View Single Post
      05-18-2012, 04:27 PM   #901
Patrick719
Lieutenant
 
Patrick719's Avatar
 
Drives: 2008 Jet Black 335xi coupe
Join Date: Jan 2011
Location: Castle Rock, CO

Posts: 407
iTrader: (2)

Garage List
2008 e92 335xi  [4.50]
Send a message via MSN to Patrick719
Personally I'm not buying into FB. At least not right now. It's overvalued. They don't produce anything, so all their income is ad revenue based. And companies are already reporting that FB ads aren't more effective than other media. GM just pulled their $10 million ad campaign with FB.

Yet the current stock price values Facebook higher than other large companies with solid producct lines and revenues.

Add the fact that they lost momentum in the first quarter of 2012 and that they shortened the lock-up period to 90 days, it sounds like a ton of people will be unloading the stock when the lock-up expires if they can't make numbers next quarter.
__________________
2010 RRSS Autobiography - #7 resonator delete
2008 335xi Coupe - sold

Patrick719 is offline   United_States
0
Reply With Quote