Mysterious Facebook product plumps up shares on Wall Street
Facebook's stock went north on Wall Street - reaching $32 a share yesterday for the first time since July 2011 - basking in the glow of the free content ad network's imminent product announcement. The company sent out invites to the press last week to "come and see what we're building". Surprisingly, the details of what will be …
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Watch
Watch the drop when they realise what the product is.
Re: Watch
How many shares are sold before the announcement
Whatever it is, itl rape your privacy that little bit more
.If the share prices are a climbing, then see above....
Re: Whatever it is, itl rape your privacy that little bit more
You're right, a social networking site would work much better if the site and other users couldn't see any information about you at all. It's nearly as bad as the time BT put my home phone number in their phone book... how is that not illegal?!
Re: Whatever it is, itl rape your privacy that little bit more
@JDX - that's naive. It's not just useful things they do with your data.
@Eadon
I don't know much about modern platforms and you sound like a Java expert to me - does this high level abstraction increase the chances of cross platform vulnerabilities? Makes easier pickings for a coding fraudster no? Also - do you really know more than all 100,000 Microsoft employees combined? And before you start I'm stuck here with XP and a spare Linux stick and don't know what to do next so don't give me any fanboi crap!
Whatever the product, this will not entice me
either to buy Facebook stocks, or to join Facebook
Re: Whatever the product, this will not entice me
I'm with you Michael.
Just last night, I was unfortunate enough to be dragged into a pub. They used to be noisy, sociable places. I actually witnessed 4 grown men sat at a table, their pints on the table, in total silence. It used to be that they'd be arguing over the off-side rule, or footy league results, or which of the birds standing at the bar were the fittest. Not any more. They were all messing with thier sodding 'phones.
"Modern men" are total complete and utter pussies!
Re: Whatever the product, this will not entice me
"That's no pub. It's a wine bar"
(with apologies to the late Alec Guiness)
buy buy sell sell
Best get selling those shares off whilst the price is good.
Nobody wants a facebook phone, if you want facebook on your phone there are loads of phones that do that already either with apps like iOS or integrated into the OS like Windows phone.
To make a search engine that people stop using Google for you will have to make something amazing, since facebook isn't amazing why would anyone think that a search engine produced by facebook would be amazing.
A facebook OS? Seriously
Re: buy buy sell sell
Are you one of the people who a few years ago said "nobody wants FaceBook"? Just trying to gauge how much weight and money to put on your views...
The introduction of random spoonerisms into timeline , eg Base Fook?
Fickle marketing
The stock market is crazy for Facebook, cmon this is a bloody social networking site which prays on the weak and the feeble.
It's sad, and maddening, to think that there are pension funds that can be influenced based on the actions of Zuck and his FragileBook.
Capitilism really does have a nasty side.
prays on the weak and the feeble
and the barely literate?
Re: prays on the weak and the feeble.
May St.Zuck bless you, my son.
Can we say stock price manipulation?
During the SEC mandated quiet period a company is not allowed to make any statements. That includes confirming or denying rumours. Analysts can say pretty much anything they want, start rumours etc and the price of the stock will react. Chances are the results aren't going to be stellar, so pump the price up and dump it before we get any real news.
BTW, the IPO was in 2012
So there's no way you can compare it against a 2011 price.
Mobile os???
They cant even write a mobile app that isn't a POS
My money is on them revealing mobile apps for Facebook that actually work...
If you had bought it at $20, shortly you'd have doubled your money
My money is on FB going north of $38 a share, vitiating any actual damages in the civil cases against FB and the underwriters, leaving only the question of punitive damages and costs. If the stock price is back at the IPO price, was anyone harmed by the alleged selective disclosure?
"Others have attempted perhaps more intelligent guesses about what will be announced, including the possibility of some kind of Facebook OS geared for mobile devices"
A Facebook OS? God-f***ing-forbid. Somebody please, say it isn't so.
How about proof reading???
"Facebook's stock went north on Wall Street - reaching $32 a share yesterday for the first time since July 2011"
A new search product, well whoopeeshit.
Just shows how they're not an innovator.
This:
http://news.sky.com/story/1038480/facebook-reveals-new-search-feature
I can't wait 'till 18:00 GMT tonight...
Me and the missus have better plans than looking at a Facebook announcement....
Re: I can't wait 'till 18:00 GMT tonight...
Take an upvote - much more fun than some miserable bastards I won't mention...
I know the answer
They're going to launch Soylent Green. Yummy.
Eadon:
which Rhume is the Fune in please?
as for "going north" ... .only if the restroom is strategically placed on the north side of the stock exchange.
I think even the Canadian border patrol folks would kick it out.
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