Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

finance.yahoo.com

Post reply on HN
Print view View original

11–20 of 98 posts

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#11

Post by samstave »

maybird wrote: post #2

I really don't want to mentally lump Facebook with Groupon. I hope we hear an official statement about this from Facebook.

It is a safe bet to group them. Given that we know that zynga constitutes 12% of their revenue, and zynga is useless - unless they charge for privacy, or other features - social networks will always simply be an ad platform and that, while still profitable, is not something eternally sustainable.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#13

Post by spydum »

vijayr wrote: post #7
guelo wrote: post #4

It is not possible to trust Wall Street, the whole thing is built on insider trading. They call customers that are not on the inside "dumb money" and unashamedly try to figure out how to take their money.

Is it this bad in Europe and Asia? or just in the US? Almost every day we hear banks doing this, banks doing that - most of it is unethical, and many of it probably illegal, yet nothing seems to be happening to them. This is depressing.

Ethics and legality don't always align. You will always find people who are willing to push the ethical line a bit further out to satisfy their greed. Then of course, it's not too much further to meander across that legal line as well.

What can government/regulators do? If they respond harshly and abruptly, they are criticized as being too heavy handed, and enemies of capitalism. If they respond slowly and deliberately, they are called slow and ineffective.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#14

Post by jpdoctor »

guelo wrote: post #4

It is not possible to trust Wall Street, the whole thing is built on insider trading. They call customers that are not on the inside "dumb money" and unashamedly try to figure out how to take their money.

> It is not possible to trust Wall Street, the whole thing is built on insider trading.

As the old saying goes: If you don't know who the sucker at the table is, it's you.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#15

Post by rmc »

vijayr wrote: post #7
guelo wrote: post #4

It is not possible to trust Wall Street, the whole thing is built on insider trading. They call customers that are not on the inside "dumb money" and unashamedly try to figure out how to take their money.

Is it this bad in Europe and Asia? or just in the US? Almost every day we hear banks doing this, banks doing that - most of it is unethical, and many of it probably illegal, yet nothing seems to be happening to them. This is depressing.

I assure you European banks are just as corrupt as American banks.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#16

Post by uptown »

larrys wrote: post #6

And the domain "facebooksuit.com" was just registered: Domain Name: FACEBOOKSUIT.COM Registrar: GODADDY.COM, LLC Whois Server: whois.godaddy.com Referral URL: http://registrar.godaddy.com Name Server: NS05.DOMAINCONTROL.COM Name Server: NS06.DOMAINCONTROL.COM Status: clientDeleteProhibited Status: clientRenewProhibited Status: clientTransferProhibited Status: clientUpdateProhibited Updated Date: 22-may-2012 Creation…

It'll be ironic when that domain owner is sued for trademark infringement.

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#17

Post by stanleydrew »

tbundy wrote: post #12

Not saying it's not true, but would be nice if there was more than an anonymous source to back this up. Unless I missed something.

Here's the Reuters report, which has more detail:

http://www.reuters.com/assets/print?aid=USBRE84L06920120522

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#18

Post by larrys »

uptown wrote: post #16
larrys wrote: post #6

And the domain "facebooksuit.com" was just registered: Domain Name: FACEBOOKSUIT.COM Registrar: GODADDY.COM, LLC Whois Server: whois.godaddy.com Referral URL: http://registrar.godaddy.com Name Server: NS05.DOMAINCONTROL.COM Name Server: NS06.DOMAINCONTROL.COM Status: clientDeleteProhibited Status: clientRenewProhibited Status: clientTransferProhibited Status: clientUpdateProhibited Updated Date: 22-may-2012 Creation…

It'll be ironic when that domain owner is sued for trademark infringement.

Won't happen.

Lawsuit domains are common. He will sell it to a lawfirm doing a class action which is perfectly ok to do.

FWIW - FACEBOOKCLASSACTION.com was registered almost 4 years ago:

Domain Name: FACEBOOKCLASSACTION.COM

   Registrar: REGISTER.COM, INC.

   Whois Server: whois.register.com

   Referral URL: http://www.register.com

   Status: clientTransferProhibited
   Updated Date: 17-jun-2011

   Creation Date: 15-jul-2008

   Expiration Date: 15-jul-2012

Re: Facebook Bankers Secretly Cut FB Revenue Estimates In Middle Of IPO Roadshow

#19

Post by freehunter »

tbundy wrote: post #12

Not saying it's not true, but would be nice if there was more than an anonymous source to back this up. Unless I missed something.

Yahoo says that Reuters has the information. Reuters says the information was delivered by Scott Devitt, Internet analyst for JP Morgan. Scott Sweet, senior managing partner at the research firm IPO Boutique, backed up the story. It was also confirmed by "an official with a hedge fund firm who received a call from Morgan Stanley about the revision."

http://www.reuters.com/article/2012/05/22/us-facebook-foreca...

Post reply on HN