Will you be buying Facebook?

[yasockie]

I know some of you have signed up for trading accounts to be able to buy Facebook shares.
Where did you open your account and will you be buying after all?

[BrilloPad]

ITV did well on their friends reunited investment didn't they?

[badger7579]

Nope. Massive hype will inflate the price before a dip in my opinion. Plus Zuck will still have overall control and states FB is for the good of the world not for the sake of a business. Not good for investors IMO.

[jmo21]

Here's the thread I started a wee while ago.

I asked a number of UK based trading companies and all of them said they were unable to trade in the FB IPO.

Has anyone else had any luck.

Lets not start with the investment advice again though

Edit: oops too late!

[MarillionFan]

Nope. Massive hype will inflate the price before a dip in my opinion. Plus Zuck will still have overall control and states FB is for the good of the world not for the sake of a business. Not good for investors IMO.

WHS.

Flash in the pan, overpriced , good way to lose money(longterm).

[JoJoGabor]

No, the figures dont add up for me. I think I read $350m profit last year, $10bn IPO values the company at $100bn, thats a p/e ratio of about 30 - very expensive, all potential is already built into the price

[TheFaQQer]

ITV did well on their friends reunited investment didn't they?

Almost as well as Rupert Murdoch did with MySpace.

[jmo21]

No, the figures dont add up for me. I think I read $350m profit last year, $10bn IPO values the company at $100bn, thats a p/e ratio of about 30 - very expensive, all potential is already built into the price

Not sure if this is completely accurate but here it is anyway link

Facebook, just eight years old and started by Harvard University students, now has 845 million users and made a profit of $1bn last year.

<snip>

This included news that Facebook's net income in 2011 rose 65% to $1bn, off revenues of $3.71bn.

[ChimpMaster]

Have you used Facebook recently? It's utter rubbish now - yes it was fine a while back but it's going downhill fast and will no doubt be overtaken by something bigger, better and easier for the masses to get addicted to.

[yasockie]

Not sure if this is completely accurate but here it is anyway link

I think the IPO is supposed to be $5 billion, but again, not sure how much of the company are they planning to give away for that...