Facebook IPO

[gandalf252002 Senior Member Find all posts View Profile Close gandalf252002]

For those interested Facebook, Inc. (FB) Real-Time Stock Quote - NASDAQ.com a high of only $43 so far.

[PigsDad Senior Member Find all posts View Profile Close PigsDad]

And it's now back down to $38 (where it started).

Fizzle...

Kurt

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I hear Bono from U2 has a major stake in the stock in fact it was reported that he could be the richest singer by today because of all his shares

[vintner Super Moderator Find all posts View Profile Close vintner]

Closing price $38.37 and has dropped in the aftermarket session.

I am not going in on this, but since AAPL has dropped nearly $100 since later April, I am interested in options on this, if the market ever stops dropping.

[PigsDad Senior Member Find all posts View Profile Close PigsDad]

I hear Bono from U2 has a major stake in the stock in fact it was reported that he could be the richest singer by today because of all his shares

Do you know why Bono had a previous stake in Facebook before the IPO? If he just bought at the IPO price, he only made $0.37/share today.

Kurt

[Luanne Senior Member Find all posts View Profile Close Luanne]

Do you know why Bono had a previous stake in Facebook before the IPO? If he just bought at the IPO price, he only made $0.37/share today.

Kurt

From MSN:

The U2 front man is a co-founder of the Elevation Partners investment firm, which bought 2.3 percent of Mark Zuckerberg's social network for a cool $90 million back in 2009. According to Nasdaq, that investment could be worth more than $1.5 billion when the deal wraps up, putting Bono past the current richest man in rock, Sir Paul McCartney, whose net worth is estimated at just over $1 billion.

Facebook IPO will make Bono the world's richest rocker

[bnoble Senior Member Find all posts View Profile Close bnoble]

Not only did it fall back to the offering price, but at least one point today the underwriters were purchasing shares to support it.

Facebook Falls Back to IPO Price - WSJ.com

[stan2u Member Find all posts View Profile Close stan2u]

There were a number of private investors who bought in prior to the IPO.

[PHILL12 Senior Member Find all posts View Profile Close PHILL12]

I as a small investor I would never buy this stock for first few months! Most people will lose money!

PHIL

[LisaH Senior Member Find all posts View Profile Close LisaH]

I would buy if the stock falls down to around $25, then sell before the 6 months lock-up period ends.

[easyrider Senior Member Find all posts View Profile Close easyrider]

Its way over valued. I bet it tanks by fall.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

open was $38 today it is at $31. Looks like the big boys are dumping there shares.

[Ridewithme38 Senior Member Find all posts View Profile Close Ridewithme38]

open was $38 today it is at $31. Looks like the big boys are dumping there shares.

I'm buying in at $22

[PigsDad Senior Member Find all posts View Profile Close PigsDad]

I'm buying in at $22

I'll buy your shares when you dump them at $10 this fall.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

open was $38 today it is at $31. Looks like the big boys are dumping there shares.

I'm buying in at $22

I'll buy your shares when you dump them at $10 this fall.

And I will do like I always do, Buy it when it is a Penny stock so I can lose my money just like normal.