FB Drops Under $20 For First Time Ever

[Serpo]

"Surely not" screams California's Comptroller. "Surely, Yes" sneers Knight Capital's self-aware destructo-capital algo. Faceberg just broke a monumental barrier, trading back into the teens for the first time - somewhere the Winkelvi are bathing in a salty pool of Schadenfreude.





http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07-2/20120802_fb_0.png (http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07-2/20120802_fb.png)






http://www.zerohedge.com/news/teenbook-fb-drops-under-20-first-time-ever

[Gaillo]

Congrats to the GS-US community!
We ALL knew FB was pump-and-dump bullshit.


BTW... Did anyone here make money by shorting that pig? ;D

[Serpo]

Farce Book.......................

[Gaillo]

.
FaceplantBook! ;D


http://www.deuceofdavenport.com/wp-content/uploads/2010/02/faceplant.jpg

[osoab]

is it time to buy?

[Serpo]

Facebook admits millions of accounts are fake


Facebook's share price dipped below $20 on Thursday after reporting slowing growth and an admission of an alarming number of fake accounts.

In a quarterly filing with the Securities and Exchange Commission, the social media company said that as many as 83 million of its accounts are fake.

It also reported that as many as five percent of its active users have duplicate accounts.

Facebook members grew to 955 million this year.

It says 1.5 percent of its accounts are likely spam or accounts set up for other malicious activity. The fake accounts are concentrated in developing markets, according to the filing.

It also blames people who set up accounts for non-human entities, such as pets.

There are "inherent challenges" in measuring usage," the social network said.

"We are continually seeking to improve our ability to identify duplicate or false accounts and estimate the total number of such accounts, and such estimates may be affected by improvements or changes in our methodology," the filing continued.

The number of real users is important for Facebook as it seeks to sell advertising.

Facebook shares are down almost 50 percent from its $38 May IPO.

http://www.myfoxny.com/story/19180366/facebook-admits-millions-of-accounts-are-fake#ixzz22Phoj45i

[Neuro]

is it time to buy?
Hahaha! Is it still valued at $50 Billion! But who knows maybe having the psychological profile of the entire planet is valuable to some tribe, but I think they get it for free anyway!

[Skirnir_]

Buy FB at $2,14

[Ares]

Wake me up when it's a penny stock then I might consider.

[osoab]

Wake me up when it's a penny stock then I might consider.

I wonder how many shares MS will have trying to protect 1.00.


http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
FaceBerg Hits 21 The Hard Way (http://www.zerohedge.com/news/faceberg-hits-21-hard-way)Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 07/31/2012 - 11:07

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/07-2/20120731_FB_0_0.png










Was it only two months ago that Faceplant was heralded as bringing in the new era of, well something... the public markets are a cruel friend it seems as FB just traded with a $21 handle for the first time - down a marvelous 53% from its IPO-day highs... Volume exploded once it crossed that barrier as we suspect Margin Stanley was aggressively defending its new line in the sand (how did that defense work at $38, $37, $35, and $30 - but maybe this time is different).

On another note, Moon Beam looks to be losing a lot of facepuke tax frns.


California Dreaming Turns Into Nightmare As Sinking FaceBerg Stock Means Less State Revenue (http://www.zerohedge.com/news/california-dreaming-turns-nightmare-sinking-faceberg-stock-means-less-state-revenue)

[Silver Rocket Bitches!]

At least they got their hands on that instagram company for a billion dollars. The zero income generated from that surely helps fb retain its status as a $100 billion company.

[osoab]

Hahaha! Is it still valued at $50 Billion! But who knows maybe having the psychological profile of the entire planet is valuable to some tribe, but I think they get it for free anyway!

Think of all the suckers that bought above the ipo price. Is it double down time or cut your loss time?

[Mouse]

A lot of suckers out there bought call options in the 40's. On margin....haha. One of them I talked to lost over 50k in premium out of the money.

[Twisted Titan]

A classic example of fools rushing in and getting slaughthered

Thank God I own Mercury Dimes

[Skirnir_]

A classic example of fools rushing in and getting slaughthered

Thank God I own Mercury Dimes

I am more partial to Panamanian silver dimes; they have the weight and finesse stamped on them.

[Neuro]

Think of all the suckers that bought above the ipo price. Is it double down time or cut your loss time?
I wouldn't be surprised to see a dead cat bounce up to $24 or so at this point. That would definitely be the selling point. However buying dead cat bounces takes nerves of steel, but it can be profitable. I actually managed to trade an IT stock that went down 90% in spring of 2000, at a profit, and I didn't have any shorting tools, just fairly accurately predicted the zig-zag pattern of a plunging stock. I did overall lose money in the time period, but the reason was not the Internet shares, but the other supposedly more stable shares, that I owned, that were affected by the IT crash. Interesting time to have experienced, many delusions!

[JDRock]

it was all over when in the first week goldman sold large.

[gunDriller]

Congrats to the GS-US community!
We ALL knew FB was pump-and-dump bullshit.

but i bought a 1000 shares !


maybe on April 1 :)


i think it's still a $4 Billion to $8 Billion company, or maybe $12 B. if you give it a higher P/E which is sometimes justified for growth stocks. a stock price of $2 to $6 per share.


they showed their vulnerability when they bought Instagram.

Facebilk can be put out of business by ~1~ great programmer of the Marc Andreissen (Mosaic/ Netscape) or Robert Carr (Framework, early Office Suite bought by Ashton Tate in the 1980's) type talent.

[mick silver]

wake me the f up when there going to jail for life . till then back to sleep . if it was a buck that would still be to high

[beefsteak]

A lot of suckers out there bought call options in the 40's. On margin....haha. One of them I talked to lost over 50k in premium out of the money.

I feel for that gambler. Does he perchance like Gold and Silver, since he's a risk-taker? Naked Call options IS a gamble. If he had the chops, he'd would have WRITTEN the 40 puts, collected the premium and laffed all the way to the bank, from taking the opposite side of the $40 /sh hope and WAG flippers.

The odds of winning in a naked call strategy are notably abysmal.


beefsteak

[madfranks]

I am more partial to Panamanian silver dimes; they have the weight and finesse stamped on them.

I am also partial to the silver bolivar coins from Venezuela, for the same reasons:

http://www.24carat.co.uk/images/1936venezuela5bolivaresrev400.jpg

[Skirnir_]

I am also partial to the silver bolivar coins from Venezuela, for the same reasons:

http://www.24carat.co.uk/images/1936venezuela5bolivaresrev400.jpg

Coincidentally, a 5-bolivar coin has the weight and finesse of two silver half-dollars.