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Re: NASDAQ:FB

#181

Post by ramanujan »

This is Hacker News. The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished.

Every hacker, every entrepreneur, every creator should derive inspiration and uplift from Facebook's story. It's a rare bright day in the middle of the worst economic environment since the 1930s. It doesn't matter whether the company will grow into a $100B valuation. It does matter that it was started in February 2004, by a single guy with a computer, and has affected the lives of billions of people and created billions of dollars in wealth.

Maybe the markets won't be kind to them. Maybe they won't grow into the $100B valuation. But outside of those who are direct competitors, I can't understand anyone who actually wishes them ill. As a creator, as an entrepreneur, as a hacker, if you tear down Facebook you're just tearing down yourself.

Re: NASDAQ:FB

#182

Post by biot »

grecy wrote: post #153

Lots of people talking about using etrade.com to get in on this... is there an equivalent for those of us in Canada? i.e. Super fast and easy to setup account where I can immediately buy some shares?

Scotiabank bought E-Trade Canada, now iTRADE: http://scotiaitrade.scotiabank.com/itrade/

There are tons of options these days though.

Re: NASDAQ:FB

#184

Post by lsc »

cft wrote: post #154
_pius wrote: post #124

Earlier quoted context omitted.

I don't understand why any internet entrepreneur would wish for the Facebook IPO to fail, secretly or not.

Think of bootstrapped companies that do not WANT funding: IPO success=more investment hype, more VC money thrown around (very often irrationally),more competition, harder to hire, especially in SF, all services are more expensive.

goes both ways. Trying to buy services? (for me, dark fiber and data center space) is way more difficult now than it would be without a bubble. (that, and I don't want to sign long-term contracts on any of that stuff, 'cause I know it will get cheaper after the crash, and that I'll have less of the high-end customers to pay for it, too.)

On the other hand, customers are far more free with their money. (but that doesn't help me as much as you'd think; My big weapon seems to be my willingness to accept a reasonable margin; e.g. I can lower my prices more than the competition. (yes, yes, amazon has lower costs than I do. But they also have more credibility, so that translates into margin rather than into savings for the end user.) For me, the big upside is that individual Engineers have more disposable income that can be put towards the 'hobby' budget, which is the budget most of my customers pay me out of.

I dono. I have a long history of crying 'bubble' long before the crash. I refused to buy a house in 1999 because I thought housing was a bubble.

Only recently have I started thinking about this bubble as something that would last long enough to take advantage of on the upside. I have pretty extensive plans to take advantage of a crash, but I'm only now considering how I can take advantage of the upside.

Re: NASDAQ:FB

#185

Post by rabidsnail »

swalsh wrote: post #170
randomdrake wrote: post #40

The opening ceremony was actually kind of cool: http://www.livestream.com/nasdaq/video?clipId=pla_80cca9bb-4... Seeing the sheer joy on Mark Zuckerberg's face was nice. I thought he was going to shed a tear, actually. It's always inspiring to see a geek get his day.

That's the face of a man who just became a billionaire over night.

He was a billionaire already.

Re: NASDAQ:FB

#186

Post by timr »

Munksgaard wrote: post #164
randomdrake wrote: post #40

The opening ceremony was actually kind of cool: http://www.livestream.com/nasdaq/video?clipId=pla_80cca9bb-4... Seeing the sheer joy on Mark Zuckerberg's face was nice. I thought he was going to shed a tear, actually. It's always inspiring to see a geek get his day.

Are they just clapping for 3 minutes straight or am I missing something here?

Those things are just PR stunts so that news directors have nice clips for the evening news -- they're gathered up, told to clap for a long time, and the cameras roll. In this case, it's particularly transparent because they're doing it in the park. The NYSE at least does this on that balcony overlooking the "trading floor", which gives it a look of legitimacy.

Re: NASDAQ:FB

#187

Post by wgx »

option_greek wrote: post #162
rauljara wrote: post #130

[Kilgore Trout had written a novel call the Big Board.] It was about an Earthling man and woman who were kidnapped by extra-terrestrials. They were put on display in a zoo on a planet called Zircon-212. These fictitious people in the zoo had a big board supposedly showing stock market quotations and comodity prices along one wall of their habitat, and a news ticker, and a telephone that was supposedly connected to a…

Makes me wonder if each of us are in such environment already.

Not un-related: http://en.wikipedia.org/wiki/Nick_Bostrom#Simulation_hypothe...

Re: NASDAQ:FB

#188

Post by paul »

ramanujan wrote: post #181

This is Hacker News. The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. Every hacker, every entrepreneur, every creator should derive inspiration and uplift from Facebook's story. It's a rare bright day in the middle of the worst economic environment since the 1930s. It doesn't matter whether the company will grow into a $100B valuation. It does m…

Agreed. The growing levels of envy and cynicism on hn is unhealthy. Trashing other people's efforts doesn't make your own more successful.

Re: NASDAQ:FB

#189

Post by chestercheetaz »

ramanujan wrote: post #181

This is Hacker News. The top-voted comment on this thread really should be words of praise for what Zuckerberg and his team have accomplished. Every hacker, every entrepreneur, every creator should derive inspiration and uplift from Facebook's story. It's a rare bright day in the middle of the worst economic environment since the 1930s. It doesn't matter whether the company will grow into a $100B valuation. It does m…

I'm a firm believer that if you "dis Dre, you dis yourself."

but Facebook? not so much...

Re: NASDAQ:FB

#190

Post by adambyrtek »

jcfrei wrote: post #122
kamaal wrote: post #120

The share price is dropping. So far very exciting 20 minutes. The stock price is fluctuating up and down. It went to $40 its now back to where it started. Things volatile at this moment.

if google finance' trading volume is accurate, it's pretty crazy right now: Vol / Avg. of 119.31M shares after 20 minutes (out of 421,233,615 shares)!

Interestingly, Google Finance also says: "Total Shares 2.74B".
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