Domain: tiger-web1.srvr.media3.us Facebook trading at $75 Billion now | Page 3 | Money Talk
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re: Facebook trading at $75 Billion now

Posted on 2/14/11 at 3:21 pm to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 3:21 pm to
Man, if we could only get Goldman analysts to give this a Strong Buy ranking. It would be awesome.

All of this is interesting to me after I've watched Social Network which I give 4 out of 5 stars.


ETA:

And for fricks sake Goldman. Really?:

quote:

The Facebook fiasco demonstrates the outdated nature of this rule. To illustrate, consider Goldman's message to its prospective Facebook investors:

When you have a chance, I wanted to find a time to discuss a highly confidential and time sensitive investment opportunity in a private company that is considering a transaction to raise additional capital.
This post was edited on 2/14/11 at 3:24 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 3:25 pm to
FULL DISCLOSURE: I don't have facebook nor any monetary interest in facebook.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 2/14/11 at 3:26 pm to
Yes, it's this much of a joke.

But it's also inconsistent. Remember the famous Google interview in Playboy. For some reason, even that didn't preclude their private offering.

Overregulation, but only in some cases, appears to be the trend.

ETA: But yes, Goldman was really dumb about this whole thing from the get-go.
This post was edited on 2/14/11 at 3:27 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 3:42 pm to
quote:

ETA: But yes, Goldman was really dumb about this whole thing from the get-go.


No shite. But methinks Goldman, at the end of the day, may not be as dumb as we think they are.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 2/14/11 at 3:45 pm to
Well, hell no. They're receiving between 500M - 1.5B. Even if FB stock goes to 0, they still win. They're dumb in potentially bungling this deal and losing future business from FB.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 3:49 pm to
quote:

They're dumb in potentially bungling this deal and losing future business from FB.


Who else would bring this deal? Who else has that kind of stroke? I'm serious because I don't follow investment banking very thoroughly.

And MY GOD a 63 billion $ bump in 1 1/2 years in valuation? MY GOD


ETA: And what future business? Secondary offerings?
This post was edited on 2/14/11 at 3:51 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 2/14/11 at 3:53 pm to
FB could have gone with Morgan Stanley or Credit Suisse and really put some sting in Goldman's sores. MS and CS were Google's lead underwriters, which is one reason GS has been courting FB so closely ... so as to make sure they're a part of the "next big deal".

Which makes you think they'd have handled this offering with more care.
This post was edited on 2/14/11 at 3:54 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 3:58 pm to
quote:

FB could have gone with Morgan Stanley or Credit Suisse and really put some sting in Goldman's sores. MS and CS were Google's lead underwriters


I just didn't follow this deal at all. Boy, to be a fly on the wall at an investment bank. I bet that is some fun shite.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 2/14/11 at 4:02 pm to
I can't think of anything more interesting than to have been a fly on the wall when shite started hitting the fan at Lehman. I also can't think of a worse job than to have been one of their attorneys at the time. Thinking about managing all of those egos once shite got real makes me shudder.
This post was edited on 2/14/11 at 4:03 pm
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 2/14/11 at 4:08 pm to
quote:

I also can't think of a worse job than to have been one of their attorneys at the time.


I think they are selling lucky dogs on the sidewalk today.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 3/5/11 at 9:15 pm to
FB back down to 65B:

LINK
Posted by Broke
AKA Buttercup
Member since Sep 2006
65400 posts
Posted on 3/7/11 at 8:42 am to
:omg:
Posted by CaliforniaTiger
The Land of Fruits and Nuts
Member since Dec 2007
5327 posts
Posted on 3/7/11 at 2:41 pm to
and there's a crazy rumor going around that it will shut down on 3-15-11
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