sociopath or a liar or is trying to get people to lose money. But if this stock falls below $20, when he said that $18 was a good number to double down with, I believe a FINRA investigation should be opened, and a serious discussion about mismanagement and fiduciary duties is necessary.
Sentiment: Hold
Ordinarily analysts upgrades would move the stock, but I believe once people like me give up, capitulation sets in.
Unless the board of the CEO says something at the shareholders mtg, this may be stuck with a resistance at $25. The fact that no one on the board, the COO and the CFO won't say anything encouraging is just silly at this point. Fascinating equity theatre. Bizarre and pointless.
Certainly this stock is worth $23 unless Zuckerberg starts dumping shares. The board of directors should at least issue a statement explaining that this is still a publicly traded company.
Sentiment: Hold
Unless you have a direct channel to the board of directors, or can exert some pressure on Sandberg to get a reality check, I am not optimistic. No one has any influence on the CEO apparently, and that means this is just gambling right now with your money and hoping for FB to conquer mobile and to stop giving away millions of shares.
Right now this is still a company that thinks it's a private equity group living in its own world. Sad.
Sentiment: Hold
If it's logical or beneficial for shareholders they are instinctively running away from it. Their entire mentality is anti wall street and public trading. This is the first ANTI public company. They will do anything to show how little investors or the stock price matter.
Twitter purchase would make too much sense. Zuckerberg is so fixated on his own world and his own thinking, such a strategic play wouldn't make any sense to him. And Sandberg doesn't seem to grasp that are an angry shareholders at all or that they matter. This is what happens when you have no accountability no board no interest in the shareholders. A black hole where the stock is going to flounder.
If you can get Sandberg to resign, that would be a start. The mgmt. needs some sort of wake up call.
Sentiment: Hold
Do you think the shareholders even care at this point? I see nothing about their frustration. Do people actually go? Is there even a formal group of activist shareholders? Never found one.
Sentiment: Hold
If you have a practical suggestion as to how do what appears to be the impossible I'm all ears.
Zuck and Sandberg are living in their own worlds, accountable to no one. The Board has nothing to say, investors don't care, the media won't take them on. Very sad.
I don't understand why Sandberg isn't getting more heat.
Sentiment: Hold
Have Sandberg resign.
Sentiment: Hold
Well I'm ready to start a group to demand her resignation but no one is helping.
Sentiment: Hold
It's sell in May go away time, along with summer approaching. After the island tracing it's hard to imagine much more downward pressure to push the stock down to $22. I really doubt it. We're only at $24 because Sandberg speaks, the stock tanks. Even on women's hate speech issues, she can't lean in.
If this were a perfect world with real accountability, the COO CFO and the Board would be raked over the coals by now. There is no voice sadly for the powerless investor.
Sentiment: Hold
Doesn't matter what technical signs are left. Zuckerberg still set the floor at the end of the day. Prior flfloor was $18.
He cannot allow the stock to fall back to $18, since then everyone would finally realize that the emperor has no clothes. Technicals and usual rules just don't aply with FB since it's so easily manipulated and it is just not treated like any othet stock.
There is also a bias and clear antipathy now established towards FB due to their impossibly bad rookie year. insititional ownership isn't there. The only reason it stays above $20, and it will, is because Zuck needs to be able to tell employees and interviewees that I still control things and wer'er of course going to dip but we're staying in the $24-$29 range.
Without much support or pump or basic COO and CEO performance the stock should be a $35. It's at $24 because FB doesn't give a damn.
A pathetic selfish group of people running things there. .
Sentiment: Hold