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Facebook heading down the pan already....?
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10-15-2012, 08:32 PM
Post: #4
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You sound surprised.
$70billion of its' original offer price was made up of 'good will' and 'hope of future revenues'. They are non-voting shares, so control rests with the company, and there were around 250 million shares. At $38 a share, the company would have to make $250million profit every year for 38 years and pay out all profits as dividends, just for you to get your money back. As it isn't making a profit, you need to have a benevolent g-d, a good fairy g-dmother, or know something the rest of the world doesn't to gamble on these shares. The Banks have made their profits in commissions etc. Fools rush in where Angels fear to tread. We've all been here before, only then it was the 'dotcom bubble', this time it is the 'small revenue, no profit, wishful thinking bubble'. |
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Messages In This Thread |
Facebook heading down the pan already....? - Level 7 Troll - 10-15-2012, 08:23 PM
[] - Chosen Man - 10-15-2012 08:32 PM
[] - John Ashtone - 10-15-2012, 08:32 PM
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