Countdown to FB IPO

RampageWake · Posted: May 21, 2012 9:20 am Post subject:

I see nothing wrong with this...

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

RampageWake, dude... it's Facebook. It doesn't have to make sense.

eeven73 · Posted: May 23, 2012 7:08 am Post subject:

http://www.forbes.com/sites/steveschaefer/2012/05/23/facebook-lawsuits-start-flying-targets-include-zuckerberg-morgan-stanley/

And since they didn't get rich now its time to sue. Mad

chavez · RIP MHL 04/25/1958 - 01/11/2006

eeven73, no wai! I have serious doubts that any of those lawsuits will result in a payday for those people. Primarily because the information they cite about FB having issues monetizing mobile was both well known and public prior to trading. IOW: the suits are baseless and a waste of taxpayer dollars. I hope the judges toss them out post haste.

On another note, FB is up 3% today.

JV · Posted: May 23, 2012 7:46 am Post subject:

I think I like the fact that I don't understand a single word in this thread. Blissful in my ignorance.

Okie Boarder · Ladies Man Joined: 03 Mar 2008 Posts: 10056 City: Edmond

I just saw another article about the lawsuits. I always considered buying and selling stock to be risky, but usually a calculated risk. If nothing unethical or illegal was done during the process, the lawsuits should be thrown out. Win some lose some...not win some, don't let me lose or I'll sue.

jryoung · Ladies Man Joined: 19 Mar 2004 Posts: 7664 City: Man Jose

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

STPHNSN23 · Guest

and ads don't even show up for mobile users, which is their fastest growing segment.

but the ad revenue should be a secondary concern. fb really needs to figure out how they're going to package all the information they have available and sell it. that's how they're going to make real money. you have a billion users who tell you their likes and dislikes. companies will pay for that if you can give it to them in a useful form.

jryoung · Ladies Man Joined: 19 Mar 2004 Posts: 7664 City: Man Jose

I agree 100%. But's hard to ignore the fact that they have the users...that's over half the battle IMO. No doubt this has been thought about for the last 5 years, if they can turn the corner here the results could be impressive.

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

facebook has disaster written all over it.

dirtysparks · Wakeboarder.Commie Joined: 07 Jul 2004 Posts: 2428

chavez · RIP MHL 04/25/1958 - 01/11/2006

dirtysparks, I was aware of the information they allege to be at issue before the IPO.

I do not work for one of the underwriters, nor do I have any access other than what was out there in public.

The lawsuits are unfounded. If they were to succeed, they would set terrible precedent, and potentially cripple the market for IPOs. If one wants only the "1%" to have any access to successful start ups, this is the way to do it.

Take it FWIW from someone who used to work in investment banking and the IPO world (albeit on a smaller scale).

Okie Boarder · Ladies Man Joined: 03 Mar 2008 Posts: 10056 City: Edmond

dirtysparks · Wakeboarder.Commie Joined: 07 Jul 2004 Posts: 2428

Chavez

The information that it was overvalued and probably not a good buy? Sure I get that, but did the investment bank call you up with this information? From what I understand, they changed some numbers around and hand fed it to some very large clients of theirs. I guess I don't have access to the types of data that you do, but isn't it more than a few people suing because their stock went down?[/b]

dirtysparks · Wakeboarder.Commie Joined: 07 Jul 2004 Posts: 2428

I do kind of find it funny that the suing shareholders

chavez · RIP MHL 04/25/1958 - 01/11/2006

dirtysparks, IF that did happen, it's on the broker, not the issue (FB). That would be straight up falsifying information and fraud. If that is the case it would and should be criminal, not civil (although civil suits would come in to play). Furthermore, even if there was such an allegation, FINRA arbitration rules apply first, and the client already agreed to them (pre-dispute arbitration agreement). Therefore, the cart is way before the horse and the case would get tossed by default (kicked back to FINRA complaint level then likely arbitration).

You can't just sue a broker cuz you're pissed the stock went down. There is a process in place that every person who has a brokerage account at every broker-dealer in the land has agreed to when they opened the account.

Also FWIW, the only regulatory bodies who can determine and bring criminal charges would be the SEC and state securities divisions and I ain't heard a peep outta them on the matter other than investigating what happened with the trading glitches.

dirtysparks · Wakeboarder.Commie Joined: 07 Jul 2004 Posts: 2428

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

chavez, http://www.shaggybevo.com/board/showthread.php?t=111256 pay attention to froghorn717 and sushihorn's posts in this thread. they certainly think morgan stearn is in for some punishment, and they are pretty savvy guys irt the markets.

chavez · RIP MHL 04/25/1958 - 01/11/2006

jt09, read thru it. Maybe I read their amended filings differently, but it seemed pretty clear from my seat that the announcement that mobile was in the driver's seat and they weren't making ad money on mobile as a highly negative announcement... well then I will send this guy over with a tack hammer to enlighten them

Seriously though, if the analyst info was only being made available to select investors, there is a big problem at MS and others. If FB was specifically tipping off select investors, then FB is in deep chit.

Either way, lawsuits are premature at this time. FINRA/SEC need to sort through it to see what, if any wrongdoing occurred. If they find violations, they can order restitution. If the restitution is deemed insufficient, then maybe a lawsuit might proceed on that basis. In any event, the cart is in front of the horse. I would expect no less from the class-action sharks, though.

jryoung · Ladies Man Joined: 19 Mar 2004 Posts: 7664 City: Man Jose

People do stupid stuff all the time, especially when motivated by money or getting on Youtube. However, you'd have to think that with the most highly anticipated IPO since Google, and the negative light on the banking industry at the moment that people wouldn't be THAT stupid.

Hard to say though, we only get the details as reported, not all the facts.

STPHNSN23 · Guest

yay for congressional investigations! this is getting ridiculous.

jjaszkow · Posted: May 24, 2012 8:59 am Post subject:

All of the lawsuit discussion and discussion surrounding trade execution delays got me thinking a bit. What ever happened to researching an investment, buying on fundamentals and long term potential, and then holding it until it at least can qualify for long term capital gains? As near as I can tell, a vast majority of the complaining seems to be coming from retail investors, who would seem to benefit from not worrying about what a stock does in the first few days.

That said ... I've read about a few strange things surrounding the IPO road show and trading delays on the first day that should certainly receive some investigative attention.

STPHNSN23 · Guest

chavez · RIP MHL 04/25/1958 - 01/11/2006

http://allthingsd.com/20120525/suing-facebook-best-of-luck/

Lindsay · Posted: May 26, 2012 5:45 am Post subject:

RampageWake · Posted: May 29, 2012 11:30 am Post subject:

buckthis · Posted: May 30, 2012 12:46 pm Post subject:

On a positive note fb helped my son get to the top of his HS class in a stock game they were playing on line. He was in nearly last place on the last day so he sold everything and went short on fb, worked like a charm!, giving him the highest earnings in the class.

ontrider · Ladies Man Joined: 30 Jul 2003 Posts: 16491 City: Russia

$28.19 -0.65‎ (-2.25%‎)

Still time to get in!!!!

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

Sinkoumn · Posted: May 31, 2012 9:25 pm Post subject:

^logged in, just to post "lulz" at that Laughing

Good show ol'man!

eeven73 · Posted: Jun 04, 2012 8:13 am Post subject:

Doesn't appear to be a bottom in sight.

26.81
-0.91 (-3.28%)

jryoung · Ladies Man Joined: 19 Mar 2004 Posts: 7664 City: Man Jose

I'm sure all the employees are thrilled right now since they're locked out and watching their RSU value dwindle.

Actually, I talked to my buddy this weekend who works there and he has an attitude similar to mine (in relation to company stock) in that it's is "house money". We've never "valued" it or counted on it to pay for something as they rest of our comp packages are fair market.

jt09 · Ladies Man Joined: 16 Jan 2003 Posts: 22083 City: Austin

wow - just noticed in last week's austin business journal that an austin lawyer was denied access to the pre-ipo and has filed w/ the courts for access. i know the guy - his kid played for me when i coached lacrosse. i'll post the article when i get home (fb is blocked at work, and that includes articles w/ fb in the title).

marcg · Addict Joined: 16 Jan 2003 Posts: 944 City: Salt Lake City

LET THE SLAUGHTER BEGIN!!!!!!
Any predictions on what this hunk of stuff might settle at? I'm thinking around 18.