Only up $2. Once i started hearing everyone got all the shares they asked for i knew there was a problem.
I don't understand stocks much as I have never really looked into them. What does this mean other than they are public now?
And the underwriters came in to save face........is that essentially right droski? I've never really studied how IPOs work on the financial side (as opposed to the accounting side). I still don't understand how it's profitable long-term.
yeah they supported the stock for a while. looks like they aren't doing it anymore. it's liquidity that going public provides.
Pretty much. Basically if it wasnt propped up by some banks, it wouldnt be at 38 a share right now. Still good if you were selling, but embarassing considering the hype behind it.
Hyped, yes. But, who expected the stock to do much at $38? I personally wasn't planning on getting anywhere near it.
I would hope financial institutions would hope it would stay above that when they agreed to underwrite it.
Financial institutions making sound decisions? Yep...I've heard about that... It may be fine in the long run, but most of its value seems to lie in potential and the ability to actually make use of the information they have on their users...without those users bolting.
Facebook could probably do pretty well for themselves by starting a search engine. They have so much personal data on people, that it should really help that whole "directed search results" thing.
It only made .06%. If you had a lot of stock, you made a lot of money. If you didn't, you didn't make as much as was projected.
At this point, it isn't about getting more users. It is about figuring out how to optimize making money off of those users vs. retaining them.
Which seems tough. Can't charge for it. Can't add too many advertisements. Only a handful of people are going to pay for those stupid imaginary gifts. I don't think the mobile app has ads. I'd probably start selling space there.
