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Author Topic: Facebook founder Mark Zuckerberg sued by shareholders over IPO  (Read 21710 times)

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« on: May 23, 2012, 09:03 »
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« Reply #1 on: May 23, 2012, 09:09 »
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I suppose it will take years to bring this to a conclusion. Good news for the lawyers.

ShadySue

  • There is a crack in everything
« Reply #2 on: May 23, 2012, 09:16 »
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I watched the Beeb documentary last week before the flotation and thought it was interesting that the UK financial experts they interviewed all thought it was a bad buy, but the Americans were much more bullish.

drugal

    This user is banned.
« Reply #3 on: May 23, 2012, 09:17 »
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It didn't take long for trouble to brew over this one. From the Daily Telegraph;

http://www.telegraph.co.uk/technology/facebook/9284832/Facebook-founder-Mark-Zuckerberg-sued-by-shareholders-over-IPO.html


I don't get this. Does the Goldman, Morgan, JP, Henry Paulson type bunch need an introduction to anyone?  They have been screwing everybody for decades now, their middle name is fraud. I used to shy away from this, but nowadays I have to agree when they talk about them as financial terrorists... it's not an overstatement at all. Oh yeah, of course it's the 'smaller guys' getting screwed again (which by now includes the mere millionaires) My take on this is that just about everybody knows by now how fraudulent these evaluations are, and they too wanted the quick, free and easy speculation-scam money,  because suddenly they thought they are in business with the insider elite by taking part in this IPO. OF course the real elite screwed them, as always. They deserve this.

« Reply #4 on: May 23, 2012, 09:21 »
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I don't think it has really started yet. I'm expecting FB's price to fall by 90% of the IPO valuation within 2 years. They have no means of generating the revenue to even remotely justify it. The emperor truly has no clothes.

ShadySue

  • There is a crack in everything
« Reply #5 on: May 23, 2012, 09:23 »
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The emperor truly has no clothes.
Interestingly, that exact idea (in so many words) is why I watched the documentary - to see if it could help me to 'get it'.
It didn't.

drugal

    This user is banned.
« Reply #6 on: May 23, 2012, 09:32 »
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I don't think it has really started yet. I'm expecting FB's price to fall by 90% of the IPO valuation within 2 years. They have no means of generating the revenue to even remotely justify it. The emperor truly has no clothes.

Zuckerbeg has been victimized by these bankers, imho. They trapped him in this scam. I hope this won't destroy FB, beside the IPO fraud, it is a decent platform to advertise yourself a photographer, and to keep connected with (possible) customers.

« Reply #7 on: May 23, 2012, 09:40 »
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Zuckerbeg has been victimized by these bankers, imho. They trapped him in this scam. I hope this won't destroy FB, beside the IPO fraud, it is a decent platform to advertise yourself a photographer, and to keep connected with (possible) customers.

Victimized? You surely must be joking.

« Reply #8 on: May 23, 2012, 09:46 »
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The expression "Live by the sword, die by the sword" comes to mind. Zuckerberg plays a pretty rough game and perhaps (with the brashness of early success) got blind to the fact that the rules do apply to him. If they - insiders and the underwriting banks - were trying to make a quick buck and leave the IPO hopefuls holding the bag as the stock price sank, I sincerely hope the regulators prosecute them.

lagereek

« Reply #9 on: May 23, 2012, 09:46 »
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The Goldman, Morgan, JP, Henry Paulson type bunch!  I mean just listen to them!  I mean Im conservatie myself, but!  just see what they stand for. Bottom of the pitts, the barrell.
You cant make a silk purse out of a sows ear. They are living proof.

drugal

    This user is banned.
« Reply #10 on: May 23, 2012, 09:48 »
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Zuckerbeg has been victimized by these bankers, imho. They trapped him in this scam. I hope this won't destroy FB, beside the IPO fraud, it is a decent platform to advertise yourself a photographer, and to keep connected with (possible) customers.

Victimized? You surely must be joking.

No I'm not. They met this young fellow who was a bit too self assured, and they saw a great opportunity for an enormous scam that probably means destroying his reputation. I'm not saying he is gonna end up in the poorhouse or anything like that. I'm not feeling terribly sorry for him either... but I think they scammed him too.

« Reply #11 on: May 23, 2012, 10:14 »
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Who are those folks you are talking about?

and no.
Dont tell me.

« Reply #12 on: May 23, 2012, 10:18 »
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I don't think it has really started yet. I'm expecting FB's price to fall by 90% of the IPO valuation within 2 years. They have no means of generating the revenue to even remotely justify it. The emperor truly has no clothes.

Zuckerbeg has been victimized by these bankers, imho. They trapped him in this scam. I hope this won't destroy FB, beside the IPO fraud, it is a decent platform to advertise yourself a photographer, and to keep connected with (possible) customers.

Hi Mark, it must be Mark right? Who else would post this.

« Reply #13 on: May 23, 2012, 10:22 »
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It didn't take long for trouble to brew over this one. From the Daily Telegraph;

http://www.telegraph.co.uk/technology/facebook/9284832/Facebook-founder-Mark-Zuckerberg-sued-by-shareholders-over-IPO.html


I don't get this. Does the Goldman, Morgan, JP, Henry Paulson type bunch need an introduction to anyone?  They have been screwing everybody for decades now, their middle name is fraud. I used to shy away from this, but nowadays I have to agree when they talk about them as financial terrorists... it's not an overstatement at all. Oh yeah, of course it's the 'smaller guys' getting screwed again (which by now includes the mere millionaires) My take on this is that just about everybody knows by now how fraudulent these evaluations are, and they too wanted the quick, free and easy speculation-scam money,  because suddenly they thought they are in business with the insider elite by taking part in this IPO. OF course the real elite screwed them, as always. They deserve this.


The company a CEO surrounds himself with is telling!

CarlssonInc

« Reply #14 on: May 23, 2012, 10:32 »
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It didn't take long for trouble to brew over this one. From the Daily Telegraph;

http://www.telegraph.co.uk/technology/facebook/9284832/Facebook-founder-Mark-Zuckerberg-sued-by-shareholders-over-IPO.html


I don't get this. Does the Goldman, Morgan, JP, Henry Paulson type bunch need an introduction to anyone?  They have been screwing everybody for decades now, their middle name is fraud. I used to shy away from this, but nowadays I have to agree when they talk about them as financial terrorists... it's not an overstatement at all. Oh yeah, of course it's the 'smaller guys' getting screwed again (which by now includes the mere millionaires) My take on this is that just about everybody knows by now how fraudulent these evaluations are, and they too wanted the quick, free and easy speculation-scam money,  because suddenly they thought they are in business with the insider elite by taking part in this IPO. OF course the real elite screwed them, as always. They deserve this.


Almost ashamed to say that before life as a photographer I worked at one of the aforementioned banks doing company valuations for mergers and acquisitions (M&A)... Do I trust bankers or anything that say? Nope. Usually these valuation exercises start out by determining with what value you want...then you just work your way back from that. There isn't ANY honesty in it whatsoever.

« Reply #15 on: May 23, 2012, 10:38 »
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Almost ashamed to say that before life as a photographer I worked at JPM doing company valuations for mergers and acquisitions (M&A)... Do I trust bankers or anything that say? Nope. Usually these valuation exercises start out by determining with what value you want...then you just work your way back from that. There isn't ANY honesty in it whatsoever.

Exactly. Funny how the IPO price just happened to conveniently value the business at a nice, round, headline-grabbing $100B. Based on ... er ... nothing at all.

drugal

    This user is banned.
« Reply #16 on: May 23, 2012, 11:24 »
0
I don't think it has really started yet. I'm expecting FB's price to fall by 90% of the IPO valuation within 2 years. They have no means of generating the revenue to even remotely justify it. The emperor truly has no clothes.

Zuckerbeg has been victimized by these bankers, imho. They trapped him in this scam. I hope this won't destroy FB, beside the IPO fraud, it is a decent platform to advertise yourself a photographer, and to keep connected with (possible) customers.

Hi Mark, it must be Mark right? Who else would post this.

Mark what? Mark my words, maybe :)

lagereek

« Reply #17 on: May 23, 2012, 11:32 »
0
It didn't take long for trouble to brew over this one. From the Daily Telegraph;

http://www.telegraph.co.uk/technology/facebook/9284832/Facebook-founder-Mark-Zuckerberg-sued-by-shareholders-over-IPO.html


I don't get this. Does the Goldman, Morgan, JP, Henry Paulson type bunch need an introduction to anyone?  They have been screwing everybody for decades now, their middle name is fraud. I used to shy away from this, but nowadays I have to agree when they talk about them as financial terrorists... it's not an overstatement at all. Oh yeah, of course it's the 'smaller guys' getting screwed again (which by now includes the mere millionaires) My take on this is that just about everybody knows by now how fraudulent these evaluations are, and they too wanted the quick, free and easy speculation-scam money,  because suddenly they thought they are in business with the insider elite by taking part in this IPO. OF course the real elite screwed them, as always. They deserve this.


Almost ashamed to say that before life as a photographer I worked at one of the aforementioned banks doing company valuations for mergers and acquisitions (M&A)... Do I trust bankers or anything that say? Nope. Usually these valuation exercises start out by determining with what value you want...then you just work your way back from that. There isn't ANY honesty in it whatsoever.


Youre ashamed?  what about me? 20 years back I married a stockbroker/dealer, and with Citicorp, citibank. It was all cut-throat,  now she is a chief-analyst with a bit more moral. :D

drugal

    This user is banned.
« Reply #18 on: May 23, 2012, 11:38 »
0
It didn't take long for trouble to brew over this one. From the Daily Telegraph;

http://www.telegraph.co.uk/technology/facebook/9284832/Facebook-founder-Mark-Zuckerberg-sued-by-shareholders-over-IPO.html


I don't get this. Does the Goldman, Morgan, JP, Henry Paulson type bunch need an introduction to anyone?  They have been screwing everybody for decades now, their middle name is fraud. I used to shy away from this, but nowadays I have to agree when they talk about them as financial terrorists... it's not an overstatement at all. Oh yeah, of course it's the 'smaller guys' getting screwed again (which by now includes the mere millionaires) My take on this is that just about everybody knows by now how fraudulent these evaluations are, and they too wanted the quick, free and easy speculation-scam money,  because suddenly they thought they are in business with the insider elite by taking part in this IPO. OF course the real elite screwed them, as always. They deserve this.


Almost ashamed to say that before life as a photographer I worked at one of the aforementioned banks doing company valuations for mergers and acquisitions (M&A)... Do I trust bankers or anything that say? Nope. Usually these valuation exercises start out by determining with what value you want...then you just work your way back from that. There isn't ANY honesty in it whatsoever.


Thats exactly what more savvy financial and news commentators like Max say, that there is no price discovery mechanism anymore, it's the opposite, the big player sets a price target and manipulates the market to reach it, then sells, shorts, etc... It must be cool to have a job like that, you can't really loose. The bad part for the Joe bag o' donuts is that this isn't capitalism, it's feudalism.
« Last Edit: May 23, 2012, 11:42 by drugal »

antistock

« Reply #19 on: May 23, 2012, 12:48 »
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if FB keeps making 900 million $ net profit per year it can easily float from 10 to 20$ per share for a long time.

30$ as now is overpriced, but some long term investors bet their money on the assumption that with this new infusion of cash and raw power they will either but smaller companies that make real money or they will "find a way" to keep growing.

which is just B-S ... but it will take at least 3 months before the big guys will be free from lock-ins and will dump their shares altogether, but yet if they make good profits their share cannot reach the bottom, it will just be priced as it should.

the issue is for the many fools who bought the idea that FB was the new google and their stock would have quadrupled or more in a few months, add to that the many hedge funds who included FB in their portfolios.

actually it's a good sign the Nasdaq is kicking the as-s of crooks like FB and Groupon, hope they bring Zynga in the mud as well.

« Reply #20 on: May 23, 2012, 13:00 »
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I see a whole bunch more bubbles bursting in the near future.

drugal

    This user is banned.
« Reply #21 on: May 23, 2012, 13:33 »
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I would buy FB at 7-8$.

tab62

« Reply #22 on: May 23, 2012, 13:44 »
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WTZ - What the Zuck (new term)...

« Reply #23 on: May 23, 2012, 14:11 »
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WTZ - What the Zuck (new term)...

 :D

Or maybe...I've been Zucked!

drugal

    This user is banned.
« Reply #24 on: May 23, 2012, 14:45 »
0
just for fun - max kesier, rt, and his guests way ahead of the crowd and spot on as always - and more insight of course...


Goldman Sachs' Facebook Fraud


 

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