FaceBook - head of another DotCom crash?

[Mermaid]

coyft said:

Let's have some fun, guess the opening price.

$38 start, I'm going for $45.

No idea, but may drive the broader market today.

[twinturboz]

Premarket showing possible $70

[Mermaid]

coyft said:

In fairness we should give it an hour to settle down.

Many will short the initial spike.

[130R]

I predict something like:

Quick everyone buy! .. no wait, sell, sell!

On no my monies ...

[twinturboz]

I would have thought going short will be difficult, the stock will be hard to borrow and will probably have a huge lend fee.

[FourWheelDrift]

[DonkeyApple]

130R said:

I predict something like:

Quick everyone buy! .. no wait, sell, sell!

On no my monies ...

Same. But I'm a cynic. The over subscription suggests a Google.

[Mermaid]

$45 expected.

[blindswelledrat]

What will $45 value Facebook at?

[twinturboz]

extended by 5 mins

[rohrl]

blindswelledrat said:

What will $45 value Facebook at?

At $38 the company was valued at $104 billion so $123 billion or so.

[Mermaid]

$42

[Trommel]

If I was Bono I'd be pressing "sell" right about now.

[130R]

Zuckerberg has made $20 billion in 8 years, that is crazy

[FourWheelDrift]

130R said:

Zuckerberg has made $20 billion in 8 years, that is crazy

Technically speaking he's going to make $20 billion in a few hours.

[Trommel]

FourWheelDrift said:

130R said:

Zuckerberg has made $20 billion in 8 years, that is crazy

Technically speaking he's going to make $20 billion in a few hours.

Sensibly speaking he'd better diversify his portfolio.

[blindswelledrat]

Mermaid said:

$42

Is that a guess or the answer?

[Vixpy1]

Facebook has broken the Nasdaq They are 'experiencing difficulties' in launching the IPO

[Xaero]

DonkeyApple said:

Xaero said:

Short term it could be worth a bet. When facebook hits the magic 1 million mark I suspect the value will go up a bit.

I know advertising is lucrative (I make money on my feeble website in the same way), but Facebook have a huge number of options on where they can go. I think the money transaction side will be the first thing they need to get developed. Pay with Facebook rather than pay by paypal will go a long way as long as its secure and reliable. Who loves paypal anyway? That way the bank of facebook develops and they can skim a small percentage off each transaction. That's what I'd be doing if I was in charge anyway. They already have linked in with companies like flixster to pay for movies. When the average joe (all 1 billion of them) starts making internet payments via facebook, then they have a much more reliable system in my opinion to increase revenue.

They are large enough and sufficiently global to launch their own currency.

Why bugger about competing against Paypal when you could completely reinvent the way the next generation process payments on the web and kill Paypal and control massive flows.

My money is on a Face Book Dollar being issued and asset backed. It could easily become the single currency of a mobile generation.

Hold FBDs and wherever you are you can pay electronically.

Currencies to date have been rooted in geography. FB is global. People have been trying to make a global currency for decades. Other people have been trying to make an Internet currency. FB has the weight to combine the two.

Yes, that was what I was getting at. But you need to convert your dollars/pounds/yen etc to facebook dollars (or maybe a more fluffy name like facebook points to start with). Plenty of people use paypal like a mini bank and facebook could go the same way.

[Mermaid]

coyft said:

He's quoting the pre-market price. NASDAQ are having trouble in opening the stock due to the volume.

What he said ^