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Newegg.com withdraws IPO

renaissancecapital.com

11–20 of 41 posts

Re: Newegg.com withdraws IPO

#11

They're trying to avoid getting screwed like Linkedin.

Have you a link to a story about this? I'd not heard anything about LinkedIn's IPO going sour. I googled but nothing except positive stories were returned.

There's a reason they say sell in May. A lot of people think in June LinkedIn is going to take a beating. But who knows really, a lot of the time it is just a self-fulfilling prophecy.

Re: Newegg.com withdraws IPO

#12

They're trying to avoid getting screwed like Linkedin.

This is ridiculous. LinkedIn had benefited from computer algorithmic trading that jacked it's price to extraordinarily urealistic price to earnings ratios. p/e is a metric in which stocks are valued. How much the company is worth divided by the yearly earnings.

To say LinkedIn got screwed is to say the dot coms got screwed in 2000. Guess what? The only people that got screwed were the share holders. LinkedIn should be jumping for joy that their peice of shit company is worth anywhere near 8 billion dollars. I just feel bad for the stupid shareholders when their shares become worthless.

Re: Newegg.com withdraws IPO

#13

They're trying to avoid getting screwed like Linkedin.

Have you a link to a story about this? I'd not heard anything about LinkedIn's IPO going sour. I googled but nothing except positive stories were returned.

He's saying the stock doubled in its first day of trading. Meaning the shares were offered at a price. The company sold shares at that price. The same day the value of those shares doubled. So tr market is saying the shares are worth double of the IPO (initial public offering) price.

This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic.

Anyone who buys LinkedIn is retarded. Serious people that trade the market wouldn't touch it with a 10 foot pole. Sure you can trade this crap and make fist fulls of money in the short term. The venture capitalists got paid. Do not own this stock.

Re: Newegg.com withdraws IPO

#16
How much of a competitive disadvantage are they at relative to Amazon due to the sales tax situation?

Speaking of which, how many people actually report and pay the use taxes on purchases from Amazon?...

Re: Newegg.com withdraws IPO

#17

Hope it has nothing to do with the plaintext password storage revelation , which came last week

Unless I'm missing something, the CS Rep giving him his password in clear text does not necessarily mean it was stored in clear text.

Newegg should not be able to determine what his password is. 2-way encryption is less bad than truly storing it in cleartext, but 1-way encryption is the only acceptable way to store a password unless there's some very compelling reason that you need to be able to decrypt it. (eg. I used 2-way encryption to store people's Twitter passwords before OAuth because I needed to be able to tell Twitter their passwords, so 1-way wouldn't work.)

Re: Newegg.com withdraws IPO

#18

Earlier quoted context omitted.

Have you a link to a story about this? I'd not heard anything about LinkedIn's IPO going sour. I googled but nothing except positive stories were returned.

There's a reason they say sell in May. A lot of people think in June LinkedIn is going to take a beating. But who knows really, a lot of the time it is just a self-fulfilling prophecy.

Fundamentals be damned?

Trade like a technician.

Re: Newegg.com withdraws IPO

#20

Earlier quoted context omitted.

Have you a link to a story about this? I'd not heard anything about LinkedIn's IPO going sour. I googled but nothing except positive stories were returned.

He's saying the stock doubled in its first day of trading. Meaning the shares were offered at a price. The company sold shares at that price. The same day the value of those shares doubled. So tr market is saying the shares are worth double of the IPO (initial public offering) price. This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic. Anyone who buy…

> This behavior was common during the dot com bubble. IPOs doubled in price, everyone was happy. It's totally unrealistic.

Google more than tripled in the first two months that followed its IPO and it's been trading steadily at ~$550 (IPO: $87) for several years.

> Anyone who buys LinkedIn is retarded.

Obvious shorter is obvious.

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