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This is like a NASCAR race, many (most?) of us watching secretly hope for a spectacular crash. It's wrong, but the potential of schadenfreude is very tempting.
by alecco 14y ago
This is like a NASCAR race, many (most?) of us watching secretly hope for a spectacular crash. It's wrong, but the potential of schadenfreude is very tempting.
- unimpressive 14y agoWell, considering the number of people who aren't exactly fans of Facebook, I wouldn't be surprised if some of the people watching with the most interest were the ones actively rooting for it to be a spectacular failure.
- math 14y agohttp://www.zerohedge.com/news/facebook-european-premarket-bid-%E2%82%AC58 http://www.zerohedge.com/news/facebook-european-premarket-bi...
- gravitronic 14y agoSo what I'm guessing is my $40 limit order is not going to get filled...
- hakanensari 14y agoIt may eventually if you leave it open.
- mmaunder 14y agoGive it 6 months.
- gravitronic 14y agoHahaha, that was actually what I realized.. only if it was a mistake to buy would my order get filled. Or a very random fluke resulting in a fill before it jumps to ~60+ update: got my order filled. Maybe a mistake. Please go 'like' something.
- alecco 14y agoGive it 6 minutes.
- deleted 14y ago[deleted]
- justincormack 14y agoyou should be filled and losing money by now as it is at $39...
- math 14y agohttp://www.zerohedge.com/news/facebook-indicative-open-45 http://www.zerohedge.com/news/facebook-indicative-open-45
- mmaunder 14y agoI'm guilty of wishing FB a bit of schaden myself, but if they actually have a business on their hands and the market reflects that in the coming months and years, the effect is that access to capital for all of us will not be a problem for the next decade. Think of the effect that the Google IPO has had on access to angel and other investment capital. Two of my angels are former Googlers and my previous business was a vertical search sold right after Google IPO'd. All our destinies are in one way or another wrapped up in this little ticker symbol for the next few years.
- iharris 14y agoI'm in agreement here. Like it or not, FB will likely affect everyone here, whether directly or indirectly. Regardless of how the trading goes today, it should be an interesting ride.
- joering2 14y agoI think if most wishes it to tank, its not because of envy, but rather because we all see how people lose control over their private data in the name of chilling out with friends on the cool website. This is extremely sweet candy that feels so good right now, but eventually you will throw up and have cavities. To me a wake-up call was a huge investment that FB accepted from DST.
- fear91 14y agoSo are we rooting for the fall of Google, too?
- marshray 14y agoGoogle seems to have a pretty good track record of being a well run, profitable company. In my opinion anyway, FB still seems to be in the "do something big, figure out how to profit from it later" stage. That's all well and good, but I don't know that it's $130+ per active user good. How many ad banners are these people going to click? To put this in perspective, the initial valuation of $104B is over 2/3 the entire amount of money spent on all advertising in the US last year ($141B).
- fauigerzigerk 14y agoLots of people are waiting for a crash so they can buy it. My guess is there won't be a crash today or in the coming days. I believe it will open well in the 40s and never come even close to the offering price.
- obtu 14y agoThe game is rigged a little bit so that this won't happen early on (for example, with a 30 day greenshoe option): http://ask.metafilter.com/214810/Quick-turnaround-strategy-for-buying-Facebook-stock#3099998 http://ask.metafilter.com/214810/Quick-turnaround-strategy-f...
- deleted 14y ago[deleted]
- goatforce5 14y agoWon't FB being a fizzer lead to the markets drying up for everyone else for a while? "If FB can't make money, nothing can!"
- mkr-hn 14y agoHeard on CNBC: "This is the TV business news equivalent of a car chase."
- larrys 14y agoWhat's really strange is that I actually profit from all of this hype (if they do well people end up wanting to buy domains which I help with and make money from) and for some reason I want to see the carnage also. The worse years I had were after the first bubble and the best years are during this bubble but I still feel the way you are describing.
- _pius 14y agoI don't understand why any internet entrepreneur would wish for the Facebook IPO to fail, secretly or not.
- cft 14y agoThink 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.
- lsc 14y agogoes 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.