TonyPotts
Follow
Find tag "cnbc"
9.5K views | +0 today
TonyPotts
Insight Into All Things Entertainment & The Social Zeitgeist
Curated by TonyPotts
Your new post is loading...
Your new post is loading...
Scooped by TonyPotts
Scoop.it!

TONY POTTS: Still Happy I Didn't Buy Any Facebook, However....

TONY POTTS: Still Happy I Didn't Buy Any Facebook, However.... | TonyPotts | Scoop.it

As I mentioned before, when Facebook decided to issue even more stock in the final days leading up to its IPO, I saw that as a sign to stay away. It also increased it's IPO price at the last minute. Not a good double-whammy.  More is not better. Better is better. And in this case, less is more as in less stock, more demand. Sure there were NASDAQ glitches, but not everyone was sold on Facebook's valuation. Had the IPO happened two years ago, when FB was adding people at a blitzkreig rate, the price with enormous growth ahead would be justified. When FB gets to 1-billion users, then what? 500m to 700m is easier than 1b-1.2b.

Do you know who is the big winner in the Facebook IPO? Google.

 

Here are a couple of good references:

http://www.forbes.com/sites/davidmaris/2012/05/21/facebook-stock-drops-what-really-goes-on-in-ipos/

http://news.cnet.com/8301-1023_3-57438348-93/why-facebooks-stock-is-tanking/

more...
No comment yet.
Scooped by TonyPotts
Scoop.it!

BUFFETT IN DA' HOUSE!: New Dad Jay-Z Giddy at 40/40 Club Re-Opening

BUFFETT IN DA' HOUSE!: New Dad Jay-Z Giddy at 40/40 Club Re-Opening | TonyPotts | Scoop.it
The new dad stepped out sans Beyoncé to show off the new 40/40 club...
more...
No comment yet.
Scooped by TonyPotts
Scoop.it!

HUGE LOSSES/GAINS: Real-Time Billionaires and Wal-Mart Fraud

HUGE LOSSES/GAINS: Real-Time Billionaires and Wal-Mart Fraud | TonyPotts | Scoop.it
Track the biggest gains and losses of the day for the major holdings of a select group of billionaires.
more...
No comment yet.