Fadebook - fades - zucked!
The co-founder of Facebook was going to be the 3rd richest billionaire behind Bill Gates and Warren Buffett or close to it by putting his famous company on the stock market.
Shares opened at $38 on Friday and were supposed to increase to over $150 pr share which would have put him not far from the big boys.
He's still in his 20s.
However, a funny thing happened on the way to the club. The market had its worse crash of the year over fears of the Greece situation and the Euro dropping.
Then there was the, yet another trading fiasco with Morgan Stanley that under-wrote Facebook and with ordering procedures with Nasdaq. Everything that went wrong did. Morgan Stanley was just in the news
for losing $2B it couldn't account for. That was on Friday.
Their stock continued to drop on Mon and Tues to $34 pr share costing the co-founder nearly $6B.
I suppose he'll recover. Afterall the economy is recovering - right?
I was banned from Facebook too for using a phony name and I didn't post pics. When I logged on the pics from over half the Ravens Nest 1 came on with a quote that I might know these dudes. I hadn't been a member for 3 years.
It floored me and even more since I used a phony name. I later learned that facebook will discover it and they will bann you. I guess they got the clue when they kept sending me emails that people wanted to be my friend and I didn't respond. When I finally did it said my account was disabled.
I did ask to be my brother's friend and he said no. That's because he didn't know who I was as I used a different email.
When I was in Nest 1 everyone knew me as Trap. No one knew my real name, not one person. Everyone on Fri night calls me Trap where I sing. No one knows who I am.
I have too many people looking for me as it is and not even my own family can find me if I don't want em too. I just got back from Florida and they didn't even know I was down there.
I told my nephew he has too much info on there. He has his name, where he lives, where he works, pics of him, his family, friends and the girl is is going to marry. Anyone can find him in 10 mins.
And then there was the Secret Service Agent that had pics of women he partied with in South America and he said he liked watching Sara Palin's butt when he guarded it-lol.
That got him fired.
And then there was Wiener with all the Weiner jokes. That got him
fired too - from Congress no less.
Oh well, to each his own. I tell my nephews I don't need
fadebook because I have all these Ravens boards, what's left of them and they say many don't have that.
Last edited by AirFlacco; 05-23-2012 at 05:45 AM.
Pic of a natural act.
Re: Fadebook - fades - zucked!
Looks like Citi needs buyout from OBY.
They lost $20M on facebook.
Pic of a natural act.